Kwon Goohoon

Kwon Goohoon News

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  Growth Not Missile Threat Tops Park's South Korea Agenda

  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.

• Won Climbs to 7-Week High on Trade; Bond Yields at Record Low

  The won touched a seven-week high, and bond yields fell to a record low, as South Korea posted a trade surplus and the U.S. Federal Reserve’s stimulus program fueled speculation investors will buy more emerging-market assets.

• South Korea to Unveil Policies to Boost Corporate Investments

  South Korea’s government will unveil policies within days to remove “unreasonable” regulations that deter companies from making investments, Finance Minister Hyun Oh Seok said.

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  Bank of Korea Leaves Key Interest Rate Unchanged as It Weighs Growth Risks

  The Bank of Korea kept interest rates unchanged after two increases this year, opting to see how rising oil prices and Japan’s earthquake will affect economic growth amid accelerating inflation.

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  Bank of Korea Trims 2012 GDP Growth Forecast to 3.5%

  The Bank of Korea lowered its economic growth forecast for the year amid volatile oil prices and persistent worries about Europe’s debt crisis while its inflation projection was also trimmed.

• Goldman Sachs Changes Korea Rate Forecast to ‘No Cut’ for 2012

  The Bank of Korea will leave borrowing costs unchanged this year, Goldman Sachs Group Inc. said, changing its earlier forecast for a 50-basis point cut.

• Bank of Korea Kim’s ‘Follow-Up Measures’ Spur Rate-Cut Optimism

  Speculation is building that the Bank of Korea will lower interest rates as soon as next month after Governor Kim Choong Soo said the board discussed “follow-up measures” at a policy review today.

• South Korea Set to Follow Australia in Holding Rates as Inflation Persists

  South Korea will probably follow Australia’s lead and refrain from cutting interest rates tomorrow as the global economy shows signs of strength and officials highlight price pressures.

• Korean Won Climbs, Bonds Fall on IMF Forecast, Spain

  South Korea’s bonds fell the most in almost two months as Bank of Korea left interest rates unchanged and Governor Kim Choong Soo said the board didn’t discuss a cut. The won declined.

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  Bank of Korea Holds Interest Rate at 3.25% as Stock Rout Clounds Outlook

  The Bank of Korea kept interest rates unchanged for a second month after an increase in June as the U.S. rating downgrade and Europe’s debt woes intensified threats to the world economic recovery.

Quote

• "Weak private consumption and inventory drawdown suggest a still slower recovery in private demand, which makes the coordination of policy stimulus all the more important. We're trying to do a major easing of rules to revitalize investment."

  - Kwon Goohoon on Apr 28, 2013

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