An almighty government

A flood of policies and laws enacted by the liberal Moon Jae-in administration seem to defy the limits of a state.Article 119 of our Constitution contains clauses on the basic order of the economy. Clause One stipulates, “The...

2021-09-15

Economic uncertainty still on the rise: KDI

Korea's economy is under pressure over growing headwinds as a recent spike in Covid-19 infections is likely to delay a recovery of domestic consumption, a state-run think tank said Tuesday.

2021-09-07

Unfettered fiscal expansion

The Korean economy is losing steam fast. The highly experimental income-led growth policy has wreaked havoc on self-employed businesses. The middle class has thinned and a wealth gap widened despite the government promise to...

2021-08-17

Unfettered fiscal expansion (KOR)

The Korean economy is losing steam fast. The highly experimental income-led growth policy has wreaked havoc on self-employed businesses. The middle class has thinned and a wealth gap widened despite the government promise to...

2021-08-17

Kogas steps up amid transition to hydrogen economy

In line with the Korean New Deal initiative, Korea Gas Corporation (Kogas) is taking the lead in the transition to hydrogen economy. Since climate crisis is posing an imminent threat to humanity, hydrogen energy is earning global attention as a...

2021-07-19

Experts say North could be angling for foreign food aid

Daily reports and commentary on domestic food shortages by North Korea's state media in recent months have raised questions about the intent behind such open admissions, with some analysts suggesting that the reclusive regime is angling for aid.

2021-07-05

New alternative holiday system

A war lasted for more than 20 years. It is the battle between Crayon Shin-Chan and Detective Conan. Theater version of Crayon Shin-Chan based on Yoshito Usui’s manga series challenged Gosho Aoyama’s Detective Conan feature films...

2021-07-04

Inflation and food two factors in North's deepening crisis

North Korea faces a crisis of fluctuating currency and food prices due to international sanctions, continued trade restrictions resulting from Covid-19 and declining agricultural output, according to a South Korean think tank’s report on June 23.

2021-06-29

Korea makes bilateral headway with global leaders at G7

Korea made its debut at the Group of 7, or G7, summit hosted by Britain earlier this month, which was not only an opportunity to elevate the country’s global standing but also to strengthen bilateral economic ties with participating nations.

2021-06-28

Economy shows recovery with exports and consumption up

The Korean economy is on a modest recovery track as exports remain robust and a slump in private consumption has eased, a state-run think tank said Monday.

2021-06-07

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