SEOUL– South Korea will raise first-quarter electricity rates by the largest margin in about four decades on high global energy costs and mounting losses of the state utility company, the…
SEOUL– The Bank of Korea (BOK) said Friday it sold a net US$17.54 billion in the third quarter to help ease the decline of the local currency against the U.S.…
SEOUL– SK On Co., the battery-making unit under South Korea’s SK Group, will raise up to 1.3 trillion won (US$985 million) from six local private equity funds, its parent firm…
The Ministry of Trade, Industry and Energy (MOTIE) announced on December 29 that Korea’s retail sales in November gained a year-on-year growth of 8.4 percent. Both physical and online retailers…
SEOUL– South Korea’s terms of trade worsened in November mainly because net exports prices fell at the fastest pace in 2 1/2 years amid high oil prices and weak chip…
SEOUL– Seoul stocks closed at a two-month low Thursday, the last trading day of the year, amid concerns that China’s reopening could lead to a global economic slowdown. The Korean…