South Korea’s potential growth rate is forecast to stay at 2 percent for two years in a row, painting a gloomy picture of the country’s economic health and illustrating the need to address weak growth momentum.
The OECD projects Korea’s potential gro…
The state-run Korea Electric Power Corp. (KEPCO) said Wednesday it will raise electricity rates for industrial use while freezing those for households starting this week amid global energy price volatility and escalating financial strains.
Under the …
Seoul shares turned higher late Wednesday morning on tech gains, with investors concerned over a possible slower pace of the Federal Reserve’s rate cuts.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 16.3 points, or 0.6 percent, to 2,5…
LS Electric Co. on Wednesday reported its third-quarter net profit of 35.1 billion won (US$25.4 million), down 13.5 percent from a year earlier.
The company said in a regulatory filing that operating income for the July-September period fell 5.2 perc…
South Korea’s consumer sentiment rebounded in October as eased inflation and hopes for a rate cut may boost domestic demand, a central bank poll showed Wednesday.
The composite consumer sentiment index stood at 101.7 this month, up from the previous …