Tag - Korea to release online price index

Korea to release online price index

South Korea plans to unveil a new index tracing online retail prices this year by using big data from private sector to reflect actual economic sentiment, according to Statistics Korea on Tuesday. The state-run agency plans to release an online price index that will complement the consumer price index by the end of this year, the agency reported in its 2016 plan to President Park Geun-hye. To develop the new indicator, Statistics Korea is currently collecting price data from six major [...]