Korea’s economy is contracting slower as a rebound in exports offsets weak domestic demand amid high interest rates.
Bank of Korea Gov. Rhee Chang-yong said that the labor market must be reformed to facilitate growth, but warned that changes will impart challenges.
A report from the Korea Development Institute argues that a shortage of jobs at conglomerates is affecting Korea's fertility rate and female employment as employees of smaller firms struggle to access parental welfare programs.
The institute says the economy performed as expected in 2023, but high interest is curbing private consumption.
The Korea Development Institute has lowered Korea's growth forecast for this year and next year due to weak consumer spending and high interest rates.
Korea's economy shows signs of easing slowdown, supported by semiconductor industry growth, despite ongoing external uncertainties.
The Hyundai Motor Chung Mong-Koo Foundation plans to expand its global scholarship program to include visiting undergraduate students in addition to master's and doctoral scholarships.
Rising global debt and slow globalization pose threats to financial stability, warns economist Jean-Claude Trichet.
The economy is gradually moderating as the weak chip sector has started to improve, according to a report from the state-run Korea Development Institute (KDI) on Monday.
The Korean economy appears to have passed its nadir recently on the back of the recovery in the manufacturing sector, a state-run think tank said Sunday.
Korea JoongAng Daily Sitemap