South Korea's central bank kept its benchmark interest rate fixed at 2.25 percent Friday following a cut of 25 basis points in August.
South Korea's Sewol ferry disaster in April is still casting a cloud over the economy, with the effect on consumer spending lasting longer than expected, the central bank said Wednesday.
South Korea's central bank cut interest rates for the first time in 15 months Thursday, under growing government pressure including warnings of recession from the new finance minister.
South Korea's capital Seoul said Monday it planned to ban the smartphone car-hailing service Uber, saying it raised passenger safety issues and threatened the livelihood of licensed taxi drivers.
South Korea's unemployment rate inched down in June from a month earlier, although young people faced an increasingly tough job market, government statistics showed Wednesday.
South Korea's central bank said economic growth will be slower than expected this year because consumer spending has waned following a deadly ferry sinking.
South Korea's economic growth hit its highest level in three years in the first quarter, boosted by new home construction and exports of electronics.
South Korea's top messaging service provider, Kakao Corp., and its second largest Internet portal, Daum, announced a merger Monday to create one of the country's largest IT companies worth around US$3 billion.
South Korea's inflation rate hit an eight-month high in April, government data showed on Thursday, on increases in the cost of oil and industrial goods.
South Korea's economy grew by 0.9 percent for the second consecutive quarter as exports remained solid but domestic spending stalled, state data showed Thursday.