SEOUL, Sept. 21 (Korea Bizwire) — South Korea said Thursday that the Federal Reserve’s decision to trim its balance sheet is likely to have a limited impact on Asia’s fourth-largest economy. “I don’t think the Fed’s decision will have a big impact on the domestic financial markets,” Bank of Korea Gov. Lee Ju-yeol told reporters [...]
SEJONG, Dec. 15 (Korea Bizwire) – South Korea will take firm and resolute action to stabilize the local financial markets to prevent any fallout from the latest U.S. rate hike, the government said Thursday. Earlier in the day, the U.S. Federal Reserve raised its key interest rate by a quarter of a percentage point to [...]
“I do believe there exists the lowest limit for the nominal interest rate, but we cannot say the current rate has reached such a limit. Kore may need to further reduce the key rate depending on how the global economic condition develops in the future.” “I only said the key rate has not reached the [...]
“The rate cut and the expansion of the loan facility cap (for smaller firms) were based on the judgment that growth and inflation is likely to significantly underperform the expected course. We judged that there is a need to implement additional measures before forecasts are released in order to strengthen growth momentum and ultimately expand [...]
SEOUL, Mar. 2 (Korea Bizwire) — Foreign investors turned net buyers of Korean stocks in February, snapping a two-month selling streak on the back of easing uncertainties in Greece and the U.S. central bank’s flexible stance on an interest rate hike, the Seoul bourse operator said Monday. Offshore traders bought a net 1.32 trillion won [...]