The first public washroom in Seoul opens. 1947 -- The International Olympic Committee accepts South Korea's proposal for membership. 1972 -- Thailand completes the phased withdrawal of its soldiers ...

Last month, the Bank of Korea lowered interest rates by 25 basis points to 2.50% in an unanimous decision.

The growth of South Korea's $1.7 trillion GDP has stalled in recent years, forecast by the Bank of Korea to see anemic 0.8% GDP growth this year, following a 0.2% contraction in the first quarter. The ...