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[Graphic News] Shipbuilding, chips to lead growth

South Korea’s economy is likely to grow 3.7 percent as the world economy gradually recovers, according to a report announced by the Korea Institute for Industrial Economics and Trade on Tuesday.The i...

Updated : 2014.11.26 21:29

S. Korea to ease investment regulations to boost stock market

South Korea will ease the stock investment limit for the state postal service agency as part of a comprehensive strategy to help invigorate the slumped local stock market and strengthen the market's role in providing corporate capital, the financial regulator said Wednesday.   Korea Pos...

Updated : 2014.11.26 18:11

S. Korea ranks 15th among G20 nations in clean energy investment

South Korea ranked 15th among the world's industrialized economies, known as the Group of 20 (G20), in clean energy investment last year, according to a report by a U.S. non-governmental organization on Wednesday.  According to the annual report by the Washington-based Pew Charitable Tru...

Updated : 2014.11.26 14:46

Economic recovery momentum still weak: BOK report

South Korea's economic recovery momentum still remains weak as private spending stagnates, a central bank report showed on Wednesday.  While Asia's fourth-largest economy continued to post a modest recovery pace in the past month, consumer sentiment remained feeble and companies are stil...

Updated : 2014.11.26 13:33

S. Korea's economy to grow 3.6 percent in 2015: global investors

Global investment banks (IBs) forecast that South Korea's economy will advance in the mid 3-percent range next year, data showed Wednesday, lower than growth estimates by the Seoul government and institutions.    Average projections from 34 major IBs show South Korea's gross domestic p...

Updated : 2014.11.26 09:47

S. Korea to seek structural reform on labor market next year: minister

South Korea will make structural reform one of its key policy objectives for next year, as it focuses on overhauling the inflexible labor market, the country's top economic policymaker said.     The remarks by Finance Minister Choi Kyung-hwan come as the government prepares its econom...

Updated : 2014.11.26 09:46

S. Korean consumer sentiment dips to 14-month low: data

Consumer sentiment in South Korea remained positive but soured to a 14-month low in November, data showed Wednesday, reflecting concerns over Asia's fourth-largest economy caused by a weakening Japanese yen and the intangible effects of government stimulus.   The overall consumer sentim...

Updated : 2014.11.26 09:01

S. Korea's economy to grow 3.8 pct in 2015: OECD

SEOUL (Yonhap) -- South Korea's economy is expected to grow 3.8 percent in 2015 on the back of the government's efforts to boost it through fiscal stimulus and monetary policy easing, a report by a leading international economic organization showed Tuesday.The Organization for Economic Coo...

Updated : 2014.11.25 21:53

[Graphic News] Korea to become aged society in 2017

South Korea appears to be on its way to becoming an aged society by 2017 and eventually becoming a so-called super-aged society in 2026, when slightly more than 20 percent of its people are expected t...

Updated : 2014.11.25 21:43

S. Korea ranked No. 2 in ICT development

South Korea ranked No. 2 in development of its information and communications technologies (ICT), a U.N. agency said Tuesday, giving up its first place to Denmark.The International Telecommunications Union said Asia’s fourth-largest economy ranked second among 166 countries surveyed. It m...

Updated : 2014.11.25 21:15

Think tank says S. Korean economy will grow 3.7 pct next year

South Korea's economy is expected to grow 3.7 percent in 2015 with its exports rising at a slightly faster rate to reach a record high, a state-run think tank said Tuesday.   In its report, the Korea Institute for Industrial Economics and Trade (KIET) said local economic conditions were...

Updated : 2014.11.25 11:30

[SUPER RICH] Samseong-dong makes quantum leap

While Cheongdam-dong became famous for being a home to the superrich, Samseong-dong has gained a reputation as the premium office area for the nation’s leading companies. Firms preferring neighborhoo...

Updated : 2014.11.24 21:20

More people forced to change jobs in 2013

The number of people who were forced to change jobs after being laid off or for other unwanted reasons jumped in 2013, reflecting tough economic conditions, data showed Monday.According to the data from Statistics Korea, the Financial Supervisory Service and the Bank of Korea, some 718,000...

Updated : 2014.11.24 21:01

Local brokers rush to list SPACs on S. Korea's secondary bourse

Blank-check companies that raise money for future mergers and acquisitions (M&As) have aggressively entered South Korea's secondary bourse this year, as local brokerage houses are seeking to reap higher returns through the special investment vehicle amid torpid markets, data showed Monday....

Updated : 2014.11.24 13:49

[Graphic News] Household income, spending grow 3% on-year in Q3

Household income in South Korea grew 3 percent during the third quarter from the same period last year as a hike in employment led to more earnings, a government report said Friday. When adjusted for ...

Updated : 2014.11.23 21:35