Using figures from a report by a consulting company, Netflix claims to have added 5.6 trillion won ($4.73 billion) to Korea’s gross domestic product (GDP) and created 16,000 jobs since it came to the country in 2016. “Since 2016, Netflix has ...
The Bank of Korea stressed the need to further raise the country's key interest rate to resolve worsening financial imbalances in its financial stability report published Friday.
One hundred million won ($86,000) is big money for ordinary citizens. Those who struggled to pay off any debt know it well. If you borrow 100 million won through mortgage loans with relatively low interest rates, you should repay...
Korea’s economy grew by 6 percent on year in the second quarter this year, slightly faster than earlier projections, as exports and consumer and government spending were strong.
North Korea's economy contracted 4.5 percent in 2020, the steepest fall since 1997, according to the Bank of Korea (BOK) Friday.
Korea’s economy grew at the fastest pace in more than a decade, according to figures from the Bank of Korea.
The standard of living has long been the focus of economics. Alfred Marshall, who pioneered the field of economics as social science in his 1890 book “Principles of Economics,” defined economics as “a study of mankind in the...
The government set its economic growth target at 4.2 percent for this year. That's a major jump from its previous target of 3.2 percent and even higher than the 4 percent goal announced by President Moon Jae-in in May.
Korea's economy contracted in 2020, the first real decline in gross domestic product (GDP) since the Asian financial crisis, according to revised figures released by the central bank Wednesday.
Korea's gross domestic product (GDP) grew 1.8 percent in the first quarter compared to the previous year, and rebounded to pre-pandemic levels.