Deputy Bureau Chief for Korea, Seoul, South Korea
Choonsik's Feed
Feb 26, 2015

S.Korea household mortgage loan growth hits record in Q4

SEOUL, Feb 26 (Reuters) – South Koreans boosted mortgage
borrowings by the fastest pace on record in the December quarter
as property prices recovered, data showed on Thursday, weakening
the case for an additional interest rate cut.

Mortgage loans at households rose 10.2 percent on-year to
460.6 trillion won ($419.5 billion) by the end of December, the
highest growth since records began in late 2008, central bank
data showed. It also gained a record 3.2 percent
quarter-on-quarter.

Feb 25, 2015

Samsung Electronics, China trade deal give boost to South Korea’s yuan hub ambitions

SEOUL (Reuters) – Tech giant Samsung Electronics gave a big boost on Wednesday to Seoul’s ambitions to become a global hub for the offshore yuan business, saying it was preparing to start trading the Chinese currency directly with the South Korean won.

The news came as the South Korean government announced that it hoped to sign a final free trade agreement with China within the first half of the year, in a further sign of strengthening relations between the countries.

Feb 25, 2015

Samsung Elec, China trade deal give boost to South Korea’s yuan hub ambitions

SEOUL, Feb 25 (Reuters) – Tech giant Samsung Electronics
gave a big boost on Wednesday to Seoul’s ambitions
to become a global hub for the offshore yuan business, saying it
was preparing to start trading the Chinese currency directly
with the South Korean won.

The news came as the South Korean government announced that
it hoped to sign a final free trade agreement with China within
the first half of the year, in a further sign of strengthening
relations between the countries.

Feb 17, 2015

Bank of Korea holds rates, cautious tone lifts bonds

SEOUL, Feb 17 (Reuters) – South Korea’s central bank held
interest rates steady on Tuesday, as expected, but cautious
remarks by its governor about the economic outlook kept hopes
alive for a rate cut soon, lifting bond futures.

The Bank of Korea’s policy board left the policy interest
rate unchanged at a record-matching low of 2.0
percent in a unanimous vote for a fourth consecutive month.

Feb 17, 2015

S.Korea c.bank holds rates for 4th month, as expected

SEOUL, Feb 17 (Reuters) – South Korea’s central bank kept
interest rates unchanged for a fourth straight month on Tuesday,
as expected, while observing the effects of global policy
changes on its gradually recovering economy.

The Bank of Korea’s monetary policy committee held its base
rate steady at 2.00 percent, a media official said
without elaborating. Governor Lee Ju-yeol is due to hold a news
conference from 11:20 a.m. (0220 GMT).

Feb 13, 2015
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