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New home permits tumble 27% in April

New home permits in South Korea plunged nearly 30 percent in April from a year earlier, the government said Monday, amid its move to limit housing sales as a way of curing household debt and rising in...

Updated : 2017.05.29 14:55

Korea’s GDP to include digital sharing economy from 2019: BOK

With the rapid emergence of new platforms that enable peer-to-peer transactions, such as Airbnb and Uber, South Korea will start reflecting the digital sharing economy in its gross domestic product fr...

Updated : 2017.05.29 14:27

Door closed for communication with businesses

Discord over the issue of irregular workers has exposed a rift in relations between the Moon Jae-in administration and business circles.The new liberal government has not been supposed to be business-...

Updated : 2017.05.29 14:25

More people, especially women, voluntarily subscribing to state pension

More South Koreans, especially women, are voluntarily subscribing to the state pension as a means to secure stable income for their senior years, data showed Monday.As of the end of last month, 317,80...

Updated : 2017.05.29 10:36

Moon’s policy planner slams chaebol as priority to change

Slamming the conglomerates for resisting change, the Moon Jae-in administration’s de-facto transition team chief said Sunday that it was the chaebol that must first reflect on themselves to change th...

Updated : 2017.05.28 16:05

SMEs led consumer goods exports in 2016: report

South Korea's exports of cosmetics, medicine and other major consumer goods were led by small and medium-sized enterprises last year, with the active establishment of new firms in the industry, data s...

Updated : 2017.05.28 11:21

Korea's terms of trade worsen in April

South Korea's terms of trade deteriorated slightly in April from a year earlier as a rise in export prices was offset by a hike in import prices, central bank data showed Friday.The terms of trade ind...

Updated : 2017.05.26 12:05

Consumer sentiment hits record 3-year high on improved exports

South Korea's overall consumer sentiment hit the highest level in more than three years helped by a rise in exports and expectations of the new government's economic policies, central bank data showed...

Updated : 2017.05.26 09:09

[Monitor] Korea's old-age dependency ratio to spike

South Korea’s old-age dependency ratio is forecast to surge to some 80 individuals aged 65 and over for every 100 persons of working age (20-64) by year 2075, which will be the highest among the memb...

Updated : 2017.05.25 16:13

Employers blast zero irregular workers plan

The Korea Employers Federation on Thursday strongly criticized the new government’s policy to eliminate irregular working positions, contending it would further divide the gap between small and large...

Updated : 2017.05.25 15:56

BOK to lift growth forecast in July, keeps rate on hold

The Bank of Korea Gov. Lee Ju-yeol said on Thursday that the central bank is likely to revise up the nation’s 2017 growth forecast in July from its April projection of 2.6 percent, citing robust expo...

Updated : 2017.05.25 14:16

Korea's income disparity widens in 2016

South Korea's income disparity widened significantly last year despite the government's efforts to narrow the gap between the rich and poor, government data showed Thursday.The Gini coefficient of tot...

Updated : 2017.05.25 13:12

BOK holds key rate steady at 1.25% in May

South Korea's central bank on Thursday held its key rate steady in May as the new government is pushing to expand fiscal spending to help revive Asia's fourth-largest economy.In a widely expected move...

Updated : 2017.05.25 10:01

Korea's dependency ratio to rise fast: report

South Korea's dependency ratio is expected to spike over the next 60 years in line with its fast aging population, becoming the highest among major advanced economies, a report said Thursday.Asia's fo...

Updated : 2017.05.25 09:42

[Monitor] Top conglomerates’ operating profits soar

The operating income of South Korea’s top 10 conglomerates surged by more than 80 percent on-year in the first quarter of this year, according to Chaebul.com, Wednesday.The combined operating income ...

Updated : 2017.05.24 18:52