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Data shows more online shoppers using Chinese malls

A growing number of South Koreans shopping at overseas online malls are picking Chinese sites, a tally from a credit card firm indicated Tuesday. Purchase records from Nov. 1-26, compiled by the big...

Dec 11, 2018
Economy
Korea, India to hold talks on upgrading trade pact

South Korea and India will hold negotiations to upgrade their existing bilateral trade pact to lower barriers between the two nations, the government here said Monday. The two nations implemented th...

Dec 10, 2018
Economy
Wage gap between large, small firms widens to 1.7 fold in 2014: report

The wage gap between workers in large companies and small and medium-sized enterprises widened in 2014 amid a deepening polarization of the labor market, a report said Monday. According to the repor...

Dec 10, 2018
Economy
Korea's economy showing signs of gradual slowdown: KDI

South Korea's economy is showing signs of a gradual slowdown with export growth cooling amid sluggish private consumption, a state-run think tank said Monday. "The growth pace of exports slowed and ...

Dec 10, 2018
Economy
[Monitor] Half of Korean working moms earn less than W2m a month

Almost half of South Korean women aged between 15 and 54 and married with under age children earn less than 2 million won every month, according to data released by Statistics Korea. The data reveal...

Dec 10, 2018
Economy
[News Focus] Korea expanding cooperation with Latin America on cruise-logistics ports

SEJONG - South Korea is expanding its economic partnership with South and Central American countries, which involves co-development projects on maritime affairs in the logistics and tourism segment. ...

Dec 10, 2018
Economy
Korea to be world's top 5G smartphone-using nation till 2020

South Korea is forecast to have the highest proportion of fifth-generation smartphone usage in the world over the next couple of years, a market tracker said Sunday. According to Strategy Analytics'...

Dec 9, 2018
Economy
Despite 6-year low growth, Korea's GNI to surpass US$30,000

South Korea's per capita income is likely to surpass US$30,000 this year, though the economy is forecast to record its lowest growth rate in six years, observers said Sunday. Gross national income i...

Dec 9, 2018
Economy
83 percent of Korean workers suffer year-end stress: poll

Eight in 10 South Korean employees said they feel more stressed around the year-end season, a study showed Friday. According to the survey conducted by an online job recruitment company, 83.5 percen...

Dec 7, 2018
Economy
Korea's exports expected to surpass $600b this year

South Korea's exports are expected to exceed $600 billion for the first time this year on upbeat sales of memory chips, machinery and petrochemical products, the trade ministry said Friday. Outbound...

Dec 7, 2018
Economy
Major foreign IBs cut S. Korea’s growth outlook

Major foreign investment banks revised down their forecasts for South Korea’s economic growth for this year and 2019, citing unfavorable conditions both at home and abroad, a report showed Thursday. ...

Dec 6, 2018
Economy
[Monitor] Unemployment rate for Koreans in late 20s more than double that of Japan

The unemployment rate for South Koreans in their late 20s has escalated rapidly since 2010, and 2017 saw the highest increase since 2000, according to data released by the Bank of Korea. The propor...

Dec 6, 2018
Economy
S. Korea logs current account surplus for 80th straight month

Seoul stays in the black in goods exports, sees improvement in travel deficit

Dec 6, 2018
Economy
[News Focus] Seoul apartment prices face downhill after touching unprecedented ceiling

SEJONG -- Apartment prices in Seoul, which have continued to shoot up at since the latter half of 2016, are estimated to have hit an all-time high during the first half of 2018, causing a fears of a ...

Dec 6, 2018
Economy
Conglomerates claim 61% of Korea's corporate operating profit

Conglomerates with assets worth over 10 trillion won ($8.9 billion) accounted for 61 percent of combined operating profit of all South Korean businesses last year, government data showed Thursday. T...

Dec 6, 2018
Economy

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