COGNICURRENT

The Bank of Korea has revised its GDP growth forecast for the year to 2% while keeping interest rates steady at 2.50%, amid concerns over increasing economic polarization.

The Bank of Korea has revised its economic growth forecast for the country from 1.8% to 2.0% for this year.

The Bank of Korea is set to introduce a new conditional interest rate forecast model similar to that of the U.S. Federal Reserve, presenting future rate expectations in a dot plot format to enhance clarity and predictability.

The Bank of Korea has decided to maintain the base rate at 2.50%, marking the sixth consecutive freeze since last July.

Park Sang-jin, Chairman of Korea Development Bank, has refused a support request by MBK Partners for urgent operational funding for Homeplus, stating that they have no involvement with the company.

The US embassy in Jerusalem is set to start consular services in a Jewish settlement in the West Bank, raising concerns that the US may implicitly support Israel's expansion of these settlements.

Last year, the balance of overseas securities investments by residents in South Korea increased significantly, with a notable rise of approximately 207 trillion won due to new investments.

New household loans per capita have declined significantly, particularly among individuals in their 30s and in the capital region, according to recent data from the Bank of Korea.

Consumer sentiment regarding rising house prices in South Korea has sharply decreased in February, as reported by the Bank of Korea's consumer trend survey.

Household credit in South Korea rose by 2.9% last year, bringing the total household debt close to the 2,000 trillion won mark.

Jang Min-young has been inaugurated as the head of IBK, stating her commitment to transforming the bank into an AI-based financial institution.

The UN Security Council criticized Israel's policies that facilitate land acquisition in the West Bank, labeling them a form of de facto annexation.

Despite declines in international oil prices and the won-dollar exchange rate, import prices in South Korea have risen for the seventh consecutive month due to increased raw material costs.

The Financial Supervisory Service of South Korea has decided to impose a reduced penalty of 1.4 trillion won on five banks for improperly selling Hong Kong-linked equity-linked securities (ELS).

A report by the Bank of Korea indicates that rising housing prices negatively impact the consumption and welfare of young people and homeowners with low to moderate income.

The Korea Trade Insurance Corporation (K-Sure) has issued its first 'Export Supply Chain Reinforcement Guarantee' for TGS Pipe, a small partner of POSCO, to aid the steel export industry.

Research indicates that widening gaps between regions in South Korea are diminishing intergenerational economic mobility.

The Bank of Korea advocates leveraging massive medical data collected in the country as a foundation for the bio-health industry amid the AI era.

A 70-year-old woman almost fell victim to a romance scam where she intended to send 10 million KRW but was saved by the quick actions of bank staff and police in Jeonbuk, Korea.

A former trader who became a millionaire by handling daily transactions worth nearly 1 trillion dollars left his successful banking career due to feelings of doubt and guilt about his work, choosing instead to engage in activities aimed at reducing inequality.

A South Korean court ruled that Lime Asset Management and Shinhan Investment Securities must jointly compensate Hana Bank 36.4 billion won related to the Lime Fund crisis, which caused losses of 1.6 trillion won.

The 'Just Dream Center', which provides free food and daily necessities without strict proof of income, will expand nationwide by 2027, with the government announcing a budget increase for this initiative.

A bank employee has illicitly acquired 7.85 billion won in loans through fraudulent documents and collusion with colleagues and family members, prompting the Financial Supervisory Service to implement guidelines to prevent conflicts of interest in banking.

Seadrill, an American drilling company, incurred a substantial loss of approximately 854 billion won to Korean institutions due to unpaid loans, while also gaining significant profits through its participation in the Great Whale oil drilling project.

The special investigation team led by Ahn Kwon-seob is interrogating Seoul Southern District Prosecutors' investigators as suspects regarding the alleged loss of evidence linked to a critical investigation issue.