Bank of Korea
Bank of Korea is the central bank of South Korea. It operates lending and deposit facilities to control the availability of banking institutions' funds. Its lending and deposit facilities consist of Bank Intermediated Lending Support Facility, Liquidity Adjustment Loans and Deposits, Intraday Overdrafts and Special Loans.
Korean central bank inks deal to develop system for testing CBDCs
Korean central bank inks deal to develop system for testing CBDCs
LG CNS Co. will develop a set of systems for the test.
Indonesia, Korea unveil operational guidelines for local currency transactions
This is part of the two countries’ agreement to promote bilateral transactions in local currency.
Corporate lending in South Korea rise in Q3
Depository corporations increased industrial lending by approximately US$24.41b
South Korea interest rates for new deposits, loans rose in October: BOK
The interest rate for outstanding amounts of deposits and loans also rose.
South Korean financial firms to tighten lending standards in Q4: survey
The 18 banks polled indicated that they will be pickier on approving loans.
South Korean banks’ deposits up US$19.9b in September
Transferable deposits rose substantially, whilst time deposits fell.
Bank of Korea launches financial and economic snapshot platform
It is optimised for mobile devices to make data viewing easier for the public.
Korea, Indonesia central banks ink MOU for bilateral trade: report
It reduces companies’ exposure to exchange rate risks.
Household loans extended by South Korean banks shrank for third straight month: report
High borrowing costs lowered demand.
South Korean bank deposits up by KRW22.3t in February
Transferable deposits rose by KRW21.4t during the month.
Korean banks' household loans extend decline whilst corporate loans slow
Loans extended to local SMEs rose rapidly in February.
South Korea’s bank loans fall by $834m in September: report
The rise in banks’ lending rates contributed to the fall.
Over 17 million Koreans use online financial services daily: central bank
Two in three Korean respondents use mobile financial services.
South Korean banks’ household lending rise in April
Corporate lending rose to its second-highest monthly figure ever.
South Korea completes first phase of digital currency feasibility test
The second phase of the test will be carried out until 22 June.
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