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Volume of damaged banknotes surges in 2023 amid post-pandemic

Both the volume and face value of damaged banknotes found in Korea surged last year as people used cash more after the COVID-19 pandemic, the central bank said Wednesday. ....

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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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BOK warns Korea's economy may enter negative territory in 2040s

Finance Minister nominee Choi Sang-mok said Sunday that he will put his top priority on stabilizing inflation and predicted the nation s economy would improve next year.. ....

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Central banks urged to prepare for digitalization: BOK chief

Central banks around the globe should be prepared to face a fast-changing financial landscape as digitalization is an undeniable trend and a present reality, the chief of Korea s central bank said Friday. ....

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Korea's per capita income to increase 18% if gender gap in working hours reduced: IMF chief

With the right policies to reduce the gender gap in number of hours worked to the average across peer countries, Korea could increase its per capita income by 18 percent, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday. ....

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