SOUTH KOREA ECONOMY
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Business & Economy
Bank of Korea aims for first post-pandemic rate hike this year
Seoul, Jun 24 (EFE).- The governor of the Bank of Korea, Lee Ju-yeol, said Thursday that the entity is ready…
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Business & Economy
Inflation in South Korea hits nine-year high in May
Seoul, Jun 2 (EFE).- South Korea recorded a 2.6 percent year-on-year increase in the consumer price index (CPI) in May,…
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Business & Economy
South Korea’s trade surplus expands by 654.5% in April
Seoul, Jun 1 (EFE).- South Korea recorded a trade surplus of $2.93 billion in May, a year-on-year increase of 654.5…
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Business & Economy
South Korean economy grows 1.8% in first quarter
Seoul, Apr 27 (EFE).- South Korea’s gross domestic product (GDP) grew 1.8 percent in the first quarter compared to the…
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Business & Economy
Business groups urge release of Samsung heir from jail amid chip shortage
Seoul, Apr 27 (EFE).- Major South Korean business lobby groups said Tuesday they have petitioned the presidential office requesting the…
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Business & Economy
South Korea’s trade surplus fell 33.9% in February
Seoul, Mar 1 (efe-epa).- South Korea registered a trade surplus of 2.7 billion dollars in February, the 10th consecutive month…
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Business & Economy
Chip exports spur S Korea trade surplus to 538.7% January growth
Seoul, Feb 1 (efe-epa).- South Korea posted a trade surplus of $3.96 billion in January, an increase of 538.7 percent…
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Business & Economy
South Korean economy records biggest contraction since 1998
Seoul, Jan 26 (efe-epa).- South Korea’s gross domestic product (GDP) contracted by 1 percent in 2020 compared to the previous…
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Business & Economy
South Korean exports rally in November thanks to chips
Seoul, Dec 1 (efe-epa).- South Korea’s exports increased 4 percent in November after contracting the previous month, as the recovery…
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Business & Economy
South Korean exports fall in October amid worsening pandemic
Seoul, Nov 1 (efe-epa).- South Korean exports declined by 3.6 percent year-on-year in October following a rebound in the previous…
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