Bank of Korea

Bank of Korea (BOK) Gov. Rhee Chang-yong highlighted the rapid evolution of the digital financial landscape and its implications for central banks worldwide at a conference, "Digital Money: Navigating a Changing Financial Landscape," last Friday. What Happened: Rhee...

Working on setting up a CBDC pilot project from at least 2020, the Bank of Korea has now partnered with two other financial authorities and announced the launch of a wholesale CBDC pilot project with banks and institutions. However, the government does not ensure any implementation. What...

South Korea's taxation body revealed that this year, individuals and firms disclosed foreign cryptocurrency assets amounting to 130.8 trillion won ($98.5 billion). This comes after South Korea mandated the declaration of foreign crypto assets, The Block reported. Incorporating this into the...

South Korea's National Assembly has given the green light to the Virtual Asset User Protection Act, marking a significant stride towards establishing a legal structure for virtual assets. The legislation is set to come into force next year. The act, an amalgamation of 19 proposals put forth by...

South Korea has given the green light to landmark legislation dedicated to digital assets, aiming to reinforce protection for investors. This comes in the wake of the dramatic collapse of cryptocurrencies developed by South Korean Do Kwon, which played a role in a global $2 trillion cryptocurrency...

On CNBC, Jeong Woo Park of Nomura said that South Korea’s economic growth is expected to be balanced, with the recent GDP data showing improvement from the previous quarters. The country’s central bank was concerned about higher inflation levels at the January meeting, with the...

The Republic of Korea's central bank on Friday said that it is keeping its lending rate at 1.25% as the country's economy shows signs of recovery. What Happened The Bank of Korea, in its first such announcement this year, said that the "sluggishness" in the domestic economy...

South Korea, Asia's fourth-largest economy, has been a favorite of investors daring enough to take positions in single-country exchange-traded funds— particularly, because one does not need to be all that daring to be involved with South Korean stocks. Relative to other emerging markets,...

Futures Flat on Global Stimulus U.S. equity futures were flat overnight despite comments from global central banks indicating more stimulus may be imminent. Minutes from the Bank of England's Monetary Policy Committee meeting as well as comments from the Reserve Bank of New Zealand Governor...

Futures Lower Following Eurozone GDP U.S. equity futures traded lower in early trade following weak GDP data from eurozone nations released overnight for the fourth quarter. Eurozone GDP fell 0.6 percent in the fourth quarter, worse than expectations of a decline of 0.4 percent and below the...