Bank of Korea (BoK)
Korea's foreign ex reserves over $116 billion
KOREA - The Bank of Korea said Saturday the nation's foreign exchange reserves as of the end of October amounted to $116.9 billion, up $305 million from the end of the preceding month.
BOK gov, Monetary policy should focus on growth
KOREA - The Bank of Korea (BOK) should conduct monetary policy in a way that supports current accounts and the employment situation, as well as price stability, the central bank head said at a weekend seminar hosted by the BOK.
BOK urged to focus on long-term inflation target
KOREA - The central bank should set its inflation target on a medium- or long-term basis rather than on an annual basis to maintain price stability more effectively, economic experts said at a seminar on inflation held at the Bank of Korea (BOK) in…
BOK to begin 10th central banking seminar today
KOREA - Nineteen central bank officials from 18 countries will attend a central banking seminar organized by the Bank of Korea (BOK), from today through Friday at the bank's headquarters in downtown Seoul.
Bank of Korea says FX reserves reach $116.69bn
KOREA - The Bank of Korea (BOK) announced yesterday that Korea's foreign exchange reserves stood at $ 116.69 billion as of the end of September 2002, increasing by $ 150 million from the end of August.
BOK governor concerned over current account
SOUTH KOREA - Park Seung, governor of the Bank of Korea (BOK), said Wednesday there are mounting concerns that the current account balance could swing into the red due to rising travel deficits and reckless consumption.
Korean terms of trade deteriorate in 2nd Quarter
KOREA - The nation's terms of trade deteriorated in the second quarter of the year, due to global hikes in the price of oil the Bank of Korea reports.
BOK unlikely to make up for gov't losses
SOUTH KOREA - The Bank of Korea (BOK) expressed reservation yesterday about taking actions to make up for losses incurred by irretrievable public funds that were used to stabilize the economy in the wake of the 1997 IMF financial crisis.
Korea's for ex reserves jump to $115.49 bn
SOUTH KOREA - The nation's foreign exchange reserves hit a fresh high of $115.49 billion at the end of July, up $3.05 billion from the end of June, the Bank of Korea (BOK) reported Monday.
New GDP formula to be used by Bank of Korea
SOUTH KOREA - The Bank of Korea will announce a gross domestic product (GDP), or a gross added value of the economy, under a new formula, starting from the third quarter of 2004.
Korea's for ex reserves jump to $115.49 bn
SOUTH KOREA - The nation's foreign exchange reserves hit a fresh high of $115.49 billion at the end of July, up $3.05 billion from the end of June, the Bank of Korea (BOK) reported yesterday.
Top central bankers agree to hold regular talks
SOUTH KOREA - The central bank governors of South Korea, China and Japan have agreed to have regular talks at all future international gatherings, said Bank of Korea (BOK) Governor Park Seung on Monday.
South Korean central bank to open office in China
SOUTH KOREA - The Bank of Korea has agreed to set up a representative office in Beijing, China, with its Chinese counterpart, the People's Bank of China, the Korean central bank said Thursday.
Bank of Korea chief cites peril of 'cronyism'
SOUTH KOREA - Park Seung, the Bank of Korea governor, recently said that he offered Finance and Economy Minister Jeon Yun-churl his view on the appointment of a new member of the central bank's monetary policy committee.
Internet banking users top 12 million in Korea
SOUTH KOREA - The number of subscribers to Internet banking services reached 12.41 million at the end of March in South Korea, up 9.7 percent from 11.31 million at the end of last year, the Bank of Korea (BOK) said Monday.
BOK union criticises gov't MPC meddling
SOUTH KOREA - The Ministry of Finance and Economy should stop intervening in appointments of interest-setting Monetary Policy Committee (MPC) members, the labor union of the Bank of Korea asserted yesterday.
Korea to name c bank board member in next 2 weeks
SOUTH KOREA - South Korean President Kim Dae-jung will likely name a new member to the Bank of Korea's monetary policy board either next week or in the following week, a central bank official said Thursday.
S Korea appoints Park Seung new c bank governor
SOUTH KOREA - South Korea's President Kim Dae-jung Tuesday appointed Park Seung as the successor to Bank of Korea Governor Chon Chol-hwan, the presidential Blue House said.
Korea to export currency for world cup period
SOUTH KOREA - The Bank of Korea (BOK) today said that domestic lenders will export 50 billion won (US$37.82 million) worth of the country's money abroad to facilitate currency exchange for foreigners who will visit Korea during the FIFA World Cup period.
10 won coins to become less visible
SOUTH KOREA - The Bank of Korea (BOK) said on Tuesday that fewer 10 won coins will be available in the Korean market this year.
BOK head should be guaranteed 4-year term-Union
SOUTH KOREA - The Bank of Korea (BOK) governor should be guaranteed a four-year term regardless of the results of the presidential election scheduled for December this year, BOK's labor union and a civic group maintained yesterday, reports the Korea…
BOK to introduce cyber credit card in October
SOUTH KOREA - The Bank of Korea (BOK) is moving to introduce an online cyber credit card which will be available in October this year.
BOK head to visit Myanmar central bank
SOUTH KOREA - Bank of Korea Gov. Chon-Chol-hwan will travel to the Southeast Asian country of Myanmar till next Monday at the invitation of Kyaw Kyaw Maung, head of Myanmar's central bank.
BOK to pursue flexible monetary policy
SOUTH KOREA - The Bank of Korea (BOK) will manage its monetary policy in a flexible manner, paying attention to its effect on the real economy, BOK governor Chon Chol-hwan said Thursday in a speech.