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.

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

A Ukrainian delegation led by Defence Minister Rustem Umerov is visiting South Korea this week to ask for weapons aid to be used by Kyiv in its war with Russia, according to media reports. The delegation had met with South Korea's National Security Adviser Shin Won-sik to exchange views on the conflict in Ukraine,

A Ukrainian delegation led by Defense Minister Rustem Umerov arrived in South Korea on Nov. 27, with the aim of requesting military aid from Seoul, several media outlets reported.

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