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S. Korea’s tax burden to exceed 20% in 2018

South Korea’s tax burden this year is likely to surpass 20 percent of gross domestic product for the first time, on the back of the government’s expansionist fiscal operations, officials said Sunday. The nation’s tax income this year is estimated ... Read More

Online shopping purchases continue to increase in June

Purchases made using the Internet and mobile devices in South Korea continued to show solid growth in June, government data showed Thursday, demonstrating the popularity of smartphones, fast delivery and convenient payment options offered to local shoppers. The total value ... Read More

S. Korean exports little affected by demand from advanced nations: report

South Korean triathletes said Thursday they'll try to bring home the first Asian Games gold medal from Indonesia this year. The triathlon team to compete at the Aug. 18-Sept. 2 Asian Games in Jakarta and Palembang, Indonesia, hosted a launching ... Read More

Korea’s exports rebound to 6.2% in July

South Korea's exports rebounded in July from the previous month's slight fall, government data showed Wednesday. Outbound shipments reached $51.88 billion last month, up 6.2 percent from a year ago, according to the data compiled by the Ministry of Trade, ... Read More

Korea Growth momentum likely to weaken further

A simultaneous downturn in economic indicators raises the possibility of the Korean economy weakening in the second half to the extent of making it hard to achieve the official 2018 growth target of 2.9 percent. Preliminary data released by the ... Read More

Korea’s consumer prices likely to pick up in H2: BOK

South Korea's low consumer prices will likely pick up in the second half of the year and reach near the central bank's target rate mainly due to the recovering global economy and rising public utility rates, a report by the ... Read More

Suguhkan Beragam Kerajinan Tangan, UKM Ekspor Indonesia Coba Rebut Hati Konsumen Korea

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S. Korea’s July consumer sentiment slides at sharpest clip in 20 months

South Korea's consumer confidence plunged at the sharpest rate in 20 monthshowed Wednesday.s in July due largely to signs of an economic slowdown and intensifying trade disputes between the United States and China, central bank data The composite consumer sentiment ... Read More



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