Bank of Korea Raises Benchmark Interest Rate

The video discusses South Korea's first interest rate hike since 2011, raising it from 1.25% to 1.5%. The hike aims to address economic concerns like GDP growth and household debt. Economists predict limited future hikes due to moderate inflation and growth constraints. The geopolitical climate, including North Korea's missile tests, adds complexity, but daily life in South Korea remains largely unaffected.

How did the public react to the North Korean missile tests according to the correspondent in Seoul?

What was the mood on the streets of Seoul during the holiday shopping season amidst the geopolitical tensions?