Amid soaring seafood prices, the wholesale price of gim (dried seaweed) per bundle jumped 38 percent on year to 9,072 won ($6.89), according to Korea Agro-Fisheries & Food Trade Corporation on Thursday.
Subway fares in Seoul may increase by 150 won ($0.11) as early as July.
Luxury brands including Hermès, Prada and Chanel are expected to raise their prices in Korea as demand for premium goods grows. Increases impact shoes, bags, watches and jewelry.
The wholesale price of green onions is anticipated to surge 48.5 percent on month to 2,700 won ($2.09) per kilogram for December, according to the Korea Rural Economic Institute on Sunday.
To gain the public’s understanding for the raise in utility bills, Kepco must restructure its organization first to save costs.
Second Vice Minister of Sports Jang Mi-ran hiked Mount Bukak in central Seoul on Tuesday with mountaineer Um Hong-gil, French actor Fabien Yoon, international students and reporters to promote the course and the Blue House as tourist attractions
The Seoul mayor blasted a local advocacy group for people with disabilities that has held protests on the capital’s subways, saying Monday that he doesn’t think the protestors are in any way “socially underprivileged.”
A respite from monster three-quarter-point U.S. rate increases was met with hope in Korea, and with a sense of caution, as a myriad of risks still remain and the possibility of a return to hawkishness is still very much a threat.
The government must prepare a comprehensive policy to better respond to ominous signals across the economy while individuals and companies must thoroughly brace for the arrival of the era of high interest rates.
Korea JoongAng Daily Sitemap