Bank of Korea
Bank of Korea is the central bank of South Korea. It operates lending and deposit facilities to control the availability of banking institutions' funds. Its lending and deposit facilities consist of Bank Intermediated Lending Support Facility, Liquidity Adjustment Loans and Deposits, Intraday Overdrafts and Special Loans.
Korea, Turkey renew bilateral swap agreement
Korea, Turkey renew bilateral swap agreement
The extension is effective for a period of 3 years beginning August 2024.
Indonesia and South Korea to enhance cross-border payments
The central banks expect that it will promote digital economy and benefit the tourism sector.
Interest rates of new deposits, loans in South Korea rise in May
However, the overall average of outstanding loans fell.
Korea’s USD deposits decline in April amidst weakening won
Companies reportedly withdrew part of their US dollar deposits.
Malaysia, South Korea renew their bilateral swap agreement
The swap arrangement can be further extended via mutual agreement.
Korean banks to ease lending standards for companies and mortgages
But banks are expected to tighten lending standards for household loans.
Korean banks’ household loans drops in March as mortgage demand slows
In contrast, bank lending to the corporate sector increased by over KRW10t.
Transferable deposits drive South Korean banks’ deposit growth in March
Banks hold an outstanding KRW2.36t in deposits as of end-March.
BOK joins project exploring use of tokenisation to improve cross-border payments
Seven other central banks globally have joined the project.
South Korea’s interest rates for new deposits, loans fall in January
Average interest rate for new loans taken by large firms dropped 12 basis points.
South Korea’s household loans rose by $4.8b in Q4
Loans extended by banks rose by $8.5b during the period.
South Korean banks’ lending to companies up in January
This was due to season factors.
South Korea’s financial firms expect loan demand to rise in Q1: survey
Credit risks from corporations and households are also expected to rise, however.
South Korean bank’s corporate lending fell in December: central bank
The Bank of Korea blamed this on seasonal factors.
Bank lending to Korean households rose slower in December
Home mortgage lending continued to expand, but other loans contracted.
Korean central bank inks deal to develop system for testing CBDCs
LG CNS Co. will develop a set of systems for the test.
Indonesia, Korea unveil operational guidelines for local currency transactions
This is part of the two countries’ agreement to promote bilateral transactions in local currency.
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