South Korea makes no change to key lending rate

9 February 2012, 5:55 am

The Bank of South Korea unanimously decided to leave its key interest rate for an eighth consecutive month. The decision was in line with what the market had been expecting.... Read More »

South Korea’s Assembly Speaker, Park Hee-tae, Resigns Over Bribery Scandal

8 February 2012, 10:17 pm

Park Hee-tae, a six-term legislator, said he wanted to take “all responsibility” for the scandal, which has thrown President Lee’s governing party into further disarray head of parliamentary elections in April.... Read More »

South Korea’s Assembly Speaker Resigns Over Bribery Scandal

8 February 2012, 10:03 pm

Park Hee-tae, a six-term legislator, said he wanted to take “all responsibility” for the scandal, which has thrown President Lee’s governing party into further disarray head of parliamentary elections in April.... Read More »

Ridiculous demands

8 February 2012, 9:20 pm

Not a day goes by without Pyongyang vilifying South Korea’s unification minister, Yu Woo-ik, one of the few doves in President Lee Myung-bak’s administration.... Read More »

South Korea Holds Interest Rate for Eighth Month as Economic Growth Slows

8 February 2012, 5:37 pm

The Bank of Korea held off raising borrowing costs for an eighth straight month as the economy slowed and exports declined due to the European debt crisis.... Read More »

Saudi 'pledges secure energy supply' to S. Korea

8 February 2012, 9:34 am

Saudi Arabia has pledged to ensure a stable supply of oil to South Korea, which is under pressure from the United States to reduce purchases from Iran, a report said on Wednesday.... Read More »

South Korea Set to Follow Australia’s Rate Pause as U.S. Revives

7 February 2012, 9:34 pm

South Korea will probably follow Australia’s lead and refrain from cutting interest rates tomorrow as the global economy shows signs of strength and officials highlight price pressures.... Read More »

South Korea’s No. 2 Public Pension Fund to Boost Equities

7 February 2012, 6:47 pm

Korea Teachers Pension, the nation’s second-largest public pension fund, plans to increase its domestic stock holdings this year on the prospect Europe will resolve its debt crisis, spurring demand for riskier assets.... Read More »

South Korea’s No. 2 Public Pension Fund to Boost Equity Holdings

7 February 2012, 6:40 pm

Korea Teachers Pension, the nation’s second-largest public pension fund, plans to increase its domestic stock holdings this year on the prospect Europe will resolve its debt crisis, spurring demand for riskier assets.... Read More »

South Korea Set to Follow Australia in Holding Rates as Inflation Persists

7 February 2012, 9:28 am

South Korea will probably follow Australia’s lead and refrain from cutting interest rates tomorrow as the global economy shows signs of strength and officials highlight price pressures.... Read More »