Economy

BOK Forecasts Inflation to Slow in Oct. after Surpassing Sept. Estimate

Written: 2023-10-05 10:45:20 / Updated: 2023-10-05 10:58:26

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Inflation Climbs 3.7% in Sept. to Post Sharpest Growth in 5 Months

Economy

Finance Minister Says Gov’t Closely Watching Financial Market Trends

Written: 2023-10-05 09:59:26 / Updated: 2023-10-05 09:59:43

Finance minister Choo Kyung-ho says the government will boost monitoring efforts with higher alertness while keeping a close eye on financial ...

Economy

Inflation Climbs 3.7% in Sept. to Post Sharpest Growth in 5 Months

Written: 2023-10-05 09:18:31 / Updated: 2023-10-05 09:52:45

The inflation rate jumped over the mid-three percent range last month to post the sharpest growth in nearly half a year. According to Statistics ...

Economy

KOSPI Ends Wednesday Down 2.41%

Written: 2023-10-04 15:47:07 / Updated: 2023-10-04 16:11:43

The benchmark Korea Composite Stock Price Index(KOSPI) shed 59-point-38 points, or two-point-41 percent, on Wednesday, to close at two-thousand-405-point-69. The ...

Economy

Diesel Tops 1,700 Won per Liter for First Time in 9 Months

Written: 2023-10-04 10:21:31 / Updated: 2023-10-04 10:24:13

Local diesel prices surpassed 17-hundred won per liter for the first time in nearly nine months. According to oil price portal Opinet run by ...

Economy

Industrial Output Rises 2.2% in August

Written: 2023-10-04 09:15:22 / Updated: 2023-10-04 18:45:38

Industrial output and investment rebounded in August while consumption declined for the second consecutive month. According to Statistics ...

Economy

Financial Regulators of Seoul, Tokyo to Restart Routine Meetings in Dec.

Written: 2023-10-04 08:29:45 / Updated: 2023-10-04 14:55:10

Financial authorities from South Korea and Japan have agreed to resume regular shuttle meetings in December for the first time in seven years since ...

Economy

IMF: S. Korea Saw Sharpest Rise in Debt-to-GDP Ratio Among 26 Countries in 2022

Written: 2023-10-03 13:18:59 / Updated: 2023-10-03 13:24:55

New data released by the International Monetary Fund(IMF) finds that South Korea saw the sharpest rise in household debt-to-gross domestic product(GDP) ...

Economy

Milk Prices to Rise from Sunday

Written: 2023-10-01 11:55:31 / Updated: 2023-10-01 17:07:50

Prices of milk and dairy products will rise starting Sunday due to the hike in the cost of raw milk. According to the dairy industry on Sunday, ...

Economy

S. Korea Logs Trade Surplus for 4th Straight Month in September

Written: 2023-10-01 11:39:34 / Updated: 2023-10-01 13:32:21

Exports fell for the 12th consecutive month in September, but the trade balance posted a surplus for the fourth straight month. According to ...