SEOUL, Dec 16 - South Korea will pump $1.2 billion worth securities into three state-run banks in December to boost their capital base and help the banks provide funding to cash-poor local companies, the government...
SEOUL, June 9 - South Korea's central bank looks certain to hold interest rates steady at a record low for a fourth consecutive month on Thursday, so investors' main focus will be to scour its...
SEOUL, April 10 - South Korean consumer price growth is expected to ease rapidly to below 3 percent from May, a central bank official said on Friday. "Weak demand should weigh on inflation, which will...
SEOUL, April 10 - Following are the Bank of Korea's revised forecasts for 2009 economic growth (percentage growth from a year earlier unless stated): H1 H2 Full Year Gross domestic product -4.2 -0.6 -2.4 Private...
SEOUL, Nov 7 - South Korea's central bank cut its benchmark interest rate on Friday by 25 basis points, as expected, its third cut in a month to try to calm markets and boost the...
It was the first time since October 2001 the central bank has expanded the funds available for total loans, with the cap typically set each quarter. In September, the bank had said the limit would be unchanged for the fourth quarter of 2008.
SEOUL, Dec 28 - The Bank of Korea said on Sunday it would expand its $10 billion in trade finance support, a measure aimed at offering foreign currency liquidity to exporters, to large companies until...
SEOUL, Nov 19 - South Korea will be careful about adopting measures to control liquidity at foreign bank branches and any action will be in line with international moves, a regulatory official said on Thursday....
SEOUL, Nov 17 - South Korea's central bank is concerned a hasty interest rate increase may hurt a recovery in Asia's fourth-largest economy, Bank of Korea Senior Deputy Governor Kim Jae-chun said on Tuesday. "There...
SEOUL, Nov 11 - South Korea is looking at measures to enhance foreign currency liquidity at banks, a top regulator said on Wednesday, which reportedly may require them to hold U.S. Treasuries as a portion...