Bank of Korea Archives | Be Korea-savvy
Banks’ Foreign Currency Deposits Rise in July

Banks’ Foreign Currency Deposits Rise in July

SEOUL, Aug. 17 (Korea Bizwire) – Foreign currency deposits held by banks operating in South Korea rose in July from a month earlier as exporters increased their deposits of dollar-denominated earnings, central bank data showed Thursday. Outstanding foreign currency deposits held by local lenders, domestic and foreign, reached US$69.11 billion in July, up $5.5 billion [...]

Ageing Population to Reshape South Korean Industry, Report Says

Ageing Population to Reshape South Korean Industry, Report Says

SEOUL, Aug. 3 (Korea Bizwire) — A new report has claimed South Korea’s ageing population will reshape the landscape of the country’s industry. The report from the Bank of Korea (BOK) released on Wednesday discusses the relationship between an ageing population and industrial structure, welfare and the healthcare service industry. In the report, Kang Jong-gu, the [...]

Aging Population Likely to Cut S. Korea’s Overseas Equities Investment

Aging Population Likely to Cut S. Korea’s Overseas Equities Investment

SEOUL, Jul. 26 (Korea Bizwire) — South Korea’s rapidly aging population is likely to reduce the nation’s overseas equities investment as seniors will likely move to sell assets due to falling living standards, researchers at the Bank of Korea (BOK) said Wednesday. As the global financial markets become more interconnected, older people will have a [...]

South Korea Has Lowest Out-of-Wedlock Birth Rate Among OECD Countries

South Korea Has Lowest Out-of-Wedlock Birth Rate Among OECD Countries

SEOUL, July 10 (Korea Bizwire) – According to data released by the OECD and the Bank of Korea, South Korea has the lowest out-of-wedlock birth rate among OECD member countries. The findings, which should not come as a surprise to those who know South Korea well, are in line with the country’s anemic birth rate [...]

S. Korea Has Fewest Out-of-wedlock Births among OECD States

S. Korea Has Fewest Out-of-wedlock Births among OECD States

SEOUL, Jul. 9 (Korea Bizwire) — South Korea has the fewest out-of-wedlock childbirths among developed market economies with high income, a central bank report said Sunday. The result of the Organization for Economic Cooperation and Development (OECD) findings were due to the country’s deep-rooted sentiment against having a child out of marriage, the Bank of [...]