SOUTH KOREA’S CENTRAL BANK DECIDED TO LOWER ITS POLICY RATE BY 0.5 PERCENT

Highlights –

• South Korea’s central bank decided to lower its policy rate by 0.5 percent.
• Bank of Korea had earlier slashed its rate by 25 basis points in May.
• The current rate may remain the same until the economy shows signs o...

SOUTH KOREAN STOCK MARKET UPDATE AS OF THURSDAY – 28.5.2020

Highlights –

• South Korean stock market closed lower on Thursday.
• KOSPI lost 2.66 points, closed at 2,028.54.
• Foreigners bought a net $3 million.
• retail investors sold off a net $2.3 million

On Thursday (KS...

BANK OF KOREA SAYS COUNTRY MIGHT FACE ECONOMIC SLUMP THIS YEAR

Highlights –

• BOK cut its policy rate by 0.5 percent.
• BOK forecasts a 0.2 percent on-year contraction in the economy.
• BOK also forecasts the country’s economy to rebound next year by 3.1 percent.

According to a...

MONDAY UPDATE – SEOUL STOCK MARKET

Highlights –

• Stocks traded lower, late Monday (KST)
• U.S. Federal Reserve slashed its key rate to 0.25  percent
• KOSPI shed 5.10 points as of 11:20 A.M (KST)

South Korea reported 74 new cases of the new coronaviru...

STOCK MARKET ALL TIME HIGH DESPITE COVID-19 – SOUTH KOREA

Highlights –

• Tuesday (KST) stock market hit an all-time high
• Possible interest rate cut likely to boost stock prices in the future
• Korea proposed an extra budget bill of $98.7 Billion on Wednesday to deal with coronavirus, and m...