Producer prices rise for a second straight month as agricultural products jump
Korea's producer prices increased for the second consecutive month led by a rise in agricultural products.
The French luxury brand Louis Vuitton made adjustments to the prices of specific bags. According to reports on Monday, the price of the designer's flagship product, the NéoNoé BB, rose from its previous 2.58 million won ($1,932) to 2.74 million won.
Korean import prices climb 2.2% in January amid rising oil prices
Korea's import prices bounced back in January after a two-month decline, according to central bank data Friday. The Dubai crude price, Korea's benchmark, stood at $78.85 per barrel in January, up from $77.33 the previous month
Samsung chairman Lee Jae-yong acquitted in controversial merger case
The Seoul Central District Court on Monday acquitted Lee Jae-yong, chairman of Samsung Electronics Co., on charges of breach of trust and accounting fraud to push the merger of two Samsung affiliates.
Pump it up
Average prices for gasoline and diesel at gas stations in Korea moved up for the first time in 17 weeks following the rise of global oil prices.
Strawberries have become 154.1 percent pricier than they were just last month. Korea's producer price index (PPI), a major indicator of consumer inflation, rose 0.1 percent on month in December, according to data from the Bank of Korea on Tuesday.
Inflation fears rumble as producer prices inch up
Producer prices moved up 0.1 percent on-month in December due to the higher cost of agricultural products and gas, possibly indicating a coming price inflation for consumers.
Major supermarkets gain weekend trading freedom in gov't overhaul
The government will scrap mandatory closure days imposed on large supermarket chains on public holidays alongside the regulation limiting the amount of subsidies on the purchase of smartphones.
Government will put over half of H1 budget towards taming inflation, reviving construction sector
The government plans to allocate over 65 percent of its fiscal spending in the first half of 2024 towards addressing high inflation and interest rates.
Root of the problem
Tractors plough through winter radish fields in Seoguipo on Jeju Island on Monday, as the price for winter radishes plunged due to oversupply this season.