Edition:
United States

Dahee Kim

Bank of Korea seen keeping rates on hold at May meeting

May 22 2018

SEOUL South Korea's central bank is seen likely to keep interest rates steady at its May policy meeting, a Reuters poll of economists found on Wednesday, but they noted that the voting might not be unanimous - signaling a hike in July.

South Korean economy rebounds in first quarter on exports, government spending

Apr 26 2018

SEOUL South Korea's economy bounced back last quarter, buoyed by booming exports of data memory chips and a boost from government spending, although private consumption was sluggish.

South Korean economy rebounds in first-quarter on exports, govt spending

Apr 25 2018

SEOUL South Korea's economy rallied last quarter, buoyed by healthy exports and a boost from government spending, while private consumption growth remained sluggish.

South Korea seen returning to growth in first quarter as memory chips lead robust exports

Apr 24 2018

SEOUL South Korea's economy is expected to have returned to growth in the first quarter as exports of memory chips were strong enough to partly offset a steep decline in construction investment.

In South Korea, overseas cryptocurrency offerings skirt local clampdown

Apr 17 2018

SEOUL Six months after South Korea banned the issuance of new cryptocurrencies, they are starting to creep back into the country by using overseas listings for local trading.

South Korean cryptocurrency executives detained over alleged embezzlement

Apr 06 2018

SEOUL Four executives from two South Korean cryptocurrency exchanges were detained on Thursday and are being questioned in connection with the alleged embezzlement of billions of won, prosecutors said.

South Korea's February output unexpectedly rises on-month on demand for cars, chips

Mar 29 2018

SEOUL South Korea's industrial output unexpectedly rose in February as robust overseas demand continued to boost production of memory chips and cars in a sign factory activity remained brisk.

South Korea central bank chief unsure if wide gap with U.S. rates would be sustainable

Mar 21 2018

SEOUL South Korea's central bank chief said on Wednesday that the bank is unsure whether a wide gap between U.S. and South Korean base rates would be sustainable, hours ahead of an expected rate hike by the Federal Reserve.

Bitcoin start-ups in Asia take aim at remittances market

Mar 13 2018

HONG KONG/SEOUL Bitcoin, battered by warnings about volatility and bubble-like appreciation, may have found a way to play a niche role in a big market: overseas money transfers.

Head of South Korea's financial watchdog offers to resign

Mar 12 2018

SEOUL The chief of South Korea's financial watchdog, who faces allegations of involvement in hiring irregularities when he was at a major commercial bank, offered to resign on Monday, the regulatory agency said.

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