Lee Ju-yeol Archives | Be Korea-savvy
Rate Freeze Mirrors S. Korea’s Improving Fundamentals

Rate Freeze Mirrors S. Korea’s Improving Fundamentals

SEOUL, May 26 (Korea Bizwire) — South Korea’s interest rate freeze is seen as reflecting its improving economic fundamentals and the central bank’s stance to size up the effect of the new government’s economic policy on growth. As widely expected, the Bank of Korea (BOK) held the country’s benchmark interest rate at a record low [...]

BOK Governor Pledged to Keep Accommodative Monetary Policy

BOK Governor Pledged to Keep Accommodative Monetary Policy

“(The BOK) will likely proceed in the direction of sustaining its accommodative stance as it is difficult to be positive about domestic economic recovery. Policy circumstances may rapidly change due to factors such as a possible U.S. rate hike, but there is a need to be prudent in adjusting the stance of the monetary policy [...]

BOK Chief Says Economy Gaining Traction

BOK Chief Says Economy Gaining Traction

SEOUL, April 28 (Korea Bizwire) – South Korea’s top central bank said Tuesday the country’s economic recovery is gaining momentum despite external risks but stressed that structural reform is necessary for long-term growth. Bank of Korea (BOK) data released last week showed that the country’s gross domestic product (GDP) grew 0.8 percent on-quarter in the first three [...]

[Quote] Korean Economy Is Not Mired in Deflation, Says BOK Governor

[Quote] Korean Economy Is Not Mired in Deflation, Says BOK Governor

“Technically speaking, Korean economy is not deemed to have entered deflation. Although consumer prices have continued to stay in the meager 1-percent range for nearly two years, this trend is largely caused by supply factors such as downward prices of agricultural products and global energy goods. The underlying inflation which indicates basic price pressure in terms [...]