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Inflation continues to moderate; uncertainties remain: BOK

June 18, 2024

SEOUL, Inflation in South Korea will continue to moderate down the road, reaching a level below 2.5 percent in the second half of the year, but geopolitical risks, weather conditions and other uncertainties still remain, a central bank report said Tue…

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(News Focus) SK divorce case enters new phase following court’s correction of error

June 18, 2024

SEOUL, The billion-dollar divorce case between SK Group Chairman Chey Tae-won and his wife, Roh Soh-yeong, has entered a new phase, as an appeals court corrected a rare error in its verdict this week at Chey’s request.

Chey, who was ordered by the Se…

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(LEAD) Putin set to arrive in N. Korea in rare trip amid deepening concerns about military cooperation

June 18, 2024

SEOUL, Russian President Vladimir Putin was set to make his first visit to North Korea in 24 years Tuesday for talks with leader Kim Jong-un in a highly symbolic trip showing off their ever-tightening relations amid deepening concerns about military c…

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ACTION TAKEN AGAINST TRADER SELLING COOKING GAS ABOVE CONTROLLED PRICE – KPDN

June 18, 2024

PUTRAJAYA, The Domestic Trade and Cost of Living Ministry (KPDN) has taken acted against a trader who went viral on social media for selling cooking gas above controlled prices in Puchong, Selangor.

KPDN enforcement director general Datuk Azman Adam …

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Hitejinro targets 500 bln won in overseas soju sales in 2030

June 18, 2024

SEOUL, Hitejinro Co., South Korea’s leading beverage company, said Tuesday it aims to achieve 500 billion won (US$360 million) in overseas soju sales in 2030 based on overseas production and export diversification.

The target figure is sharply up fro…

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