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Category BOK

South Korea pushes the US for fair trade deal during Washington visit

South Korea pushes the US for fair trade deal during Washington visit

South Korea’s Trade Minister landed in Washington this week with one mission: to stop the US from reimposing steep tariffs and to lock in a trade d...
South Korea’s central bank warns that stablecoins should be rolled out slowly

South Korea’s central bank warns that stablecoins should be rolled out slowly

South Korea’s central bank wants to keep a tight grip on how stablecoins enter the country’s financial system. On Tuesday, senior deputy governor R...
Bank of Korea warns that local stablecoins will increase dollar dependence

Bank of Korea warns that local stablecoins will increase dollar dependence

Bank of Korea’s Governor Rhee Chang-yong expressed concerns that won-based stablecoins could spur more demand for U.S. dollar stablecoins.
South Korea plans to legalize stablecoins issuance

South Korea plans to legalize stablecoins issuance

South Korea's ruling party introduces the Digital Asset Basic Act to legalize stablecoin issuance by local firms under strict conditions.
Bank of Korea lowers rates for the fourth time to spur growth

Bank of Korea lowers rates for the fourth time to spur growth

South Korea's central bank cut interest rates for a fourth time in the current easing cycle on May 29th to bolster an economic recovery that U.S. t...