An employee at a convenience store in Seoul arranges lunch boxes on a shelf on Wednesday.
Korea's import prices rose in April for the fourth month in a row, driven by the oil price increase and the local currency's depreciation against the dollar, central bank data showed Tuesday.
Korean battery makers are eying a pivot away from graphite in a bid to untether themselves from China-dominated supply chains.
Korea's antitrust agency launched an investigation into Lotte Chilsung and Coca-Cola over allegations of conspiring to fix their prices.
If inflation is not defeated, suffering from the degradation of lives awaits us.
The presidential office will launch two task forces to handle price control measures and support national strategic industries such as semiconductors and automobiles in order to maintain economic growth.
The OECD raised Korea's growth forecast to 2.6 percent due to strong chip demand and rebounding exports.
Korea’s inflation slowed down in April, with consumer prices increasing at a milder pace of 2.9 percent on-year compared to the previous month, data showed Thursday.
The government vowed to cut inflation by overhauling agricultural pricing. Plans include expanding online marketplaces and boosting labor force participation for women and younger generations.
Korea’s producer prices rose 0.2 percent in March from a month earlier, accelerating for the fourth straight month driven by soaring prices of agricultural products and industrial goods.
Korea JoongAng Daily Sitemap