South Korea's central bank held interest rates steady on Thursday, as policymakers steered a cautious path amid concerns about financial stability risks stemming from rising household debt and economic pressure from U.

The Bank of Korea (BOK) kept its benchmark interest rate steady at 2.50% on Thursday, maintaining a cautious monetary stance amid growing financial stability concerns and external trade pressures. The central

The U.S. will impose tariffs of 25% on Japan and South Korea beginning on Aug. 1, President Donald Trump announced on Monday in posts on Truth Social.

President Donald Trump announced 25% taxes on products from Japan and South Korea, in addition to the threat of higher potential tariffs on goods from those nations if they raise their tariffs on American goods.

The trade war chaos that engulfed the early months of President Donald Trump’s second term looked set to return Monday as he threatened two major U.S. trading partners with higher duties ahead of a key negotiating deadline.

SEOUL: South Korea's Lee administration is scrambling to take the edge off the United States' new tariffs, as the nation's top security adviser departed Seoul on Sunday (July 6) to travel to Washington and join forces with Seoul's trade minister who arrived there the day before.

Korea and the United States are “entering a critical phase of discussions” on various trade and security issues, National Security Adviser Wi Sung-lac said Sunday while explaining the background of his three-day trip to Washington.

South Korean President Lee Jae-myung said that it remained unclear whether Seoul and Washington could conclude their tariff negotiations by the deadline set by President Donald Trump for next week, noting Thursday that both nations were still working to clarify their positions and identify areas of agreement.