South Korea Lowers Growth Forecast, Cuts Interest Rates
South Korea’s central bank cut interest rates. It lowered its growth forecast on Tuesday to support the economy amid US tariff concerns and the impact...
Tag : South Korea
South Korea Spy Agency Claims DeepSeek Over-Collects Personal Data
South Korea’s National Intelligence Service (NIS) has accused Chinese AI app DeepSeek of excessive data collection and security risks, urging government agencies to take precautions....
South Korea Bans Access to DeepSeek on Government Devices
Due to security concerns, South Korea has blocked access to DeepSeek AI services on government devices. The defence, foreign, and trade ministries have restricted access...
South Korea Cuts Key Rate to Boost Slower Economy
On Thursday, South Korea’s central bank lowered its key policy rate for the second month, citing slower-than-expected economic growth. The Bank of Korea cut its...
South Korea Industrial Output Slips in September Due to Weak Chip Production
South Korea’s industrial output dipped 0.3% in September from the previous month, largely due to reduced production in the semiconductor and manufacturing sectors, Statistics Korea...
Asian Equities Rallied as Soft Yen Supports Japan
Asian stocks rose on Thursday as the weaker yen and stimulus measures from Beijing supported the region’s two largest stock markets. Equities in Japan and...
Asian Stocks Climbed on Bullish Wall Street Cue
Asian stocks climbed following a strong session on Wall Street on Tuesday, fueled by expectations that the Federal Reserve will soon indicate its readiness to...
Biocon Shares Hit 52-Week High to Manufacturer and Supply Drug to Handok
The shares of Biocon Ltd hit a 52-week high of Rs 331 on 24 May after the company signed an exclusive licensing and supply agreement...
South Korean Stocks Rally as Government Bans Short-Selling Until June 2024
The Korean Composite Stock Price Index (KOSPI) of South Korea rallied 5% on 6 November after the government reimposed a ban on short-selling with an...
South Korea Announced Measures to Boost Tourism Amidst Economic Slowdown
The South Korean government has announced a series of measures to boost tourism and domestic demand. President Yoon Suk Yeol presided over an emergency meeting...
