South Korea's import prices fell for the first time in three months in July as global oil prices declined amid concerns about a global recession, central bank data showed Friday. The import price index inched down 0.9 percent in July from a month earlier, compared with a 0.5 percent on-month rise in June, according to the preliminary data from the Bank of Korea (BOK). This marked the first on-m...

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Samsung Fire & Marine Insurance Co., South Korea's No. 1 non-life insurer, said Thursday its second-quarter earnings rose 9 percent from a year ago thanks to a decreased loss rate. Net income came t....5 percent in the first half due largely to fewer accidents from COVID-19 and rising international oil prices. A senior company official said Samsung Fire & Marine Insurance will ramp up efforts to s...

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South Korea's exports jumped 23.2 percent on-year in the first 10 days of August on robust demand for petroleum products and autos, but the country saw its trade deficit widen on soaring fuel costs, ...ve month of growth. But the country suffered a trade deficit for the fourth straight month as high oil and commodity prices pushed up the country's import bills. Imports of crude oil jumped 50.1 perc...

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SEJONG -- The nation’s transportation fees recorded double-digit growth on-year for the fifth consecutive month in the wake of a spike in international crude prices and a glitch in supply of raw mate... percent growth recorded in September 2013. Tire prices climbed by 9.9 percent. Charges on engine oil replacement rose by 10.5 percent, which marked the highest since the 11.7 percent recorded in Jun...

South Korea’s inflation rate this year is likely to exceed 5 percent, marking the highest in 24 years, as average consumer prices in the first seven months have risen 4.9 percent from a year ago, acc...e Bank of Korea expect inflation to peak in the fall and start to slow thereafter as international oil prices have dropped to levels prior to Russia’s invasion of Ukraine, and Ukrainian grain exports ...

...for seven consecutive trading sessions. Overnight, US stocks closed mostly unchanged ahead of July's jobs report, set to be released Friday. The Dow Jones Industrial Average declined around 0.3 perce...ercent, and the Nasdaq Composite climbed 0.4 percent. "There is a hope in the market that falling oil prices could indicate inflation might soon peak," Meritz Securities analyst Lee Jong-bin said. "T...

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...osts emanating from high energy and commodity prices, central bank data showed Friday. The country's current account surplus stood at $5.61 billion in June, accelerating from the previous month's sur... snarls that have been exasperated by the ongoing war in Ukraine. In particular, imports of crude oil and coal jumped 53.1 percent and 189 percent, respectively, in June from a year earlier. Imports ...

...any and France, also suffered trade deficits. But this does little to dispel the unease about Korea’s own deficit. It is unusual for Korea to suffer trade deficits with China for three successive mon...trial structure. The country cannot find a solution simply by waiting for international prices of oil and raw materials to come down. Companies should do all they can to diversify their export marke...

SEJONG -- The Middle East was found to have contributed the most to South Korea’s all-time high trade deficit for the first seven months of the year, state data showed Wednesday, reflecting the export-driven economy’s ongoing high reliance on crude oil. According to the Ministry of Trade, Industry and Energy, Korea suffered a cumulative deficit of $51.7 billion in trade with countries in the Mi...