Stay updated with breaking news from Korean economy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Finance Minister Choo Kyung-ho said Tuesday the government will likely extend the tax cut on fuel consumption by two months in an effort to curb inflation amid lingering global geopolitical risks. ....
The finance ministry said Wednesday it will lower tariffs levied on 76 industry products and food items next year in an effort to boost industry competitiveness and curb inflation. ....
The government will set up a center to receive consumers reports about corporate downsizing of products while maintaining prices without notice as part of efforts to better protect the people s rights and ease their burdens amid high inflation, the antitrust regulator said Wednesday. ....
Food Makers Reap Huge Profits from Hiked Prices chosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chosun.com Daily Mail and Mail on Sunday newspapers.
While the Korean economy is projected to grow 2.3 percent in 2024, the Bank of Korea (BOK) will likely opt to cut rates in 2024 as it moves to a less restrictive stance, in order to address risks from project finance restructuring amid waning inflation. ....