SEOUL– The average prices of gasoline and diesel in South Korea hit over 2,040 won (US$1.62), data showed Thursday, as tight global supply continued to drive up fuel costs amid Russia’s war with Ukraine.The average retail price of gasoline had stood a…
Finance Minister Choo Kyung-ho urged Cabinet members to prioritize the stabilization of consumer prices and exert exhaustive efforts with a sense of responsibility.At a meeting with economy-related ministers on Thursday, Choo, who doubles as deputy pri…
SEOUL– KH Construction Co.on Thursday announced that it will sell stocks to raise 10 billion won (US$8 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory filing, the company wil…
Prosecutors are questioning former industry minister Paik Un-gyu over allegations that he and others pressured public firm chiefs appointed under the previous administration to step down.According to legal circles on Thursday, the Seoul Eastern Distric…
South Korea’s major economic think tank says the country’s economic recovery is slowing down due to persisting global supply bottlenecks and soaring raw material prices.The Korea Development Institute(KDI) said on Thursday that despite a steady recover…
The benchmark Korea Composite Stock Price Index(KOSPI) dropped zero-point-71 points, or zero-point-03 percent, on Thursday, closing the day at two-thousand-625-point-44.The tech-heavy KOSDAQ rose however, gaining two-point-23 points, or zero-point-25 p…
SEOUL– South Korea’s military reported 913 additional COVID-19 cases Thursday, raising the total caseload among its service members to 166,919, the defense ministry said.The new cases included 701 from the Army, 134 from the Air Force, and 27 each fro…
A fire broke out in a building near the Daegu District Court in the southeastern city of Daegu, killing seven and wounding about 40.The blaze started on the second floor of a seven-story building containing law offices in Suseong District at around 10:…