S. Korea’s consumer prices rise 2.6 pct in July

South Korea’s inflation picked up pace in July though it stayed below 3 percent for the fourth consecutive month, data showed Friday.

Consumer prices, a key gauge of inflation, rose 2.6 percent on-year last month, compared with a 2.4 percent increas…

Read More »

(EDITORIAL from Korea JoongAng Daily on August 2)

Minimize the damages to vendors and customers

A Seoul bankruptcy court froze the assets and debts of TMON and WeMakePrice – two e-commerce players under Singapore-based parent company Qoo10 – a day after the two filed for receivership amid deferred …

Read More »