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South Korea Consumer Prices Fall 0.3% In November
(RTTNews) - Consumer prices in South Korea were down a seasonally adjusted 0.3 percent on month in November, Statistics Korea said on Tuesday.
That was unchanged from the October reading but missed forecasts for a decline of 0.2 percent.
On a yearly basis, inflation was up 1.5 percent - beneath expectations for an increase of 1.7 percent but up from 1.3 percent in the previous month.
Core CPI, which strips out the volatile costs of food, was flat on month and up 1.9 percent on year after adding 0.2 percent on month and 1.8 percent on year in October.
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Bank Of Korea Cuts Policy Rate By 25 Bps
The Bank of Korea reduced its benchmark rate by a quarter-point on Tuesday as domestic political unrest and trade policies of the US government weighed on domestic demand and economic growth. The monetary policy board, governed by Rhee Chang Yong, decided to lower the Base Rate by 25 basis points to 2.75 percent. The decision matched expectations.
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South Korea Producer Prices Climb 0.6% In January
Producer prices in South Korea were up 0.6 percent on month in January, the Bank of Korea said on Thursday - accelerating from 0.4 percent in December.
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South Korea Has $12.37 Billion Current Account Surplus
South Korea posted a current account surplus of $12.37 billion in December, the Bank of Korea said on Thursday - up from the upwardly revised $10.05 billion surplus in November (originally $9.30 billion).
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South Korea Inflation Jumps 2.2% On Year In January
Consumer prices in South Korea were up 2.2 percent on year in January, Statistics Korea said on Wednesday - exceeding expectations for 2.0 percent and accelerating from 1.9 percent in December.
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South Korea Manufacturing Sector Expands In January - S&P Global
The manufacturing sector in South Korea bounced back up into expansion territory in January, the latest survey from S&P Global revealed on Monday with a PMI score of 50.3.
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South Korea Industrial Production Climbs 3.6% In December
Industrial output in South Korea jumped a seasonally adjusted 4.6 percent on month in December, Statistics Korea said on Monday.
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South Korea Industrial Output Jumps 3.6% In December
Industrial production in South Korea was up a seasonally adjusted 4.6 percent on month in December, Statistics Korea said on Monday.
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South Korea Q4 GDP Climbs 0.1% On Quarter
South Korea's gross domestic product improved a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2024, the Bank of Korea said on Thursday.
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