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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..

US tariff hike on Chinese goods could slash 1 tln-won from Korean exports
By AsiaToday reporter Choi Won-youngAs the United States plans to hike tariffs on another $325 billion in Chinese imports following its 25% tariff hikes on..

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