South Korea's Current Account Surplus Contracts in July
South Korea's GDP Grows 2.3% in Q2 in Line With Bank of Korea's Advance Estimate
Foreign investors bought 1 billion US dollars of South Korean bonds within one day, what does this signal?
According to data from the Financial Supervisory Service of South Korea, foreign funds flowing into South Korean bonds surged on Tuesday, with a net inflow of over $1 billion, the highest level since November last year.
South Korean Shares Plunge on Overnight Wall Street Losses; Samsung Loses 3%, SK Hynix 8%
South Korea's Official Foreign Reserves Increase in August
ING Bank: The easing inflation in South Korea may prompt the South Korean central bank to cut interest rates in October.
In a report, ING Groep stated that South Korea's overall inflation rate in August dropped significantly from 2.6% in July to 2.0%, which may lead to a policy rate cut by the Bank of Korea in October. ING Groep pointed out, 'With inflation moving towards the target range of the Bank of Korea, the likelihood of a rate cut in October has increased.'