SEOUL, Aug 4 (Reuters) - Board members of South Korea's central bank said they would carefully assess various factors to determine the timing and pace of any further policy tightening, as they raised interest rates at their last meeting on July 16, the minutes showed on Tuesday.
The Bank of Korea raised interest rates for the first time in 3-1/2-years last month and flagged more to come, as brisk growth in Asia's fourth-largest economy fanned inflation risks.
(Reporting by Jihoon Lee; Editing by Christian Schmollinger)