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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’s GDP grows 0.4% in Q3, dimming hopes for annual 2% growth

  • By AsiaToday reporter Cho Eun-gook South Korea’s economic growth slowed more than expected in the third quarter, dimming prospects of achieving 2% gro..
  • Gov’t to investigate suspicious real estate transactions in Seoul

  • By AsiaToday reporter Choi Joong-hyunThe government plans to conduct a thorough investigation into suspicious real estate transactions in Seoul, will inves..
  • Gov't considers senior employment after retirement age

  • By AsiaToday reporter Lee Ji-hoon The government is considering introducing a system where companies are able to select options to extend employment o..
  • S. Korea to stabilize supply of 100 key items in next 5 years

  • By AsiaToday reporter Choi Won-young In response to Japan’s export regulations, the South Korean government plans to raise self-sufficiency for 100 ke..
  • Extra budget bill pending in parliament for 95th day

  • By AsiaToday reporter Yoo Jae-hee The extra budget bill is still pending in parliament due to a political confrontation between liberal and conservati..
  • Finance minister warns of corresponding measures against Japan's export curbs

  • By AsiaToday reporter Yoo Jae-hee Deputy Prime Minister and Finance Minister Hong Nam-ki warned of corresponding measures if Japan does not withdraw i..
  • “S. Korea’s advanced agricultural technologies will be synergistic in Mongolian land”

  • By AsiaToday reporter Lee Ji-hoon “I have come to learn South Korea’s excellent agricultural technology,” said Namuun Battulga, chairman of Young Entr..
  • Finance minister calls for corporate investment

  • By AsiaToday reporter Ahn Jong-ho “In order to turn around current the economic conditions, it is important to revitalize the economy through corporat..
  • S. Korea to invest W4tr for R&D on bio-health

  • AsiaToday reporter Kim Si-young The government has chosen the bio-health industry as one of its new target growth engines. It plans to expand its annu..
  • Jobless rate rises to its highest level in 19 years

  • By AsiaToday reporter Yoo Jae-heeThe unemployment rate reached its highest in 19 years in April. The real unemployment rate for youth surpassed 25 percent,..
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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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