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S Korea, Australia sign $4.5 bn currency swap deal

Last Updated: Sunday, February 23, 2014, 15:28

South Korea and Australia signed Sunday a currency swap deal worth USD 4.5 billion, Seoul`s central bank said, in a move to boost trades and help curb currency swings.

S. Korea economy adds 1.1% in Q3

Last Updated: Friday, October 25, 2013, 12:47

South Korea`s economy expanded 1.1 percent in the third quarter, sustaining the same quarterly growth registered in the April-June period, the central bank said Friday.

South Korea's foreign reserves fall

Last Updated: Wednesday, June 05, 2013, 15:48

Foreign reserves were USD328.1 billion as of the end of May, down from USD328.8 billion in the prior month, according to the Bank of Korea (BOK).

South Korea cuts interest rates

Last Updated: Thursday, May 09, 2013, 18:15

South Korea's central bank unexpectedly cut its benchmark interest rate by 25 basis points to 2.5 percent Thursday, altering the policy rate for the first time in seven months.

South Korean central bank hints at policy rate cut

Last Updated: Monday, January 28, 2013, 13:25

"The recession trend will last for the time being," Ha Sung-keun, Bank of Korea (BOK)'s monetary policy board member, told reporters Monday.

South Korea's consumer confidence hits eight-month high

Last Updated: Monday, January 28, 2013, 12:36

Confidence among South Korean consumers rose to an eight-month high in January as the Asia's No.4 economy showed signs of bottoming out, Bank of Korea (BOK) said in a statement Monday.

South Korean central bank freezes key interest rate

Last Updated: Thursday, September 13, 2012, 14:01

Bank of Korea, South Korea's central bank, froze its benchmark interest rate at 3 percent.

South Korea's Q2 GDP growth revised down

Last Updated: Thursday, September 06, 2012, 12:58

GDP growth for the second quarter was revised down to 0.3 percent, the central bank said Thursday.

South Korea's current account surplus hits new high

Last Updated: Wednesday, August 29, 2012, 13:03

Current account surplus reached USD 6.1 billion in July, up from a revised surplus of USD 5.88 billion tallied in the previous month, according to the Bank of Korea (BOK).

South Korea's central bank lowers 2012 growth outlook

Last Updated: Monday, April 16, 2012, 12:35

South Korea's central bank Monday lowered its economic growth outlook for 2012 to 3.5 percent from an earlier estimate of 3.7 percent due to deteriorating terms of trading and slower export growth amid the lingering uncertainties in the euro area.

South Korea's consumer price growth hits 14-month low

Last Updated: Friday, March 02, 2012, 14:00

South Korea's consumer price growth hit a 14-month low in February, alleviating concerns that high consumer price inflation may affect the overall economic recovery negatively, a government report showed Friday.

South Korea's external debt nears $400 bn in Q2

Last Updated: Tuesday, August 23, 2011, 13:18

South Korea's external debt hit a fresh record high in the second quarter on foreigners' buying spree of local bonds, but the growth of its short-term foreign debt eased due to tighter rules on currency derivatives, the central bank said Tuesday.