Browsing: Seoul

South Korea’s consumer inflation accelerated to 3.1 percent in May, the fastest pace in 26 months, as higher fuel costs lifted household and transport expenses across Asia’s fourth-largest economy. The consumer price index rose from 2.6 percent in April and

South Korea and Japan agreed to launch a new energy cooperation framework after President Lee Jae Myung and Prime Minister Sanae Takaichi held summit talks in Andong, adding fuel supply resilience to a widening bilateral agenda that also covers security,

South Korea has launched a 1.115 trillion won, or about US$665.5 million, Industrial Growth Fund to expand financing for manufacturing innovation, artificial intelligence adoption and technology commercialization across key industries. The fund was introduced on May 18 at an industrial

SEOUL: Sales at South Korea’s major retailers rose 5.6% from a year earlier in March, extending gains in consumer spending as online platforms outpaced store-based outlets and department stores benefited from seasonal demand. The Ministry of Trade, Industry and Energy

SEOUL: Mercedes-Benz on Monday unveiled the all-new electric C-Class at a world premiere in Seoul, introducing the first battery-electric version of one of its best-known sedan nameplates and placing one of the brand’s core products into the premium EV market.

SEOUL: South Korea has approved its first paid self-driving freight transport service, authorizing autonomous driving startup RideFlux to begin commercial cargo operations on a long-distance route linking Seoul and Jincheon. The Ministry of Land, Infrastructure and Transport said the service

SEOUL: The Bank of Korea held its benchmark interest rate at 2.50% on Friday, extending a pause that began in July 2025 and marking a seventh straight policy meeting without a change, as policymakers weighed rising inflation pressure, weaker growth