Domestic Producer Price Index Rises for Four Consecutive Months Due to Agriculture, Forestry, and Fishery Products
[비즈니스포스트] The domestic producer price index rose for four consecutive months due to the increase in the prices of agricultural, forestry and fishery products. On the 23rd, the Bank of Korea announced that the producer price index in March was 122.46 (2015 = 100), up 0.2% from February. Compared to a year ago, it rose […]
Bank of Korea Governor Lee Chang-yong Addresses Impact of Middle East Conflict on Korean Exchange Rate and Prices
Bank of Korea Governor Lee Chang-yong, visiting the United States, said in a meeting with Washington correspondents on the 19th that the variable that will have the greatest impact on the Korean exchange rate and prices in the future is the conflict between the Middle East between Iran and Israel and that, unless the war […]
Bank of Korea Governor Lee Chang-yong Prepared to Respond to Exchange Rate Volatility
[비즈니스포스트] Bank of Korea Governor Lee Chang-yong once again emphasized that the bank is prepared to respond to exchange rate volatility. In a talk at the Spring Meeting of the International Monetary Fund (IMF) held in Washington, DC, USA on the 17th (local time), Governor Lee said, “Our exchange rate has fallen slightly compared to […]
Investors Left Disappointed as US Federal Rate Cuts Remain on Hold and Bond ETFs Struggle
[비즈니스포스트] Investors who invested in long-term government bond exchange-traded funds (ETFs) at home and abroad are expected to sigh more deeply. This is because the expected rate cut by the US Federal Reserve continues to be delayed. ▲ The Chairman of the Federal Reserve of the United States Jerome Powell expresses his opinion that one […]
Bank of Korea’s Net Profit Plunges in 2023, Lowest Since 2007
Money Today Reporter Park Gwang-beom | 2024.03.29 13:32 Panoramic view of Bank of Korea / Photo courtesy of Bank of Korea Bank of Korea recorded a net profit of about 1.3622 trillion won last year. Net profit fell to half in 2022. This is the lowest net profit since 2007. According to the ‘2023 Annual […]
Bank of Korea’s Interest Rate Dilemma: Will Governor Lee Follow the Fed’s Lead?
[비즈니스포스트] As the US Federal Reserve (Fed) reaffirms its position to lower the benchmark interest rate this year as previously planned, attention is being paid to see if the Bank of Korea will follow the Fed’s monetary policy change. Although Bank of Korea Governor Lee Chang-yong has been emphasizing monetary policy differentiation this year, keeping […]
Stock Exchange Update: KOSPI Index Climbs with Semiconductor Stocks on the Rise
Stock exchange graph stock price chart1. Photo = Pixabay [인포스탁데일리=허준범 기자] ■ KOSPI index The KOSPI index closed at 2,664.27, up 0.41%. Last night, the New York stock market was mixed due to a warning ahead of Nvidia’s earnings announcement amid FOMC minutes, and stock markets in major European countries also closed mixed. On this […]
Remains High: Inflation Expectations Hold Steady, Illegal Industrial Accident Broker Exposed
▶ “Remains high” Inflation expectations in February remain at 3% for 3 months ▶Ensure the circumstances of the ‘industrial accident broker’… Illegal supply and demand for industrial accidents worth 11.3 billion won (Internal and external broadcasting = Publisher Cha Esther / Editing Producer Shim Hae-joong) Hello everyone. This is domestic and foreign broadcast news. [본 […]
Korea’s Economic Growth Rate Predicted to Reach 2.2% in 2024: Hyundai Research Institute
[비즈니스포스트] The Hyundai Research Institute predicted that Korea’s economic growth rate this year will reach 2.2%. In the ‘Revised Korean Economy Outlook 2024’ released on the 28th, the Hyundai Research Institute predicted that Korea’s gross domestic product (GDP) growth rate will be 2.2% this year. ▲ The Hyundai Research Institute predicts that Korea’s economic growth […]
Bank of Korea Governor Plans to Maintain Interest Rate Freeze despite Different Approach from Federal Reserve
[비즈니스포스트] As Bank of Korea Governor Lee Chang-yong shows his stance to implement a monetary policy that is different from that of the US Federal Reserve, there are concerns that the interest rate freeze policy will be prolonged. This is because, apart from the fact that the Federal Reserve is expected to change its monetary […]
