The Bank of Korea (BoK) announced on Monday that it signed a memorandum of understanding (MOU) with Bank Indonesia (BI) for the bilateral cooperation of cross-border payments.
Ryoo Sang-dae The Bank of Korea announced on Friday that it has appointed Ryoo Sang-dae, the current vice president of Korea Housing-Finance Corp., as its new senior deputy governor. His term will last for three years from Aug. 21 to Aug. 20, 2026.The deputy governor of the Bank of Korea is a
Bank of Korea Governor Rhee Chang-yong in a Jan. 13 news conference South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth forecast just two months after revising it lower.The rate hike marked the Bank of
The Bank of Korea (BOK) will launch real-life, offline tests for a central bank digital currency (CBDC) project on Samsung Electronics Co.'s Galaxy series of smartphones, smartwatches and tablets, but it ruled out Apple's iPhone as a candidate device for its second-stage test for the digital c
Bank of Korea Governor Lee Ju-yeol speaks on Nov. 25, 2021, after the central bank raised interest rates South Korea’s central bank is almost certain to raise interest rates on Friday to curb inflation and household debt as the US Federal Reserve is expected to increase borrowing costs in