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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

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Economy

Tue, March 21, 2023 | 20:10

Korea to spend 70% of budget for job creation in H1: finance minister

Korea to spend 70% of budget for job creation in H1: finance minister

Korea plans to speed up spending the employment-related budget in the first half of 2023 amid signs of a slowdown in the job market, the finance minister said Wednesday.

2023-03-08 09:42

Korea's per capita income falls sharply on won's depreciation

Korea's per capita income falls sharply on won's depreciation

Korea's gross national income (GNI) per capita dropped nearly 8 percent last year, mainly due to a sharp depreciation of the Korean won against U.S. dollar, the Bank of Korea (BOK) said Tuesday. GNI, which measures a country's wealth, is the amount of money earned by its people and businesses at home and abroad. It is comparable to gross domestic product (GDP), another gauge ...

Yi Whan-woo | 2023-03-07 16:41

Why are women paid less than men in Korea?

Why are women paid less than men in Korea?

A human resources expert with seven years of work experience in the field recently stirred controversy in an online community. The woman, identified only by her surname Kim, wrote in a posting that she had quit her job at one of the country's leading conglomerates to take care of her child.

Lee Yeon-woo | 2023-03-07 14:22

Imports of Japanese beer hit over 3-year high

Imports of Japanese beer hit over 3-year high

Korea's imports of Japanese beer hit the highest level in more than three years in January amid a waning anti-Japan campaign here, data showed Tuesday.

2023-03-07 14:15

Korea's growth sharply slows in 2022 amid recession woes: BOK data

Korea's growth sharply slows in 2022 amid recession woes: BOK data

Korea's economic growth sharply slowed in 2022 as exports weakened amid growing recession woes stemming from aggressive monetary tightening at home and abroad, central bank data showed Tuesday.

2023-03-07 09:21

Korea posts record trade surplus for cultural products

Korea posts record trade surplus for cultural products

Korea posted a record trade surplus for cultural products and services in 2022, amid the growing popularity of K-pop plus TV dramas and movies on streaming services. According to the Bank of Korea (BOK), Monday, the balance of payments for sales of cultural products amounted to $1.7 billion in 2022, up 47.9 percent from a year earlier.

Yi Whan-woo | 2023-03-07 08:31

Inflation cools to 4% range for 1st time in 10 months

Inflation cools to 4% range for 1st time in 10 months

Consumer prices in Korea eased to the 4-percent level for the first time in 10 months in February, raising hopes that inflation will cool down further to the government's 2023 target of the mid-3 percent range. But Korea continues to face obstacles in its efforts to curb inflation, as the growth of utility costs reached an all-time high of 28.4 percent, while core inflation _...

Yi Whan-woo | 2023-03-06 16:20

Korea to halt WTO dispute settlement process on Japan's export curbs: industry ministry

Korea to halt WTO dispute settlement process on Japan's export curbs: industry ministry

Korea has decided to halt a process of its complaint with the World Trade Organization (WTO) on Japan's export controls of key industry materials to Seoul as they prepare to launch official talks on the lifting of the restrictive measures, Seoul's industry ministry said Monday.

2023-03-06 15:31

S. Korea offers compensation for forced labor victims via Seoul-based public foundation

Chips' inventory-to-sales ratio hits near 26-year high amid sluggish demand

Chips' inventory-to-sales ratio hits near 26-year high amid sluggish demand

Inventory of Korean chipmakers has increased to a nearly 26-year high in January, data showed Sunday, reflecting the sluggish global demand amid the economic uncertainties.

2023-03-05 11:07

Regulators to allow shareholders to check banks' compensation plans

Regulators to allow shareholders to check banks' compensation plans

As the government is speeding up its moves to promote competition in the local banking industry, it plans to adopt a system of “say on pay,” through which shareholders of a firm can vote on the payment and remuneration policies for executives.

Anna J. Park | 2023-03-03 16:16

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