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Taking the next step
High school students looking for jobs get consultation at the KB Good Job Fair at COEX in Gangnam District, southern Seoul on Thursday. The two-day job fair saw roughly 250 companies participating in hiring high school students that will be graduatin…
May 25,2018
Household income up 3.7% in Q1
Korea’s real household income increased sharply in the first quarter of 2018 from a year earlier, a government report showed Thursday. An average household earned 4.76 million won ($4,415) per month in the January to March period, jumping 3.7 perc…
May 25,2018
Trump gov’t mulling tariffs on car imports
The Trump administration is threatening new tariffs again, this time on vehicle imports. The U.S. government has launched a national security investigation into imported vehicles which could potentially lead to new tariffs similar to the ones imp…
May 25,2018
Eating out is getting pricey, unless you feel like bibimbap
Eating-out expenses and the price of processed foods in Korea have risen significantly over the past year, data showed Wednesday, in an additional burden to local consumers. According to the data from the Korea Consumer Agency, six out of the eigh…
May 24,2018
Household debt continues to climb slowly
The growth of Korea’s household debt has slowed for the fifth straight quarter, but hit a fresh record high this year amid the government’s stricter lending rules, according to the Bank of Korea (BOK) on Wednesday. The country’s outstanding househ…
May 24,2018
Duty-free operators to get licenses for a decade
Retail giants like Lotte and Shinsegae don’t have to worry about getting their duty-free licenses renewed every five years anymore. A task force on improving duty-free regulations decided on Wednesday to propose the government extend duty-free li…
May 24,2018
Exports zoom 15% in first 20 days of month of May
Korea’s exports rose 14.8 percent on-year during the first 20 days of May, thanks to brisk shipments of semiconductors and petrochemical goods, customs data showed Monday. The country’s outbound shipments reached $29.1 billion in the May 1-20 peri…
May 22,2018
Trade officials from Africa descend on Busan
Economy-related ministers from 35 African countries gathered in Busan on Monday to discuss ways to bolster the continent’s industrialization, improve economic cooperation with Korea and explore new business opportunities. The 53rd annual meeting o…
May 22,2018
Supplementary budget of $3.52 billion passes
Korea’s National Assembly passed a 3.83 trillion won ($3.52 billion) supplementary budget bill in a plenary session on Monday, 45 days after the government submitted the plan. During Monday’s session, 177 out of 261 sitting lawmakers voted in favo…
May 22,2018
Korea may face continued U.S. trade pressure
Korea may face continued U.S. trade pressure despite the amendment to a bilateral free trade deal and the recent settlement of a row over steel imports, experts said Friday. In late March, Korea and the United States revised their free trade agree…
May 19,2018
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