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Bank of Korea

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    Busy Week Ahead: Jobs Report, Global Inflation Data, RBA Meetingβ–ΌWeek Ahead: U.S. Jobs Report; U.S., Eurozone, Australia, SK and Tokyo Inflation Reports; RBA Meeting; Central Bank Speeches from the Fed, ECB, and BOEβœ‰newsBusinessBanking12 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.

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    Korea's finance minister and BOK chief pledge closer coordinationβ–ΌFinance minister, BOK chief stress coordination to address uncertaintiesβœ‰newsBusinessBanking5 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.

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    A cyberattack on an outside vendor has exposed personal data of Bank of Korea staff, according to Korea JoongAng Daily. The breach is a concern for South Korea's central bank, whose security posture is under scrutiny, and highlights growing risks from third-party suppliers in the financial sector.

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    South Korea's finance minister and BOK chief vow policy coordination●(LEAD) Finance minister, BOK chief stress coordination to address uncertaintiesβœ‰newsBusinessFinance8 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.

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    Bank of Korea to closely monitor financial and forex marketsβ–ΌBoK says to closely monitor financial and forex marketsβœ‰newsBusinessBanking4 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.

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    South Korea's central bank under fire over staff data breachβ–ΌBOK faces scrutiny over cybersecurity after staff data breachβœ‰newsBusinessBanking9 min ago

    The Bank of Korea is facing scrutiny over its cybersecurity after a data breach involving staff information. The incident has raised questions about how the central bank protects personal and institutional data, an especially sensitive issue for the institution responsible for South Korea's financial stability. Observers are calling for stronger security measures and greater accountability.

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    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.

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    Bank of Korea Governor Backs CBDCs, Silent on Stablecoins●Bank of Korea's New Governor Backs CBDCs, Skips Stablecoinsβœ‰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 housing market continues to show resilience despite central bank interest rate hikes. Expectations of further house price increases and strong mortgage demand have persisted, suggesting borrowing costs alone have not dampened appetite for property. The stubborn demand raises questions about the effectiveness of monetary tightening in cooling the housing market.

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    South Korea's finance minister and BOK chief pledge closer policy coordination●Finance minister, BOK chief pledge closer policy coordinationβœ‰newsBusinessBanking7 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.

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    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.

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    South Korea's internet-only banks are accelerating the rollout of multicurrency services, allowing customers to hold and manage foreign currencies alongside won. The push, reported by Korean business media, reflects intensifying competition among digital lenders to broaden overseas banking features as demand grows for foreign exchange access, travel spending and cross-border transactions.

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    Samsung, SK Telecom and Hana build Korea's first private 5G financial officeβ–ΌSamsung, SK Telecom, and Hana Financial Group Build Korea’s First Private 5G Smart Office in the Financial Sectorβœ‰newsBusinessFinance7 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.

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    South Korea pushes KRW stablecoin safeguards as Hana Bank issues digital bondsβ–ΌAsia's weekly TOP10 crypto news: South Korea Calls for KRW Stablecoin Liquidity Safeguards and Hana Bank Issues $100M Blockchain Digital Bonds and Top10 Newsβœ‰newsBusinessBanking22 h 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.

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    Deputy Prime Minister Lee Visits Bank of Koreaβ–ΌDeputy Prime Minister Lee Visits Bank of Korea as Visits Riseβœ‰newsBusinessBanking8 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.