Bank of Korea

In the coming two months, the company "Kozloduy NPP - New Powers" is set to finalize an engineering contract with a consortium comprised of South Korea's Hyundai Engineering and Construction and the American firm Westinghouse Electric Company. This announcement was made by Acting Minister of Energy Vladimir Malinov, who is currently in Seoul meeting with Hyundai's executive director.

South Korea's central bank yesterday hiked its key interest rate by half a percentage point to a decade high as it tries to tackle surging inflation and support the plunging won.

South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse of the company's cryptocurrency that devastated traders around the world.

The Turkish and South Korean central banks have signed a bilateral swap agreement allowing for the exchanging of local currencies of up to 2.3 trillion Korean won or 17.5 billion Turkish liras (around $2 billion), said an official announcement.

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An outbreak of Middle East Respiratory Syndrome (MERS) forced South Korea to cut interest rates on June 11 in the hope of softening the blow to an economy already burdened by slack demand, as authorities reported 14 new cases.