South Koreans have one of the gloomiest economic views in the world, with 84 percent saying the fourth-largest Asian economy is in bad shape, a US survey showed Wednesday. South Korea had the second-most negative views, with only 15 percent ... Read More
Amid increasing income disparity, the Ministry of Strategy and Finance said Tuesday that Korea’s middle class accounted for 65.7 percent of the population last year, a 1.7 percentage point decrease compared to the previous year. Although there is no established ... Read More
Despite strong exports, South Korea’s current account balance slid to $4 billion in April this year, recording the smallest surplus in the past year, according to the Bank of Korea on Monday. Bank of Korea announced the current account balance ... Read More
The Trade Ministry says exports rose 13-point-four percent on year to 45 billion dollars in May, extending the upward streak to seven months. It is the first time in more than five years that exports have grown for seven consecutive ... Read More
South Korea will invite officials of ten foreign cruise lines to promote the domestic tourism industry, which is reeling from a Chinese ban on tours to the country over the deployment of a U.S. THAAD antimissile system. The Ministry of ... Read More
With the rapid emergence of new platforms that enable peer-to-peer transactions, such as Airbnb and Uber, South Korea will start reflecting the digital sharing economy in its gross domestic product from March, 2019, the Bank of Korea said Monday. While ... Read More