SEOUL & TOKYO, Oct. 20 (Korea Bizwire) – Last week, as Japan faced mounting criticism for charging its citizens for chartered evacuation flights from Israel while South Korea provided free assistance to its citizens, the Japanese government decided to align with South Korea’s approach and offer complimentary evacuation support. In a recent development, the Japanese government has [...]
SEOUL, Oct. 19 (Korea Bizwire) — Geopolitical risks stemming from the conflict between Israel and the Palestinian militant group Hamas are feared to cause a flare-up in inflation and ripple effects for the South Korean financial market and the real economy, the finance minister said Thursday. Choo Kyung-ho made the assessment during a parliamentary audit [...]
SEOUL, Oct. 18 (Korea Bizwire) — South Korea’s industry minister on Wednesday requested local oil refiners use a fair and transparent pricing policy amid the growing volatility of crude prices as the Israel-Hamas war intensifies. “We ask (local oil refiners) to use a transparent and fair oil pricing policy so that the recent rise in [...]