Bank of Korea

Money Moves

Publishing quarterly flow-of-funds data; says growth will beat forecasts on chip exports

South Korean companies held 67.1 trillion won in surplus financial assets at the end of June, more than triple the record set three months earlier, as memory chip profits piled up at Samsung Electronics and SK hynix. The boom has not slowed. Samsung reported 107.4 trillion won in third-quarter operating profit on October 22, the first time a private company has cleared 100 trillion won in a quarter.

Updated Oct 24

Money Moves

Conducting a tightening cycle amid elevated inflation and strong growth

The Bank of Korea left its benchmark rate at 3% on October 22, pausing after consecutive hikes in July and August. All seven board members voted to hold.

Updated Oct 22