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Job additions hit over 5-year high in Dec., jobless rate steady at 3.4%Jan 15, 2020South Korea's jobless rate remained flat at 3.4 percent in December, but Asia's fourth-largest economy reported a stronger-than-expected job growth last month with job additions coming to 516,000, da... -
S. Korea to draw up private sector infrastructure projects worth W17trJan 14, 2020South Korea will draw up private sector infrastructure projects worth 17 trillion won ($14.7 billion) this year in a bid to spur an economic recovery through investments, the finance ministry said Tu... -
Aging society drags actual interest rate down 3% over 20 years: BOKJan 13, 2020South Korea’s growing longevity has had the effect of lowering the country’s actual interest rate by 3 percent over the past 20 years, central bank data showed Monday. According to the latest report... -
Korea's minting agency sees sales rise 9.1% in 2019Jan 13, 2020South Korea's state-run minting agency said Monday its sales rose 9.1 percent on-year in 2019, as it expanded overseas sales of gold and silver bar products. The Korea Minting, Security Printing & I... -
S. Korea's ratio of unemployed in late 20s ranks highest among OECD nationsJan 13, 2020The proportion of unemployed people aged 25-29 in South Korea has ranked the highest among member nations of the Organization for Economic Cooperation and Development, a report showed Monday. Accord... -
BOK tipped to keep policy rate steady at record low: pollJan 13, 2020The Bank of Korea is widely expected to keep its policy rate frozen at a record low of 1.25 percent this week, a poll showed Monday, amid growing signs of recovery in the global chip market that coul... -
Korea's exports up 5.3% in first 10 days of JanuaryJan 13, 2020South Korea's exports rose 5.3 percent in the first 10 days of January, mainly due to rising shipments of semiconductors, customs data showed Monday. The country's exports stood at $13.3 billion in ... -
S. Korean policymakers on tenterhooks ahead of key economic dataJan 12, 2020Key indexes may determine country’s growth performance in 2020 -
S. Korea's exports to Iran dip nearly 90% in 2019Jan 12, 2020South Korea's exports to Iran dropped nearly 90 percent from a year earlier in the first 11 months of last year, the fastest rate among the top 20 export countries, data showed Sunday. In the Januar... -
S. Korea to speed up budget spending in Q1: vice finance ministerJan 10, 2020South Korea will speed up its budget spending in the first quarter as it seeks to revitalize the economy through large-scale investment projects, a vice finance minister said Friday. Vice Finance Mi... -
S. Korea to deal with risks from US-Iran tensions, assures limited impact on economy: FMJan 10, 2020South Korea’s finance minister said Friday that the government would continue to monitor the situation in the Middle East and would respond firmly to any threats, while reassuring them that the tensi... -
Outstanding state bonds grow at 4-yr high in 2019: dataJan 10, 2020South Korea's outstanding state and special bonds grew at the fastest rate in four years in 2019, largely due to government efforts to make up for a cut in tax revenues, data showed Friday. The outs... -
S. Korea closely monitoring tension in Middle East: finance ministerJan 10, 2020South Korea is closely monitoring tensions in the Middle East, although a conflict between the United States and Iran is not escalating, Finance Minister Hong Nam-ki said Friday. Hong said volatilit... -
Finance minister vows more support for SMEs to increase exportsJan 9, 2020Finance Minister Hong Nam-ki said Thursday the government will provide more support for small- and medium-sized enterprises (SMEs) to increase their exports this year. Hong made the remarks as he vi... -
![[News Focus] Government unemployment calculations face skepticism](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/01/09/20200109000002_0.jpg)
[News Focus] Government unemployment calculations face skepticismJan 9, 2020SEJONG -- Government officials actively publicized that the number of unemployed people aged between 15 and 29 and the corresponding unemployment rate had dropped during the Moon Jae-in administratio...
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