The Monetary Policy Committee of the BOK froze the base rate at the current 3.5%.

The top of the benchmark interest rate rose to 5.50% as the Federal Reserve System(Fed), the U.S.

Residents’ foreign currency deposits at foreign exchange banks increased by $3.04 billion last month as money accumulated overseas by local companies returned to Korea.

On the 13th, the BOK’s Monetary Policy Committee(hereinafter referred to as the Monetary Policy Committee) decided to ‘freeze’ the base rate.

Bank of Korea’s Monetary Policy Board (MPB) chose to keep the base rate at 3.5%, from promising signs of a “steady declining in exports and slightly better growth rate” on July 13.

CJ CGV is pursuing a capital increase of up to 1 trillion won to stabilize its financial structure and strengthen future business operations.

LG Energy Solution is embarking on its first corporate bond issuance since its establishment.

According to the ‘First Half of 2023 Financial Stability Report’ released by the Bank of Korea on the 21st, in the case of household loans handled during 2013-2019, loans by borrowers in their 30s or younger accounted for 29.6% of the total, but in the case of household loans handled during 2020-2021, which experienced Corona 19, the proportion significantly increased to 38.3%.

It's been reported that the abnormal foreign currency remittances identified by the Financial Supervisory Service (FSS)'s general inspection on banks since June last year reached US$7.22 billion (about KRW 9.38 trillion).

At the last meeting of the Monetary Policy Committee of the BOK in the first half of this year, it decided to freeze the base rate at the current 3.5% level.