NSP NEWS

At the end of last month, resident foreign currency deposits at foreign exchange banks has been on the declined for three consecutive months, amounting to $95.01 billion (KRW 130.8667 trillion).

Korean exchange rate authorities warned, “We are closely monitoring exchange rates movements and foreign currency demands and supplies, “ and added, “Significant imbalance in FX market is not desirable for Korean economy” as the won hit the 1400 mark in the morning on April 16, The warning was given by financial leaders, Kumhwa Oh, the Director General of the International Department at the Bank of Korea, and Shin Joong-beom, the Director General of the International Finance Bureau at the Ministry of Economy and Finance, in an attempt to downgrade the currency.

Corporate loans expanded by 10.4 trillion won in March, the second-largest expansion in March in Korean history.

With the U.S.

Strong oil prices and dollars to Korean won increased both import and export price indexes to last month.

More bonds were issued last month, with clear differences in sales by bond type.

Last year, South Korea’s economy grew by 1.4%.

Regarding the Hong Kong H Index Equity Linked Securities (ELS), the head of the Financial Supervisor

Kbank, an internet-only bank, attracted 10 million customers and is now waiting for an IPO.

The Bank of Korea’s Monetary Policy Committee froze the base rate at the current level of 3.5%.