SEOUL South Korea's central bank kept its benchmark rate steady and struck an upbeat tone, citing signs of an improving trade environment and a resilient domestic backdrop that suggested policymakers are in no rush to lower borrowing costs again.
SEOUL South Korea's central bank kept monetary policy unchanged on Friday but a split vote in the decision provided a firm signal the bank was shifting to a dovish footing as the intensifying Sino-U.S. trade war bolstered the case for more stimulus.
SEOUL South Korea's central bank is expected to keep monetary policy unchanged this week, a Reuters poll showed, although pressure is growing to cut interest rates as the ongoing U.S.-China trade dispute hits global demand for the country's exports.
SEOUL/BEIJING Swedish carmaker Volvo said on Wednesday it had signed long-term battery supply deals with Asian firms LG Chem and Contemporary Amperex Technology Co Ltd (CATL), as it pushes its EV target of 50 percent of sales by 2025.
SEOUL Cho Min-kyong boasts an engineering degree from one of South Korea's top universities, a school design award and a near-perfect score in her English proficiency test.
SEOUL North Korea has conducted a "strike drill" for multiple launchers, firing tactical guided weapons into the East Sea in a military drill supervised by leader Kim Jong Un on Saturday, the North's state media reported on Sunday. | Video
SEOUL South Korea's exports contracted less in April than in the previous month, but the fifth straight of month of shrinkage, with memory chip shipments down 13.5 percent, could hurt chances of the trade-reliant economy returning to growth this quarter.
SEOUL South Korean exports are seen contracting for a fifth straight month in April but at a slower pace, dragged by plummeting shipments to China and as Sino-U.S. trade frictions take their toll on Asia's fourth-largest economy.
SEOUL South Korea's economy unexpectedly shrank in the first quarter, marking its worst performance since the global financial crisis, as companies slashed investment and exports slumped in response to Sino-U.S. trade tensions and cooling Chinese demand.