#stabilization funds
Finance
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BOK to conduct repo operations this week to help ease credit crunch
SEOUL, March 23 (Yonhap) -- The Bank of Korea (BOK) on Monday said it will purchase an unspecified amount of local bonds this week to help prevent a possible liquidity crunch facing local brokerage... 15:44 Mar. 23 -
#savings banksSavings banks' profits jump up 15 pct in 2019
SEOUL, March 23 (Yonhap) -- Savings banks in South Korea enjoyed hefty profits last year due to a sharp rise in their interest income, data showed Monday. The combined net profit of 79 savings b... 12:00 Mar. 23 -
#stabilization fundsS. Korea to unveil measures to stabilize markets this week
SEOUL, March 23 (Yonhap) -- South Korea's financial authorities are expected to announce a set of measures this week to help stabilize financial markets roiled by the spread of the new coronavirus,... 09:59 Mar. 23 -
#derivatives securitiesDerivatives securities feared to lose money on sinking stock, oil prices
SEOUL, March 23 (Yonhap) -- South Korean investors in derivatives-tied securities could suffer big losses due to a global stock rout and plunging oil prices, industry sources said Monday. Sixtee... 09:58 Mar. 23 -
#editorials
(EDITORIAL from Korea Times on March 21)
Restoring calmness Currency deal with U.S. provides psychological boost South Korea has become one of nine countries that have signed currency swap agreements with the United States as the spread ... 09:18 Mar. 21 -
#coronavirusADB meeting in S. Korea postponed due to coronavirus
SEOUL, March 20 (Yonhap) -- South Korea and the Asian Development Bank (ADB) on Friday postponed the bank's annual meeting to September due to the coronavirus pandemic, the finance ministry said. ... 20:05 Mar. 20 -
#Woori FinancialCourt accepts injunction request by Woori Financial head against reprimand
SEOUL, March 20 (Yonhap) -- A Seoul court on Friday accepted an injunction request by the head of Woori Financial Group against the financial watchdog's reprimand over improper selling of derivativ... 19:24 Mar. 20 -
#currency swap(LEAD) Moon pledges strong steps to stabilize bond, stock markets
(ATTN: UPDATES with details from 7th para) SEOUL, March 20 (Yonhap) -- Emboldened by the establishment of a US$60 billion currency swap line with the United States, President Moon Jae-in said Frida... 14:38 Mar. 20 -
#currency swap
Moon pledges strong steps to stabilize bond, stock markets
SEOUL, March 20 (Yonhap) -- Emboldened by the establishment of a US$60 billion currency swap line with the United States, President Moon Jae-in said Friday his administration would take "powerful" ... 14:10 Mar. 20 -
#overseas investmentS. Korea's overseas direct investment up 21 pct in 2019
SEJONG, March 20 (Yonhap) -- South Korea's overseas direct investment rose 21 percent in 2019 from a year earlier due mainly to increased investment by financial and insurance companies, data showe... 12:00 Mar. 20 -
#bond market
S. Korea to create massive bond market stabilization fund
SEOUL, March 20 (Yonhap) -- South Korea's financial authorities and local banks agreed Friday to set up a bond market stabilization fund worth more than 10 trillion won (US$7.94 billion) as part of... 11:42 Mar. 20 -
#US currency swap(LEAD) U.S. currency swap deal to stabilize market: authorities
(ATTN: RECAST headline with BOK chief's comment, lead para; UPDATES with BOK chief's comments in 3-4 paras, won's rise in para 13; ADDS photo) SEOUL, March 20 (Yonhap) -- South Korea's currency swa... 09:53 Mar. 20 -
#US currency swapU.S. currency swap deal to stabilize market: vice minister
SEOUL, March 20 (Yonhap) -- South Korea's currency swap agreement with the United States will help stabilize the domestic foreign exchange market hit by the global financial turmoil, a ranking fina... 09:20 Mar. 20 -
#U.S. currency swap(LEAD) S. Korea, U.S. sign $60 bln currency swap deal
(ATTN: UPDATES with more details, additional information) SEOUL, March 19 (Yonhap) -- South Korea and the United States have signed a US$60 billion bilateral currency swap agreement, Seoul's centra... 22:36 Mar. 19 -
#U.S. currency swap
S. Korea, U.S. sign $60 bln currency swap deal
SEOUL, March 19 (Yonhap) -- South Korea and the United States have signed a US$60 billion bilateral currency swap agreement, Seoul's central bank said Thursday, a move expected to relieve liquidity... 22:17 Mar. 19 -
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#NPSPension fund to naysay appointment of some board members at banks, conglomerates
SEOUL, March 19 (Yonhap) -- South Korea's state pension fund will vote against the appointments of some board members at banks and major companies during shareholder meetings as they are not qualif... 18:02 Mar. 19 -
#Moon Jae-in(3rd LD) S. Korea rolls out 50 tln won financial aid package for virus-hit small businesses
(ATTN: MODIFIES headline, 2nd para; UPDATES with press briefing in last 5 paras) By Lee Chi-dong SEOUL, March 19 (Yonhap) -- President Moon Jae-in made public a major small business rescue package ... 16:46 Mar. 19 -
#credit crunch(LEAD) BOK to purchase 1.5 tln won in bonds as market stabilization step
(ATTN: RECASTS headline, lead paras with reports of planned bond purchase by BOK; UPDATES with additional information in paras 8-12) SEOUL, March 19 (Yonhap) -- The Bank of Korea (BOK) on Thursday ... 15:21 Mar. 19
News Focus
Market
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BOK again faces rate cut pressure on new coronavirus risk
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BOK to keep policy rate steady amid signs of recovery
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Wealth management service increasingly popular in S. Korea
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4 
BOK tipped to continue monetary easing, at least another rate cut in offing
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5 
BOK to be on hold this time, but possible rate cut ahead
