An increasing number of South Korean companies are turning to "direct power purchases"—buying electricity directly from power generators without going through KEPCO—to reduce their electricity costs.

Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It fluctuates over time due to inflation, deflation and changes in income, directly ...

Purchasing Power Parity is the rate at which the currency of one country would have to be converted into that of another country to buy the same amount of goods and services in each country. For ...

Purchasing power parity (PPP) is a concept found in macroeconomics. Using PPP, economists seek to calculate the cost of items across various different countries and currencies. Looking for a helping ...