Consumer prices rose 2.6 percent in August compared to the same period a year ago, according to Statistics Korea on Thursday. August was the fifth consecutive month in which consumer prices rose more than 2 percent.
Posco concluded negotiations over steel plate prices with major shipbuilders earlier this week, according to local media reports, and agreed on a price of around 1.1 million won ($950) per ton, a jump of almost 60 percent.
Lotte Confectionery announced on Thursday it will raise the prices of 11 types of snacks by an average of 12.2 percent.
The heat this summer didn’t just exhaust humans. Crops got frazzled and that caused their prices to rise. According to data from the Korea Agro-Fisheries & Food Trade Corporation, the wholesale price of four kilograms (8.8 pounds) of spinach was...
The Ministry of Trade, Industry and Energy said Thursday it will endeavor to maintain a stable supply of steel products used in construction in the second half.
Consumer prices rose 2.6 percent in July compared to a year earlier, the fourth consecutive month they rose more than 2 percent.
K-pop is as much a hit on the stock charts as it is on the music charts, with the market capitalizations of the big four agencies – SM Entertainment, YG Entertainment, JYP Entertainment and HYBE – up 78 percent this year.
Park Hye-jin, 44, a housewife in the Mapo District of western Seoul, was surprised to notice the high prices of vegetables and fruit at her local supermarket.
Customers shop in the fresh produce section at a retail market in Seoul on Tuesday. The price of 38 daily necessity items rose by 3.1 percent on year, the Cost Analysis Team at the Korea National Council of Consumer Organizations said on ...
A sign at a local gas station in Seoul on Sunday shows the price of gasoline at 1,609 won ($1.44) per liter.