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S. Korea ranks 26th in global competitiveness: WEF report

South Korea’s global ranking in the global competitiveness index remained unchanged at No. 26 this year, held back by challenges in the labor and financial sectors, according to a report by the World Economic Forum. While the macroeconomic environment rose ... Read More

[Monitor] 1 in 5 new businesses opened by young entrepreneurs

One in 5 new businesses that opened last year were owned by young people (classified as those in their late teens, 20s, 30s), data by the National Tax Service showed. The most preferred establishments were mail-order businesses, restaurants and commodities ... Read More

Korea’s consumer prices rise 2.1% in Sept.

South Korea's consumer prices continued their sharp growth in September due to high-flying food prices, government data showed Thursday. The country's consumer price index advanced 2.1 percent this month from a year earlier, decelerating from a more than five-year high ... Read More

Back Taxes from Offshore Tax Evasion Post Record 1.3 Tln Won

An offshore tax evasion probe has found that the amount of taxes that South Koreans evaded paying by concealing their assets and income in offshore accounts amounted to a record of some one-point-three trillion won last year. Lawmaker Park Myung-jae ... Read More

Korea’s E-Mart exits China market with sale of remaining stores

South Korea's hypermarket chain E-Mart has reached a deal to sell off five of its six remaining stores in China effectively ending its 20-year presence in the market, industry sources said Sunday. Sources in the retail investment banking sector said ... Read More

Businesses in Korea show low survivability

A report showed that the rate of survival for businesses in Korea remains low compared to those in Western Europe. The Korea International Trade Association said the survivability rates of lasting one and five years for businesses here came to ... Read More

Head of National Development Planning Agency RI Invites South Korean Investors to Build Infrastructure in RI

Indonesia Government intention to build infrastructure is not kidding. To finalize the program, the Minister of National Development Planning Agency / Head of Bappenas seeks to attract South Korean investors. Thus the core of the activities of Indonesia Infrastructure Investment ... Read More

Korea’s ‘4th industrial revolution’ development lags behind US, EU, Japan

Technology and investments related to Korea’s competitiveness in the “fourth industrial revolution” is far behind other advanced countries such as the United States, Japan and Europe, according to the Hyundai Research Institute. The institute released a report on the international ... Read More

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