Economy

BOK Chief Underlines Need for Inflation-focused Monetary Policies

Written: 2022-12-20 11:26:53 / Updated: 2022-12-20 12:21:23

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BOK: Inflation in 2022 Saw Highest Rate in 24 Years

Economy

BOK: Inflation in 2022 Saw Highest Rate in 24 Years

Written: 2022-12-20 10:43:32 / Updated: 2022-12-20 11:50:59

The Bank of Korea(BOK) says inflation in the nation posted an average of five-point-one percent through November, the highest average rate since ...

Economy

Large Companies' Capacity Utilization Rate Falls Below 80% in Q3

Written: 2022-12-20 10:03:40 / Updated: 2022-12-20 10:50:57

Large companies in South Korea operated below 80 percent of their capacity in the third quarter due to the economic slump, down more than two percentage ...

Economy

Seoul Mayor Hints at Possible Hike in Subway Fares

Written: 2022-12-19 18:08:18 / Updated: 2022-12-19 18:25:51

Seoul Mayor Oh Se-hoon said on Monday that the city must consider raising subway fares next year unless the central government compensates for a ...

Economy

KOSPI Ends Monday Down 0.33%

Written: 2022-12-19 15:37:46 / Updated: 2022-12-19 16:49:54

The benchmark Korea Composite Stock Price Index(KOSPI) fell seven-point-85 points, or zero-point-33 percent, on Monday, closing the day at two-thousand-352-point-17.  The ...

Economy

Cap on Fuel Tax Cut for Gasoline to be Lowered from 37% to 25%

Written: 2022-12-19 11:45:51 / Updated: 2022-12-19 15:09:27

The government has decided to extend fuel tax cuts, which were set to expire at the end of the year, to next April, but the maximum tax cut for gasoline ...

Economy

Data: Nearly 120,000 Young People Seeking More Work Hours

Written: 2022-12-19 11:19:38 / Updated: 2022-12-19 11:42:32

New data has revealed that the number of young people hoping for more work remains above pre-pandemic levels, indicating that the job market has ...

Economy

AMRO Assesses S. Korea's Inflation Has Peaked, Cuts 2023 Growth Outlook to 1.9%

Written: 2022-12-16 19:34:22 / Updated: 2022-12-16 19:35:11

A regional macroeconomic research organization has assessed that inflation in South Korea has peaked, forecasting the economy will grow one-point-nine ...

Economy

Hanwha Group Signs Deal to Acquire Daewoo Shipbuilding

Written: 2022-12-16 19:28:42 / Updated: 2022-12-16 19:33:25

Hanwha Group has signed an agreement with Daewoo Shipbuilding and Marine Engineering(DSME) to take over the shipbuilder. DSME said that ...

Economy

KOSPI Ends Friday Down 0.04%

Written: 2022-12-16 15:37:24 / Updated: 2022-12-16 16:40:18

The benchmark Korea Composite Stock Price Index(KOSPI) fell zero-point-95 points, or zero-point-04 percent, on Friday, closing the week at two-thousand-360-point-02. The ...