The prospect of a key rate cut by the Bank of Korea (BOK) is dimming, clouded by global commodity prices volatility, plunging Korean currency and slowing disinflation, market watchers said Tuesday.
Criticism is mounting against the main opposition party s move to railroad the provision of blanket per capita cash handouts of 250,000 won ($185) across the country.
The Korean currency has dropped more than 7 percent against the U.S. dollar so far this year, marking the sharpest fall since the 2008 global financial crisis amid geopolitical uncertainties and the resurgent dollar, data showed Sunday.