SOUTH KOREA

Won Notes

Bank Of Korea Maintains Interest Rate At 2.75%

The Bank of Korea Friday announced its decision to keep the policy rate at 2.75 percent but the market participants feel that additional stimulus measures are urgently needed to give a boost to the country's weakening economy.

South Korea’s M2 Money Supply Growth Slows Down In September

Won Notes
South Korea's M2 Money Supply grew at a slower rate in September than in the previous month, indicating that more monetary easing policies are necessary to increase the amount of currency in circulation, which in turn can result in reviving the country’s economic growth.
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Won Notes

South Korea’s Industrial Production Rises 0.8% In September

South Korea’s industrial output rose in September compared to that in the previous month, ending the period of contraction for the last three months, indicating that there is hope that the country’s economy is reviving in spite of the soft global demand.
Gangnam Style

South Koreans Miffed At Japan’s Cold Shoulder To ‘Gangnam Style’

South Korean singer Psy may have virtually conquered the world with his sensational hit “Gangnam Style” and high profile celebrities, including U.N. chief Ban Ki-moon, may have had their moments mimicking his “horse dance.” But the Japanese don’t seem to be following the mass hysteria and South Koreans suspect territorial dispute between the two countries is the reason for Japan’s cold shoulder to “Gangnam Style.”
An investor scratches his head in front of a computer screen showing stock information at a brokerage house in Hefei

Asian Markets Rise On Upbeat US Data

Asian markets rose Thursday as investor sentiment was lifted with the encouraging report on the rise of the new homes sales in the U.S., in an indication that the world’s largest economy is regaining the growth momentum.

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