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July 11, 2024

Seoul shares open higher on Powell’s comments

Seoul shares opened higher Thursday as Wall Street rallied after Federal Reserve Chairman Jerome Powell said the central bank will not wait until inflation “gets all the way down to 2 percent” for a rate

Exports soar 34 pct during first 10 days of July

South Korea’s exports jumped 33.8 percent on-year in the first 10 days of July, data showed Thursday.

Outbound shipments reached US$17.75 billion in the July 1-10 period, compared with $13.26 billion tallied a year earlier,

OECD maintains S. Korea’s 2024 growth outlook at 2.6 pct

The Organization for Economic Cooperation and Development (OECD) forecast that the South Korean economy would grow 2.6 percent this year on rising exports, Seoul’s finance ministry said Thursday.

The latest figure remained unchanged from its