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Tuesday, Jun, 3, 2025

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ECONOMY

  • 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..

  • S. Korea tops OECD’s 2020 growth rate forecast

  • AsiaToday reporter Lee Ji-hoon The Organization for Economic Cooperation and Development (OECD) raised its growth outlook for the South Korean economy..
  • Gov’t new supply plan seen as inconsistent

  • AsiaToday reporter Lee Chul-hyun The government is expected to push forward in its latest housing supply plan of providing 260,000 homes in and around..
  • S. Korea may utilize military-owned land to build homes

  • AsiaToday reporter Lee Chul-hyunAs the government announced that it would come up with measures to supply housing in the metropolitan area as soon as possi..
  • S. Korea revises tax rules to respond to post-coronavirus economy

  • AsiaToday reporter Cho Sang-eun The government’s latest tax revision plan announced by the Tax Development Review Committee on Wednesday seeks to revi..
  • Gov’t considers opening up greenbelt zones

  • AsiaToday reporter Choi Joong-hyun The government is considering opening up greenbelt zones to make more land available for housing in the metropolita..
  • Samsung avoids worst-case scenario, but uncertainty remains

  • AsiaToday reporter Jeong Seok-manAn external review panel in South Korea recommended last Friday that prosecutors should not indict Samsung Group heir Lee..
  • Court set to decide on Samsung heir’s arrest

  • AsiaToday reporter Hwang Eui-joongA Seoul court will hold a hearing Monday to decide whether Samsung Electronics Vice Chairman Lee Jae-yong should be arres..
  • S. Korea proposes 35.3 trln won extra budget to brace for post-coronavirus era

  • AsiaToday reporter Cho Sang-eun The South Korean government on Wednesday proposed an extra budget plan worth 35.3 trillion won (US$29 billion) to over..
  • Gov’t to resume WTO complaint over Japan’s export curbs

  • AsiaToday reporter Jo Jae-hak The South Korean government on Tuesday said it will resume a complaint at the World Trade Organization (WTO) over Japan’..
  • S. Korea unveils New Deal initiative to reshape post-virus economy

  • AsiaToday reporter Cho Sang-eun The government’s economic policy in the second half of this year will focus on reviving the nation’s economy, which ha..
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“Hallyu ban to be removed quickly”: Hopes of thaw in Seoul-Beijing ties

· “Efforts will be made to remove Hallyu ban quickly”
· SK Group Chairman heads to Japan to soften “WD risk”

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Moon Ga-young shines at Radiesse pop-up studio opening event

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