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.

MANILA, Philippines (AP) — Asian shares rose Thursday, buoyed by optimism that the U.S.-Japan tariff agreement will be ...

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 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.

Bank of Korea Gov. Rhee Chang-yong arrives to hold a press conference at the central bank in Seoul, South Korea, Thursday, Nov. 28, 2024. Credit: AP/Ahn Young-joon ...

South Korea's central bank cut interest rates for the first time since mid-2020 on Friday and flagged there was room to reduce further, giving some relief to households that have faced the highest ...

Bank of Korea governor Rhee Chang-yong said at a press conference on June 18 that he didn’t oppose a won-based stablecoin but was still concerned about managing the foreign exchange of the token.

BENGALURU (Reuters) - The Bank of Korea will keep its key interest rate unchanged at 2.75% on Thursday, according to a Reuters poll of economists who expect the central bank to resume reductions ...

Bank of Korea Deputy Governor Ryoo Sang-dai spoke on who will be allowed to issue digital won first. Eight of the country’s largest banks plan to form a joint venture to develop a KRW stablecoin.