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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..

  • KCCI to host Dialogue of Korean-Chinese Businesspeople

  • By AsiaToday reporter Kim Yoon-joo Korean and Chinese businesspeople and former government officials will meet to discuss economic cooperation between..
  • Gov't proposes 3.9 trillion-won extra budget to create jobs for youth

  • By AsiaToday reporter Cho Sang-eun The government on Thursday proposed a 3.9 trillion won (US$3.7 billion) extra budget for the youth employment and region..
  • Gov't to tackle youth unemployment with KRW 4 trillion won extra budget plan

  • By AsiaToday reporter Cho Sang-eun The South Korean government aims to tackle chronic youth unemployment by trying every possible method, including bolder..
  • Gov't to discuss support plan with GM

  • By AsiaToday reporter Choi Won-youngThe government will meet with GM International chief Barry Engle to discuss support measures for GM Korea in earnest. S..
  • S. Korea to dismiss 274 public employees involved in solicited employment

  • By AsiaToday reporter Kim Eun-sung274 executives and senior officials at public firms will be fired or referred to state prosecutors due to involvement in..
  • S. Korea seeks global alliance against trade protectionism

  • By AsiaToday reporter Choi Won-youngSouth Korean Trade Minister Kim Hyun-chong, who flew to Davos in search of countermeasures against the US trade protect..
  • S. Korea to file WTO petition against U.S. safeguard measures

  • By AsiaToday reporter Choi Won-youngThe government plans to file a petition with the World Trade Organization (WTO) against the U.S. government for imposin..
  • S. Korea to curb cryptocurrency speculation, but to support blockchain R&D

  • By AsiaToday reporter Choi Tae-beom The South Korean government vowed Monday to keep pushing for real-name transactions and to deal sternly with illegal ac..
  • S. Korean gov't unveils "people-centered" economic directives

  • By AsiaToday reporter Jo Sang-eun The South Korean government's direction of its 2018 economy policies is focused on realizing the people-centered economy...
  • The era of ultra-low interest rates comes to an end

  • By AsiaToday reporter Kim Bo-yeonThe era of ultra-low interest rates has come to an end. The Bank of Korea (BOK) has raised interest rates for the first ti..
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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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