South Korea
Bank of Korea to restrict foreign borrowing
The Bank of Korea is about to impose new restriction on the amount of foreign currency borrowing South Korean companies can undertake.
Korea raises rates to tame money growth
The Bank of Korea lifted raised interest rates by a quarter percentage point to 4.75% on 12 July. It was the first increase in Korean rates since August 2006.
Deputy chief of Korean watchdog cleared
Kim Jung-Hoe, a deputy chief of South Korea's financial regulator, the Financial Supervisory Service, has been cleared by a court of receiving bribes from a businessman.
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.
South Korea keeps key rate unchanged at 4.5%
The central bank of South Korea today decided to keep its key interest rate steady for the tenth month in succession, in an effort to boost economic recovery.
BOK says economy on modest growth track
The Bank of Korea left its key short-term rate unchanged at 4.5 percent on Thursday 12 April saying it expected the economy to maintain modest growth on recovering domestic consumption.
BOK running out of reserves
According to this article published by The Korea Times on Monday 26 February, the Bank of Korea is finding it increasingly difficult to boost its reserves as its losses grow.
BOK chief says reserves may go to overseas stocks
South Korea is considering investing part of its foreign reserves in overseas blue-chip stocks in an attempt to increase investment returns, Yonhap news agency cited the Bank of Korea chief as saying Thursday 8 February.
BOK targeting 2.5-3.5 percent inflation
The Bank of Korea aims to keep annual inflation between 2.5 percent and 3.5 percent for three years beginning this year, it said Monday 8 January.
BOK's Rhee says won to fall v dollar in 2007
South Korea's won ``has peaked'' according to a Bank of Korea official, and is poised to weaken versus the dollar in 2007.
BoK chief on financial supervision
In this speech, the governor of the Bank of Korea, Seong-tae Lee, suggests that financial reforms and stricter supervision standards ensured that the damage from the 2003 credit card crisis was minimal.
Korea raises reserve ratios
Korea's central bank will raise reserve requirements on short-term deposits by 40% next month, the governor, Lee Seong-tae, announced on Thursday.
BOK chief sees 2007 growth below 5 percent
Bank of Korea (BOK) governor Lee Seong-tae said Monday 23 October the country's economic growth will fall short of 5 percent next year due to the slowing global economy and sluggish domestic demand.
South Korea says has enough reserves if needed
South Korea has sufficient reserves to keep stability on the local currency market after North Korea said it tested a nuclear device on Monday 9 October, a senior central bank foreign exchange official told Reuters.
BOK apologises over driver, guards salaries
The Bank of Korea has apologized for giving high salaries to drivers and guards stationed at its headquarters and promised to streamline its organization, The Korea Herald reported Monday 2 October.
BOK chief says bond market closely monitored
Bank of Korea governor Lee Seongtae told a seminar Tuesday 26 September that the central bank is closely monitoring the bond market's movement, as its importance to the country's economy is growing.
Korea changes inflation target measure
Korea will target a new measure of inflation for 2007-2009, the central bank has said.
BOK governor warns of need for further tightening
Bank of Korea governor Lee Seong-tae said in a luncheon speech Tuesday 8 August that Korea should not be fettered by short-term growth figures.
BoK says inflation outweighs slowdown risk
Bank of Korea assistant governor Yeung-Kyun Rhee said Thursday 13 July that the current focus should be on inflation rather than growth in the South Korean economy.
BOK maintains hawkish stance
Bank of Korea governor Lee Seong-tae said on Monday 10 July that the central bank will take preemptive action to curb increased pressure on inflation.
Bank of Korea - Annual Report 2005
According to the Bank of Korea's Annual Report 2005, over the course of 2005, the Korean economy grew by 4.0 percent as the export growth rate slowed down owing to a base-period effect.
Korea's Seong-Tae Lee on monetary policy
In the speech 'Monetary policy in an environment of low inflation' given on 16 June Seong-Tae Lee of the Bank of Korea said the emergence of global low inflation is of course a welcome phenomenon for central banks, for whom price stability is the top…
New BOK deputy governor appointed
South Korea's president Roh Moo-hyun on Thursday 6 April appointed Lee Sung-il, CEO and president of the Seoul Money Brokerage Services, deputy governor of the Bank of Korea (BOK).
Korea to get 3 new BOK board members
With new Bank of Korea Governor Lee Seong-tae showing himself to be somewhat more hawkish than his predecessor, this article published Thursday 6 April says that the focus has now shifted to three other appointments to be announced to the policy-making…