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.
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.
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.
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.
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.