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Search result for SOUTH KOREA CENTRAL BANK

S. KOREAN STOCKS END LOW ON TUESDAY; KOSPI FELL

Highlights –

  • S. Korean stocks end low on Tuesday; KOSPI fell.
  • Korea Composite Stock Price Index (KOSPI) slipped 2.11 points, close at 3,215.42 points.
  • Samsung Electronics stocks lost 0.72 percent to 82,900 won.
  • Foreign inve...

S. KOREA’S INTERNET BANKING SERVICES ROSE 20.6 PERCENT IN 2020

Highlights –

  • S. Korea’s internet banking services rose 20.6 percent in 2020.
  • The value of daily transactions via online banking reached $52 billion in the reporting year.
  • As of end-of-December the online banking services reached...

S. KOREA’S 5 MAJOR BANKS REPORTS RISE IN MORTGAGE LOANS IN MARCH

Highlights –

  • S. Korea’s 5 major banks reports rise in mortgage loans in March.
  • The combined mortgage loans from the 5 banks were more than 3 trillion won range.
  • The banks’ outstanding unsecured loans came to 135.4 trillion...

S. KOREAN BANKS’ HOUSEHOLD LOAN GROWS; LOAN DELINQUENCY RATE

Highlights –

  • S. Korean banks’ household loan grows; loan delinquency rate.
  • Local households’ outstanding bank loans increased to $88.5 billion.
  • The rate for bank loans more than 30 days overdue stood at 0.31 percent in Jan...

BANK OF KOREA ANNOUNCES UNCHANGED RECORD LOW POLICY RATE AT 0.5 PERCENT

Highlights –

  • Bank of Korea announces unchanged record low policy rate at 0.5 percent.
  • The country’s central bank maintained its growth outlook for the year at 3 percent.
  • The BOK also raised its growth outlook of exports for 2021...

S. KOREA REPORTS ITS GDP TO HAVE SHRUNK 1 PERCENT IN 2020

Highlights –

  • S. Korea reports its GDP to have shrunk 1 percent in 2020.
  • The country’s economy is said to have been the worst in 2020.
  • The BOK last year had forecasted a 1.3 percent contraction in the economy.
  • The coun...

SOUTH KOREAN STOCKS OPEN LOW ON MONDAY MORNING OVER PROFIT-TAKING

Highlights –

  • South Korean stocks open low on Monday morning over profit-taking.
  • The KRX benchmark KOSPI fell 23.77 points.
  • Samsung Electronics stocks fell 1.48 percent.
  • SK Hynix stocks advanced 1.18 percent.
...

BANK OF KOREA MAINTAINED ITS POLICY RATE OF 0.5 PERCENT

Highlights –

  • Bank of Korea maintained its policy rate of 0.5 percent.
  • Bank of Korea in November 2020 had frozen the key rate due to economic uncertainty.
  • The monthly exports in 2020 advanced 12.6 percent on-year to reach $51.4 billion...

BOK DECIDED TO MAINTAIN THE ACCOMODATIVE MONETARY POLICY NEXT YEAR

Highlights –

  • BOK decided to maintain the accommodative monetary policy next year.
  • The central bank will closely watch the side-effects of monetary easing.
  • It has been predicted that the country’s economy is likely to grow by 3% ...