Sam Kim

Dec 11, 2024 | bnnbloomberg.ca | Sam Kim |Katia Dmitrieva

(Bloomberg) -- South Korea is facing greater downside economic risks as it tries to mitigate the impact on its currency of the turmoil triggered by last week’s martial law declaration, its finance minister said Wednesday. “Downside risks are increasingly growing,” Finance Minister Choi Sang-mok said at a National Assembly hearing.

Dec 4, 2024 | financialpost.com | Sam Kim

(Bloomberg) — South Korean policymakers urged calm in financial markets a day after a martial-law row that stunned the nation, renewing their pledge to take all possible steps to rein in volatility that could still increase ahead of Donald Trump’s return to power next month.

Dec 3, 2024 | bnnbloomberg.ca | Sam Kim

(Bloomberg) -- The Bank of Korea pledged Wednesday to take a variety of steps to keep financial markets stable after the nation’s president declared — and then rescinded — martial law hours earlier. The BOK will increase short-term liquidity and take “active” steps in currency markets as needed to ensure stability, it said in a statement following a hastily-called board meeting.

Dec 2, 2024 | bnnbloomberg.ca | Sam Kim

(Bloomberg) -- The pace of South Korea’s consumer inflation picked up less than expected and stayed below the central bank’s target for a third month, in a sign of price stability. Consumer prices advanced 1.5% in November from a year earlier, accelerating from a 1.3% clip in October, the statistics office reported Tuesday. Economists surveyed by Bloomberg had forecast the pace of price growth would rise to 1.7%.

Nov 19, 2024 | bnnbloomberg.ca | Sam Kim

(Bloomberg) -- The International Monetary Fund lowered its forecast for South Korea’s economic growth, pointing to rising headwinds facing the export-reliant nation and echoing growing concerns among economists. “Uncertainty around the outlook remains high and risks are tilted to the downside,” Rahul Anand, chief of the Korea mission, said Wednesday in Seoul as he announced the IMF pared back its forecast for South Korea’s economic growth to 2% from 2.2% in 2025.