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Finance

Economy

Thu, January 23, 2020 | 22:44

Ratio of semiconductors to exports dips to 17%

Ratio of semiconductors to exports dips to 17%

The portion of semiconductors to the nation's exports fell below 20 percent last year due to a sluggish chip industry amid a global slowdown, while that of car shipments went up.

Jung Hae-myoung | 2020-01-19 17:05

Korean stocks underperform against Taiwan

Korean stocks underperform against Taiwan

Korea and Taiwan have a very similar economic structure with both economies relying heavily on exports of IT products but the two countries have shown divergent paths in stock markets over recent years. Analysts say that the key reasons for the difference were Korea's sluggish performance of non-IT, domestic-focused industries and Korean firms' low dividend payout policies.

Anna J. Park | 2020-01-14 15:24

Korea's ratio of unemployed in late 20s ranks highest among OECD nations

Korea's ratio of unemployed in late 20s ranks highest among OECD nations

The proportion of unemployed people aged 25-29 in South Korea has ranked the highest among member nations of the Organization for Economic Cooperation and Development (OECD), a report showed Monday. According to the report by the Bank of Korea (BOK), the 25-29 age bracket accounted for 21.6 percent of unemployed people in South Korea in 2018, marking the highest ratio among O...

2020-01-13 10:48

New data bills usher in era of 'data economy'

New data bills usher in era of 'data economy'

Korea is a step closer to the emergence of new industries and services utilizing big data after several data bill revisions were passed Thursday.

Kim Bo-eun | 2020-01-10 18:20

'Fourth Industrial Revolution may cause more trade feuds'

'Fourth Industrial Revolution may cause more trade feuds'

The competition among countries to gain the upper hand in the Fourth Industrial Revolution will likely shape the global economic landscape in the coming years, according to the Bank of Korea, Sunday.

Kim Bo-eun | 2020-01-05 16:59

Korea on track to becoming world's 10th largest economy in 2027: report

Korea on track to becoming world's 10th largest economy in 2027: report

Korea is expected to become the world's 10th largest economy in 2027, according to a report by the Centre for Economics and Business Research, a British think tank. It currently ranks 12th. The World Economic League Table 2020, which was published last week, also forecasts that China will become the world's largest economy in 2033 and that India will overtake Germany to becom...

Jung Min-ho | 2020-01-02 15:41

Korea urged to cope with demographic challenges

Korea urged to cope with demographic challenges

The Moon Jae-in administration confidently said Dec. 19 that Korea will have a 2.4 percent growth rate in 2020, recovering from the chip industry downturn and boosting exports. However, skepticism has emerged over this rosy outlook, as the country is facing political uncertainties in the short run and an aging population in the long run. Against this backdrop, calls have grow...

Park Jae-hyuk | 2020-01-01 16:15

Korean economy faces rocky road to recovery

Korean economy faces rocky road to recovery

Korean economy faces rocky road to recovery

Korea will continue to suffer from low economic growth in 2020 as ongoing geopolitical friction will hinder Asia's fourth-largest economy from bouncing back, according to overseas economic experts. Expecting the country's GDP growth to remain sluggish this year, they refuted the Moon Jae-in administration's optimistic economic outlook. The government has forecast the nation's...

Park Jae-hyuk | 2020-01-01 16:14

Korea urged to cope with demographic challenges

Is economic recovery in the offing?

Is economic recovery in the offing?

The local economy is unlikely to regain its vigor in 2020, as recent economic indexes propping up the rosy outlook are nothing more than statistical base effects, experts said Monday. The figures, released by Statistics Korea, showed the nation's industrial growth in production, consumption and investment in November.

Lee Min-hyung | 2019-12-30 16:15

Companies scale down year-end parties amid downturn

Companies scale down year-end parties amid downturn

Companies used to organize lavish year-end parties for employees to recognize their accomplishments for the year and motivate them to work harder in the coming year. But this has increasingly become a thing of the past as more businesses scale down year-end gatherings or scrap them altogether amid the prolonged economic downturn and growing demand for work-life balance.

Lee Kyung-min | 2019-12-29 16:53

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