Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
6
[Graphic News] More Koreans say they plan long-distance trips this year
-
7
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
8
North Korea removes streetlights along cross-border roads with South
-
9
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
10
Farming households dip below 1m for first time in 2023
-
Gap in purchasing power among income groups sharply widens
The gap in real income and purchasing power by the higher income class and the lower income one in South Korea has further expanded due largely to a sharp growth gap in their nominal income, a report showed Monday.According to the report by the state-run Korea Development Institute, the real income of those in the lowest income bracket, or the first quintile, has grown an average 1.2 percent from 2003 to 2016, while the richest people saw their real income gain 1.9 percent on average over the sa
April 10, 2017
-
Korea's net exports of goods under merchanting trade up 19% last year
South Korea's net exports of goods through merchanting trade jumped 18.9 percent in 2016 from a year earlier due to brisk sales of smartphones, central bank data showed Monday.The country's net exports of goods under a merchanting arrangement came to $9.46 billion in 2016, up $1.5 billion, according to data compiled by the Bank of Korea.The increase is mostly driven by brisk sales of South Korea's smartphones built in overseas plants.Profits from smartphone sales pushed up South Korea's net expo
April 10, 2017
-
Production, consumption slip in September
South Korea’s industrial output and consumption shrank in September, government data showed Monday, reflecting the nation’s dire economics situation. The impact from sluggish exports, the Galaxy Note 7 recall, Hyundai Motor strike and Hanjin Shipping bankruptcy were felt on the indexes of industrial output and consumption in September, according to data released by Statistics Korea. The index of all industry production in September decreased by 0.8 percent from the previous month
Oct. 31, 2016
-
Number of Chinese visitors falls after THAAD dispute
The number of Chinese tourists who visited South Korea in August decreased from the previous month, apparently due to political tension between the two countries over the deployment of a missile defense system here, data showed Thursday. The number of visitors from China stood at 873,771 in August, down from 917,519 in July, according to the report from the state-run Korea Tourism Organization. But it was also 70.2 percent higher than the same period in 2015, which saw a dramatic decrea
Sept. 25, 2016
-
[Weekender] Frustrated youth seek opportunities overseas, but reality is harsh
On an early September morning, Jung Yun-jin arrived in Seoul from her hometown of Busan. Clad in a black jacket and skirt with neatly combed hair, she was to attend a 30-minute job interview for a Korean-run company in New Zealand in the afternoon. The 24-year-old hoped that the interview would lead to the end of a year of unemployment. “I hope I stand a better chance abroad,” Jung told the Korea Herald after the interview on Sept. 6. A graduate from a four-year university in Busa
Sept. 23, 2016