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Tag : Bank of Korea

(Author: Kaflan) Bank of Korea revised down forecast of South Korea's growth in 2016 from 3.3 percent to 3.2 percent. Investment banks and economic research agencies overseas predict growth will slide upper 2 percent next year.

Nov 18, 2015 PM EST - Diana Tomale

Investment Banks And Economic Resarch Agencies Overseas Forecast South Korea's Growth In 2016

Global investment banks and economic research agencies predict South Korea's growth will slide down upper 2 percent next year, which is evidently lower than BOK's prediction of 3.2 percent.

 Shipping containers at South Korea's BNCT Co. container terminal at Busan New Port | By: Bloomberg | Getty Images

Nov 10, 2015 PM EST - Czarelli Tuason

South Korea’s Export Price Index Drops By 3.5 Percent

As the local currency of South Korea becomes stronger against the U.S. dollar, the export price index of the nation hits its largest decline in October since January at 82.12.

(Author: Kaflan) Bank of Korea reveals that the number of

Oct 23, 2015 PM EDT - Diana Tomale

"Zombie Companies" Unable To Generate Sufficient Revenue To Pay Tax And Interest Dues Exceed 3,000 Over The Past Five Years

"Zombie companies" in South Korea continues to increase and exceeded 3,000 over the past five years, according to Bank of Korea.

(Author: Kaflan) South Korea's economic growth accelerates in the third quarter after an increase of 1.2 percent, according to data released by Bank of Korea.

Oct 23, 2015 PM EDT - Diana Tomale

South Korea's GDP Grows At Its Fastest Pace In Five Years After An Increase Of 1.2 Percent In Third Quarter

South Korea's economy accelerates at its fastest rate in five years after an increase of 1.2 percent was recorded in the third quarter of 2015.

Container terminal at Busan Port (Photo by Chung Sung Jun/Getty Images News)

Oct 21, 2015 PM EDT - Czarelli Tuason

A Slow Global Demand Puts South Korea’s Exports At 8.3 Percent Decline

With China's 25-year low economic growth and slow shipping demand, as well as the recent MERS outbreak in South Korea, exports in South Korea have decreased by 8.3 percent from the previous year.

Magnifying glass and a descending line graph | By: Adam Gault | Getty Images

Sep 25, 2015 AM EDT - Czarelli Tuason

The Bank Of Korea Reports Declining Sales In Over 3,000 Companies For Q2 Amid Weak Exports And Falling Commodities Prices

The Bank of Korea reported on Tuesday a decline of 4.3 percent in market sales of over 3,000 companies, small and big.

Korean won | By: Anthony Bradshaw | Getty Images

Sep 09, 2015 AM EDT - Czarelli Tuason

Tesco’s Sale Of ‘Homeplus’ Could Be Causing The Won-Dollar Exchange Rate to Crash, Observes Some Economists

The won-dollar exchange rate closes on Monday at 1,203.70, another big drop since closing at 1,204 in July 2010.

South Korean won | By: TongRo | Getty Images

Sep 05, 2015 AM EDT - Czarelli Tuason

South Korea's National Income Drops For The First Time In 4.5 Years

The national income of South Korea drops 0.1 percent, a first in the last 4 and a half years.

MERS outbreak affects the economic growth of South Korea.

Aug 29, 2015 AM EDT - Diana Tomale

Job Creation to Boost S. Korea's Economy

BOK member said on Wednesday that opening more job opportunities will help South Korea boost its economy.

 residential properties by Han River

Aug 13, 2015 AM EDT - Dana Marie

Korea Experiences the Effect of Low Mortgage Rates – Rising Household Debt

For the first time, since data on loans have been compiled, South Korea’s household debt has exceeded 600 trillion won ($512 billion). Despite the government’s efforts to control borrowing, the total amount has continued to rise.

Cyber Terror Response Center

Aug 10, 2015 PM EDT - Dana Marie

The Increasing Popularity of Mobile Devices for Financial Transactions

The past year has seen an increase in banking and other financial transactions done through mobile devices.

iris recognition technology

Aug 06, 2015 AM EDT - Dana Marie

South Korea’s Finance Industry Promises Better Security through Iris Recognition

Making online purchases or withdrawing money from an ATM in South Korea will be more secure in the future with the introduction of iris recognition systems.

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