Se-min Huh

Dec 4, 2024 | kedglobal.com | Se-min Huh

Global credit rating agency Standard & Poor's (S&P) said on Thursday the introduction and swift revocation of martial law in South Korea is very unexpected for a sovereign at the “AA” rating level. The company explained that investor confidence will likely take longer to normalize. The extent of the hit on economic, financial and fiscal credit metrics will also take a while to clarify.

Dec 4, 2024 | kedglobal.com | Jin-gyu Kang |Se-min Huh

South Korea’s central bank will provide ample liquidity in the country’s financial markets by purchasing repurchase agreements, or repos, as part of efforts to stabilize Asia’s No. 4 economy’s financial markets following the night of mayhem caused by President Yoon Suk Yeol’s martial law declaration, which was lifted six hours later.

Dec 3, 2024 | kedglobal.com | Se-min Huh

South Korea’s consumer prices remained steady at the 1% level for a third month in a row thanks to a drop in oil prices. But economists forecast the won’s slide to the dollar to push up the country’s inflation close to 2% in December. The consumer price index in South Korea edged up 1.5% in November from the same month last year, according to Statistics Korea on Tuesday. It has stayed at the 1% level since September’s 1.6% gain, after falling below 3% in April.

Nov 15, 2024 | kedglobal.com | Se-min Huh

The United States has reinstated South Korea on its foreign-exchange monitoring watchlist, a year after it removed Asia’s No. 4 economy from the list. Korea was put back on the list because the country met two of the three criteria set by the US Trade Facilitation and Trade Enforcement Act of 2015, according to the US Treasury Department's semiannual report on the macroeconomic and foreign exchange policies of major US trading partners released on Thursday.

Nov 15, 2024 | kedglobal.com | Se-min Huh

The United States has reinstated South Korea on its foreign-exchange monitoring watchlist a year after it removed Asia’s No. 4 economy from the list. Korea is put back on the list because the country has met two of the three criteria set by the US Trade Facilitation and Trade Enforcement Act of 2015, also known as the 2015 Act, according to a Treasury Department’s semiannual report on major US trading partners’ macroeconomic and foreign exchange policies released on Thursday.