September 3, 2024

(LEAD) Consumer inflation slows to 41-month low in August

South Korea’s consumer prices slowed to the lowest level in nearly 3 1/2 years in August on easing prices of farm produce and global oil, data showed Tuesday.

Consumer prices, a key gauge of inflation, rose 2 percent on-year last month, compared wit…

Gov’t designates Oct. 1 Armed Forces Day as temporary holiday

The government on Tuesday designated Armed Forces Day on Oct. 1 as a temporary holiday this year to boost troop morale and domestic consumption.

A motion to designate the holiday was passed during a Cabinet meeting and will be sent to President Yoon…