SEOUL South Korea's central bank cut interest rates to a record low on Thursday as it warned the coronavirus pandemic would be worse for Asia's fourth-largest economy than the 2008 global financial crisis.
SEOUL South Korean exports for the first 20 days of May tumbled 20.3% from the same period a year earlier, as U.S.- and E.U.-bound shipments continued to collapse, highlighting the damage on global demand from the coronavirus pandemic.
* S.Korea's elderly disco-goers say they miss dancing,
SEOUL For years, Jeong Nam-poong has found entertainment at daytime discotheques called colatecs that cater to older folks, often losing track of time while dancing the jitterbug under fairy lights and mirror balls. | Video
SEOUL South Korea on Wednesday said the government and the central bank will set up a 10 trillion won ($8.2 billion) special purpose vehicle (SPV) to directly purchase commercial paper, to calm a local debt market hammered by the coronavirus pandemic.
SEOUL South Korea's unemployment rate was unchanged in April but the number of employed fell at its fastest in more than two decades, data showed on Wednesday, as efforts to contain the coronavirus pandemic shut businesses and cut social activity.
SEOUL/JEJU, South Korea At a glitzy Chanel boutique in downtown Seoul, Kim Soo-yeon joined dozens of others in festive shorts and flare dresses, her eyes out for a clutch purse she had coveted for weeks during the coronavirus pandemic. | Video
SEOUL North Korean leader Kim Jong Un did not undergo surgery during almost three weeks of absence from public life, a South Korean official said on Sunday, as the two Koreas exchanged gunfire at the Demilitarized Zone (DMZ) separating the two sides. | Video
SEOUL South Korea will further relax social distancing rules from May 6, allowing a phased re-opening of businesses, as the nation has largely managed to bring the coronavirus outbreak under control, Prime Minister Chung Sye-kyun said on Sunday.