South Korean memory chip giant offers substantial shareholder returns; won rally may receive key support

If South Korea's two major memory chipmakers raise funds in the local currency market to support their shareholder return programs, the won may sustain its recent gains.

Zhitong FinanceAug 21 15:26

An 'Overlooked' Market Event: Trilateral Intervention by the U.S., Japan, and South Korea—U.S. Treasury Steps In 'Rarely'! Is Bessent Quietly 'Rescuing the Market'?

The U.S. Treasury Department this week unusually intervened in the foreign exchange market, instructing the Federal Reserve Bank of New York to engage Wall Street banks to sell euros and buy yen, coordinating with Japan and South Korea in the largest-scale joint foreign exchange intervention in nearly three decades. Analysts believe the move goes beyond merely stabilizing exchange rates; its core objective is to prevent further weakening of Japanese and South Korean asset markets and to mitigate the risk of financial stress spilling over into the AI supply chain. By intervening in the yen through non-dollar transactions, the United States also aims to shift pressure away from the dollar and avoid imposing additional strain on the dollar system.

wallstreetcnAug 2 13:44

Bank of Korea Keeps Rates Unchanged as Mideast Uncertainty Persists

South Korea's central bank kept its base rate unchanged for a seventh straight meeting ahead of a leadership change, as Middle East tensions weigh on the trade-reliant economy.

WSJApr 10 09:29

South Korea's Current Account Surplus Sharply Rises in February

South Korea's current account surplus sharply rose to $23.19 billion in February from $13.26 billion in January, according to preliminary data from the Bank of Korea released Wednesday.

MT NewswiresApr 8 10:10

South Korea Consumer Inflation Accelerates on Mideast Energy Shock

South Korea's headline inflation accelerated in March--the first reading since the Middle East conflict began--highlighting the early effects of surging energy costs on the trade-reliant economy.

WSJApr 2 07:02