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Wed, January 22, 2020 | 08:34

Demographic shocks clouding Korea's future

Demographic shocks clouding Korea's future

Kim Young-ji, a working mother in Seoul, gave up having a second child. She had dreamed of having at least two babies, but it wasn't long before she faced the harsh reality. As Korean women such as Kim are shunning childbirth like Kim, the number of babies born in the second quarter totaled only 82,000, down 8.7 percent from a year ago. The country's birthrate, or the number ...

Yoon Ja-young | 2018-09-07 15:57

Moody's worried over Korea's growth strategy

Moody's worried over Korea's growth strategy

This is the second in a series of interviews with economic experts to analyze the state of the Korean economy and make policy suggestions. ― ED. Economist says income-led growth policy may hurt employment By Kim Jae-kyoungA “tricky strategy” is how Moody's Analytics describes President Moon Jae-in's income-led growth policy as it voiced some concern.The econo...

Kim Jae-kyoung | 2018-09-06 16:36

Instagram faces probe over alleged fraudulent ads

Instagram faces probe over alleged fraudulent ads

The Korea Fair Trade Commission (KFTC) will investigate allegations that Instagram employs “influencers” to engage in fraudulent advertisements.

Jung Hae-myoung | 2018-09-06 14:48

Economy losing growth momentum

The economy is losing growth momentum due to a severe lack of facilities investment and private spending, raising fears that it is entering the initial phase of a downturn. According to the Bank of Korea (BOK), the nation's gross domestic product (GDP) reached 397.95 trillion won in the second quarter of the year, up 0.6 percent from the previous quarter. GDP is the total val...

Jhoo Dong-chan | 2018-09-04 19:21

South and North Korea need single currency

South and North Korea need single currency

South and North Korea should use a single currency to form an economic union in the mid to long term, the Korea Institute of Finance (KIF)noted in a report Sunday. “When investment increases in North Korea along with inter-Korean trade of goods and services, the flow of capital will naturally follow. It will lead to problems such as settlements and which currencies should be ...

Yoon Ja-young | 2018-09-03 16:35

Economic imbalance deepening

The imbalance in the Korean economy is deepening as record-high exports are failing to sustain faltering domestic investment and consumption. This indicates that booming exports in a few industries, such as semiconductors, have not led to growth in corporate investment, consumer spending and employment. According to the Ministry of Trade, Industry and Energy, the country's ex...

Yoon Ja-young | 2018-09-02 16:21

[INTERVIEW] Korean firms eyeing global procurement market

[INTERVIEW] Korean firms eyeing global procurement market

The global procurement market with an estimated value of $6 trillion can open up new opportunities for exporters. Korea has many competitive companies as an industrial powerhouse, but they often have trouble advancing into overseas procurement markets due to barriers.

Yoon Ja-young | 2018-09-02 14:47

Korea pursuing data deregulation

Korea pursuing data deregulation

Data is the new lifeblood of today's open economy and the reason is simple. Data has become the world's most important resource.

Kim Yoo-chul | 2018-08-31 17:37

NTS set to launch probe on tax dodgers

NTS set to launch probe on tax dodgers

The National Tax Service (NTS) said Wednesday it will launch an investigation into 360 people who are suspected of giving property to third persons, mostly their children, without paying the appropriate taxes.

Jhoo Dong-chan | 2018-08-30 22:46

New statistics chief vows to confront pressure

New statistics chief vows to confront pressure

The newly appointed statistics chief said he will stick to data and confront political pressure.

Yoon Ja-young | 2018-08-29 17:49

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