"External uncertainties remain high on the new U.S. government's policy and external policy measures. Each agency needs to ...

SEOUL, Jan. 30 (Yonhap) -- The number of bank branches fell for the sixth year in a row in 2024 in line with the popularity ...

The Bank of Korea (BOK) will extend the temporary special aid program to 14 trillion won (US$9.78 billion) from the current 9 ...

South Korean prosecutors charged President Yoon Suk Yeol for his failed attempt last month to place the country under martial ...

Banks are actively lowering loan rates. As financial authorities warned that 'it is time to lower loan rates,' and the ...

The Korean currency is strengthening against the dollar, boosted by U.S. President Donald Trump’s comments on the need for a ...

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SEOUL, Jan. 24 (Yonhap) -- The Bank of Korea (BOK) said Friday it has issued a greater value of fresh banknotes for this year's Lunar New Year holiday than a year earlier.

Banks' lending rate for corporate loans shed 0.14 percentage point to 4.62 percent in December. Their lending rate on household loans also inched down 0.07 percentage point to 4.72 percent on average ...

Acting President Choi Sang-mok (3rd from L), who serves concurrently as deputy prime minister for economic affairs and finance minister, talks with Financial Supervisory Service chief Lee Bok-hyun ...

Korea's economy grew 2 percent in 2024, underperforming expectations, due to political turmoil and weak private consumption.