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BOK Expected to Deliver 4 More Rate Hikes by Year’s End amid Inflation Woes: JP Morgan

BOK Expected to Deliver 4 More Rate Hikes by Year’s End amid Inflation Woes: JP Morgan

SEOUL, May 4 (Korea Bizwire) — South Korea’s central bank is expected to hike its key interest rate four more times by year’s end considering its hawkish stance shown in the minutes of its latest rate-setting meeting, global investment bank JP Morgan said Wednesday. On Tuesday, the Bank of Korea (BOK) disclosed the minutes of [...]

Use of Robots Results in ‘Meaningful’ Decline in Human Labor Demand in Manufacturing: BOK Report

Use of Robots Results in ‘Meaningful’ Decline in Human Labor Demand in Manufacturing: BOK Report

SEOUL, Dec. 15 (Korea Bizwire) — Expanded use of robots has resulted in a “meaningful” decline in demand for human labor in the manufacturing industry while replacing mostly “routine” and “repetitive” jobs, a central bank report said Wednesday. The Bank of Korea’s report was based on data related to introduction of robots in industries and [...]