The Bank of Korea cuts its benchmark rate 25 basis points to 2.75%. This is the rate cut most...

|By:, SA News Editor

The Bank of Korea cuts its benchmark rate 25 basis points to 2.75%. This is the rate cut most were expecting, but didn't get last month. The export-dependent country has naturally been feeling the effects of the slowdowns in China and Europe. The Kospi trims losses, now -0.1% after falling nearly 1% earlier.