Stocks and bonds weaken as interest rates rise… Bank of Korea’s net profit plunged by 5.3 trillion won
Last year, Bank of Korea’s net profit was 2.5452 trillion won. It has plunged by more than 5 trillion won in a year. Stock and bond prices fell simultaneously due to aggressive interest rate hikes in major countries such as the United States and Korea, reducing stock trading returns and significantly increasing Financial Stabilization Bond […]
Bank of Korea’s ‘monthly rent’ expires… ‘Namdaemun HQ’ repossessed until end of April
Reporter Park Gwang-beom from Silver Today | 2023.03.24 15:24 [서울=뉴시스] Reporter Choi Jin-seok = Bank of Korea’s English name installation is underway on the 21st at the Bank of Korea’s newly built integrated annex in Jung-gu, Seoul. 2023.03.21. Bank of Korea returns to its headquarters building on Namdaemun-ro, Seoul. Workers scattered in Samsung’s main building, […]
BOK ‘Dilemma’ ··· Korea · ‘Unprecedented’ US interest rate differential – Seoul Finance
Fed ‘Hawk’, possibility of big move ↑ 6% final interest rate forecast Despite slowing employment indicators, Korea-US interest rate gap widens… up to 2.25%p BOK, which kept interest rates unchanged last month, is likely to resume rate rises in April Bank of Korea Governor Lee Chang-yong speaking at a press conference on the direction of […]
US personal consumption expenditure rose 5.4%… Strengthening austerity policy
A stock trader at the New York Stock Exchange listens to a press conference by Fed Chairman Jerome Powell after the announcement of the results of the US Federal Reserve’s policy rate decision on the 1st. Powell said on this day that he had “confirmed deflation (slowing inflation) for the first time.” /AP Yonhap News […]
For the first time in 3 years, it is better to use the priesthood How much money should I give?
◀ Anchor ▶ Before the Lunar New Year holiday, many people must have gone to the bank to prepare new year gifts. This Lunar New Year, due to the rapidly rising prices, it is inevitable to be anxious about how much money to give. Reporter Kim Seong-hyun listened to the opinions of the citizens. ◀ […]
KOSPI rises on US CPI slowdown … Earnings-dollar exchange rate at lowest level in 7 months
zoom in picture Employees work in the Hana Bank dealing room in Jung-gu, Seoul on the afternoon of the 13th. On this day, the KOSPI finished trading at 2386.09, up 20.99 points (0.89%) from the battleground, and the KOSDAQ index at 711.82, up 1.00 points (0.14%) from the battleground. The won-dollar exchange rate closed at […]
[신선한 경제] 2023 The First Monetary Policy Committee, the last interest rate rise? What about the real estate market?
◀ Anchor ▶ It’s time to tell you the current economic news in detail. Reporter Noh Kyung-jin from the economic team will be with you. What are you talking about today? ◀ Reporter ▶ We publish this week’s notable economic timetable every Monday. This Friday is the first meeting of the Bank of Korea’s Monetary […]
DSR of mortgage borrowers increases significantly at rising interest rates … spend 60% of their annual income
zoom in picture On the 15th, a loan ad was posted in a bank in Seoul. random news As loan interest rates rose, the total principal and interest repayment ratio (DSR, annual principal and interest repayment to annual income) of borrowers (borrowers) who had taken out mortgage loans in the past more than 60% on […]
Resumption of bank bond issuance… KRW 2.3 trillion refinancing to be issued by the end of the year
3rd financial sector fund flow inspection and communication meeting Flexible publishing for those maturing next year Photo = Provided by the Financial Services Commission Banks will resume issuing bank bonds, which had been suspended in order to stabilize the bond market. First of all, the plan is to push for the issuance of 2.3 trillion […]
US base rate hiked to 4.25-4.50%… Korea-US interest rate differential up to 1.25% P
The Federal Reserve System (Fed), the central bank of the United States, raised the benchmark interest rate by 0.50 percentage points on the 14th (local time). The pace of interest rate rises has been slowed as signs of slowing inflation emerged after the previous four successive big steps (raising the base rate by 0.75 percentage […]
