Economy
Although exports are expanding, small businesses face mounting challenges.
On August 27, South Korea’s central bank enacted its first consecutive interest rate increase since January 2023. (Photo credit: Mayumi Tsumita)
Steven Borowiec
August 27, 2026, 11:37 JST
SEOUL — South Korea’s central bank lifted its benchmark rate for a second straight meeting on Thursday, aiming to curb inflationary pressures while anticipating faster economic growth.
