Latest News for: Banking korea

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Korea to provide $200 mil. in humanitarian aid to Ukraine in 2024

Korea Times 18 Apr 2024
Korea also will donate $50 million each to the World Bank and the European Bank for Reconstruction and Development for their projects to help Ukraine, the ministry said ... Korea and the organization.
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Eximbank Korea to send young experts to 13 countries for overseas development assistance

Korea Times 18 Apr 2024
The headquarters of Export-Import Bank (Eximbank) of Korea / Courtesy of Eximbank ... development initiative mediated by the Export-Import Bank (Eximbank) of Korea, the state-run lender said Thursday.
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IMF tells Asian central banks not to follow Fed too closely

Khaleejtimes 18 Apr 2024
Bank of Korea Governor Rhee Chang-yong told a separate IMF seminar on Wednesday that fading Fed rate-cut chances have caused headwinds for the won, and complicated his bank’s decision on when to start cutting borrowing costs.
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US nods to 'serious' Japan, Korea concerns over slumping currencies

Korea Times 18 Apr 2024
Bank of Korea Governor Rhee Chang-yong said on Wednesday authorities have the resources and tools to smooth out any volatile moves in the country's currency, signaling readiness to intervene in the market to shore up the won.
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Global procurement experts attend workshop in Korea

Korea Times 17 Apr 2024
As the workshop, which started in 2016, is co-hosted for the first time in Korea with the Inter-American Development Bank (IDB), it is expected to strengthen Korea’s cooperation with Latin America, the Caribbean and beyond.
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UAE Banks Take Over Financing of Barakah Nuclear Power Plant

The Arabian Post 17 Apr 2024
Previously, the Export-Import Bank of Korea (KEXIM) provided loan facilities to support the construction and development of the Barakah plant ... via UAE Banks Take Over Financing of Barakah Nuclear Power Plant ....
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Korean stock market hit by foreign investor exodus amid weak won

Korea Times 17 Apr 2024
When the won-dollar exchange rate briefly reached 1,400 on Tuesday, both the finance ministry and the Bank of Korea intervened verbally, cautioning that an "excessive focus on the foreign exchange ...
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Seoul, Tokyo vow 'appropriate action' on weak yen and won

The Manila Times 17 Apr 2024
"Foreign exchange authorities are closely watching exchange rate movements, foreign exchange supply and demand with special vigilance," officials from the finance ministry and the Bank of Korea, said in a statement Tuesday.
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Pepper Savings Bank's rating cut concerns industry

Korea Times 17 Apr 2024
Savings banking industry posts first annual loss in 9 years since 2014 ... Korea Ratings, another credit ratings agency in the country, downgraded Baro Savings Bank's credit rating from "BBB+ (negative)" to "BBB (stable)" early last month.
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Bank of Korea chief: We're not cutting rates yet as headline inflation is 'quite sticky'

CNBC 17 Apr 2024
Rhee Chang-yong, governor of the Bank of Korea, says "our problem is that unlike U.S. and Europe, our headline inflation is higher than core inflation." ... .
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Bank of Korea chief says won volatility is a little 'excessive' and will intervene if needed

CNBC 17 Apr 2024
The Bank of Korea will intervene to control currency volatility if needed, the BOK chief said, describing the recent market fluctuations as a little "excessive." ... .
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Morgan Stanley to slash 13% investment banking jobs in Hong Kong and China, biggest cut in region in years

Live Mint 17 Apr 2024
... bank also made some senior hires for its investment banking division this year, including Michael Ginzburg from Goldman Sachs in Australia, and ex-Credit Suisse banker Seiwon Kim in Korea.
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Morgan Stanley planning major round of layoffs in China

The National 17 Apr 2024
The bank also made some senior hires for its investment banking division this year, including Michael Ginzburg from Goldman Sachs in Australia, and ex-Credit Suisse banker Seiwon Kim in Korea.
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