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Inter-Korean Military Tension to Affect Limited Impact on Financial Market

Inter-Korean Military Tension to Affect Limited Impact on Financial Market

“North Korea’s attack should have little impact on the country’s financial sector, although downside risks associated with the United States raising its key interest rates and uncertainties coming out of China need to be checked. The government is ready to respond proactively to all uncertainties.” “There was a strengthening of the U.S. dollar compared with [...]

Investors Focus on Hybrid Funds for Higher Yields amid Low Interest Rates

Investors Focus on Hybrid Funds for Higher Yields amid Low Interest Rates

SEOUL, Aug. 18 (Korea Bizwire) — Hybrid funds with a mixed portfolio of stocks and bonds have been absorbing money as investors prefer relatively safe vehicles with higher yields over fixed deposits that offer record-low interest payments, data showed Tuesday. Investors have added a net 4.23 trillion won (US$3.58 billion) into the hybrid funds as [...]

Koreans Cut Back Cash Gifts, Donations amid Sluggish Economy

Koreans Cut Back Cash Gifts, Donations amid Sluggish Economy

SEJONG, June 12 (Korea Bizwire) — South Koreans are cutting back on their cash gifts and donations as the economy remains sluggish, government data showed Friday. According to the data by Statistics Korea, transfer spending that includes cash given as wedding and condolence gifts fell in the first quarter after backtracking in the October-December period. [...]

Korea’s Central Bank Cuts Key Rate to Record Low 1.5 Pct amid MERS Fear

Korea’s Central Bank Cuts Key Rate to Record Low 1.5 Pct amid MERS Fear

SEOUL, June 11 (Korea Bizwire) — South Korea’s central bank on Thursday lowered the base rate to a record low of 1.5 percent amid growing concerns the country’s first-ever outbreak of Middle East Respiratory Syndrome (MERS) will likely dent growth and consumption. In the monthly rate-setting meeting, the Monetary Policy Committee of the Bank of Korea (BOK) [...]