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Sat, September 23, 2023 | 17:36

[INTERVIEW] Newly appointed ambassador to OECD vows to contribute to shaping key policy agenda

INTERVIEWNewly appointed ambassador to OECD vows to contribute to shaping key policy agenda

Choi Sang-dae, former second vice minister of economy and finance, was appointed as the Permanent Representative of Korea to the OECD earlier this month. Choi will officially begin his years-long duties in Paris, France, on Sept. 21. He is Korea's 13th ambassador to the OECD.

Anna J. Park | 2023-09-18 14:28

Korea's tax revenue estimate for 2023 revised down to $256.7 bil.

Korea's tax revenue estimate for 2023 revised down to $256.7 bil.

Korea's finance ministry said Monday it has revised down its annual tax revenue estimate to 340.6 trillion won ($256.7 billion), mainly due to weak corporate earnings and a slump in the property market.

2023-09-18 11:30

Imports of Japanese seafood dip for 5th month in August

Imports of Japanese seafood dip for 5th month in August

Korean imports of Japanese seafood fell for the fifth consecutive month in August on concerns over Japan's release of treated radioactive water.

2023-09-18 09:42

Korea to expand emergency seawater radiation tests amid Fukushima woes

Private education spending for kindergarteners surges 38% in 5 years

Private education spending for kindergarteners surges 38% in 5 years

Korean households with kindergarten-aged children have ramped up their spending on private education by more than 38 percent over the last five years, according to a report released on Sunday by the Korea Institute of Public Finance (KIPF).

Lee Yeon-woo | 2023-09-17 15:55

Korean economic growth estimated at 1.4% for 2023: S&P economist

Korean economic growth estimated at 1.4% for 2023: S&P economist

Korea's economy is expected to grow 1.4 percent this year, with the country's central bank anticipated to lower its key rate twice in 2024, an economist at S&P Global Ratings said Sunday.

2023-09-17 09:40

Population decline pushes up employment rate among young people

Population decline pushes up employment rate among young people

Fewer Koreans in their 20s are getting new jobs but their employment rate is rising, in the face of a population decline that “misleadingly” represents a tough job market for young people.

Yi Whan-woo | 2023-09-15 17:08

KITA chairman hosts diplomatic reception to seek Busan Expo bid support

KITA chairman hosts diplomatic reception to seek Busan Expo bid support

Korea International Trade Association (KITA) Chairman Koo Ja-yeol hosted a reception for ambassadors in Korea from Central Asia, Europe and Latin America, seeking their support for Busan's bid to host the 2030 World Expo, the association said Friday.

Yi Whan-woo | 2023-09-15 17:08

Value of outstanding derivatives-tied securities down in H1 amid bullish global stock markets

Value of outstanding derivatives-tied securities down in H1 amid bullish global stock markets

The outstanding value of derivatives-tied securities issued in Korea dropped below the 100 trillion won ($75.4 billion) mark in the first half of the year, on the upbeat stock markets of major economies, data showed Friday.

2023-09-15 11:04

Korea's economic slowdown to ease on improving exports: finance ministry

Korea's economic slowdown to ease on improving exports: finance ministry

Korea's economic slowdown appears to be gradually easing on signs of a recovery in exports, the finance ministry said Friday, although volatility in global raw material prices is a threat.

2023-09-15 11:03

Inflation set to ease in Oct. amid oil price woes: finance minister

Inflation set to ease in Oct. amid oil price woes: finance minister

Korea's inflation is anticipated to begin slowing down next month amid lingering woes over soaring oil prices, the top economic policymaker said Friday.

2023-09-15 09:27

Oil prices creep higher, raise inflation concerns

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