Korea's potential GDP rate to drop below 2% next year, OECD says

The Organisation for Economic Cooperation and Development (OECD) has projected that Korea’s potential GDP growth rate will dip below 2 percent next year — a first since the OECD began collecting such data in 1986.

2025-05-12

Korean adults' financial literacy higher than OECD average, survey finds

Korean adults' financial literacy is higher than the Organisation for Economic Cooperation and Development (OECD) average, a report showed Tuesday.

2025-04-29

Korea’s domestic consumption on protracted slump since the 1990s, KCCI study suggests

Korea’s domestic consumption has steadily weakened since the 1990s, with recent data suggesting the trend has entered a prolonged downturn rather than a temporary economic slump, according to the Korea Chamber of Commerce and Industry on Wednesday.

2025-04-23

Asean research office slashes Korea's growth forecast to 1.6%

The Asean+3 Research Office joined other Korean and overseas institutions in downgrading the country's GDP growth this year, hacking off 0.3 percent for a 1.6 percent projection.

2025-03-21

OECD cuts Korea's 2025 GDP forecast to 1.5%

The Organisation for Economic Cooperation and Development significantly lowered Korea's growth forecast.

2025-03-17

Immigration to Korea rises 50% on back of agricultural worker influx, Korean Wave

Korea has seen a 50 percent increase in immigration, mainly due to a foreign worker influx in the agrarian sector and the popularity of Korean culture, according to the Organisation for Economic Cooperation and Development (OECD).

2024-11-20

Gov't sounds alarm as suicide numbers rise by 10 percent

Koreans who died by suicide as of May increased by some 10 percent compared to the same period last year, the Health Ministry said Tuesday.

2024-08-06

Digital society initiative on AI led by Korea, OECD to kick off

A digital society initiative led by Korea and the OECD will meet, where Seoul will introduce a "Digital Bill of Rights" governing AI application.

2024-05-19

Inflation is another type of tax

If inflation is not defeated, suffering from the degradation of lives awaits us.

2024-05-02

OECD ups Korea's growth forecast to 2.6 percent

The OECD raised Korea's growth forecast to 2.6 percent due to strong chip demand and rebounding exports.