Bank of Korea Governor Shin Hyun-song says the pre-emptive moves aim to help ‘reduce the costs to the economy’.

The Bank of Korea is set to hold its next rate-setting meeting Thursday, with markets split over whether the central bank will deliver another rate hike or paus

The Bank of Korea (BOK) on Thursday raised its benchmark interest rate by 0.25 percentage point to 3 percent, delivering a second consecutive hike...