SEOUL, South Korea ... bank slashed its 2025 growth outlook to 0.8%, nearly halving its previous projection of 1.5% announced in February. Share prices jumped, with the Kospi gaining 1.7%.

Stream San Diego News for free, 24/7, wherever you are with NBC 7. The Bank of Korea reduced rates to ... % after the announcement, while the South Korean won weakened 0.71%, last trading at ...

SEOUL (Reuters) -South Korea's parliament approved a supplementary government budget on Thursday of 13.8 trillion won ($9.7 billion ... interest rate cuts by the Bank of Korea.

Despite intense lobbying from the South Korean government to reverse a preliminary decision, the United States recently placed South Korea on the Department of Energy’s (DOE) Sensitive Country List.