Of the foreign nationals residing in Korea, those from Vietnam were ranked second after China. The number of foreign nationals staying in Korea surpassed 2 million for the first time last year, acc...
2017-06-22 08:16The service balance of payments with the United States has fallen to a record low last year. This is largely because of overseas travel, Korean students studying in America, and patent fees. Accor...
2017-06-21 02:56
If the stated energy policy of the Moon Jae-in government is implemented without any revision, the nation's power generation cost will likely rise by about 30 percent. This is one of the findings...
2017-06-21 02:46
President Moon Jae-in said, "Our government will move away from an energy policy dependent on nuclear power and toward an era of denuclearization" while attending on June 19 an event to announce ...
2017-06-20 02:50
The nation's reservoirs are drying out due to a record-low precipitation for the first time in 44 years. In particular in areas such as South Chungcheong Province and Southern Gyeonggi Province, mo...
2017-06-19 06:57Korea's jobless rate for young people worsened the most among OECD countries in the first four months of this year. Among such countries, only five nations, including Korea, saw their youth unemplo...
2017-06-19 05:15
Last month, the balance of household debt has increased by 10 trillion won, largely due to a rise in home mortgage loans and loans from mutual finance companies. This is the highest volume since ...
2017-06-15 03:33
Lee Yong-seop, Vice Chairman of the Job Creation Commission, said, "It's not that the government will convert all temporary jobs into regular ones." He said this on June 14 in the Korea Economic Da...
2017-06-15 03:25Kim Dong-yeon, the new Deputy Prime Minister for Economic Affairs and Minister of Strategy and Finance, said on June 13, "The government is keenly watching unusual price movements in some of Seoul'...
2017-06-14 10:57In an address delivered in the National Assembly on June 12, President Moon Jae-in stressed the urgency of the revised supplementary budget in order to create more jobs. Today's National Assembly a...
2017-06-13 11:25Korea's exports are showing a sign of downturn after enjoying a robust growth for seven straight months. During the first ten days of this month, the nation's exports registered a negative year t...
2017-06-13 05:20
The government is leaning toward strengthening regulation on owners of multiple homes without tightening the loan-to-value ratio and the debt-to-income ratio. According to government sources on Jun...
2017-06-09 07:38
The Moon Jae-in administration decided to push up the minimum wage to 10,000 won per hour starting from 2020. Considering that this year's hourly minimum wage is 6,470 won, it would be raised by 15...
2017-06-07 14:38When Chang Ha-sung, Presidential Senior Advisor for Policy Affairs, said on June 4, "The share of earned income of the bottom quintile has steadily been in decline," his numbers were based on a rep...
2017-06-05 07:49
The government is pushing forward with a plan to convert coal-fired power generation plants into liquefied natural gas-based plants as part of fulfilling the president's promises to stop the constr...
2017-06-05 07:30
Meritz Securities Co. Ltd. will acquire 18 used aircraft from Dubai Aerospace Enterprise (DAE) Capital for $540 million, for which it is to complete the public sale of senior debts against the planes in the United States on Dec. 14.&hellip
The National Pension Service (NPS) appointed risk management center head Seong-Tae Park as new head of investment strategy on Dec. 8, a week after his predecessor Soo-Cheol Lee offered to resign, according to the pension fund’s announcement. Park joined the NPS&hellip
Paris-based private equity house Ardian has opened a Seoul office as its fourth Asian base, as South Korean institutional investors such as pension funds are expanding their presence in global investment markets. With assets of $82 billion under management, Ardian&hellip
