South Korea overhauls flawed prosecution office accused of selective justice
South Korea’s powerful prosecution service, long accused of wielding justice selectively, is to be dismantled under a sweeping…
North Korean economy in 2024 posts largest growth in 8 years: South Korea
ISTANBUL North Korea’s economy saw its largest expansion in eight years in 2024, led by increased exports and…
South Korean Central Bank Wants to Use CBDC to Pay $79.3B Worth of Gov’t Subsidies
The Governor of the South Korean Central Bank says Seoul is planning to use its Central Bank Digital…
Bank of Korea suggests stablecoin central bank backstop – Ledger Insights
During a joint industry and academic event covering stablecoins, the Bank of Korea’s Head of its Digital Currency…
Emerging FX Edges Lower as Traders Look Ahead to Fed Symposium
South Korean 50,000 won banknotes at the Bank of Korea headquarters. (Bloomberg) — Developing-nation assets traded mixed Monday…
South Korea Pauses CBDC Efforts Amid Stablecoin Excitement
The Bank of Korea is reportedly suspending its digital currency program amid increased stablecoin enthusiasm. The central bank (BOK) has…
Korean Central Bank Wants Slow Rollout for Stablecoins
The Bank of Korea has reportedly called for a gradual introduction of won-pegged stablecoins. The central bank’s senior deputy governor…
US-Iran Conflict Triggers Global Jitters; South Korea’s BOK Ready To Act
The United States’ military involvement in the Middle East has heightened market uncertainties, the South Korean central bank…
Household borrowing logs sharpest gain in 8 months in S. Korea in May
Seoul, June 11: Household loans extended by South Korean banks rose sharply in May, central bank data showed…
Korean central bank wants influence over stablecoins. Tether available to Koreans – Ledger Insights
Bank of Korea (BOK) has said it wants a role in authorizing Won stablecoin issuers, given stablecoin legislation…
South Korean shares slightly higher as central bank holds rates
KOSPI rises; foreigners net sellers Korean won weakens against dollar South Korea benchmark bond yield falls SEOUL, –…
South Korea’s Economy Struggles to Grow Amid Political Crisis
(Bloomberg) — South Korea’s economy continued to sputter last quarter, after President Yoon Suk Yeol’s short-lived declaration of…