South Korea

Seoul moves to stem won slide

The Bank of Korea and ministry of finance issued a joint statement on Monday declaring their intention to intervene to prevent further falls in the foreign exchange market.

Korean SWF could buy Lehman stake

Korea's sovereign wealth fund is one of a number of the country's official institutions that could inject funds into Lehman Brothers, an investment bank, it was revealed on Thursday.

Bank of Korea admits to monetary policy problems

Lee Seong-tae, governor of Bank of Korea, said the central bank has problems in carrying out monetary policy effectively because of cross-border capital transactions that lead to increases in the money supply in spite of rises in key interest rates.

Ryback moves to Korean regulator

William Ryback, the former deputy chief executive of the Hong Kong Monetary Authority, is to join the Financial Supervisory Service (FSS), Korea's market regulator.

Korea's CPI rises 2.5% in a year

South Korea's consumer price index (CPI) rose to within the central bank's inflation target in June, according to preliminary figures from the country's National Statistical Office.

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