Energy price populism can’t resolve the debt

An energy price freeze can provide immediate relief. But good bargains empty the purse.

2024-10-24

Subsiding

A gas station in Seoul shows the latest prices on Sunday. For the first time in more than a year, the average gasoline price fell below 1,600 won per liter. The average price as of Friday was 1,593.82 won.

2022-12-11

Persistent inflation

Korea's producer price index rose 0.5 percent on month in October to 120.61 due to high energy and gas prices, according to the Bank of Korea Thursday. The figure is up 7.3 percent on year.

2022-11-24

Trade deficit hits record as imports surge and chip exports fall

The trade deficit hit $9.5 billion in August, a record, as imports of petroleum products surged and exports of semiconductors declined. It was the fifth monthly trade deficit in a row, the first time this has happened since 2007.

2022-09-01

Perfect storm for an escalation in energy prices

Energy prices are soaring due to war and a disrupted energy supply chain. Prices of crude oil and even cheap energy sources like coal have increased sharply. The system market price (SMP), the cost of producing 1 kilowatt hour of electricity, ...

2022-05-12

Exports increase 3 percent in the first 10 days of the month

In the first 10 days of April, exports totaled $15.4 billion, a 3 percent increase on year. Exports have been increasing on year for 17 consecutive months — and at double-digit rates for 13 consecutive months.

2022-04-11

Economic impact of Ukraine conflict key focus of government

Korea is preparing for any economic shocks from a possible invasion of Ukraine by Russia, the finance ministry said during a government task force meeting Tuesday.

2022-02-15

korea joongAng daily