Seoul, Feb 9 (IANS) The South Korean economy is showing a moderate increase in production, thanks to improved consumption, a state-run think tank said on Monday.”Recently, our economy has maintained moderate production growth, led by the service sector, thanks to improvements in consumption,” the Korea Development Institute (KDI) said in its monthly economic assessment, reports Yonhap news agency.In December, industrial output rose 1.5 percent from the previous month, while retail sales increase…
Latest Consumer Prices News & Updates
Seoul, Jan 15 (IANS) South Korea’s central bank again left its benchmark interest rate unchanged on Thursday as a weakened won and rising inflation concerns limited room for further easing.In a widely expected decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate at 2.5 per cent at its rate-setting meeting in Seoul, marking the fifth consecutive on-hold decision since July, reports Yonhap news agency.”Inflation is expected to gradually decline, though the elevated exch…