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Bank of Korea

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  1. 1
    South Korea's Central Bank Right Not to Cool the Boom●South Korea’s Central Bank Is Smart Not to Kill This Boom✉newsBusinessBanking1 h ago

    Bloomberg argues that the Bank of Korea is taking the right approach by not intervening to end the current boom, whatever form it takes in markets or the economy. The piece frames the central bank's restraint as a wise choice, suggesting that tightening or dampening activity now would risk snuffing out momentum prematurely. It is drawing attention as a commentary on Korean monetary policy.

  2. 2
    Busy Week Ahead: Jobs Report, Global Inflation Data, RBA Meeting▼Week Ahead: U.S. Jobs Report; U.S., Eurozone, Australia, SK and Tokyo Inflation Reports; RBA Meeting; Central Bank Speeches from the Fed, ECB, and BOE✉newsBusinessBanking21 h ago

    Markets are gearing up for a packed economic calendar in the coming week. The U.S. jobs report heads the agenda, alongside inflation data from the United States, the Eurozone, Australia, South Korea and Tokyo. The Reserve Bank of Australia meets to set policy, and investors will also watch speeches from Federal Reserve, European Central Bank and Bank of England officials for clues on the direction of interest rates.

  3. 3
    Korea's finance minister and BOK chief pledge closer coordination▼Finance minister, BOK chief stress coordination to address uncertainties✉newsBusinessBanking14 h ago

    South Korea's finance minister and the Bank of Korea governor have stressed the need for close policy coordination to address economic uncertainties. The two top economic officials underscored cooperation between fiscal and monetary authorities as the country navigates external risks, including global financial volatility and trade pressures. The joint message is being read as an effort to reassure markets about policy alignment.

  4. 4

    A cyberattack on a third-party vendor has exposed personal data of Bank of Korea employees, according to Korea JoongAng Daily. The breach did not involve the central bank's internal systems but raises fresh concerns about supply-chain security risks facing Korean financial institutions. It is the latest in a string of vendor-related data incidents in South Korea.

  5. 5
    Rate hikes fail to cool Korea's housing demand▼Rate hikes fail to cool Korea's housing expectations, mortgage demand✉newsBusinessReal Estate5 h ago

    South Korea's housing market is showing signs of resilience despite rising interest rates, as expectations of continued price growth keep mortgage demand elevated. Despite the Bank of Korea's rate hikes intended to cool the market, borrowers continue taking on loans, reflecting persistent belief that home prices will keep climbing in major urban areas.

  6. 6
    South Korea's central bank under fire over staff data breach▼BOK faces scrutiny over cybersecurity after staff data breach✉newsBusinessBanking3 h ago

    The Bank of Korea is facing scrutiny over its cybersecurity after a data breach involving staff information. The incident has raised questions about the central bank's data protection practices and the security of sensitive information held by one of the country's key financial institutions. Observers are calling for stronger safeguards and a review of internal security protocols.

  7. 7
    Bank of Korea to closely monitor financial and forex markets▼BoK says to closely monitor financial and forex markets✉newsBusinessBanking13 h ago

    The Bank of Korea said it will closely monitor financial and foreign exchange markets, signalling heightened vigilance over market volatility and currency movements. The statement puts markets on watch for potential policy responses if swings in the won or asset prices become disorderly.

  8. 8
    South Korea's finance minister and BOK chief vow policy coordination●(LEAD) Finance minister, BOK chief stress coordination to address uncertainties✉newsBusinessFinance17 h ago

    South Korea's finance minister and the governor of the Bank of Korea have emphasized the need for close coordination between fiscal and monetary policy to address economic uncertainties. Yonhap News Agency reported the comments, which highlight government and central bank alignment at a time of volatility in currency, rates and global trade conditions. No further details were given in the report.

  9. 9

    South Korea's finance minister and the Bank of Korea governor held a meeting, according to Yonhap News Agency. The regular financial chief-central banker meeting is being watched for signals on coordination between fiscal and monetary policy, particularly around inflation, currency pressures and the direction of interest rates as markets assess the country's economic outlook.

  10. 10
    Bank of Korea Governor Backs CBDCs, Silent on Stablecoins●Bank of Korea's New Governor Backs CBDCs, Skips Stablecoins✉newsBusinessBanking1 d ago

    Bank of Korea's newly appointed governor has voiced support for central bank digital currencies while avoiding any clear position on stablecoins. The remarks signal the country's monetary authority remains focused on a state-issued digital won rather than privately issued tokens, leaving Korea's approach to stablecoin regulation an open question for markets and crypto firms.

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    South Korea's finance minister and BOK chief pledge closer policy coordination●Finance minister, BOK chief pledge closer policy coordination✉newsBusinessBanking16 h ago

    South Korea's finance minister and the Bank of Korea governor have pledged to work more closely on coordinating fiscal and monetary policy. The commitment signals an effort to align government spending decisions with the central bank's interest rate stance as the country navigates economic uncertainty. Officials indicated regular consultations will continue to support financial stability.

  12. 12

    South Korea's finance minister and the central bank governor held a meeting in Seoul, according to Seoul Economic Daily. No details of the agenda or outcomes have been reported. Such meetings typically cover economic policy coordination, but no specifics are available at this time.

  13. 13

    South Korea's internet-only banks are moving to broaden their multicurrency offerings, allowing customers to hold and exchange foreign currencies alongside won. The push reflects growing demand for cheaper foreign exchange and overseas payments as cross-border spending and investment rise. Competition among the digital banks over currency services is intensifying.

  14. 14
    Samsung, SK Telecom and Hana build Korea's first private 5G financial office▼Samsung, SK Telecom, and Hana Financial Group Build Korea’s First Private 5G Smart Office in the Financial Sector✉newsBusinessFinance16 h ago

    Samsung, SK Telecom and Hana Financial Group have jointly launched South Korea's first private 5G smart office in the financial sector. The project applies dedicated 5G networking to a banking workplace, marking a first for the country's finance industry and signalling growing interest among Korean firms in private network technology for secure, high-capacity enterprise use.

  15. 15
    South Korea pushes KRW stablecoin safeguards as Hana Bank issues digital bonds▼Asia's weekly TOP10 crypto news: South Korea Calls for KRW Stablecoin Liquidity Safeguards and Hana Bank Issues $100M Blockchain Digital Bonds and Top10 News✉newsBusinessBanking1 d ago

    South Korean regulators are calling for liquidity safeguards for won-backed stablecoins, while Hana Bank has issued $100 million in blockchain-based digital bonds. The moves highlight how Korea is pairing caution on stablecoin risk with active adoption of tokenized debt, cementing its role as one of Asia's most active crypto and blockchain markets this week.

  16. 16
    Deputy Prime Minister Lee Visits Bank of Korea▼Deputy Prime Minister Lee Visits Bank of Korea as Visits Rise✉newsBusinessBanking17 h ago

    South Korea's Deputy Prime Minister Lee visited the Bank of Korea, with reports noting that official visits to the central bank have been rising. The trip comes amid heightened government attention to monetary policy and financial stability. Little detail beyond the visit itself has been confirmed, and officials have not outlined the full agenda or outcomes of the meeting.