Bank of Korea

The central bank also flags rising credit risks among vulnerable borrowers and businesses

The central bank targets inflation at 2% in the medium term

Its Customs Service uncovers 415.4 billion won in illegal FX transactions at 38 firms between January and May

Policymakers are confronting a rare mix of cost-push and demand-driven inflation pressures

Central bank votes 5-2 to hold interest rates steady at 2.5%; analysts expect at least one rate hike by end-September

The cost of units in the city are up 0.31% in the week ended May 18, the fastest weekly increase since Jan 26

The services account has posted a US$1.3 billion deficit

The South Korean currency has recently touched its weakest level against the US dollar since the global financial crisis

Shin Hyun-song also highlights a longer-term need to reassess the role of the central bank