(Photo=Bank of Korea (BOK)) The Bank of Korea (BOK) lowered its benchmark interest rate by 25 basis points to 2.5% on May 29, citing weaker-than-expected economic growth and signaling the possibility of further rate cuts in the near term. At a press briefing following the monetary policy decision, BOK Governor Rhee Chang-yong stated, “We see a possibility that the total

South Korea's number of births in March marked an increase for the first time in 10 years compared to the same month, according to data released by Statistics Korea on the 28th. However, the number of deaths continued to exceed births, maintaining the trend of natural population decline. Marriage registrations, on the other hand, showed a positive sign, reaching the

(Photo=GM Korea) Korea GM - the South Korean arm of U.S. auto giant General Motors - is selling off key assets, even as its parent company ramps up manufacturing investment in the United States. The contrasting moves are once again raising questions about GM's long-term commitment to the Korean market. According to company-wide notices sent on May 28, Korea GM

(Photo=Kia Motors) Kia Motors is significantly strengthening its customer-focused strategy in Mexico. The automaker is stepping up its game in the local market by revamping its sales network and expanding its educational infrastructure. According to industry sources on the 28th, Kia Mexico plans to complete the renovation of approximately 100 showrooms and dealer locations within the year. Each location will

(Photo=Golar LNG) Samsung Heavy Industries is on the verge of signing a contract with Norway’s Golar LNG to build a floating liquefied natural gas (FLNG) facility. The deal, which involves supplying an FLNG capable of producing up to 5.4 million tons of LNG annually, is expected to further solidify the South Korean shipbuilder’s leading position in the global market. According