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Focus on Headline 10/12/2022
1. The Bank of Korea delivered yet another big-step of 50 basis point rate hike from 2.5% to 3% on Wednesday as an effort to bring down inflation. It is the first time in about 10 years that the key policy interest rate has risen to the 3 percent range.
2. The U.S. government on Tuesday allowed South Korean memory chip makers SK hynix and Samsung Electronics operating in China, to obtain restricted goods and services without license for a year.
3. The National Security Council Coordinator for Strategic Communications John Kirby said, on Tuesday that the U.S. remains open to talks with North Korea. He added that U.S. President Joe Biden reaffirmed his commitment to provide extended deterrence to South Korea.
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By Arirang Radio1. The Bank of Korea delivered yet another big-step of 50 basis point rate hike from 2.5% to 3% on Wednesday as an effort to bring down inflation. It is the first time in about 10 years that the key policy interest rate has risen to the 3 percent range.
2. The U.S. government on Tuesday allowed South Korean memory chip makers SK hynix and Samsung Electronics operating in China, to obtain restricted goods and services without license for a year.
3. The National Security Council Coordinator for Strategic Communications John Kirby said, on Tuesday that the U.S. remains open to talks with North Korea. He added that U.S. President Joe Biden reaffirmed his commitment to provide extended deterrence to South Korea.
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