Browsing: Bank of Korea

SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers…

MENA Newswire, SEOUL: South Korea’s consumer inflation eased to 2.0% in January from 2.3% in December, as measured by the consumer price index, government…

Electronic payments in Korea reached a new record in 2024, signaling growing consumer adoption of contact-free financial transactions.

South Korea’s foreign reserves increased slightly in December but fell to their lowest year-end level in five years, reflecting currency volatility, according to the Bank of Korea.

Asian markets mixed as China stocks drop on weaker manufacturing, while Singapore’s GDP grew 4% in 2024, reflecting economic resilience amid global uncertainties and trade pressures.

South Koreans maintained $5.18 billion in overseas card spending in Q2, with rising online purchases balancing a decline in travel.

Government data showed Wednesday that South Korea’s external debt increased by $32.1 billion from a year earlier. According to the…