The Bank of Korea (BOK) is expected to slow down the pace of its monetary easing as the U.S. Federal Reserve pauses rate cuts ...

The Bank of Korea is upping its support program for small businesses and the self-employed to 14 trillion won amid economic ...

Acting President and finance minister Choi Sang-mok has assessed that external uncertainties remain high surrounding the new U.S. government's monetary and foreign ...

"External uncertainties remain high on the new U.S. government's policy and external policy measures. Each agency needs to ...

SEOUL, Jan. 30 (Yonhap) -- The number of bank branches fell for the sixth year in a row in 2024 in line with the popularity ...

The Bank of Korea (BOK) will extend the temporary special aid program to 14 trillion won (US$9.78 billion) from the current 9 ...

South Korean prosecutors charged President Yoon Suk Yeol for his failed attempt last month to place the country under martial ...

Banks are actively lowering loan rates. As financial authorities warned that 'it is time to lower loan rates,' and the ...

The Korean currency is strengthening against the dollar, boosted by U.S. President Donald Trump’s comments on the need for a ...

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SEOUL, Jan. 24 (Yonhap) -- The Bank of Korea (BOK) said Friday it has issued a greater value of fresh banknotes for this year's Lunar New Year holiday than a year earlier.

Banks' lending rate for corporate loans shed 0.14 percentage point to 4.62 percent in December. Their lending rate on household loans also inched down 0.07 percentage point to 4.72 percent on average ...