중앙데일리

More than 50,000 U.S. cars were sold in Korea in 2018

U.S. carmakers sold more than 50,000 vehicles in Korea last year helped by zero tariffs and demand for SUVs, a local industry association said Friday. The number of U.S.-made vehicles reached 52,539 units, up a solid 8.2 percent from a year earlie…

Mar 09,2019
Average salary of new hires at big firms rises 0.7 percent

The average annual salary of new college-educated workers at large Korean companies has edged up in 2019 from a year ago, with the gap with those hired by smaller firms remaining wide, a poll showed Friday. According to the survey by job portal Jo…

Mar 09,2019
Zero Pay held back by almost zero payments

A government-backed mobile payment system failed to live up to expectations in its initial stage despite the efforts to boost its popularity with tax benefits. The number of transactions processed through Zero Pay, the payment method, stood at 8,6…

Mar 07,2019
Gov’t vows more funds to get start-ups to thrive

The government will be creating a 12 trillion won ($10 billion) investment fund on top of investing 17.7 trillion won in new start-ups over the next four years in the hopes of creating an innovation boom for Korea. It wants to create 20 unicorn c…

Mar 07,2019
Prices up less than 1%, rise slowest in over 2 years

Inflation is at its lowest level in two and half years as the prices of crude oil and fresh produce declined, with consumer prices rising less than 1 percent for the second consecutive month. The price of cabbage, essential in the making of kimchi…

Mar 06,2019
Per person income tops $30,000 for first time

Korea’s per capita gross national income (GNI) has officially broken $30,000, just 12 years after crossing the $20,000 mark. According to the Bank of Korea on Tuesday, Korea’s GNI per capita last year hit $31,349, up 5.4 percent compared to 201…

Mar 06,2019
Moody’s sees GDP growth in 2019 at a mere 2.1%

U.S. credit agency Moody’s lowered its economic growth estimate for Korea, following several other institutions. Moody’s projected Korea’s GDP growth this year will be 2.1 percent, a sharp drop from last year’s 2.7 percent. That projection is …

Mar 06,2019
Shampoo prices soar but beer remains flat

Prices of daily necessities and processed food sold in the capital area went up last month, with shampoo taking the lead. According to a survey conducted by the Korea National Council of Consumer Organizations over two days in mid-February, 27 ite…

Mar 05,2019
2018 per capita income probably broke $30,000

Korea’s per capita income is expected to surpass $30,000 for the first time, the finance minister said Monday, a dramatic rags-to-riches success story that has no parallel in contemporary history. Hong Nam-ki, the minister of economy and finance, …

Mar 05,2019
Export support upped as global challenges rife

Official export support is being increased more than originally planned in 2019 as Korea faces headwinds in selling products overseas. A slew of other relevant measures are being implemented as well. The government said it will be providing 235 tr…

Mar 05,2019

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