Korea’s economy is contracting slower as a rebound in exports offsets weak domestic demand amid high interest rates.
In January, exports, a key growth engine, jumped 18 percent on-year driven by strong semiconductor sales. But retail sales shed 2.2 percent on-year amid high interest rates and inflation.
The food product company earned praise for its consideration for consumer health and nutrition.
Korea is experiencing an exports-led economic recovery, the finance ministry said in its monthly report.
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North Korea is expected to conduct a nuclear test as it continues to develop its missile capabilities in an attempt to drive a wedge between the United States and South Korea, a U.S. intelligence report said Wednesday.
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Korea’s Covid-19 risk was “very high” over the past week, health authorities said, as the country continues to see an upward trend in pandemic indicators.
Health authorities declared that Korea’s Covid-19 risk was “high” over the past week, as pandemic indicators continue to worsen.
Korea is speeding up booster shots for the elderly, the sick, people in their 50s, soldiers, police and firefighters amid soaring infections and hospitalizations.
Korea JoongAng Daily Sitemap