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South Korea’s central bank kept rates steady

February 13th, 2012

Bank of Korea (BOK) on Thursday (February 9), as expected, for eight weeks to sustain the benchmark attention amount unchanged at 3.25 percent. Kim Choong-soo, the financial institution president, stated the attention amount resolution was adopted unanimously. Raise attention prices by 25 foundation factors so much considering that June 2011, the financial institution of Korea continues to be the benchmark attention amount maintained at 3 Read More...

North Korea set up the economic development institution

January 17th, 2011

[caption id="attachment_851" align="aligncenter" width="300" caption="Kim Jong Il visit factories and enterprises in North Pyongan"][/caption] North Korean leader Kim Jong Il recently visited North Pyongan factories and enterprises that should be based on national, world, confidence in the world advanced level of science and technology competition to catch up Read More...

North Korea 17 years after the re-introduction of the new currency: 100 for 1

December 2nd, 2009

North Korean Foreign Ministry officials on the 1st mission in Pyongyang, North Korea informed the ambassador said that from November 30 onwards, the original North Korea to stop using the currency will be replaced with new currency. According to reports, the new currency denomination of money to remove the existing two to zero in response to inflation and to combat the black market Read More...