Tag: Rates

Rates

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Electronic boards at Hana Bank in central Seoul show the Kospi and the won-dollar exchange rate on Sept. 22. The won almost broke 1,400 against the greenback as the dollar strengthened on a hawkish U.S. Federal Reserve stance, while Britain's budget deficit came in significantly higher than the forecast. [YONHAP]

Won nearly hits 1,400 to the dollar as U.S. trade talks stall

The Korean won nearly broke the 1,400 threshold against the dollar on Monday, weighed down by stalled Korea-U.S. trade negotiations and a stronger dollar driven by Britain's budget deficit coming in significantly higher than expected.

2025.9.22

Gold bars on display at a jewelry shop in Jongno District, central Seoul, are seen on Sept. 7. [YONHAP]

Rate-cut hopes push gold past $3,600 for first time

International gold prices have soared to record highs above $3,600 an ounce, driven by expectations of U.S. rate cuts, persistent inflation and increased demand amid financial instability.

2025.9.9

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Bank of Korea (BOK) Gov. Rhee Chang-yong speaks at a Monetary Policy Committee meeting at the central bank in Jung District, central Seoul, on April 17. [JOINT PRESS CORPS]

Bank of Korea keeps key interest rate unchanged amid won volatility, U.S. tariff tensions

The Bank of Korea (BOK) held its benchmark interest rate unchanged at 2.75 percent on Thursday, signaling a cautious stance as tensions escalate in the U.S.-China trade war.

2025.4.17

Finance Minister Choi Sang-mok speaks during an emergency macroeconomic meeting in Seoul on Thursday. [YONHAP]

Finance minister vows caution over myriad of global uncertainties

Korea’s finance minister pledged to stay vigilant on growing uncertainties in the country’s economy and financial markets as the timing of interest rate cuts in key countries remains uncertain.

2024.2.1

Stickers for high-rate loans are displayed on buildings in Seoul on Monday. The amount of outstanding revolving credit from credit cards reached an all-time high last month amid prolonged economic downturn. Outstanding amount of revolving credits reached 7.5 trillion won in November, an increase of 41.8 billion won from the previous month’s 7.4 trillion won, the Credit Finance Association said Sunday. That figure is the highest recorded since the association started compiling such data in November 2021. [NEWS1]

Deep debt

Stickers for high-rate loans are displayed on buildings in Seoul on Sunday. The amount of outstanding revolving credit from credit cards reached an all-time high last month amid prolonged economic

2023.12.25

The brutal history of Kepco CEOs

If power rates remain under political sway, the sad legacy of Kepco will continue no matter who replaces Chung.

2023.5.16

Preparing for more black swans

What we can do is to keep our eyes wide open on the looming crisis. People must not be sacrificed and pained by the politicians who are busy fighting among themselves.

2022.10.25