Seoul - South Korea's central bank Friday lowered its key interest rate for the third time in less than a month, saying the cut was made necessary by a persisting domestic economic slowdown.
The Bank of Korea's fiscal policy committee decided to cut the benchmark seven-day repo rate by 0.25 per cent to 4 per cent. The cut comes after a dramatic 75-basis-point cut in late October which followed a cut by 25 basis points earlier that month.
Seoul (S. Korea), Nov. 4 : South Korean Defence Minister Lee Sang-hee has claimed that North Korea is building a new missile launch site, which will be capable of firing an even longer-range missile than the country has tested in the past.
According to Fox News, Lee Sang-hee told parliament that construction on the new missile site on North Korea''s west coast, which began eight years ago, was about 80 percent complete.
Seoul - Shares surged more than 2 per cent Tuesday on the Seoul stock exchange led by construction and bank stocks that are expected to benefit from recent government measures to stimulate the econ
Seoul - Shares surged more than 2 per cent Tuesday on the Seoul stock exchange led by construction and bank stocks that are expected to benefit from recent government measures to stimulate the econ
Seoul - Shares surged 1.4 per cent Monday on the Seoul stock exchange as a recent currency swap between South Korea's central bank and the US Federeal Reserve as well as new stimulus measures for the local economy boosted investor sentiment. South Korea's currency surged against the dollar.
The benchmark Kospi index rose 16.02 points to close at 1,129.08.
Advancing issues outpaced decliners 660 to 192.
The main index of the technology-heavy Kosdaq market rose 17.53 points to 325.56.
Seoul - South Korea's central bank Friday lowered its key interest rate for the third time in less than a month, saying the cut was made necessary by a persisting domestic economic slowdown.
Seoul - Shares crashed Thursday on the Seoul stock exchange a
Seoul (S. Korea), Nov. 4 : South Korean Defence Minister Lee Sang-hee has claimed that North Korea is building a new missile launch site, which will be capable of firing an even longer-range missile than the country has tested in the past.
Seoul - Shares surged 1.4 per cent Monday on the Seoul stock exchange as a recent currency swap between South Korea's central bank and the US Federeal Reserve as well as new stimulus measures for the local economy boosted investor sentiment. South Korea's currency surged against the dollar.
