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Korea’s middle class declines as income distribution worsens

Amid increasing income disparity, the Ministry of Strategy and Finance said Tuesday that Korea’s middle class accounted for 65.7 percent of the population last year, a 1.7 percentage point decrease compared to the previous year. Although there is no established ... Read More

Despite strong exports, current account surplus slips

Despite strong exports, South Korea’s current account balance slid to $4 billion in April this year, recording the smallest surplus in the past year, according to the Bank of Korea on Monday. Bank of Korea announced the current account balance ... Read More

Pertumbuhan Ekonomi Korea Selatan Melampaui 1% untuk Pertama Kali dalam 6 Triwulan

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Exports Rise for 7 Consecutive Months on Chips

The Trade Ministry says exports rose 13-point-four percent on year to 45 billion dollars in May, extending the upward streak to seven months. It is the first time in more than five years that exports have grown for seven consecutive ... Read More

Ekspor Sawit RI ke Asia Selatan Naik Kencang Jelang Ramadan

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S. Korea Looks to Cruise Lines to Promote Tourism

South Korea will invite officials of ten foreign cruise lines to promote the domestic tourism industry, which is reeling from a Chinese ban on tours to the country over the deployment of a U.S. THAAD antimissile system. The Ministry of ... Read More

Korea’s GDP to include digital sharing economy from 2019: BOK

With the rapid emergence of new platforms that enable peer-to-peer transactions, such as Airbnb and Uber, South Korea will start reflecting the digital sharing economy in its gross domestic product from March, 2019, the Bank of Korea said Monday. While ... Read More

KITA: S. Korea’s Brand Value Undervalued Compared to GDP

A new report has assessed that South Korea’s brand value is undervalued compared to the nation’s gross domestic product(GDP). According to the report released by the Korea International Trade Association on Monday, South Korea’s brand value amounted to one trillion ... Read More

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