Hooyeon Kim

Dec 15, 2024 | bloomberg.com | Youkyung Lee |Hooyeon Kim

South Korea’s currency and its stock market will take center stage on Monday, as investors respond to a weekend vote to impeach President Yoon Suk Yeol following his attempt to impose martial law. The Korean won will be the main focus for traders, after its heavy losses during the country’s recent political chaos. The currency has lost more than 2% against the greenback since President Yoon stunned markets on Dec. 3 by imposing — and quickly reversing — martial law.

Dec 14, 2024 | bloomberg.com | Hooyeon Kim |Sohee Kim

South Korea’s central bank vowed to stabilize financial markets and highlighted the importance of “uninterrupted implementation” of key fiscal and economic measures, in its first statement since lawmakers voted to impeach President Yoon Suk Yeol.

Dec 10, 2024 | bloomberg.com | Hooyeon Kim |Jaehyun Eom

The Bank of Korea stepped up injections of cash into the financial market as it vowed “unlimited liquidity” in the wake of a flare-up in political turmoil. The central bank added 14.1 trillion won ($9.8 billion) last week via so-called repurchase operations, according to its website. That compares with 18.5 trillion won of such operations throughout November, and just 1.5 trillion won in October.

Dec 10, 2024 | ca.finance.yahoo.com | Hooyeon Kim |Jaehyun Eom

(Bloomberg) -- The Bank of Korea stepped up injections of cash into the financial market as it vowed “unlimited liquidity” in the wake of a flare-up in political turmoil. The central bank added 14.1 trillion won ($9.8 billion) last week via so-called repurchase operations, according to its website. That compares with 18.5 trillion won of such operations throughout November, and just 1.5 trillion won in October.

Dec 8, 2024 | bnd.com | Hooyeon Kim |Shinhye Kang

In this handout image provided by the South Korean Presidential Office, South Korean President Yoon Suk-Yeol speaks during the declaration of emergency martial law at the Presidential Office on Tuesday, Dec. 3, 2024, in Seoul, South Korea.