south korean economy

Latest news and articles about south korean economy from NEX English

Korean Central Bank Holds Interest Rate at 2.50% Amid War Uncertainty

The Korean Central Bank announced it will maintain the main interest rate at <strong>2.50%</strong> due to ongoing impacts from the war in Iran. This decision comes as oil prices rise and inflation and economic growth threats loom.

Weakening of Korean Won May Require Urgent Stabilization Measures

Kim Sung-jo, head of South Korea's largest pension fund, stated that the recent decline of the Korean won against the US dollar during market turmoil may necessitate immediate actions for stabilization. This was mentioned during an interview in Seoul.