interest rate

BUSINESS

Korean shares plunge as hopes fade for early Fed rate cut

2024-01-17

Shares plunged nearly 2.5 percent Wednesday on dampened hopes that the U.S. Federal Reserve will start cutting its rates soon, and over uncertainties on...

BUSINESS

Bank of Korea holds rate steady at 3.5 percent

2023-07-13

The Bank of Korea kept its policy rate unchanged Thursday for the fourth consecutive time, holding it at 3.5 percent. It was a widely expected...

BUSINESS

Won rises as Fed expected to pause rate hikes

2023-06-07

The won slipped below the 1,300 mark on Wednesday for the first time since late March, thanks to a slowing trade deficit and expectations...

BUSINESS

[Breaking] Fed made another giant steps, raised 0.75%p

2022-11-02

The Fed decided another interest rate hikes, by 0.75 percentage points, the sixth increase this year to combat against inflation, and signaled to continue...

BUSINESS

Bank of Korea signals a change in stance after Fed’s big hike

2022-09-22

A board at KB Kookmin Bank in Yeouido shows the won at 1,409.7 won against the dollar on Thursday after weakening 15.50 won...

BUSINESS

[BREAKING] Another 0.75 Percentage Point Rate Hikes by Fed

2022-09-21

Federal Reserve decided its thrid consecutive rate hikes of 0.75%p lifting the benchmark of federal funds rate to a range between 3% and 3.25%,...

interest rate

Latest news

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Korean food exports hit record high in U.S., defying inflation slowdown

University of Pennsylvania inaugurates James Joo-Jin Kim Center for Korean Studies with $25M donation

North Korean special forces sent to Russia trained for U.S. hostage-taking missions