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BOK report shows gov’t spending helps economy
The impact of government spending on economic performance has long been a divisive topic with a number of researches and papers suggesting contrasting results. According to Korea’s central bank on Monday, an increase in government spending has a p…
Sept 17,2019
Chatting trade
The head of the Federation of Korean Trade Unions Kim Joo-young, left, and the head of the Korea Chamber of Commerce and Industry Park Yong-maan sit together in the business lobbying group’s headquarters in downtown Seoul on Monday. This is the first…
Sept 17,2019
Reading this could cause deflation
It’s official, though only barely. With a minus 0.038 percent on-year change in the consumer price index in August - the first negative reading since the number was first tracked 1965 - Korea became a member of the deflation club. The governme…
Sept 16,2019
Unemployment near 4-year low
SEJONG - Total employment rose the most in more than two and a half years, with an addition of 452,000 jobs in August and a fall in unemployment to a near-four-year low of 3.0 percent. The growth may not indicate a turnaround, as most of the new p…
Sept 12,2019
Aged welfare standards reformed
The government is easing qualifications for the national basic livelihood security program. In the biggest change in the near 20 years since the National Basic Security Act was implemented, the government will not consider the gender of children w…
Sept 12,2019
Korea files WTO complaint against Japan
Korea filed a complaint against Japanese restrictions on exports at the World Trade Organization (WTO) on Wednesday, escalating the trade feud between the two countries to the global stage. According to the Ministry of Trade, Industry and Energy, …
Sept 12,2019
Once more unto the breach
Public servants prepare for the Chuseok holidays at the National Transport Information Center of the Ministry of Land, Infrastructure and Transport in the Sejong Government Complex in Sejong on Wednesday. The government estimates that between Wednesd…
Sept 12,2019
Koreans spend hours plugged into YouTube
In Korea, YouTube is by far the most frequently used application. Yet despite the amount of money being spent on data plans for that video streaming habit, mobile carriers are not happy about the platform’s popularity. According to mobile app anal…
Sept 12,2019
Employees working 13.5 minutes less per day
On average, Koreans are working 13.5 minutes a day less this year and are enjoying themselves 18.3 minutes more, though they are spending less time in bars and more time pursuing healthier activities. These are just some of the changes since the 5…
Sept 12,2019
Korea to file WTO complaint on Japan’s export restrictions today
Korea will file a complaint against Japanese restrictions on exports to Korea at the World Trade Organization (WTO) on Wednesday, escalating the ongoing trade feud between the two countries. Trade Minister Yoo Myung-hee said Korea will start to ta…
Sept 12,2019
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