Economy
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Economy
S.Korea’s jobs in February grow at slowest pace in 2 years
South Korea’s jobs grew at the slowest pace in two years last month partly owing to a slowdown in the country’s manufacturing sector due ...
Mar 16, 2023 (Gmt+09:00)
3 Min read -
Economy
S.Korea logs biggest-ever current account deficit in Jan on export slump
South Korea reported its record current account deficit in January due to sluggish exports, the country’s key growth driver, and a widened trav...
Mar 10, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korea pledges steps to attract more foreign investment
South Korea will boost foreign investment in the country through increased incentives and deregulation, Finance Minister and Deputy Prime Minister Ch...
Mar 08, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea lags Taiwan in GNI per capita for first time since 2002
South Korea’s gross national income (GNI) per capita dropped 7.7% on-year last year, coming in below that of its smaller rival Taiwan for the f...
Mar 07, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korean inflation rises at slowest rate in 10 months in February
South Korea’s headline inflation gain eased in February, rising at the slowest pace in 10 months on a drop in oil product prices but utility pr...
Mar 06, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korea’s exports drop for 5th straight month in Feb on plunging chip sales
South Korea’s exports shrank 7.5% year over year in February on a plunge in shipments of its mainstay export item semiconductors amid the globa...
Mar 02, 2023 (Gmt+09:00)
4 Min read -
Economy
AmCham pledges to make S.Korea Asia's top biz hub
The American Chamber of Commerce (AmCham) in South Korea on Thursday said it seeks to make the nation Asia's top business hub on the 70th anniversary...
Feb 23, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea hits historic low fertility rate in 2022, adding to economic woes
South Korea saw its fertility rate, which has been already the world’s lowest in the past few years, hit its historic low of 0.78 last year, ad...
Feb 22, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korea sees first decline in household loans in 20 years
Household loans in South Korea last year fell from 2021 for the first time in 20 years because of high interest rates, but credit card debt hit a rec...
Feb 22, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korea confirms economic slowdown, recession concerns loom
The South Korean finance ministry on Friday confirmed that the country’s economy has slowed, mired in stubbornly high inflation and sluggish ex...
Feb 17, 2023 (Gmt+09:00)
4 Min read -
Economy
S.Korea's Engel coefficient rises sharply amid COVID-19 pandemic
South Korea’s low-income households are feeling the pinch of rising food prices amid the COVID-19 pandemic, according to a report by a local th...
Feb 17, 2023 (Gmt+09:00)
1 Min read -
Economy
Korean shipbuilding, defense sectors offer bright 2023 outlook
South Korea’s major companies in shipbuilding, defense and construction industries expect strong earnings this year, despite growing concerns o...
Feb 16, 2023 (Gmt+09:00)
3 Min read -
Economy
Korean jobs up by 22-month low of 411,000 in Jan, with signs of cooling
South Korea added the smallest number of payrolls in nearly two years in January, with mainly part-time jobs taken by people in their 60s and older, ...
Feb 15, 2023 (Gmt+09:00)
2 Min read -
Economy
Treasury yield falls signal BOK's looser grip on inflation
The yield on South Korea’s benchmark three-year treasury bonds has stayed below the base rate for a month, out of sync with monetary policies f...
Feb 13, 2023 (Gmt+09:00)
3 Min read -
Economy
S.Korea’s trade outlook dismal in Feb with stagnant exports
South Korea’s trade deficit in just the first 40 days of this year inched close to 40% of its worst-ever annual deficit last year amid a contin...
Feb 13, 2023 (Gmt+09:00)
2 Min read -
Economy
Korea returns to current account surplus in Dec but faces export slump
South Korea’s current account balance returned to the black in December from the previous month mainly thanks to gains in dividend payments but...
Feb 08, 2023 (Gmt+09:00)
1 Min read -
Economy
Korea’s inflation picks up 5.2% in January on high utility prices
South Korea’s headline inflation accelerated 5.2% year on year in January, reversing its course of slowing in the past two months due to gains ...
Feb 02, 2023 (Gmt+09:00)
3 Min read -
Economy
S.Korea likely to suffer recession as Jan exports tumble
South Korea is likely to head for a recession for the first time in three years as exports of Asia’s fourth-largest economy in January dropped ...
Feb 01, 2023 (Gmt+09:00)
3 Min read -
Economy
Four out of ten exporters expect raw material prices to rise again this year
A survey revealed that a large number of South Korea's major exporters expect troubles ahead for this year due to rising raw material prices and supp...
Jan 30, 2023 (Gmt+09:00)
1 Min read -
Economy
South Korea’s economic contraction deepens recession woes
South Korea suffered its first economic contraction in two and half years due to sluggish exports and weak domestic demand during the fourth quarter ...
Jan 26, 2023 (Gmt+09:00)
3 Min read -
Economy
S.Korea's BSI hits 30-month low amid poor business sentiment
The economic outlook by companies is worsening given lingering global uncertainty, with the business outlook for February at its lowest level in two ...
Jan 26, 2023 (Gmt+09:00)
1 Min read -
Economy
25% of lottery ticket buyers in S.Korea play every week
One in four buyers of lottery tickets in South Korea over the past year tried their luck every week.The Ministry of Strategy and Finance on Tuesday i...
Jan 25, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea's GNI per capita falls in 2022 on foreign exchange fluctuation
South Korea's gross national income (GNI) per capita last year likely fell under $35,000, a figure first reached in 2021, due to sluggish economic gr...
Jan 18, 2023 (Gmt+09:00)
1 Min read -
Economy
Bank of Korea gives bearish outlook after rate hike
South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth for...
Jan 13, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea posts 2nd current account deficit in 3 months due to flat exports
South Korea in November last year suffered its second current account deficit in three months due to plummeting exports of key items like semiconduct...
Jan 11, 2023 (Gmt+09:00)
1 Min read -
Economy
Seoul ranks 7th in city competitiveness assessed by Japanese Institute
Seoul's urban competitiveness rebounded after five years, ranking seventh in the world. It was due to the fact that the ranking of the economy catego...
Jan 09, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korean companies expect exports to decline in 1% range this year
South Korea's companies expect both sales and exports this year to decline in the 1% range from last year, predicting economic growth in the low 1% r...
Jan 04, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korea logs record trade deficit in 2022; outlook dim
South Korea suffered a record trade deficit last year as the ongoing war in Ukraine ramped up energy import bills, while the outlook remained dark wi...
Jan 01, 2023 (Gmt+09:00)
2 Min read -
Economy
Business Survey Index falls for 4th consecutive month
With both exports and domestic spending growing shakier amid the global economic downturn, South Korean business sentiment has taken a backward step ...
Dec 28, 2022 (Gmt+09:00)
1 Min read
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