Hong Kong and Japanese financial authorities warned that if there is no active response to climate change, the financial sector could face greater losses in the long term. They especially noted that while the impact may not be significant in the short term, losses in the financial sector are expecte...
The governor of the Bank of Korea, Lee Chang-yong, noted on the 18th that "the threat of climate change is placing significant burdens on the Bank of Korea's price management," emphasizing that it is an urgent national task that "the government, corporations, financial institutions, and households m...
An analysis by the Bank of Korea showed that if climate change is not addressed, the nation's financial sector could face losses exceeding 45 trillion won. There is also a possibility that the capital ratio, an indicator of financial soundness from the Bank for International Settlements (BIS), could...
A report by the Bank of Korea indicated that the corporate value of our country is at the lowest level compared to major countries. It was shown to be lower than that of Indonesia and South Africa, which have smaller economies than Korea. The Bank of Korea advised that returning profits to sharehold...
In January of this year, the currency supply increased by more than 20 trillion won, pushing the amount of money circulating in the market to over 4203 trillion won. The currency supply has been on the rise for 20 months. The increase was substantial in demand deposits as investment waiting funds gr...
In the global foreign exchange market, the euro and yen are rising strongly as challengers to the dollar, while the Korean won continues to struggle. Market participants analyze that this is because domestic political uncertainties are persisting, increasing the possibility of an economic downturn. ...
A study found that the Conditional Forward Guidance, referred to as the 'Korean dot plot,' affects short-term market interest rates but does not influence long-term rates beyond six months. This means that while forward guidance functions well as a short-term currency policy tool, it has limitations...
Lee Chang-yong, the governor of the Bank of Korea, emphasized the importance of structural reform and underscored the need for political leadership. On the 14th, Governor Lee said at the 7th Global Engagement & Empowerment Forum held at Yonsei University’s Centennial Memorial Hall in Seodaemun-gu, S...
As the impeachment ruling against President Yoon Suk-yeol approaches, the Bank of Korea is intensively managing the country's credibility by conducting consecutive meetings with international credit rating agencies and global investment banks (IBs). Given the potential for a decline in national cred...
Lee Chang-yong, the governor of the Bank of Korea, emphasized that the country must address climate change and the issues of low birth rates and aging to achieve sustainable growth. Proposed measures include reorganizing the taxonomy system, realizing carbon emission rights pricing, fostering region...
