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Number of temporary workers inches up in 2018

The number of temporary workers in South Korea rose slightly this year from a year earlier, with the percentage of such employment also rising, government data showed Tuesday. A total of 6.61 million workers were non-regular workers, part-timers or outsourced ... Read More

‘Korean economy to face rising economic uncertainties next year’

South Korea’s economy is expected to face growing economic uncertainties next year, with the government ready to take preemptive measures to reduce any possible downside risks, the country’s chief economic policymaker said Monday. “Given various factors such as external conditions, ... Read More

State health insurance income to reach W120tr by 2027

South Korea's state health insurance program will have an income of 120.3 trillion won ($105.47billion) and expenditure of 122.49 trillion won by 2027, according to projections by the welfare ministry Monday. Income figures were derived on assumption that insurance payments ... Read More

창조경제청, 스타트업 기업 지원 프로그램 시작

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Financial support, tailored measures eyed to boost investment, create more jobs

South Korea's government said Wednesday that it will provide more financial assistance and tax incentives to boost sluggish facility investment, accelerate deregulation, stimulate innovation-led growth and create jobs. The finance ministry said the current slump in the job market and ... Read More

Korea to firmly deal with trade protectionism: finance minister

South Korea will firmly deal with the growing trade protectionism and actively seek to create new overseas markets via free trade pacts, the country's top economic policymaker said Tuesday. South Korea is seeking to join the fledgling Pacific trade pact, ... Read More

Public corporations troubled with falling profits, rising debts

Korea’s public corporations are set to suffer from shrinking profits and mounting debt, largely due to what critics view as the Moon Jae-in administration’s ill-conceived policies on energy and employment. Since its launch in May last year, the Moon government ... Read More

S. Korea’s competitiveness boosted by macroeconomics, ICT: report

South Korea’s global competitiveness has made some progress this year on the back of its strong macroeconomic fundamentals and ICT, but continues to face challenges concerning market autonomy, corporate hierarchy, diversity and innovation, a global report showed Wednesday. According to ... Read More