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Bank of Korea – XtremeCuztoms

Tag: Bank of Korea

Samsung Presses Ahead With Central Bank Digital Currency Technology

Samsung said it would press ahead with central bank digital currency (CBDC) technology in South Korea. The South Korean tech giant is planning on launching a CBDC currency in collaboration with the Bank of Korea (BOK). CBDCs are central bank-issued and controlled digital currencies that can be exchanged using blockchain or distributed ledger technology. Central…


South Korea’s Inflation Rate Jumps to Nearly 14-year High

The inflation rate in South Korea jumped to 5.4 percent in May from the previous year, hitting a near 14-year high amid soaring crude oil and commodity prices triggered by the Russia-Ukraine war. Statistics Korea reported Friday that consumer prices accelerated from an on-year increase of 4.8 percent in April, marking the fastest annual growth…


Bank of Korea Likely to Hike Rates Again Over High Inflation, Household Debt: Reuters Poll

BENGALURU—The Bank of Korea is likely to raise its policy rate back to where it was before the pandemic on Friday, a Reuters poll found, as it looks to restrain rising inflation and the increasing debt that households are taking on to buy property. Twenty-five of 35 economists who answered a Jan. 5–11 Reuters poll…