The Bank of Korea Predicts Korea’s Economic Growth Rate at 2.1% for 2024
[딜사이트 김진욱 기자] The Bank of Korea predicts that Korea’s economic growth rate will be 2.1% next year. The Bank of Korea predicted Korea’s economic growth rate at 2.1% in 2024 through an economic forecast report released last November. This is a decrease of 0.1 percentage point from the forecast of 2.2% in July. The […]
Bank of Korea Predicts Slowdown in Inflation Rate Amidst Uncertainty
[비즈니스포스트] It is expected that the slowdown in the inflation rate will occur slowly. Kim Woong, Deputy Governor of the Bank of Korea, held a meeting to review the price situation at the Bank of Korea’s head office on the morning of the 29th and said, “If agricultural product prices stabilize gradually and international oil […]
The Bank of Korea Plans Long-Term Tightening Monetary Policy for 2024
[비즈니스포스트] The Bank of Korea announced a plan to implement monetary policy while maintaining a long-term tightening stance next year. The Bank of Korea said in its report on ‘2024 Monetary and Credit Policy Implementation Guidance’ on the 29th, “The base interest rate will continue to tighten for a long enough period until it is […]
Debate Over Equity in Win-Win Finance Plan Causes Controversy
Controversy over ‘equity’ emerges during the win-win finance plan Although domestic banks have prepared a financial support plan worth over 2 trillion won in response to the ‘win-win finance’ promoted by the financial authorities, a ‘debate for equity’ is likely to arise. This is because the ‘win-win finance’ scheme prepared by banks focuses only on […]
Naver and Bank of Korea Join Forces for AI Innovation in Financial and Economic Sectors
Naver CEO Choi Soo-yeon (left) and Bank of Korea Governor Lee Chang-yong pose for a photo commemorating the signing of a Memorandum of Understanding for AI innovation in the financial and economic sectors. (Photo = Naver) Naver (CEO Soo-yeon Choi) announced on the 22nd that it has signed a Memorandum of Understanding with the Bank […]
Producer Price Index in November Shows Downward Trend for Two Consecutive Months
[비즈니스포스트] In November, the domestic producer price index showed a downward trend for two consecutive months due to the fall in the prices of industrial products and agricultural, forestry and fishery products. According to the Bank of Korea on the 21st, the producer price index in November 2023 was 121.06 (2015 = 100), 0.4% lower […]
Warning of Negative Growth by 2040s If Korean Economy Fails to Improve Productivity
[사진:연합뉴스] There has been a warning that if the Korean economy fails to overcome low productivity, it could enter a period of negative growth starting in the 2040s. Cho Tae-hyung, vice president of the Bank of Korea Economic Research Institute, presented the economic outlook for the next 30 years in a report titled ’80-Year Korean […]
[아주경제 오늘의 뉴스 종합] 3rd quarter growth rate of 0.6%… Achieving 1.4% per year, other than ‘red light’
[사진=아주경제DB] [물가도 성장도 놓쳤다] 3rd quarter growth rate of 0.6%… Annual 1.4% achieved ‘red light’ This year, Korea recorded an economic growth rate of 0% for three consecutive quarters. The price index in November also soared, centering on agricultural products, showing an increase of around 3% for four consecutive months. Amid high inflation, it is […]
Analysis of the Trending Domestic Stock Market
Economic Trends in South Korea The domestic stock market in South Korea continues to trend within a box range, with the KOSPI index managing to regain the 2,500 point range but failing to show any further upward trend. The recent decision by the Bank of Korea to freeze the base interest rate for the seventh […]
Interest Rates on Home Loans from Banks Rise for Third Consecutive Month
Interest rates on Home Loans from Banks Continue to Rise According to data released by the Bank of Korea, interest rates on home loans from banks have been increasing for the past few months. In October, the deposit and lending interest rates of deposit banks saw a rise compared to September, indicating a trend of […]
