Kwanwoo Jun

1 week ago | tradingview.com | Kwanwoo Jun

By Kwanwoo JunSouth Korea's gross domestic product growth in 2025 is set to miss the central bank's earlier forecast of 1.5%, Bank of Korea Gov. Rhee Chang-yong said. Rhee declined to give new growth projections but said Thursday that the BOK will lower its GDP growth forecast in May. The BOK said downside risks to growth have increased due to sluggish economic activity during the first quarter amid the political crisis sparked by the country's impeached president.

1 week ago | tradingview.com | Kwanwoo Jun

By Kwanwoo JunSouth Korea's central bank held interest rates steady in April, taking a widely anticipated breather as it gauges how best to support an economy facing a severe hit from U.S. tariffs. The Bank of Korea kept its benchmark seven-day repurchase rate unchanged at 2.75% on Thursday, pausing its easing cycle after making cuts in February this year, and in October and November of 2024.

1 week ago | wsj.com | Kwanwoo Jun

Updated April 16, 2025 10:02 pm ET|WSJ ProSouth Korea’s central bank held interest rates steady in April, taking a widely anticipated breather as it gauges how best to support an economy facing a severe hit from U.S. tariffs. The Bank of Korea kept its benchmark seven-day repurchase rate unchanged at 2.75% on Thursday, pausing its easing cycle after making cuts in February this year, and in October and November of 2024. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved.

1 week ago | wsj.com | Kwanwoo Jun

April 15, 2025 1:51 am ETSouth Korea’s government is planning to increase support for chip makers to around $23 billion, proposing a bigger-than-expected supplementary budget that will also dial up financial aid for the broader economy and wildfire disaster relief. The proposal would boost the supplementary budget to around 12 trillion won, equivalent to $8.45 billion, or 2 trillion won more than initially planned, Finance Minister Choi Sang-mok said Tuesday.

1 week ago | wsj.com | Kwanwoo Jun

South Korea’s government is planning to increase support for chip makers to around $23 billion, proposing a bigger-than-expected supplementary budget that will also dial up financial aid for the broader economy and wildfire disaster relief. The proposal would boost the supplementary budget to around 12 trillion won, equivalent to $8.45 billion, or 2 trillion won more than initially planned, Finance Minister Choi Sang-mok said Tuesday.