South Korea’s Economy Grew 2.0% in 2024
People walk inside the Korea Exchange (KRX) building, as stock markets in Asia as a whole have been affected by the intensifying political turmoil over president Yoon Suk Yeol’s role in martial law, in Seoul, South Korea, on Dec. 9, 2024.
Economists polled by Reuters had expected the Bank of Korea to cut its policy rate by 25 basis points. South Korea's Kospi ended the day up 1.23% to 2,527.49, while the small-cap Kosdaq index was ...
World stocks are mixed follow Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of the Federal Reserve’s rate cuts.
People walk inside the Korea Exchange (KRX) building, as stock markets in Asia as a whole have been affected by the intensifying political turmoil over president Yoon Suk Yeol’s role in martial law, in Seoul, South Korea, on Dec. 9, 2024.
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A financial data screen in the dealing room of Hana Bank in Seoul on Jan. 23, 2025, shows the benchmark Korea Composite Stock Price Index having sunken 31.57 points, or 1.24 percent, to close at 2,515.
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South Korea's economy expanded at a weaker-than-expected pace of 2.0% in 2024 after lackluster growth in the fourth quarter amid weak consumer and business spending, bolstering the case for the central bank's another rate cut next month.
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