The Bank of Korea has announced that it will hold trials for its central bank digital currency (CBDC) project from April to June. The bank said the pilot project referred to as “Hangang" will involve ...

Commercial banks are rushing to cut their loan interest rates following the Bank of Korea's (BOK) latest 25 basis-point cut to the benchmark interest rate, according to industry officials Wednesday.

South Korea is launching a CBDC trial with 100,000 consumers, using digital currency-backed deposit tokens for retail ...

The Bank of Korea says it is taking a “cautious approach” to potentially including Bitcoin as a foreign exchange reserve.

Expectations are growing that the long-undervalued shares of financial groups and banks will be re-rated, buoyed by the March ...

South Korea’s central bank cut its base rate and lowered its growth forecast for this year, as it resumed easing to support a sagging economy. Growth in Asia’s fourth-largest economy remains ...

SEOUL -- South Korea's central bank cut its key interest rate by one quarter of a percentage point to 2.75% on Tuesday amid projections of weak growth in Asia's fourth-largest economy. The ...