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

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.

South Korea's central bank cut policy interest rates for a second straight meeting in a surprise move as the economy stalled and inflation slowed more rapidly than policymakers predicted. The Bank of Korea (BOK) lowered its benchmark interest rate by a quarter percentage point to 3.

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