Economy
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Economy
Korea inflation at 19-mth low; casts doubts over rate hike
South Korea’s headline inflation fell for a fourth straight month in May to a 19-month low amid continuous signs of a slowdown in Asia’s ...
Jun 02, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korea's trade deficit hits 15th straight month
South Korea last month suffered its 15th straight month of trade deficit, its longest streak since the 1997-98 Asian financial crisis, due to the del...
Jun 02, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korean overseas card spending near pre-COVID-19 levels
South Korean residents’ overseas card use jumped in the first quarter to nearly recover levesl before the outbreak of COVID-19 on rising intern...
May 31, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea mulls adding national pension benefits to raise birth rate
South Korea's Ministry of Health and Welfare is considering adding national pension benefits for married couples to raise the ever-declining birth ra...
May 31, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea’s heated debate on domestic helpers from Southeast Asia
South Korea is embroiled in a heated debate on a program to recruit domestic helpers from Southeast Asia at lower rates than those paid to their Kore...
May 26, 2023 (Gmt+09:00)
4 Min read -
Economy
S.Korea's total fertility rate hits 0.81 in Q1
South Korea in the first quarter posted a total fertility rate (TFR) of 0.81, the lowest in history for that quarter. Because the number of births is...
May 25, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea’s direct investment abroad hits record high in Q1 2023
South Korea’s net international investment position (NIIP) increased in the first quarter on the country’s record-high direct investment ...
May 24, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korea's BSI dips below 100 for 15th consecutive month
The economic outlook of South Korean manufacturing and non-manufacturing sectors is negative for June, the 15th consecutive month of such pessimism....
May 23, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea's economy no longer supported by China: BOK head
South Korea’s central bank chief said on Monday the local economy is no longer supported by China given the sustained decline of its exports to...
May 22, 2023 (Gmt+09:00)
2 Min read -
Economy
1% reduction in working-age population reduces GDP by 0.59%: report
A study has revealed that a decrease in the working-age population due to low birth rates and an aging population, coupled with an increase in the de...
May 18, 2023 (Gmt+09:00)
1 Min read -
Economy
Seoul to lower bar for multi-child family subsidies to raise birth rate
The Seoul Metropolitan Government will change the definition of multi-child families from those with three or more kids younger than 13 to households...
May 16, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korean growth outlook dims on increased trade deficit
South Korea’s exports are on course to drop for the eighth consecutive month as they declined in the first 10 days of May, data showed on Thurs...
May 11, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korea in March posts first current account surplus in 3 months
South Korea in March posted a current account surplus for the first time this year thanks to a surge in the dividend account that offset continuous d...
May 11, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea’s chronic disease: Decline in youth employment
The number of young workers in South Korea fell for a sixth straight month in April to its lowest point in more than two years, deepening concerns th...
May 10, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korea to see 240K drop in number of manufacturing workers by 2032
The number of workers in South Korea's manufacturing sector is expected to drop by 240,000 over the next 10 years, a report says, caused by the decli...
May 10, 2023 (Gmt+09:00)
2 Min read -
Korean stock market
Money moves from US, China to India for higher returns
For investors looking for higher returns in emerging markets, India is undoubtedly a market darling.The Asian country, widely expected to become the ...
May 09, 2023 (Gmt+09:00)
2 Min read -
Economy
Seoul eyes opening doors to domestic helpers from Southeast Asia
Seoul is slated to welcome domestic helpers from Southeast Asia later this year to ease the burden of childcare and address issues surrounding Korea'...
May 08, 2023 (Gmt+09:00)
2 Min read -
Economy
Chinese weak domestic demand causes S.Korean trade deficit: report
The Korea International Trade Association (KITA) has urged South Korea to develop a strategy to strengthen exports to China based on its market situa...
Apr 27, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea’s 20-somethings tighten belts due to high interest rates: report
The decline in consumption by 20-somethings due to benchmark interest rate hikes is over eight times greater than those in their 60s.Analysts blame s...
Apr 27, 2023 (Gmt+09:00)
1 Min read -
Economy
Korea's expected inflation hits 11-month low
South Korea's expected inflation has hit a record low of 3.7% in 11 months in April 2023. While the consumer price index rose by 4.2% last month, whi...
Apr 26, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea’s births fall to record low in February
South Korea's births fell to a fresh low in February in 2023. The number of deaths decreased, but the population continued to decline naturally for t...
Apr 26, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea’s public spending on maternity, child care falls short of OECD average
South Korea’s government budget for tackling the nation's low birth rate has risen to 2.25% of GDP, but housing support accounts for a major po...
Apr 26, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea's BSI under 100 for 12th straight month
The economic outlook of South Korean manufacturing and non-manufacturing sectors is negative for May, marking the 12th consecutive month of such pes...
Apr 25, 2023 (Gmt+09:00)
2 Min read -
Economy
Korea avoids recession on strong consumption; outlook still tough
South Korea averted a recession as Asia’s fourth-largest economy rebounded more than expected in the first quarter on strong private consumptio...
Apr 25, 2023 (Gmt+09:00)
2 Min read -
Korean stock market
China, India: Korean investors’ next stock investment targets
The US stock market has long been the prime investment destination for South Korean investors, lured by the dynamics of the global top economy.With t...
Apr 19, 2023 (Gmt+09:00)
3 Min read -
Economy
Korean economy unlikely to rebound in H2; BOK may keep rate
South Korea’s economy is unlikely to rebound in the second half as exports are expected to stay weak on the sluggish global semiconductor indus...
Apr 13, 2023 (Gmt+09:00)
3 Min read -
Economy
South Korea groans under snowballing national liabilities
South Korea’s liabilities ballooned last year following heavy fiscal spending related to the COVID-19 pandemic to buttress growth in Asia&rsquo...
Apr 05, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea's household assets rise to record high in 2022
Average household net assets in South Korea in 2022 increased 10% to a record 456 million won ($350,000) from a year earlier, while it took longer t...
Mar 24, 2023 (Gmt+09:00)
1 Min read -
Economy
South Korea’s births fall to record low in January
South Korea’s births fell to a fresh low in January, while the number of deaths reached its record high, statistics data shows, signaling an ac...
Mar 23, 2023 (Gmt+09:00)
1 Min read
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