Last week, the bank of Korea cut its headline inflation outlook for 2024 and 2025 to 2.3% and 1.9% respectively, down from 2.5% and 2.1%.

The pace of South Korea’s consumer inflation picked up less than expected and stayed below the central bank’s target for a third month, in a sign of price stability.

South Korea’s headline inflation was softer than expected in November and remained below the central bank’s 2% annual target, likely supporting its easy monetary policy

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North Korean leader Kim Jong Un vowed his country will “invariably support” Russia’s war in Ukraine as he met Russia's defense chief, the North’s state media reported.