Korea Joongang Daily
Korea JoongAng Daily

Olive oil prices soar 30 percent as climate change ravages Spain's groves

Olive oil price from major retailers in Korea rose by more than 30 percent earlier this month due to the impacts of climate change.

2024-05-14

Korea's import prices fall for 2nd month in December on declining oil prices

Korea's import prices declined for a second straight month in December due to a decline in oil prices, central bank data showed Tuesday, amid hope for the bank's pivot toward easing policy.

2024-01-16

Oil prices rebound, as Middle East remains unstable

Oil prices rebounded following conflicts in the Middle East, despite a previous slump due to Saudi Arabia's slashing of rates. Market analysts attribute ongoing fluctuations to geopolitical risks.

2024-01-14

Import prices drop in November, ending 4-month rise

Korea's import prices dropped in November after four consecutive months of rising due to a decline in the prices of oil, chemical goods and IT products, giving relief to the Bank of Korea's (BOK) rate policy.

2023-12-13

Inflation loses pace in November, still remains above 3 percent

Domestic inflation grew at a slower pace in November but stayed above 3 percent for the fourth consecutive month amid high prices of farm goods and energy sources.

2023-12-05

Import prices rise for 4th month in October on higher oil prices

The import price index rose 0.5 percent last month from a month earlier, following a 3 percent increase the previous month, according to the preliminary data from the Bank of Korea.

2023-11-14

SK Innovation's net profit grows over 300% to reach nearly 2 trillion won in 2022

SK Innovation’s net profit surged 307.4 percent to 1.99 trillion won ($1.6 billion) last year compared to the previous year, boosted by high oil prices.

2023-02-07

2022.02.15 Cartoon

Oil prices could shoot up to $125 a barrel from around $95

2022-02-14

Stocks post modest gains after choppy session

Stocks closed higher Monday on hopes of global stimulus measures and rising oil prices. The local currency fell against the dollar amid a renewed trade dispute between the United States and China.

2020-05-18