S. Korea’s export prices continued to fall in June: BOK

[THE INVESTOR] South Korea’s export prices continued to fall in June, mainly on the back of lower international oil prices, according to preliminary Bank of Korea data on July 13. Export prices, in terms of the Korean currency, fell 4.9 percent on-year in June, with the pace quickening from a 4 percent decline in May. The country’s export price index came to 77.97 percent last month, up 0.7 percent from 77.44 percent the previous month, according to the central bank data.However, from a month ea

July 13, 2016

BOK expected to cut growth forecast again

[THE INVESTOR] The Bank of Korea may lower its economic growth forecast again, and maintain the key rate at 1.25 percent. The central bank is set to hold a Monetary Policy Committee meeting on July 14, and announce a new growth forecast, and pundits say that the 2.8 percent target is likely to be lowered. BOK Gov. Lee Ju-yeol stated after last month’s meeting that the slowdown in global trade is bigger than initially anticipated, and that risks arising from corporate restructuring is likely to g

July 13, 2016