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Bank of Korea cuts key rate to 2.5% to boost economy

The Bank of Korea (BOK) on May 29 lowered its benchmark interest rate by 25 basis points, from 2.75 percent to 2.5 percent. This marks the fourth rate cut since last October and brings the rate down to its lowest level since August 2022 — a span of two years and nine months. The decision comes amid growing concerns over the economy, after the BOK sharply do..

Gov’t to supply 114,000 new public homes
AsiaToday reporter Lee Ji-hoon The government plans to supply 114,000 public rental houses nationwide over the next two years in a bid to alleviate th..

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