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  • AJP Watch: BOKs strongest-yet hike signal rattles markets AJP Watch: BOK's strongest-yet hike signal rattles markets SEOUL, May 28 (AJP) - Having held its benchmark rate unchanged at 2.50 percent for a full year, the Bank of Korea on Thursday signaled a clear shift to tightening by flagging the probability of as many as three hikes to 3.25 percent depending on the path of inflation. New Governor Shin Hyun-song presiding his first rate meeting and media briefing, could not have been blunter about the direction ahead. &q
  • Weak Iranian missiles — not ship armor — explain limited damage to HMM Namu: experts Weak Iranian missiles — not ship armor — explain limited damage to HMM Namu: experts SEOUL, May 28 (AJP) - South Korea's conclusion that the cargo ship HMM Namu—damaged near the Strait of Hormuz on May 4—was likely hit by Iranian missiles has raised a simple question: how did a commercial vessel survive two direct strikes with only minor damage? Defense experts say the answer lies not in the ship's structural strength, but in the missiles' limited performance.
  • South Korea denies report of alliance rift over wartime control transfer South Korea denies report of alliance rift over wartime control transfer SEOUL, May 28 (AJP) - South Korea's Defense Ministry on Thursday dismissed as "groundless" a local media report claiming that President Lee Jae Myung's push for an early transfer of wartime operational control (OPCON) could lead to the dismantling of the current South Korea-U.S. Combined Forces Command (CFC) structure.
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