https://www.scmp.com/rss/524451/feed The latest news and updates on Rhee Chang-yong, the current Governor of the Bank of Korea, dedicated to implementing optimal monetary policies for inflation stability and economic recovery. He brings extensive experience from senior international roles, including Director of the Asia and Pacific Department at the International Monetary Fund and Chief Economist at the Asian Development Bank. His distinguished career also encompasses high-profile Korean government positions, such as Vice Chairman... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Frank Tang Frank Tang China is in talks with Japan and South Korea – both US allies – about a possible trilateral currency swap to bolster the region’s financial safety net and deepen economic cooperation amid US President Donald Trump’s trade war, according to a source familiar with the issue. Pan Gongsheng, governor of the People’s Bank of China (PBOC), touched on the issue with his South Korean and Japanese counterparts, Rhee Chang-yong and Kazuo Ueda, on the sidelines of the IMF-World Bank annual meetings in... https://www.scmp.com/news/china/money-wealth/article/3329849/china-eyes-3-way-currency-swap-japan-and-south-korea-amid-trumps-tariff-war-source?utm_source=rss_feed https://www.scmp.com/news/china/money-wealth/article/3329849/china-eyes-3-way-currency-swap-japan-and-south-korea-amid-trumps-tariff-war-source?utm_source=rss_feed Tue, 21 Oct 2025 16:23:46 +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