Seoul [South Korea], December 12 (ANI/Global Economic): Foreign investors have bought domestic stocks and bonds for 2 consecutive months due to expectations for the US Fed to scale back the pace of its interest rate hikes and higher sales performance of major companies.
Although the South Korean economy continued to grow for nine consecutive quarters since March 2020 (2.3 per cent), the growth rate has decreased to a half of the second quarter (0.7 per cent). In particular, trade balance has significantly decreased. Exports increased 1.1 per cent due to decrease in chip exports, while imports such as crude oil and natural gas increased by 6 per cent.
Seoul [South Korea], June 21 (ANI/Xinhua): South Korea's headline inflation is expected to hit a 14-year high this year on growing inflationary pressures both from the demand and the supply sides, a central bank report said Tuesday.
Seoul [South Korea], January 13 (ANI/Global Economic): As individual investors have sold risky assets such as stocks due to the base interest rate hike, S. Korea's money supply surpassed 39 trillion won, hitting the highest rate. The increase rate is the highest level in 12 years and 11 months.
Seoul [South Korea], November 24 (ANI/Xinhua): South Korea's import value surged last month on expensive crude oil, central bank data showed Wednesday.