- Import
- 20 July 2022

South Korea Battle Rising Inflation By Increasing Tariff-Free Imports
South Korea is grappling with a rising inflation rate of 6% on the basis of year-on-year inflation for the month of June. This is the fastest growth of inflation since November 1998 in South Korea, as per official statistics. The consumer price index increased by 6% in the month of June for 2022, compared to the previous year, making it the fastest-growing consumer price index in the near 24 years. South Korean government has subjected several imports to tariff-free with quotas assigned, such as…
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