Latest news with #KoreanEconomy
Bloomberg
a day ago
- Business
- Bloomberg
Korea Pension Confronts Sell America Vibe With Foreign Bet Boost
South Korea's largest pension fund plans to buy more foreign stocks, just as a 'sell America' trend fueled by the Trump administration's tariff agenda begins to take hold. The National Pension Service, which manages about 1,213 trillion won ($884 billion), set its 2026 overseas stock allocation target at 38.9%, up from 35.9% this year, according to a statement Thursday from the Ministry of Health and Welfare. The higher allocation equates to about $26.5 billion more of the NPS's current pot, according to Bloomberg calculations.
Bloomberg
3 days ago
- Business
- Bloomberg
BOK Cuts Rate to Cushion Economy From Tariffs, Political Turmoil
The Bank of Korea delivered a widely expected interest-rate cut Thursday to help buffer the export-driven economy from Donald Trump's sweeping trade tariffs and revive domestic activity after months of political turmoil eroded growth. The central bank lowered its seven-day repurchase rate by a quarter percentage point to 2.5% on Thursday. The rate cut, the fourth since the BOK began its easing cycle in October, was forecast by all 21 polled economists.
