-
1 week ago | 
gurutrade.com | Cynthia Kim |Shri Navaratnam
BOK signals rate cut in May and year ahead amid U.S. tariff risks
Governor highlights economic uncertainties, board's openness to rate cuts
Finance Minister warns of growth risks, plans extra budget spending
SEOUL, April 17 (Reuters) - South Korea's central bank on Thursday signalled it would cut rates in May and left the door wide open to further monetary easing to cope with "significant" risks to the economy from U.S. President Donald Trump's sweeping tariff policy.
-
Jan 10, 2025 | 
marketscreener.com | Cynthia Kim
SEOUL (Reuters) - Two weeks after becoming South Korea's second acting president, Choi Sang-mok faces not only the task of steering a shaky economy and rebuilding confidence among global allies but simply staying in his job amid the worst political crisis in decades.
-
Dec 9, 2024 | 
marketscreener.com | Ju-min Park |Hyunjoo Jin |Cynthia Kim |Joyce Lee
SEOUL (Reuters) - From trade and diplomacy to markets and budgets, South Korea struggled to contain the fallout from the president's brief but shocking martial law attempt last week, just as the country navigates an uncertain future with its ally the United States.
-
Dec 5, 2024 | 
businesslive.co.za | Hyonhee Shin |Cynthia Kim |Ju-min Park |Hyunjoo Jin
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers. Protesters take part in a demonstration against the South Korean president on December 5 2024 in Seoul, South Korea. Picture: EZRA ACAYAN/GETTY IMAGES Seoul — At his confirmation hearing three months ago, South Korea’s defence minister Kim Yong-hyun rejected accusations from the opposition that he wanted to impose martial law.
-
Dec 5, 2024 | 
gurutrade.com | Cynthia Kim |Joyce Lee |Leslie Adler
SEOUL, Dec 5 (Reuters) - South Korea's Finance Ministry said on Thursday that the government will activate 40 trillion won ($28.35 billion) worth of market stabilization fund, after President Yoon Suk Yeol's lifting of a martial law declaration affected financial markets.
-
Dec 4, 2024 | 
malaya.com.ph | Cynthia Kim
- Advertisement -By Cynthia KimSEOUL- South Korea’s finance ministry said on Wednesday it was ready to deploy “unlimited” liquidity into financial markets after President Yoon Suk Yeol lifted a martial law declaration he imposed overnight that pushed the won to multi-year lows.
-
Dec 4, 2024 | 
ca.marketscreener.com | Hyonhee Shin |Cynthia Kim |Ju-min Park |Hyunjoo Jin
SEOUL (Reuters) - At his confirmation hearing three months ago, South Korea's defence minister Kim Yong-hyun rejected accusations from the opposition that he wanted to impose martial law. It was, the conservative hardliner said, political propaganda.
-
Dec 3, 2024 | 
marketscreener.com | Cynthia Kim
SEOUL (Reuters) - South Korea's finance minister said on Wednesday the government would deploy all possible measures to stabilize financial markets if needed after President Yoon Suk Yeol declared martial law in an emergency national address. "We will mobilize all possible financial and foreign exchange market stabilization measures, including unlimited liquidity injections," Choi Sang-mok said in an emergency meeting with top economic officials in Seoul.
-
Dec 3, 2024 | 
gazette.com | Cynthia Kim
By Cynthia KimSEOUL (Reuters) -South Korea's finance ministry said on Wednesday it was ready to deploy "unlimited" liquidity into financial markets after President Yoon Suk Yeol lifted a martial law declaration he imposed overnight that pushed the won to multi-year lows.
-
Nov 28, 2024 | 
malaya.com.ph | Cynthia Kim
- Advertisement -By Cynthia KimSEOUL- South Korea’s central bank delivered a surprise interest rate cut on Thursday and signaled more to come, as economic growth faltered and policymakers turned a wary eye to trade risks from a second Donald Trump presidency. The Bank of Korea cut benchmark interest rates for a second straight meeting to 3.00 percent, an outcome only four of 38 economists polled by Reuters foresaw. The bank’s seven-member board voted five-two for the cut.
