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South Korea makes surprise rate cut
South Korea's central bank cuts a key rate to nurse a slower economy
South Korea’s central bank on Thursday lowered its key policy rate for the second straight month and said the country’s economy will grow at a slower pace than it initially anticipated. Following a meeting of its monetary policymakers,
South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009
This was the first time the BOK enacted two back-to-back cuts since 2009. It had cut rates by 25 bps in its last meeting in October. Economists polled by Reuters had estimated the
South Korea makes first back-to-back rate cuts since 2009
South Korea's central bank cut benchmark interest rates for a second straight meeting on Thursday in a surprise move as the economy stalled and inflation slowed more than policymakers predicted.
South Korea Battles 2nd Day of Heavy Snow
South Korea battles second day of heavy snow; four dead
South Korea grappled with heavy snowfall for a second day on Thursday, with dozens of flights cancelled, ferry operations suspended and at least four people reported dead in a bitter winter, though conditions showed signs of easing.
South Korea officials say three dead in heavy snowfall
Heavy snowfall blanketed South Korea for a second consecutive day Thursday, resulting in three deaths overall and disrupting flights and ferry services, authorities said.The snow caused three fatalities in Gyeonggi province around the capital Seoul,
See it: Seoul's worst November snowstorm in over 100 years causes deadly havoc in South Korea
A deadly and historic November snowstorm paralyzed parts of South Korea on Wednesday, as heavy snow warnings led to widespread power outages and flight cancellations.
Russia, North Korea
North Korea expands weapons plant that makes missiles used by Russia, researchers say
North Korea is expanding a weapons plant that manufactures missiles used by Russia against Ukraine, according to new research from a US-based think tank.
Putin and Kim Could Meet To Cement Russia-North Korea Axis
South Korea's defense chief Shin Won-sik said the North's latest attempt to launch a spy satellite is in the "final stages"
North Korea to provide Russia with more ballistic missiles and heavy equipment – US
The United States has information that North Korea is preparing additional supplies of ballistic missiles to Russia, as well as long-range self-propelled artillery and multiple launch rocket systems (MLRS).
Korea Eyes $10 Billion in Support for Chipmakers
South Korea to Roll Out $10 Billion in Loans Next Year to Support Chip Industry
SEOUL (Reuters) - South Korea plans to roll out 14 trillion won ($10 billion) of low-interest loans next year to support its chip industry, the finance ministry said, as the sector grapples with Chinese competition and uncertainties over a new U.S. administration.
Korea Eyes $10 Billion in Support for Chipmakers in 2025
South Korea plans to bolster its fiscal support for domestic chipmakers next year, shoring up an industry that may face unfavorable policies from the incoming Trump administration and more intense challenges from Chinese rivals.
South Korea plans $10bn in loans to support semiconductor industry-report
The country is constructing what it expects to be the world's largest high-tech chipmaking cluster in Yongin and Pyeongtaek.
6h
on MSN
Controversial American live-streamer faces prison in South Korea for offensive behavior
A controversial American live-streamer is facing the prospect of prison in South Korea for his offensive antics, in a case ...
6m
At least 29 flights between Singapore and S. Korea affected after snowstorm; delays of up to 9 hours
Singapore Airlines said five flights faced delays ranging from one to nine hours. Read more at straitstimes.com.
3h
South Korea export growth seen at 14-month low amid US tariff uncertainty: Reuters poll
South Korea's export growth is expected to have slowed for a fourth straight month in November and to be the weakest in 14 ...
2d
on MSN
South Korea convicts man over binge eating to dodge military draft
A South Korean man who ate to the point of obesity in an attempt to dodge the army has avoided prison after he pledged to ...
12h
First Sports: Russia sign new sporting deal with North Korea, but is that a concern for rest of the world?
Russia and North Korea recently signed a protocol for sports exchanges in 2025. This has come at a time when Russia have been ...
1d
on MSN
Exclusive-Trump team weighs direct talks with North Korea's Kim in new diplomatic push, sources say
President-elect Donald Trump's team is discussing pursuing direct talks with North Korean leader Kim Jong Un, hoping a fresh ...
23h
Ukraine war latest: Kyiv officials 'in South Korea for weapons aid talks'; Russia 'working to deploy intercontinental missile'
A Ukrainian delegation led by the country's defence minister is in Seoul to ask for weapons to be used in the war, according ...
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