Last month, the consumer price index rose by 2.1%, which the Bank of Korea analyzed was due to factors such as increased university tuition. On the 2nd, Kim Woong, the vice governor of the Bank of Korea, explained at a price situation monitoring meeting he chaired that “the consumer price inflation...
The won-dollar exchange rate reached its highest level in 16 years since the financial crisis of March 2009. Concerns about imminent mutual tariff increases from the second Trump administration and weak domestic stock prices due to the resumption of short-selling have heightened upward pressure on t...
Last month, the balance of resident foreign currency deposits decreased by more than $4.9 billion, returning to a downward trend for the first time in two months. This happened because corporations and individuals sold foreign currency to realize exchange gains as the won-dollar exchange rate exceed...
Due to the mutual tariff imposition by the United States and the resumption of short selling in the domestic stock market, a strong dollar was observed, and the won-dollar exchange rate exceeded 1,470 won in the early trading on the 31st. On that day, the won-dollar exchange rate in the Seoul foreig...
The household loan interest rates fell for the third consecutive month. The interest rates for dwelling mortgages have reversed to a decline after a month. This is attributed to the decrease in the benchmark interest rates of bank bonds and the Cost of Funds Index (COFIX). According to the Bank of K...
The Bank of Korea's net profit for last year exceeded 7.8 trillion won, marking the second highest performance in history. This was due to an upturn in the U.S. stock market and an increase in the won-dollar exchange rate, which led to a rise in trading profits from foreign exchange and securities. ...
The won-dollar exchange rate fluctuated sharply throughout the day. It rose above 1,470 won in the morning but reversed and closed at around 1,465 won. This was influenced by the dollar's strength following the announcement of tariffs on automobiles in the United States. According to the Seoul forei...
Commissioner Hwang Geon-il of the Bank of Korea's Monetary Policy Committee said on the 27th, "Close policy coordination for macroprudential management is crucial to ensure that the real estate market and household debt situation do not constrain the conduct of monetary policy aimed at alleviating d...
At the end of last year, the amount of real estate finance exposure in our country exceeded 3,000 trillion won. As household real estate loans increased, mainly centered on housing mortgage loans, project financing (PF) loans showed a decline. The Bank of Korea advised that caution should be exercis...
Last year, the number of self-employed individuals in arrears on loans approached 150,000, marking a threefold increase in just two and a half years. This appears to be due to high loan rates and sluggish service industry conditions, which have deteriorated the debt repayment ability of self-employe...
