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Too early to discuss monetary easing: BOK chief

Any discussions about easing the current restrictive monetary policy are premature, Bank of Korea Governor Rhee Chang-yong said, Thursday, aiming to moderate market expectations, particularly those anticipating swift rate cuts of up to 75 basis points throughout the year.

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Gov t urges Taeyoung to bolster self-rescue plan to keep debt rescheduling offer afloat

The government has urged Taeyoung Group to implement additional self-rescue measures for its financially troubled construction subsidiary, Taeyoung Engineering & Construction (E&C). This move is seen as essential for the conglomerate to rebuild trust with creditors and secure their agreement on a debt-restructuring plan.

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BOK s monetary policy board to undergo major reshuffle in April

The Bank of Korea s (BOK) monetary policy board is expected to undergo a major reshuffle when the terms of two board members are set to expire in April. This follows the recent departure of Park Chun-sup, a former board member who is now serving as the senior presidential secretary for economic affairs.

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Bank of Korea to deliver mix of policies in last mile inflation fight

Bank of Korea to deliver mix of policies in last mile inflation fight
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Finance minister stresses solidarity, risk management to overcome real estate PF crisis

Finance Minister and Deputy Prime Minister Choi Sang-mok, who took office early this year, urged the financial sector to make their utmost effort in risk management to mitigate rising concerns over a looming real estate project financing crisis. Choi also stressed the value of solidarity and mutual support as keys to overcome challenges posed by economic uncertainties.

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