The Blue House expressed confidence on its handling of the economic crisis created by the Covid-19 pandemic, citing the rating from international rating agency Fitch.
The Organisation for Economic Cooperation and Development (OECD) has revised up its forecast for Korea's 2020 economic growth, or down, depending on which number is used.
Finance Minister Hong Nam-ki defended the government's spending in the National Assembly, saying more debt was unavoidable in the fight against the Covid-19 pandemic.
If this is in fact the dreaded second wave, worst-case scenarios are going to have to be dusted off.
Korea faces the smallest contraction in economic growth among advanced countries this year, the Organisation for Economic Cooperation and Development (OECD) said Tuesday, after containing the coronavirus without lockdowns.
In its latest economic survey of Korea, the Organisation for Economic Cooperation and Development (OECD) said Korea has “stepped up” its fight against corruption recently, but added that “challenges remain.”
Korea's position in global GDP rankings is expected to rise three notches to ninth in 2020 despite a virus-caused economic contraction, a report showed Monday.
To quote the old housewife’s lament, everything has gone up except for paychecks. Taxes under the Moon Jae-in administration have been raised at a dizzy pace. All the categories in the tax code — except for value-added taxes —...
Top earners in Korea pay relatively little in taxes, but the burden has been increasing fast and could continue to rise quickly.