News
Vegetable prices jump 5.4% in single week from heat wave
Prices of vegetables jumped more than 5 percent last week from the week before as the heat wave continued, while the price of ice cream fell by over 40 percent, data showed Wednesday. According to a portal operated by the ... Read More
South Korean Restaurant & bar business revenue sees record decline in H1
Revenue generated by South Korea’s restaurants and bars in the first half of this year dropped 2.6 percent on-year, marking the biggest decline in six years, according to recent data from Statistics Korea. Korea’s retail sales index for the service ... Read More
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 MoreKorea’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