South Korea Export Prices Jump 6.2% On Year In April

RTTNews | hace 188
South Korea Export Prices Jump 6.2% On Year In April

(RTTNews) - Export prices in South Korea spiked 6.2 percent on year in April, the Bank of Korea said on Tuesday - accelerating from 2.6 percent in March.

Import prices rose an annual 2.9 percent after slipping 0.7 percent in the previous month.

The Export Volume Index was up 9.8 percent on year and the Import Volume Index rose 7.1 percent in April.

The Export Value Index spiked an annual 13.1 percent and the Import Value Index advanced 4.9 percent.

On a monthly basis, export prices jumped 4.1 percent and import prices gained 2.9 percent.

The terms of trade climbed 5.2 percent on year.

read more
South Korea GDP Expands 0.1% On Quarter In Q3

South Korea GDP Expands 0.1% On Quarter In Q3

South Korea's gross domestic product gained a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, the Bank of Korea said in Thursday's preliminary reading.
RTTNews | hace 25
South Korea GDP Rises 0.1% In Q3

South Korea GDP Rises 0.1% In Q3

South Korea's gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, the Bank of Korea said in Thursday's preliminary reading.
RTTNews | hace 25
Bank Of Korea Cuts Key Rate For First Time In More Than 4 Years

Bank Of Korea Cuts Key Rate For First Time In More Than 4 Years

The Bank of Korea lowered its base rate for the first time in more than four years on Friday, in order to stimulate economy as inflation weakened to the lowest since early 2021 and household debt began to slow on tight macroprudential policies. The Monetary Policy Board headed by Rhee Chang Yong decided to cut the Base Rate by 25 basis points to 3.25 percent from 3.50 percent.
RTTNews | hace 38