South Korea’s central bank has lowered its key policy rate and says the country’s economy will grow at a slower pace than it initially anticipated

South Korea's central bank on Thursday cut its benchmark interest rate by 25 basis points to 3% in a surprise move.Economists polled by Reuters had estimated the bank to hold rates at 3.25%.This is the second straight cut as the Bank of Korea lowered rates by 25 basis points in its last meeting in October as well.

The Bank of Korea ramped up its support for the economy with a surprise interest rate cut as Governor Rhee Chang-yong sounded the alarm over the potential impact of Donald Trump’s return to power on global trade.

KYIV (Reuters) -Ukrainian Defence Minister Rustem Umerov said he had discussed joint steps to strengthen security and stability with South Korean President Yoon Suk Yeol while on a visit to Seoul on Wednesday.

Ukrainian President Volodymyr Zelenskiy addresses South Korean parliament via video link at National Assembly in Seoul, South Korea April 11, 2022. Chung Sung-Jun/Pool via REUTERS/File Photo SEOUL (Reuters) - South Koreans remain widely opposed to directly supplying arms to Ukraine,

US officials stress Russia’s sole responsibility for deployment of North Korean troops in its war of aggression with Ukraine