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[Economy] :
The number of economically inactive South Koreans increased by 245-thousand on-year in August.
According to Statistics Korea on Wednesday, nearly two-point-57 million people were neither working nor looking for work.
Those in their 60s made up 36-point-three percent of the total, while people in their ...
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[Economy] :
The nation posted a current account surplus for the fifth consecutive month in September, on the back of robust exports of semiconductors and other IT products.
According to tentative data from the Bank of Korea on Thursday, the current account surplus came to eleven-point-12 billion dollars in ...
[more...]
[Economy] :
Finance Minister Choi Sang-mok said Thursday that he expects Donald Trump’s reelection to have a “considerable” impact on the South Korean economy.
The minister made the remarks Wednesday in Seoul during a meeting of ministers concerned with the economy, the morning after Donald Trump won the U.S. ...
[more...]
[Economy] :
One out of ten couples who tied the knot last year were from different cultures, as the number of multicultural marriages returned to pre-pandemic levels.
According to Statistics Korea on Thursday, there were 20-thousand-431 multicultural couples in 2023, up 17-point-two percent from a year ...
[more...]
[Economy] :
Representatives of the government and the business community met to discuss former President Donald Trump’s reelection and how it might affect trade.
At a meeting presided over by Minister of Trade, Industry and Energy Ahn Duk-geun on Thursday, participants exchanged views on the likely impact of the ...
[more...]
[Economy] :
Global investment banks have slashed their growth outlook for South Korea for this year.
According to the Korea Center for International Finance on Friday, the growth forecast by eight foreign investment banks averaged two-point-three percent at the end of October, representing a zero-point-two percentage ...
[more...]
[Economy] :
Foreign investors were net sellers in the South Korean stock market for the third month in October.
According to data from the Bank of Korea(BOK) on Friday, foreigners sold a net four-point-17 billion U.S. dollars worth of stocks last month.
But the latest figure is lower than September’s total of ...
[more...]
[Economy] :
Exports fell more than 17 percent year-on-year in the first ten days of November because there were fewer working days.
According to preliminary data from the Korea Customs Service on Monday, the country’s outbound shipments reached 14-point-nine billion U.S. dollars during the cited period, down ...
[more...]
[Economy] :
The benchmark Korea Composite Stock Price Index dipped 29-point-49 points, or one-point-15 percent, on Monday to close at two-thousand-531-point-66.
The tech-heavy KOSDAQ slid 14-point-54 points, or one-point-96 percent, to close at 728-point-84.
[more...]
[Economy] :
The Korea Development Institute(KDI) has recommended further easing of monetary policy tightening as it forecast that the slowdown in inflation will continue for the time being.
The state-run think tank made the recommendation in a report released on Monday that analyzed recent price fluctuation factors ...
[more...]
[Economy] :
The South Korean won weakened past the psychological threshold of 14-hundred won against the U.S. dollar on Tuesday, after Donald Trump’s victory in the U.S. presidential election last week.
The South Korean currency traded at 14-hundred-point-seven won per dollar as of 9:05 a.m. Tuesday, six won more ...
[more...]
[Economy] :
South Koreans appear to hold more favorable views of marriage and childrearing than they did two years ago.
According to Statistics Korea on Tuesday, 52-point-five percent of some 36-thousand people aged 13 and older polled in May said people should get married, up two-point-five percentage points from ...
[more...]
[Economy] :
The South Korean won weakened past the psychological threshold of 14-hundred won against the U.S. dollar on Tuesday, after Donald Trump’s victory in the U.S. presidential election last week.
The South Korean currency traded at 14-hundred-three-point-five won per dollar as of 3:30 p.m. Tuesday, ...
[more...]
[Economy] :
South Korea’s benchmark Korea Composite Stock Price Index(KOSPI) slipped below the two-thousand-500 threshold on Tuesday for the first time since August’s “Black Monday.”
The KOSPI dipped 49-point-09 points, or one-point-94 percent, on Tuesday to close at two-thousand-482-point-57.
In the ...
[more...]
[Economy] :
The nation added 83-thousand jobs in October, with job growth falling below 100-thousand for the first time in four months.
According to Statistics Korea on Wednesday, the number of employed people stood at 28-point-eight million last month, up 83-thousand from the same month last year.
Job growth fell ...
[more...]
[Economy] :
The country’s import prices jumped more than two percent in October due to the won’s depreciation against the U.S. dollar and a rise in global oil prices.
According to data from the Bank of Korea on Wednesday, the country’s import price index reached 137-point-61 in October, up two-point-two ...
[more...]
[Economy] :
South Korea’s tech-laden KOSDAQ fell below the 700 mark during trading for the first time in two months.
As of 10:12 a.m. Wednesday, the secondary KOSDAQ market stood at 697-point-94, down 12-point-58 points or one-point-77 percent from the previous day.
It marks the first time the KOSDAQ has ...
[more...]
[Economy] :
The minister of trade, industry and energy has met with automotive and battery industry representatives ahead of Donald Trump’s return to power in the U.S.
The ministry announced on Wednesday that the meeting took place earlier in the day, with participants highlighting the importance of South Korean ...
[more...]
[Economy] :
Sino-U.S. decoupling is forecast to intensify and preference for U.S. interests to expand under the incoming Donald Trump administration.
This outlook was put forth Wednesday at a seminar hosted by the Korea International Trade Association(KITA).
Kyung Hee University Professor Seo Jung-kun pointed to a ...
[more...]
[Economy] :
Prime Minister Han Duck-soo says the government will consult with the justice ministry and consider expanding the scope of the E-7 visa for professional workers, if the shipbuilding industry deems it necessary.
Han made the remark during a news conference on Wednesday when asked how the government plans ...
[more...]