Bank for International Settlements Archives

Real Value of Korean Won Highest in 7 Years

SEJONG, May 21 (Korea Bizwire) — The real value of the South Korean won against other key currencies hit an over seven-year high in April, data showed Thursday, in a negative development for the country’s exports. The real effective exchange rate (REER) of the South Korean won stood at 115.34 points last month, the highest level [...]

Korea’s Housing Prices Stuck at Standstill

SEOUL, Aug. 8 (Korea Bizwire) – During the past couple of years, the housing prices skyrocketed in major countries thanks to the global booming of the real estate market, but that of Korea is running on the spot untouched by the boom. According to a report from the Bank for International Settlements (BIS), as of March [...]