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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..

Banks seek to improve vacation policy for better work-life balance
By AsiaToday reporter Lee Seon-yeong More banks are seeking work-life balance in South Korea. They are trying to improve their vacation policies by encoura..

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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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