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 Ryoo Sang-dai of the Bank of Korea (BOK) told ...

The Bank of Korea reduced rates to 2.5% from 2.75%, its lowest level since August 2022, in line with expectations among economists polled by Reuters.

The senior deputy governor of South Korea's central bank said it was desirable to introduce won-denominated stablecoins at a gradual pace, first with rigorously-regulated commercial banks.

The Bank of Korea on Thursday kept the benchmark seven-day repurchase rate unchanged at 3.50% for this year’s final rate decision, having stood pat throughout 2023.

What to know: 7-Eleven is testing South Korea’s central bank digital currency in a major trial. Shoppers with accounts at seven banks can use a QR code to pay at checkout with the CBDC. A 10% ...

South Korea’s central bank kept its seven-day repurchase rate at 3.5% in its last decision of the year, a move forecast by all 22 economists surveyed by Bloomberg. The policy rate has stayed at ...

The Bank of Korea kept its benchmark seven-day repurchase rate unchanged at 2.75% on Thursday, pausing its easing cycle after making cuts in February this year, and in October and November of 2024.

The Bank of Korea (BOK) suspended its central bank digital currency project, Singaporean financial newspaper Business Times reported on Monday. The project had reached the stage of developing a ...

HSBC, the world's second largest bank by market value, agreed to buy 51 percent of KEB <004940.KS>, South Korea's No. 6 bank, from U.S. private equity house Lone Star last September.