ING Groep NV is the only bank left predicting a 2014 interest-rate cut in South Korea. There may be none soon as the call is reviewed after a Bank of Korea meeting that prompted Goldman Sachs Group Inc. to pull its forecast.
At a job interview for Starbucks Coffee Korea Co., Jeong Eun Suk watched two women break down in tears of joy at being given the chance to work. They had quit to raise children, a path in South Korea from which there are few ways back.
Goldman Sachs Group Inc. recommends selling the South Korean won and the most-accurate forecaster Scotiabank sees possible interest-rate cuts, as exporter earnings are wrecked by currency appreciation.
Nomura Holdings Inc., the most- accurate forecaster of Bank of Korea action in the past six months, is sticking with its outlook for interest-rate increases after Goldman Sachs Group Inc. predicted a cut.
With North Korea escalating its threats to test a ballistic missile, South Korean President Park Geun Hye was conferring with Bill Gates on another pressing matter. Seated across from Microsoft Corp.’s billionaire co- founder on April 22 at a formal dining table in the Blue House, her official residence, Park picked the tech mogul’s brain about how to nurture entrepreneurs to keep the world’s 15th-largest economy humming.
The Bank of Korea kept its benchmark interest rate unchanged for an eighth straight month, citing strength in Asia’s fourth-biggest economy even as a weak yen threatens some industries competing with Japanese companies.