NSP NEWS

As international oil prices and the won-dollar exchange rate rose, import prices rose for the first time in three months.

In January, household debts from banking and non-banking sectors expanded to 800 billion won MoM.

Bank of Korea (BoK) said it issued about 500 billion won money than last year before the Korean Lunar New Year holidays, affected by the late holidays in February.

For the frozen base rate to 5.25 to 5.55% by the US Federal Reserve System (Fed), the Bank of Korea (BoK) says, “We will closely monitor the financial and foreign exchange markets home and abroad as the Fed highlights data-driven decision making.” On February 1, BoK held a “meeting for checking market status” to look into international financial markets and the effects on the Korean financial and foreign exchange markets caused by the US’s Federal Open Market Committee (FOMC).

stWEMIX, a token associated with WeMix, has been listed on the global cryptocurrency exchange BitMart.

Last month, both corporate and household loan interest rates dropped, resulting in a 0.12%p decrease in loan rates to 5.14%.

The Financial Supervisory Service (FSS) gathered CEOs of real estate investment trusts amid heightened concerns about construction companies’ workouts and poor project financing in the real estate market.

At the first monetary policy direction meeting of the year, the Bank of Korea’s Monetary Policy Committee agreed that “the need for further tightening of the base rate has decreased.” However, they expressed the opinion that lower interest rates may have side effects because the risk of rising prices may increase in a situation where the proportion of household debt is still high.

Toss Bank, an internet-only bank, introduced a foreign exchange service that offers free currency exchange for life.

The balance of corporate loans stood at KRW 1247.7 trillion last year.