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Export, import prices rise for second month on FX, tech costs

Korea’s export and import prices both rose in August for the second consecutive month, driven by a weaker won and higher prices for computers and electronic equipment, the Bank of Korea said on September 16. Export prices climbed 0.7% from July but fell 1.0% from a year earlier. The average won-dollar exchange rate rose from 1,375.22 in July to 1,389.66 in..

Gov’t tightens national budget spending in 2023
AsiaToday reporter Lee Ji-hoonThe government has proposed a budget of 639 trillion won (US$473.5 billion) for next year, an increase of 5.2 percent from th..

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