October 23, 2024

S. Korea’s Consumer Sentiment Rebounds on Hopes for Rate Cut

South Korea’s consumer sentiment rebounded in October as eased inflation and hopes for a rate cut may boost domestic demand, a central bank poll showed Wednesday.

The composite consumer sentiment index stood at 101.7 this month, up from the previous …

S. Korea Extends Fuel Tax Cut by 2 Months

South Korea said Wednesday it will extend the tax cut on fuel by another two months with some adjustments amid the ongoing Middle East crisis.

The decision was aimed at reducing the scope of the discount by taking recent energy and inflation trends, …