SEOUL– President Yoon Suk-yeol on Thursday presided over his first regular Cabinet session in the administrative city of Sejong, calling on ministers to make efforts for balanced regional development.”All of our people, regardless of which region they…
SEOUL– Moody’s Investors Service on Thursday forecast South Korea economy will grow 2.5 percent this year, 0.2 percentage point lower than its previous outlook.The credit ratings agency revised its forecast, citing risks from rising energy and commodi…
The Bank of Korea raised its key interest rate by a quarter percentage point on Thursday in a move to contain rising inflationary pressure.The central bank’s monetary policy board convened a rate-setting meeting and decided to raise the policy rate fro…
SK Group says it will invest 247 trillion won through 2026 to boost its semiconductor, battery and biotechnology operations.The conglomerate unveiled the five-year plan on Thursday, adding that it will hire 50-thousand people as part of efforts to stim…
The Bank of Korea has forecast that the nation’s inflation rate will stand at four-and-a-half percent this year. The figure, disclosed on Thursday, is up one-point-four percentage points from the bank’s initial outlook issued in February.The last time …
Fuel prices continue to rise due to tight global supply caused by Russia’s invasion of Ukraine. According to Opinet, a website run by Korea National Oil Corporation (KNOC), the average gasoline price in the country stood at two-thousand-one-point-01 wo…
The benchmark Korea Composite Stock Price Index(KOSPI) dropped four-point-77 points, or zero-point-18 percent, on Thursday, closing the day at two-thousand-612-point-45.The tech-heavy KOSDAQ also fell, losing one-point-26 points, or zero-point-14 perce…