The Bank of Korea initiated a new easing cycle with a 25 basis point rate cut.
Shares opened higher Friday with the Korean central bank set to hold a rate-setting meeting later in the day.
Korea’s central bank slashed the benchmark interest rate by a 25 basis point to 3.25 percent on Friday, delivering its first rate cut since May, 2020.
Korea's fiscal deficit grew markedly during the first eight months of 2024 amid weak corporate performances, the Finance Ministry said Thursday.
A woman passes a loan promotion poster at a bank in Seoul on Wednesday. Korea's ratio of household debt to gross domestic product has reached its lowest point in four years and three months.
Electric vehicle registrations in Korea dropped 40.1 percent in August-September.
Korea's peak electricity demand hit a new record in September, as the scorching summer heat extended into the autumn season, data showed Wednesday.
Korea will join FTSE Russell's World Government Bond Index in November 2025, expected to draw $56 billion in foreign investments.
The average price of gas in Korea dropped to 1584.15 won ($1.17) per liter on Tuesday.
Korea racked up a current account surplus for the fourth consecutive month in August, driven by robust chip exports, central bank data showed Tuesday.
Korea JoongAng Daily Sitemap
