Exporting well but why is the exchange rate like this? The South Korean economy in 'poverty amidst plenty'
An easy explanation of why the KRW/USD exchange rate is rising even though there is an abundance of dollars in the market.
Tag: Bank of Korea
Is My Wallet in Danger? Why Producer Prices Have Soared to Their Highest Level in 3 Years and 10 Months
Producer prices in May rose 8.5% year-on-year, hitting a 3-year and 10-month high. We explain in simple terms how this affects our daily lives and the economy.
Why Are Prices Rising When My Salary Isn't? Turns Out It's Because of 'IT Bonuses'?
An easy-to-understand explanation of the Bank of Korea's inflation outlook for the second half of the year and the butterfly effect that IT industry bonuses have on local prices.
Surpassing 1,500 Won per Dollar: Exports Are Booming, So Why Is Our Currency Falling?
As the won-dollar exchange rate surpasses 1,500 won, concerns over high inflation and rising interest rates are growing. We easily explain the causes of this high exchange rate, called a bizarre phenomenon, and its impact on our daily lives.
The 1,500 Won Exchange Rate Era: Why Is the Bank of Korea Giving 'Dollar Interest' to Banks?
With the won-dollar exchange rate surpassing 1,500 won, the Bank of Korea has extended its policy of paying interest on banks' excess foreign currency reserves for six months. Let's easily explore how this economic measure affects our lives.
My Salary Went Up, So Why Does My Wallet Feel Lighter? The Secret of $40,000 Per Capita Income and Exchange Rates
South Korea's per capita income is on the verge of reaching $40,000. Why is income in terms of dollars stagnating while the economy is growing? We easily explain the optical illusion in the economy created by exchange rates.
Will Loan Interest Rates Rise Again? The Real Reason the Bank of Korea Plans to Raise the 'Base Rate' Frozen for Over a Year
Forecasts suggest the Bank of Korea may raise the base rate as early as July 2026. We provide an easy-to-understand explanation of how the Middle East crisis and inflation concerns impact our loan and deposit interest rates.
Bank of Korea to Raise Base Rate Twice This Year? What Will Happen to My Loan Interest
Forecasts suggest the Bank of Korea will raise its base rate twice by the end of the year, reaching 3.25% next year. Here is an easy-to-understand explanation of how the base rate hike will affect our daily lives and loan interest rates.
[Easy Reading on Economy] New BOK Monetary Policy Board Member Kim Jin-il, Why Is He Trying to Prescribe a 'Stronger Medicine' for Our Loan Interest Rates?
The true meaning of the base rate hike and price stability according to the newly appointed Bank of Korea Monetary Policy Board member Kim Jin-il. We easily explain the impact of hawkish monetary policy on our loan interest rates and inflation.