South Korea grappled with heavy snowfall for a second day on Thursday, with dozens of flights cancelled, ferry operations suspended and at least four people reported dead in a bitter winter, though conditions showed signs of easing.

South Korea’s central bank has lowered its key policy rate and says the country’s economy will grow at a slower pace than it initially anticipated

The Bank of Korea ramped up its support for the economy with a surprise interest rate cut as Governor Rhee Chang-yong sounded the alarm over the potential impact of Donald Trump’s return to power on global trade.

South Korea's central bank cut policy interest rates for a second straight meeting in a surprise move as the economy stalled and inflation slowed more rapidly than policymakers predicted. The Bank of Korea (BOK) lowered its benchmark interest rate by a quarter percentage point to 3.

South Koreans remain widely opposed to directly supplying arms to Ukraine, recent polls show, despite renewed international requests from Kyiv and allied capitals after North Korean troops were reported to be helping Russia.

Ukraine's Minister of Defense Rustem Umerov held meetings with top officials of South Korea during his visit to Seoul. One of the topics of discussion was enhancing security, according to a statement from the head of Ukraine's Ministry of Defense.