South Korean authorities have indicated they will intervene if the volatility in the foreign exchange (Forex) market continues. The government and the Bank of Korea have concerns regarding the rapid declining value of the won and plan to keep a close eye on the Forex market.
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South Korea Planning Currency Intervention
Posted 
March 20th, 2008 by 
Jon
Posted in Forex News | No Comments »
South Korea raises rates again to dampen inflation
South Korea’s central bank has raised its key interest rate in a bid to head off mounting inflationary pressure amid high oil prices and an ongoing economic expansion. 
The Bank of Korea raised the June target for the inter-bank overnight call rate by 0.25 percentage points to 4.25 percent after keeping the rate unchanged for three consecutive months.
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Posted June 10th, 2006 by Jon
Posted in Forex News | No Comments »
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