South Korea chip bonuses put central bank on alert (opens in new tab)

South Korea's central bank warned in a June 17 report that record performance bonuses at major technology companies could feed broader wage gains and add inflation pressure in an economy already running above its official target. The Bank of Korea said higher energy prices linked to the Iran-Israel conflict have been the main driver of this year's inflation, but price pressure could keep rising as household incomes improve and wage increases broaden. The bank forecasts full-year inflation at ...