Hyundai Motor Group acquired SoftBank's 9.65% stake in Boston Dynamics for approximately $325 million, achieving full 100% ownership of the robotics company, while South Korean prosecutors investigated stock manipulation causing 1 trillion won in damages.
U.S. Federal Reserve held rates steady while signaling potential increases later this year, prompting South Korea's financial authorities to warn of tightening monetary policy ahead amid persistent inflation concerns and geopolitical uncertainties.
Bank of Korea signals rate hikes to curb inflation and ensure financial stability.
South Korea's central bank governor Shin signaled an imminent interest rate increase to combat inflation hitting a two-year high of 3.1%, driven by Middle East oil prices and expected to exceed the 2% target for an extended period.
South Korea's AI chip export boom, which surged 169 percent to record levels, is pushing its bond market toward rate hikes as trade surpluses swell, creating policy tightening across Asia's tech exporters amid broader economic implications for startups.
Korea's consumer inflation hits a 26-month high, fueling rate hike expectations.
KB Financial Group tests a South Korean won-denominated stablecoin for offline payments and remittances.
Koreans are playing an active role in the global economy, holding key posts in international organizations.
South Korea's new Bank of Korea Governor Shin Hyun-song signaled a potential shift toward rate hikes, citing mounting inflation risks from rising oil prices and Middle East tensions while adopting a cautious policy stance with expanded financial stability responsibilities.
BIS's Shin Hyun-song vs. IMF's Lee Chang-yong
South Korea's new Bank of Korea Governor Shin Hyun-song endorsed the K-dot plot forward guidance tool while the U.S. Federal Reserve nominee rejected forward guidance, highlighting divergent monetary policy communication philosophies between the two central banks.
South Korea's new central bank governor Shin Hyun-song adopted a cautious monetary policy stance Tuesday, citing Middle East conflict-driven oil price increases complicating inflation and growth outlooks, while expanding the BOK's financial stability role to monitor nonbank institutions and leverage real-time market signals.
New Bank of Korea Governor Shin Hyun-song pledged cautious, flexible monetary policy amid West Asia crisis uncertainties, maintaining the benchmark rate at 2.5 percent while addressing rising oil prices, inflation pressures, and financial market volatility.
Outgoing BOK chief stresses broader role of central bank in addressing long-term challenges
Korean won will gain against dollar when Iran conflict eases, says BOK chief.
South Korea's central bank held interest rates steady amid Iran-US tensions, with outgoing Governor Rhee expecting swift won stabilization once geopolitical risks ease, despite inflation and growth concerns.
Bank of Korea adopts data-dependent policy amid geopolitical uncertainty, while PayPay receives buy rating targeting $28 as Japan's digital payment shift accelerates, offsetting range-bound equity market concerns.
The US Federal Reserve's hawkish stance pressures South Korea's central bank to raise interest rates, potentially widening the rate differential and weakening the Korean won against the dollar amid persistent inflationary concerns.
South Korea's central bank raised growth and inflation forecasts as AI-driven semiconductor exports surge, creating monetary policy tension between supporting economic expansion and controlling price pressures amid geopolitical uncertainties.
Bank of Korea Governor Signals Readiness to Raise Rates as Inflation Risks Mount
Bank of Korea Governor Shin signals a rate increase to ensure price stability.
The Bank of Korea's expected rate hike is pressuring households and firms already struggling with rising borrowing costs.
South Korea's strong economic outlook masks key hurdles despite revised 2.6 percent growth forecast.
Bank of Korea Governor Shin Hyun-song attended the G7 finance ministers and central bank governors meeting as an invited guest, marking the first BOK governor participation in the historic gathering addressing global economic slowdown and financial volatility.
The Bank of Korea's deputy chief suggests considering interest rate hikes due to high inflation pressure.
South Korea's central bank is ready to turn hawkish, considering rate hikes due to high inflation pressure.
Korea's stronger-than-expected economic growth reduces expectations for rate cuts.
New BOK chief and finance minister vow to enhance policy coordination amid market volatility.
New BOK chief Shin Hyun-song diverges from his predecessor with a principle-based approach.
New Bank of Korea Governor Shin Hyun-song pledged cautious, flexible monetary policy amid Middle East crisis uncertainties, citing inflationary pressures, growth risks, and financial market volatility threatening economic stability and requiring reassessed policy frameworks.
Global economic momentum weakens amid Middle East conflict as U.S. industrial production falls 0.5%, Canadian real estate forecasts drop sharply, and inflation reaches 2.6% annually, while geopolitical uncertainty threatens growth prospects worldwide.
Raghuram Rajan, former RBI governor, endorsed Shin Hyun-song as Bank of Korea governor nominee, calling him a world-class economist with proven capabilities while dismissing concerns over his spouse's nationality issues.
South Korea's central bank maintained its 2.5% benchmark interest rate unchanged on Friday amid geopolitical tensions in Iran threatening to elevate inflation and constrain economic growth dependent on Middle Eastern energy supplies.
Bank of Korea adopts data-dependent stance amid geopolitical risks, U.S. and European markets face range-bound trading, and Jefferies initiates PayPay coverage with buy rating targeting twenty-eight dollars.
The US Fed's hawkish stance strengthens the case for a Bank of Korea rate hike in July.
Bank of Korea Governor signals rate hikes amid rising inflation concerns.
South Korea's central bank governor says interest rates will be raised on time to combat inflation.
BOK chief signals a rate hike to curb inflation pressure.
The government and BOK are intensifying FX monitoring amid the won's prolonged slump.
The Bank of Korea warns a Samsung strike could cut South Korea's growth by 0.5 percentage point this year.
Seoul apartment prices rose 0.28 percent, the steepest gain since January, testing the rate path.
South Korea's Bank of Korea senior deputy governor Ryoo Sang-dai signaled readiness to consider rate hikes, citing stronger-than-expected first-quarter economic growth of 1.7 percent and persistent inflation exceeding 2.2 percent, marking the first such hint from a monetary policy board member.
The Bank of Korea's deputy chief suggests considering interest rate hikes due to high inflation pressure and strong economic growth.
Korea's economy relies heavily on semiconductors, masking deeper structural weaknesses.
Prominent economist Shin Hyun-sung returns from the Bank for International Settlements to lead South Korea's central bank amid economic turmoil, including currency weakness and inflation pressures, signaling a cautious monetary policy approach.
South Korea's new central bank governor, Shin Hyun-song, pledged cautious and flexible monetary policy to address inflation and growth risks stemming from Middle East conflict-driven oil price increases and heightened financial market volatility.
New Bank of Korea Governor Shin Hyun-song pledged cautious, flexible monetary policy amid Middle East crisis uncertainties, maintaining the benchmark rate at 2.5 percent while addressing simultaneous inflation and growth pressures.
BOK governor nominee signals prolonged rate pause near neutral level.
Former RBI Governor Raghuram Rajan endorsed Shin Hyun-song as Bank of Korea governor nominee, calling him "a very wise choice" and dismissing family nationality controversy concerns as irrelevant to job performance qualifications.
Barclays expects South Korea's central bank to maintain a data-dependent, cautious approach at its April meeting amid geopolitical uncertainties, while U.S. and European markets face range-bound trading pressures from rising oil prices and inflation concerns, and Jefferies initiates PayPay coverage with a buy rating citing Japan's accelerating digital payment adoption.