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Finance

Economy

Wed, October 27, 2021 | 20:32

Streets of 'K-beauty mecca' Myeongdong remain empty amid pandemic

It's time to get ready for the summer holiday season, but shops in Myeongdong, a major shopping district in downtown Seoul, remain eerily quiet with "For Lease" signs attached to many storefronts along the main road.

2021-07-21 08:29

4th COVID-19 wave threatens Korean economy

Despite the growing vaccination rate in South Korea, the country's economic growth is widely expected to be dragged down by the rise in COVID-19 infections, said economists and analysts Tuesday.

Anna J. Park | 2021-07-20 16:36

Delta variant to ignite 'short-term correction'

Number of discouraged workers hits fresh high in June

The number of discouraged workers in South Korea hit a new monthly high in June amid the prolonged coronavirus pandemic, government data showed Monday.

2021-07-19 08:46

Social distancing, minimum wage hike drive small businesses to brink

With the COVID-19 pandemic continuing for more than a year now, there seems to be no way out for small business owners. The recent re-imposition of strengthened social distancing measures amid a fourth wave of the pandemic, and the increase in the minimum wage, are adding to their concerns. “Most of the evening customers used to come in groups of three or four. I have been ma...

Yoon Ja-young | 2021-07-17 09:12

Soaring grocery prices fueling inflation woes

Prices of frequently purchased consumer items are on a continual, steep rise due to surging oil and raw material prices, fueling concerns that inflation here may no longer be transitory.

Lee Kyung-min | 2021-07-16 16:37

International migrants nosedive amid pandemic

The number of people entering and leaving Korea fell last year by the largest rate on record as the COVID-19 pandemic has caused global air traffic to grind to a virtual halt, while governments tightened screening of international travelers.

Anna J. Park | 2021-07-15 17:13

Job growth extended to 4th month in June amid economic recovery

South Korea reported job additions for the fourth straight month in June, data showed Wednesday, in the latest sign the job market has shown signs of improvements amid an economic recovery.

2021-07-14 08:48

Inflation growth hits over 2% for 3rd straight month in June

South Korea's consumer prices grew more than 2 percent for the third straight month in June on higher prices of farm and oil products, data showed Friday, underscoring expectations that a rate hike within this year may become more plausible amid an economic recovery.

2021-07-02 09:33

Delta variant threatens Korea's 'complete economic recovery'

Detected cases of the Delta variant of COVID-19 are increasing in Korea, prompting concerns that the government's economic growth targets may be seriously impacted.

Yi Whan-woo | 2021-07-01 16:37

Exports spike 40% in June, extend growth to 8th month

South Korea's exports jumped 39.7 percent on-year in June to extend their gains to an eighth consecutive month on the back of a recovery in global business activities, which led to stronger demand for chips and automobiles, data showed Thursday.

2021-07-01 10:10

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