SEJONG -- The growth in the nation's consumer prices somewhat decelerated last month after continuously expanding for six consecutive months from February-July. But the inflation still remained at a critically high level, state data showed Friday. According to Statistics Korea, consumer prices climbed by 5.7 percent in August on-year amid ongoing global inflationary pressure, which has been causing high raw material prices. It marked the first slowed growth in seven months after the inflation

South Korea's consumer prices grew at a slower in August after running at a 24-year high the previous month as global oil prices slid, data showed Friday, in a sign that high inflation may have peaked. But inflationary pressure still remains high, given volatility in oil prices and a weaker won, fanning expectations that the central bank will likely further raise the policy rate. Consumer prices, a key gauge of inflation, jumped 5.7 percent last month from a year earlier, slowing from a 6.3 perc

Amid sharp export decline, Korean economy grew 0.7% in Q2, buttressed by consumer spending

  South Korea's economy grew at a faster pace in the second quarter of this year as private spending rose amid eased coronavirus restrictions despite shrinking exports, central bank data showed Thursday. The country's gross domestic product (GDP) -- a key measure of economic growth -- increased 0.7 percent in the April-June period from three months earlier, according to the preliminary data from the Bank of Korea (BOK). The growth slightly quickened from the previous quarter's 0.6 percent r

2) 파트 5 3문제 1. The secretary does not know ------- the company president will be able to attend an emergency meeting due to his hectic schedule. (A) on (B) if (C) while (D) once 해석 -- 그 비서는 기업 회장이 정신없이 바쁜 일정으로 인해 긴급회의에 참석할 수 있을 것인지 알지 못한다. 해설 -- 명사절 접속사 채우기 문제 빈칸 이하(------- the company president ~ hectic schedule)는 타동사(know)의 목적어 자리이다. 따라서 목적어 자리에 온 절을 이끌 수 있는 명사절 접속사 (B) if(~인지 아닌지)가 정답이다. 전치사 (A), 부사절 접속사 (C), (D)는 명사절을 이끌 수 없다. 어휘 secretary 비서 attend 참석하다, 출석하다 emergency meeting

South Korea suffered a trade deficit for the fifth consecutive month in August for the first time in nearly 14 years on high global energy prices, though its exports rose 6.6 percent on-year, data showed Thursday. Outbound shipments stood at $56.67 billion last month, up from $53.2 billion a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. It is the highest tally for any August since the ministry began compiling related data in 1956. The previous record

SEJONG -- Korea posted a triple decline in industrial output, consumption and investment in July amid the ongoing negative factors, such as spiraling raw material prices and a glitch in global supply, state data showed Wednesday. Further, consumption decreased for the fifth consecutive month, which marked the first time in 1995 since the nation started compiling the relevant figures. According to Statistics Korea, industrial output declined by 0.1 percent in July on-month, private consumption

South Korea's industrial output, retail sales and investment declined together for the first time in three months in July amid heightened external uncertainty, data showed Wednesday. Industrial output fell 0.1 percent in July from the previous month, compared with a 0.8 percent on-month increase in June, according to the data from Statistics Korea. Compared with a year earlier, industrial production grew 3.8 percent. Retail sales, a gauge of consumption, fell for the fifth straight month in July

The Bank of Korea said Tuesday that it is not expecting a shift in its interest rate policy despite a hawkish US stance on inflation Federal Reserve Chairman Jerome Powell revealed over the weekend, as that was already factored in its decision-making process. At a three-day global symposium of central bankers that ended Saturday in Jackson Hole, Wyoming, Powell made it clear he backs rate hikes as needed to tame inflation even if that means slowing growth – a message some say could push t

Yoon to minimize state spending for fiscal soundness

Retail sales in South Korea rose 9.7 percent on-year in July amid eased COVID-19 curbs and the growth in people's outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.17 trillion won ($10.48 billion) last month, compared with 12.9 trillion won a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. It marked the fifth consecutive month of on-year growth. Sales from offline stores

The Bank of Korea (BOK) will not change its current monetary policy of pushing for "piecemeal" rate increases to combat inflation despite US Fed Chair Jerome Powell's hawkish remarks at the recent Jackson Hole meeting, its top official said Tuesday. At the annual conference held over the weekend in Wyoming, Powell hinted at continuing the Federal Reserve's rate hikes for some time to rein in runaway inflation, a comment interpreted in the market as raising the possibility of

South Korea on Tuesday proposed a budget of 639 trillion won ($473.5 billion) for next year in the slowest spending growth in six years as it seeks to implement a belt-tightening policy to improve fiscal health. The proposal represents a 5.2 percent hike from this year's budget of 607.7 trillion won and compares with an 8.9 percent on-year increase for the 2022 state budget. But it marks the slowest growth since a 3.7 percent rise for the 2017 budget and a 6 percent on-year fall from this year's

South Korea's tax revenue grew 37.3 trillion won ($27.8 billion) in the first seven month of this year from a year ago as the collection of corporate and income taxes amid the economic recovery, the finance ministry said Tuesday. Tax revenue amounted to 261 trillion won in the January-July period, compared with 223.7 trillion won the previous year, according to the ministry. In July alone, tax revenue increased 800 billion won on-year to 42.7 trillion won. South Korea has posted a surplus o

SEJONG -- The number of self-employed people without employees came to the highest in 14 years in South Korea amid the surge in food deliverymen and business startups among retirees, state data showed Monday. The nation’s self-employed is split into two groups: those who hire several workers as micro-business owners, and those who do not hire any employees. The latter are also called own-account workers. According to Statistics Korea, the number of own-account workers, who work alone, re