The Commerce Ministry reviewed the ban owing to "serious concerns" raised by major trading partners and its effect on supply chains and domestic retailers

The retailer's management has come under pressure from US and Chinese regulators as tensions between the two economic giants have grown

While conceding his words may have been inappropriate, Bank of Japan governor Haruhiko Kuroda said the remark was intended to help explain the need for more wage growth

The CPI rose 5.4% in May from a year before, according to Statistics Korea data, faster than the 4.8% rise the previous month and above the 5.1% tipped in a Reuters poll

CPI data showed that consumer price pressures rose, while the Producer Price Index was contained by measures to stabilise commodity prices and increase supply

The core consumer price index, which excludes volatile fresh food prices but includes fuel costs, jumped 0.8% in March from a year earlier, data showed