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South Korea and the United States launched a bilateral task force to more effectively block key resources and funding for North Korea’s nuclear and missile development, the Foreign Ministry announced Wednesday.
Korea’s consumer prices bounced above 3 percent in August after two months of staying below the range.
Korea Shipbuilding & Offshore Engineering (KSOE) announced Monday that it had received an order for three liquefied petroleum gas (LPG) carriers worth 391.7 billion won ($285 million) from a shipper in Liberia.
Korean politicians are mentioning levying a “windfall tax” on oil companies as they benefit from high oil prices. But policymakers must first devise a tax policy for the common people who are really suffering.
Business lobbying groups say the trucker strike is causing major problems to important industries, and petrochemical companies’ naphtha crackers and cement makers’ kilns may have to stop if it continues.
Shipbuilders have hit 70 percent of their targets for orders this year, but earnings are not living up to expectations.
While the Covid-19 pandemic contributed to the lower prices, some foods became rapidly more expensive. The price of Napa cabbage, which is used to make kimchi, more than doubled.
Korea JoongAng Daily Sitemap