https://www.scmp.com/rss/522332/feed The Bank of Korea (BOK) is South Korea’s central bank, headquartered in Seoul. Established in 1950, its primary mission is to pursue price stability and ensure financial stability for the national economy. The BOK issues banknotes and coins, formulates monetary policy, manages foreign exchange reserves, and oversees payment systems. It also acts as the government’s and bankers’ bank, conducting supervisory functions for financial institutions. Notably, the BOK was the first developed-economy... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Nicholas Spiro Nicholas Spiro As 2025 draws to a close, three themes loom large in politics, economics and finance. The first is the unprecedented degree of uncertainty and unpredictability when it comes to the performance of economies and asset prices, amplified by US President Donald Trump’s erratic policymaking. Who would have predicted at the start of this year that the MSCI All Country World Index, a gauge of global stocks, would stand slightly below its all-time high five weeks before Christmas? More surprisingly, who... https://www.scmp.com/opinion/asia-opinion/article/3333485/south-koreas-challenges-taste-whats-come-global-economy?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3333485/south-koreas-challenges-taste-whats-come-global-economy?utm_source=rss_feed Thu, 20 Nov 2025 08:30:09 +0000 Bloomberg Bloomberg South Korea has introduced new restrictions on foreign property purchases in the greater Seoul area, its latest effort to curb housing prices. The new measures unveiled by the government on Thursday will require foreigners to get prior approval to buy a property starting August 26. Those granted approval must move into the home within four months of receiving permission and live there for at least two years after the purchase, the land ministry said in a statement, adding that the policy will... https://www.scmp.com/news/asia/east-asia/article/3322683/seoul-73-foreign-home-buyers-are-chinese-rules-just-changed?utm_source=rss_feed https://www.scmp.com/news/asia/east-asia/article/3322683/seoul-73-foreign-home-buyers-are-chinese-rules-just-changed?utm_source=rss_feed Thu, 21 Aug 2025 10:56:47 +0000 Bloomberg Bloomberg South Korea’s parliament approved a 31.8 trillion won (US$23.3 billion) extra budget as new President Lee Jae-myung seeks to revive an economy struggling with weak consumption and mounting trade risks from US tariffs. The figure is up from the 30.5 trillion won initially proposed by the government, with more money allocated for cash coupon handouts, the Finance Ministry said. Of the overall figure, 10.3 trillion won will be set aside to cover revenue shortfalls for this year’s existing budget,... https://www.scmp.com/news/asia/east-asia/article/3317057/south-korea-approves-us233-billion-stimulus-trump-tariffs-loom?utm_source=rss_feed https://www.scmp.com/news/asia/east-asia/article/3317057/south-korea-approves-us233-billion-stimulus-trump-tariffs-loom?utm_source=rss_feed Sat, 05 Jul 2025 02:30:10 +0000