2 stories on South Korea, newest first.
The Bank of Korea (BOK) has raised its key interest rate for the first time in three and a half years, signaling that more increases may be on the way. The move reflects growing pressure to tackle persistent inflation and strengthen the won currency after an extended period of accommodative monetary policy.
Global investment firm KKR and South Korean conglomerate SK Inc have partnered to create the country's largest renewable energy platform, valued at $1.3 billion. The platform will combine 1.7 gigawatts of operating clean energy capacity with a development pipeline targeting 10 gigawatts total, aiming to supply power-hungry artificial intelligence and semiconductor manufacturing operations.
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