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Debt is Korea’s Biggest Economic Problem : FSC

By Chung Joo-won Financial services commission chairman Yim Jong- Yong pinpointed household debt and corporate debt as the biggest potential problems for the Korean Economy, calling for “fierce reform” to guard against it. “The debt problem, (particularly) household debt and ... Read More

E-Mart Open First Outlet in Vietnam

By Sohn Ji-Young, E-Mart  said Monday it has opened its first outlet in Vietnam, with aims to expand its presence across the Southeast Asian region in the years to come. The discount store chain operated by Korea's retail giant Shinsegae will ... Read More

Facebook most popular social media tool in Korea

Facebook is the most popular social networking service in South Korea this year, a poll showed Tuesday, outpacing other global and local platforms.According to a survey by market researcher DMC Media on 780 SNS users aged between 19 and 59, ... Read More

Shake Shack Burger to enter Korea in 2016

By Sohn Ji-young, Shake Shack Burger, New York City's most famous roadside burger joint, is coming to South Korea next year, the company announced Tuesday. Under a licensing partnership with Korea’s leading food giant SPC Grotip, Shake Shack Enter­prise International plans to ... Read More

Household debt burden grows in 2014

By Lee Sun-young, An average Korean household spends nearly 24 percent of its total disposable income to meet debt obligations data showed Monday, amid concerns over record-level household debt. As of March, an average Ko­rean family has 342 million won ($290,800) in ... Read More

BOK to target 2% inflation

By Lee Sun-young, The Bank of Korea on Wednesday set the inflation tar­get for the next three years at 2 percent, as the economy braces for a future of low growth and lower price levels. The annual target for the 2016-2018 ... Read More

Oil cheaper than bottled water

By Cho Chung-un, The pretax price of gasoline per liter fell to 522 won (44 cents) this month, lower than that of bottled water, largely due to the continu­ous drop in International crude oil prices, officials said Wednesday. According to Opinet ... Read More

S. Korea Ranks Fifth in Global Manufacturing Competitiveness

South Korea ranked fifth in the global manufacturing index this year, but is expected to drop one spot due to India’s rise in 2020. According to the upcoming 2016 Global Manufacturing Competitive Index, a joint report by the United States ... Read More

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