July 11, 2024

Full text of BOK statement on monetary policy decision in July

The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 3.50% for the intermeeting period. In light of the necessity to further assess whether inflation continues its slowing trend and to pay attention to the i…

S. Korea to start production of anti-aircraft laser weapon

South Korea will begin production of a laser weapon designed to strike down enemy drones for deployment this year, the state arms procurement agency said Thursday, amid efforts to acquire advanced weapons systems for future warfare.

Last month, the D…