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Women make up 3% of execs at Korea's top conglomerates

The number of female executives at South Korea's top 30 conglomerates came to 3.1 percent of the total last year, a market tracker said Wednesday, in a sign that the glass ceiling is still intact in ...

May 16, 2018
Economy
Jobless rate falls to 4.1% in April, job creation remains sluggish

South Korea's jobless rate fell slightly in April due to a rise in employment in the health care, financial service and public service sectors, but job creation still remained weak, government data s...

May 16, 2018
Economy
Korea not immune from emerging market instability

Korea is unlikely to be significantly affected by the spreading financial instability in emerging market countries but it must not let its guard down, analysts say. There are growing concerns that c...

May 14, 2018
Economy
Service exports fall some 8% in 2017

South Korea's service exports shrank nearly 8 percent in 2017 from a year earlier due to a strong local currency amid the service industry's weakening competitiveness, data showed Monday. The servic...

May 14, 2018
Economy
Seoul’s luxury residence prices grow at fastest rate: Knight Frank

Despite government-led regulations to rein in the real estate market, luxury residence prices in Seoul shot up nearly 25 percent on-year in the first quarter, marking the fastest rate of growth world...

May 13, 2018
Economy
Korea's leading economic indicator drops below break-even line: OECD

A leading index that gauges the direction of South Korea's economy fell below the break-even 100 mark in the first two months of this year, which could bode ill for Asia's fourth-largest economy goin...

May 13, 2018
Economy
[Weekender] Carb phobia: healthy diet or excessive frenzy?

“Have you eaten rice?” It’s one of the most frequently used greetings in Korea, where the staple has long been considered a synonym for a meal. Even amid the rise of western food and snacks, rice co...

May 11, 2018
Economy
Economic recovery being maintained, but output, capital spending facing correction

South Korea‘s economy is on a recovery path, although industrial output and investment are facing adjustments, a government report said Friday. A weaker job market and rate hikes in the United State...

May 11, 2018
Economy
Controversy over minimum wage hike shows no sign of easing in Korea

Guaranteeing a living wage for everyone is important, and Hyun Sang-won (an alias), the owner of a convenience store in downtown Seoul, agrees in principle that people deserve fair pay for work rende...

May 11, 2018
Economy
More than half of all wages based on seniority

More than half of all salaries in 170 major South Korean companies are based on employee seniority, a new poll showed Thursday. The poll released by the Korea Economic Research Institute found that ...

May 10, 2018
Economy
Korean economy losing growth momentum

Recent economic data have pointed to the weakening vitality of the Korean economy, raising questions about the possibility it will grow more than 3 percent this year as predicted by policymakers. Th...

May 9, 2018
Economy
Naver vows to relinquish news editing, search words after opinion-rigging scandal

Critics say measures a step-up but fail to address fundamental issue

May 9, 2018
Economy
[Monitor] 6.8 years needed to own home in Korea

It takes an average of 6.8 years of savings to own one’s first home in South Korea, as of last year, slightly longer than 6.7 years tallied in 2016, according to analyses on housing in the country co...

May 9, 2018
Economy
Economic growth on track, but daunting tasks still remain

SEJONG -- The South Korean economy is on a firm growth trajectory under the Moon Jae-in government, but a dire job market situation, coupled with controversy over the effects of a raft of new economi...

May 9, 2018
Economy
Moon failing to deliver on economic promises

A year into his five-year term, President Moon Jae-in is finding public support for his economic policies far lower than his high approval ratings. A survey of 1,002 Korean adults conducted by Gallu...

May 7, 2018
Economy

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