SEOUL—South Korea became the first major Asian economy to raise its main policy rate since the Federal Reserve started increasing U.S. rates two years ago, the latest sign of a global move away from crisis-era stimulus measures. The Bank of Korea increased rates on Thursday for the first time in more than six years in response to faster-than-expected growth this year and an uptick in inflation as a strengthening U.S. economy, a recovery in Europe and unexpected resilience in Chinese growth drive a synchronized global expansion.

Source: Wall Street Journal November 30, 2017 01:04 UTC