BoK raised its key rate by 25 basis points to 0.75 percent after a policy meeting as the country tries to rein in growing household debt and a frenzied housing market
The Liberal Democratic Party's election commission approved the date on Thursday morning, with a general meeting expected to approve the decision later in the day
Developing Asia's extreme poverty rate - or the proportion of its people living on less than $1.90 a day - would have fallen to 2.6% in 2020 from 5.2% in 2017 without COVID-19