Korea

Korea’s inflation surges to three-year high of 5.3%

Blame the 11.4% rise in food prices for the higher inflation.

Korea’s inflation surges to three-year high of 5.3%

Blame the 11.4% rise in food prices for the higher inflation.

Korea’s industrial production rises 3.8% in July

Morgan Stanley says production activities were affected by the holidays, and possibly by the heavy rainfall in the month.

Exports in South Korea hit a record USD 51.4bn in July

Exports of ships led the strength in overall exports, rising sharply to USD 6.2bn.

Korea’s central bank to hike up rates to 3.5% in August

HSBC says inflation will drift back down to the central bank’s target range of 2-4%.

South Korean telcos not threatened by mobile virtual network operators

Despite the attractive tariff plans, MVNOs will find it difficult to secure a line-up of attractive handsets due to their small subscriber base.

Asian currencies remain vulnerable

And guess which currency is the most risk on?

Spending splurge: Korean households spend more than what they earn

Households' gross savings are hence dropping rapidly, which has lasted for too many quarters, says Morgan Stanley.