August 14, 2024

S. Korea’s fiscal deficit surpasses 100 tln won through June

South Korea’s fiscal deficit surpassed 100 trillion won (US$73.51 billion) during the first half of 2024 amid weak corporate performances and rising state expenditures, data showed Wednesday.

The managed fiscal balance, a key gauge of fiscal health …

Severe floods in N. Korea could cut its 2024 crop output: FAO

North Korea’s crop output for this year could be dented by severe floods from the latest heavy rains and a possible increase in pest infestations, the Food and Agriculture Organization (FAO) said Wednesday.

North Korea is expected to receive above-a…

(LEAD) Seoul shares up for 4th day on hopes for rate cuts by Fed

South Korean stocks closed higher for the fourth consecutive session Wednesday as cooler-than-expected U.S. producer price data soothed concerns and boosted investors’ sentiment. The local currency sharply rose against the U.S. dollar.

The benchmark…