monetary policy Archives | Be Korea-savvy
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 [...]

Local Manufacturers Suffer from Rising Won Value, FKI Reports

Local Manufacturers Suffer from Rising Won Value, FKI Reports

SEOUL, May 13 (Korea Bizwire) – According to a recent survey by the Federation of Korean Industries, the ongoing appreciation of the Korean won is undermining the profitability of Korean exporters. The FKI survey on 120 large manufacturers in Korea revealed that the break-even exchange rate for local manufacturers was 1,052.30 won per the U.S. [...]

Korean Economy Slowest among Asian Economic Powerhouses

Korean Economy Slowest among Asian Economic Powerhouses

SEOUL, Korea, April 7 (Korea Bizwire) – Although the Korean economy is expected to make a long-awaited recovery this year, its growth rate is estimated to be much lower than those of Asian major economies. According to the Asian Development Bank, Korea’s economy is expected to grow 3.7 percent this year, nearly one percentage point [...]