Sam Kim

South Korean inflation eased more than expected in March in response to a cooling of energy prices that may prove temporary following OPEC+’s surprise weekend announcement of a cut in oil output.

The Bank of Korea kept its benchmark interest rate unchanged, maintaining a wait-and-see approach amid a series of risks ranging from global banking-sector turmoil to sputtering domestic economic growth.

The Bank of Korea kept its benchmark interest rate unchanged, maintaining a wait-and-see approach amid a series of risks ranging from global banking-sector turmoil to sputtering domestic economic growth.

(Bloomberg) -- The Bank of Korea kept its benchmark interest rate unchanged and said it intends to keep policy restrictive to combat inflation even with the economy set to slow more than previously expected this year.Most Read from BloombergUS Navy Challenges Beijing in South China Sea Amid Taiwan DrillsApple’s 40% Plunge in PC Shipments Is Steepest Among Major Computer MakersFedEx Overhaul Contemplates a Future With No Drivers on PayrollBond Market Is Overplaying the Risk of a Deep RecessionChi

Bank of Korea Governor Rhee Chang-yong warned that the central bank’s war on inflation isn’t over despite signs of cooling prices, saying it remains uncertain whether the current policy is tight enough.

South Korean President Yoon Suk Yeol offered tax breaks and manpower support if Tesla Inc. CEO Elon Musk invests to build a new factory in the country.

A Biden administration envoy to the Pacific Islands acknowledges that the US has some catching up to do with China after years of neglecting the historically pro-American region.

South Korea is seeking high-level economic talks with China this year in the latest efforts to revitalize supply-chain cooperation with the world’s second-largest economy.

Fourteen countries in US-led Indo-Pacific trade talks are nearing an agreement on supply chain coordination and may announce a deal as soon as next week, according to people familiar with the discussions.

South Korea will avoid capitalizing on China’s ban on a US chipmaker, seeing the move by Beijing as an attempt to drive a wedge between Seoul and Washington, according to a person familiar with the situation.