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Business
Bank of Korea raises benchmark rate to manage debt risk
The Bank of Korea (BOK) announced the end of the era of historically low interest rates on Thursday. It raised the base rate of interest 0.25 points and hinted at more rate hikes to come.The BOK belie
Fri, 27 Aug 2021 17:51:03 GMT
S. Korea’s total household debt reaches new high at $1.54 trillion
South Korea’s total household debt balance topped 1.8 quadrillion won (US$1.54 trillion) for the first time during the second quarter of 2021, increasing by a quarterly high of 41.2 trillion won (US$3
Wed, 25 Aug 2021 17:36:58 GMT
S. Korea’s workforce is aging faster than its competitors’
South Korea’s manufacturing workforce is aging faster than its counterparts in two other major manufacturing powers, the US and Japan, an analysis shows.The Korea Economic Research Institute (KERI) pu
Tue, 24 Aug 2021 17:46:50 GMT
S. Korean average household income drops for first time in four years
Average monthly income for South Korean households showed its first decline in four years during the second quarter of this year.With the lowest-earning 80% of households experiencing a drop in income
Fri, 20 Aug 2021 16:22:41 GMT
S. Korean won falls to 1,176 against dollar, lowest in 11 months
The won-to-dollar exchange rate finished at 1,176.3 on the Seoul foreign exchange market Tuesday after jumping by 7.3 — indicating a steep drop in the won’s value.It’s the highest the rate has been si
Wed, 18 Aug 2021 17:30:08 GMT
Southeast Asia replaces China as “world’s factory”
Global direct foreign investment in the ten countries of the Association of Southeast Asian Nations (ASEAN) amounted to US$731 billion in 2016-2020. That was more than the direct investment in China (
Wed, 18 Aug 2021 17:24:54 GMT
Memory stocks tank amid predictions of “winter” for chip industry
As analysts predict a protracted chip shortage, American semiconductor makers saw their stocks rally. That’s prompting curiosity about what will happen this week in South Korea’s financial market, whi
Mon, 16 Aug 2021 17:17:51 GMT
Foldable phones are Samsung’s next move
Will Samsung Electronics succeed in its strategy of abandoning its Note and turning foldable phones into the “next big thing”?The company is getting the jump on the foldable smartphone with the unveil
Thu, 12 Aug 2021 17:30:49 GMT
S. Korea ranks higher than Japan in credit rating, economic competitiveness, report says
The World Competitiveness Rating — calculated by Switzerland’s International Institute for Management Development — was the most comprehensive and symbolic indicator included by the Federation of Kore
Thu, 12 Aug 2021 17:09:27 GMT
China's easy money policies to have positive effect on S. Korean economy
China's easy money policies have the effect of increasing South Korean exports and lowering interest rates, an analysis shows.Cho Yu-jeong, an associate research fellow with the Bank of Korea Economic
Wed, 11 Aug 2021 18:03:09 GMT
New FSS chief says “perfect storm” of risks may hit market
Incoming Financial Supervisory Service (FSS) chief Jeong Eun-bo warned Friday about the possibility of a “perfect storm” of risks striking financial markets all at once. “While financial support is de
Mon, 09 Aug 2021 17:05:53 GMT
Are hybrid vehicles actually eco-friendly?
Are hybrid cars really “eco-friendly”? It seems like it should be a simple question to answer, but it isn’t.Both the US and Europe say “no.” The US, which plans to have eco-friendly cars account for h
Mon, 09 Aug 2021 17:02:37 GMT
S. Korea’s foreign reserves reach all-time high in July at $458.7 billion
South Korea’s foreign reserves reached a new all-time high with an increase of nearly US$4.6 billion in the last month.The Bank of Korea (BOK) published a report Wednesday on South Korea’s foreign res
Fri, 06 Aug 2021 17:38:02 GMT
Is S. Korean economy moving toward coexisting with COVID-19?
Can we learn to live with COVID-19?The fourth wave of the pandemic in South Korea has been fierce, yet the major economic indicators have been less impacted than in the past. It’s a reflection of how
Wed, 04 Aug 2021 10:13:51 GMT
IMF ups growth prediction for S. Korea from 3.6% to 4.3%
The International Monetary Fund (IMF) has raised its projection for South Korea’s economic growth rate this year to 4.3%, 0.7 points higher than its April projection of 3.6%. Considering that it raise
Wed, 28 Jul 2021 17:41:44 GMT
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Editorial・opinion
[Column] A year and a half of Yoon’s foreign, security policies has added to Korea risk
[Column] Korea’s diaspora discrimination
[Column] Climate hypocrisy by rich nations
[Editorial] Korea’s Supreme Court once again rules Japanese firms must directly compensate forced labor victims
[Editorial] With right-hand man as interim PPP leader, Yoon to solidify grip on party
[Editorial] Pope’s OK’ing of blessings for same-sex couples should be wake-up call for Korea
[Column] China’s insistence on “bright prospects” is stifling its economy
[Column] Chun Doo-hwan and Roh Tae-woo, Yoon Suk-yeol and Han Dong-hoon
[Column] Yoon’s oblivious diplomacy ended in expo rout – will it also fail to respond to N. Korea’s nukes?
[Column] Yoon’s war on Korea’s free press earns him headlines in global news outlets
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Korea’s top constitutional expert predicts Yoon will be dismissed from office
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[Column] Giving Yoon the benefit of the doubt
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Korea’s steel industry could buckle under Trump’s tariff war
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Human rights watchdog draws criticism for recommending guarantees for Yoon’s right to defense
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‘Deeply mortified’: Moon apologizes to Koreans for enabling Yoon’s rise
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