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Tuesday, September 26, 2023
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inflation

Climate change fuels inflation, threatens food industry

Extreme heat and abnormal climate are slamming global economies, fueling inflation. Korea’s inflation fell below 3 percent in June and July, but torrential downpour, extreme...

Is China’s cloudy real estate outlook a silver lining for inflation?

Economic risks spurred by China’s decaying real estate market could bring forward an end to monetary tightening policies worldwide, experts say. Chinese property developer Evergrande...

Bank of Korea holds rate steady at 3.5 percent

The Bank of Korea kept its policy rate unchanged Thursday for the fourth consecutive time, holding it at 3.5 percent. It was a widely expected...

Cost-effective Korean restaurants with lunch menus under $13

Workers and seniors sick of lunchflation (lunch + inflation) are desperately looking for cost-effective yet delicious eateries in Los Angeles Koreatown. Junha Lee, 39, who...

[Breaking] Fed made another giant steps, raised 0.75%p

The Fed decided another interest rate hikes, by 0.75 percentage points, the sixth increase this year to combat against inflation, and signaled to continue...

Seoul shares open lower on dim U.S. tech earnings, Fed uncertainties

Stocks opened lower Friday, weighed by lackluster earnings and forecasts from major U.S. tech companies, with uncertainties hanging over the Federal Reserve's next move...

[BREAKING] Another 0.75 Percentage Point Rate Hikes by Fed

Federal Reserve decided its thrid consecutive rate hikes of 0.75%p lifting the benchmark of federal funds rate to a range between 3% and 3.25%,...

Korea, U.S. agree to launch formal talks on U.S. Inflation Reduction Act: Amb. Cho

The U.S. government has agreed to launch formal talks with Korea on ways to minimize the adverse effects of the recently enacted Inflation Reduction...

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