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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..

  • Gov't unveils new measures to boost economy

  • By AsiaToday reporter Cho Sang-eun The government has unveiled a set of measures that will bolster private investment and generate new jobs amid the s..
  • Gov't imposes tougher taxes on properties to curb speculative buying

  • By AsiaToday reporter Cho Sang-eun The government on Thursday unveiled a set of tough measures aimed to curb property speculation.Under the new measur..
  • Gov't proposes record 471 trillion won budget for 2019

  • By AsiaToday reporter Cho Sang-eun The 2019 budget has been set at 470.5 trillion won (US$424 billion). In particular, the government allocated 3..
  • 6 out of 10 Gangnam apartments sold by non-Gangnam residents

  • By AsiaToday reporter Cheong Ah-reum The number of non-Gangnam residents buying an apartment in the affluent areas of southern Seoul known as Gangnam..
  • [Exclusive] Saudi Crown Prince may visit South Korea

  • By AsiaToday reporters Choi Won-young & Choi Hyun-minSaudi Arabia's de-facto ruler, Crown Prince Mohammad Bin Salman, is considering to visit South Kor..
  • S. Korea, UAE to set agricultural cooperation committee in October

  • By AsiaToday reporter Cho Sang-eun The government will seek to restore relations with the United Arab Emirates (UAE) by expanding cooperation in the a..
  • Samsung to invest 180 Tln Won and hire 40,000

  • By AsiaToday reporter Kim Kyu-bin Samsung plans to invest 180 trillion won (US$160 billion) over the next three years to revitalize the national econo..
  • Criticism mounts against government's power bill relief

  • By AsiaToday reporter Choi Won-youngThe National Assembly and the government have decided to temporarily ease Korea's progressive electricity rates for Jul..
  • S. Korea lowers growth estimate, set to spend more to revive economy

  • By AsiaToday reporter Cho Sang-eun South Korea's government lowered its growth estimate for the gross domestic product (GDP) for this year to 2.9 perc..
  • Gov't to provide housing support for newlyweds, youth

  • By AsiaToday reporter Cheong Ah-reum The government will provide housing support for 1.63 million households comprising newlyweds and young people by 2022...
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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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