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 with a 2.6 percent on-year rise a month earlier, according to the data from Statistics Korea. August’s figure

South Korea’s consumer prices slowed to the lowest level in about 3 1/2 years in August, staying below 3 percent for the fifth month in a row, data showed Tuesday. Consumer prices, a key gauge of inflation, rose 2 percent on-year last month, compared with a 2.6 percent on-year rise a month earlier, according to the data from Statistics Korea.

South Korean shares rose Monday, as investors bet on a U.S. rate cut. The local currency slightly lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index added 6.69 points, or 0.25 percent, to close at 2,681.00. Trade volume was moderate at 262.5 million shares worth 8.5 trillion won (US$6.35 billion), with losers outnumbering gainers 534 to

Defense minister nominee Kim Yong-hyun said Monday that South Korea’s nuclear armament could be among the options considered to respond to North Korea’s nuclear threats amid high public support for the idea of their country going nuclear. “That is included among all possible options,” Kim said in a parliamentary confirmation hearing, in response to a question on the possibility of

The Korea Interbank Offered Rates (KORIBOR) as posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m. Term Today (%) Previous Session (%) 1-W 3.50 3.50 1-M 3.49 3.49 2-M 3.49 3.49 3-M 3.49 3.49 6-M 3.46 3.46 12-M 3.38 3.38 Source: Yonhap News Agency

The following is the weather forecast for South Korea’s 12 major cities at 9:01 a.m. Monday. Temperature (C) Condition Possibility High/Low of Rain (%) Seoul 27/24 Rain 60 Incheon 27/25 Rain 30 Suwon 27/23 Rain 30 Cheongju 29/23 Rain 60 Daejeon 30/22 Rain 60 Chuncheon 27/21 Rain 60 Gangneung 28/23 Rain 80 Jeonju 30/23 Sunny 60 Gwangju 30/22 Sunny 60

Kia Corp., South Korea’s second-largest automaker, said Monday its August sales fell 1.7 percent from a year earlier amid weakened demand both at home and overseas. Kia, the smaller affiliate of Hyundai Motor Co., sold 251,638 vehicles in August, down from 256,038 units a year ago, the company said in a statement. The company said domestic sales fell 4.1 percent

Police have launched a preliminary investigation into the instant messaging service platform Telegram on suspicions of abetting deepfake sex crimes, the chief police investigator said Monday. The move comes as South Korea scrambles to combat deepfake pornography targeting young women, including teenagers, which has been circulated online. “As France has done, the Seoul Metropolitan Police Agency launched an internal investigation