#current account
Finance
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#FX reservesS. Korea's FX reserves climb to 3-month high in May
SEOUL, June 3 (Yonhap) -- South Korea's foreign exchange (FX) reserves jumped to a three-month high in May, helped by the weakening of the U.S. dollar, central bank data showed Wednesday. The co... 06:00 Jun. 03 -
#corporate loansS. Korea's corporate loans rise at over decade high rate in Q1
SEOUL, June 2 (Yonhap) -- Loans extended to companies in South Korea jumped at the fastest rate in more than 10 years in the first quarter, central bank data showed Tuesday, apparently on a rise in... 12:00 Jun. 02 -
#bad loansBanks' bad loan ratio up in Q1
SEOUL, June 2 (Yonhap) -- South Korean banks' bad loan ratio edged up in the first quarter from the previous quarter due in part to a hike in soured household loans, data showed Tuesday. The rat... 12:00 Jun. 02 -
#GDP(4th LD) Korea's Q1 growth revised up, but further contraction in store in Q2
(ATTN: RECASTS headline, lead; UPDATES with additional information, remarks in paras 5-6) By Byun Duk-kun SEOUL, June 2 (Yonhap) -- South Korea's economy shrank at a slightly less-than-expected rat... 10:50 Jun. 02 -
#banksBanks' SME lending grows faster than usual in May
SEOUL, June 2 (Yonhap) -- Banks' lending to smaller firms grew at a faster pace than usual in May due to the economic fallout from the coronavirus pandemic, sources said Tuesday. The five major ... 08:57 Jun. 02 -
#GDP
(3rd LD) S. Korea's Q1 growth revised up but still lowest in over decade
(ATTN: CHANGES headline, lead; RECASTS paras 6-8 to correct figures; UPDATES with more details in paras 9-10) By Byun Duk-kun SEOUL, June 2 (Yonhap) -- South Korea's economy shrank at a slightly le... 08:54 Jun. 02 -
#GDP
(2nd LD) S. Korea's economy shrinks at less-than-expected rate of 1.3 pct in Q1
(ATTN: UPDATES with reports of final figures for 2018, preliminary data for 2019 in last 3 paras) By Byun Duk-kun SEOUL, June 2 (Yonhap) -- South Korea's economy shrank at a slightly less-than-expe... 08:20 Jun. 02 -
#GDP
(LEAD) S. Korea's economy shrinks at less-than-expected rate of 1.3 pct in Q1
(ATTN: UPDATES with more details, additional information, background from 5th para) By Byun Duk-kun SEOUL, June 2 (Yonhap) -- South Korea's economy shrank at a slightly less-than-expected rate in t... 08:01 Jun. 02 -
#GDP
S. Korea's economy shrinks at less-than-expected rate of 1.3 pct in Q1
SEOUL, June 2 (Yonhap) -- South Korea's economy shrank at a slightly less-than-expected rate in the first quarter, central bank data showed Tuesday, but the reading still marked the sharpest on-qua... 08:00 Jun. 02 -
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#Hanjin KAL-bond issuanceParent firm to issue 300 bln won BWs to join Korean Air's rights issue
SEOUL, June 1 (Yonhap) -- Hanjin KAL Corp., the parent firm of Korean Air Lines Co., said Monday it will issue 300 billion won (US$240 million) worth of bonds with warrant (BWs), mainly to particip... 19:19 Jun. 01 -
#foreign securitiesInstitutions' investment in foreign securities down in Q1
SEOUL, June 1 (Yonhap) -- South Korean institutions' investment in foreign securities dropped in the first quarter, central bank data showed Monday, partly due to a market slump caused by the COVID... 12:00 Jun. 01 -
#floating capitalAmount of idle money in S. Korea hits record high
SEOUL, May 31 (Yonhap) -- The volume of short-term floating capital in South Korea hit an all-time high of more than 1,100 trillion won (US$888 billion) amid low interest rates and increased uncert... 14:25 May. 31 -
#private equity fundsPrivate equity fund-led deals hit record high in 2019
SEOUL, May 31 (Yonhap) -- Investment deals by South Korea's private equity funds hit a record high in 2019, but their investments were still centered on local firms, government data showed Sunday. ... 12:00 May. 31 -
#credit cardS. Koreans held 3.9 credit cards on average in 2019: data
SEOUL, May 31 (Yonhap) -- South Korean held 3.9 credit cards on average last year, data showed Sunday, as credit card holdings in the country continue to increase as more people use credit cards as... 09:39 May. 31 -
#Hyundai HeavyKDB, others extend 480 bln-won green loan to Hyundai Heavy
SEOUL, May 29 (Yonhap) -- South Korean state-run lender KDB said Friday that it and other financial institutions have provided 480 billion won (US$388 million) in loans to Hyundai Heavy Industries ... 16:52 May. 29 -
#BOK(4th LD) BOK trims key rate to record low amid grim growth outlook
(ATTN: UPDATES with reports of BOK growth estimates based on different case scenarios regarding the COVID-19 pandemic in paras 10-13) By Byun Duk-kun SEOUL, May 28 (Yonhap) -- South Korea's central... 14:09 May. 28 -
#growth outlook(3rd LD) BOK expects economy to contract this year due to virus fallout
(ATTN: UPDATES with more details in paras 10-11, 15-16, 20-21; ADDS more photos) By Byun Duk-kun SEOUL, May 28 (Yonhap) -- The Bank of Korea (BOK) on Thursday sharply slashed its growth outlook for... 13:57 May. 28
News Focus
Market
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1 
BOK's rate cut in the offing, but 'when' still being debated
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2 
BOK again faces rate cut pressure on new coronavirus risk
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3 
BOK to keep policy rate steady amid signs of recovery
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4 
Wealth management service increasingly popular in S. Korea
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5 
BOK tipped to continue monetary easing, at least another rate cut in offing
