South Korea’s consumer price growth slowed for the sixth straight month in July to the lowest level in 25 months on the back of lower oil prices, data showed Wednesday.Consumer prices, a key gauge of inflation, rose 2.3 percent last month from a year …
North Korea on Wednesday denounced the new U.S. special envoy for the North’s human rights as a “wicked woman” who has plotted anti-Pyongyang campaigns over rights issues and meddled in the internal affairs of sovereign states.The Senate confirmed the…
TKG Huchems Co. on Wednesday reported its second-quarter net income of 40.3 billion won (US$31.4 million), up 86.7 percent from a year earlier.The company said in a regulatory filing that it posted 43.7 billion won in operating profit for the quarter,…
South Korean online lender Kakao Bank said Wednesday its second-quarter net profit soared 44 percent from a year earlier on growth in interest revenue and an expanded customer base.Its net profit stood at 81.9 billion won (US$63.6 million) in the Apri…
Hyundai Motor Co. and Kia Corp. both reported double-digit growth in their U.S. sales in July, backed by strong demand for electric vehicles, data from the U.S. units of the South Korean carmakers have shown.Hyundai sold 66,527 vehicles last month on …
South Korea’s per-capita gross domestic product (GDP) fell by the most among major economies after Japan and Sweden last year, data showed Wednesday.The country’s per-capita GDP dropped 8.2 percent on-year to come to US$32,142 in 2022, according to th…
Naypyidaw: Myanmar’s junta strongman Min Aung Hlaing took a significant step closer to becoming the country’s civilian president after lawmakers nominated him for a three-way runoff, largely seen as a