Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Ador CEO denies allegations, accuses Hybe of mistreating NewJeans

    Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
  2. 2

    Korea’s homegrown nanosatellite successfully launches into space

    Korea’s homegrown nanosatellite successfully launches into space
  3. 3

    [Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'

    [Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
  4. 4

    Nicaragua shuts down Seoul embassy

    Nicaragua shuts down Seoul embassy
  5. 5

    Medical reform committee kicks off despite boycott from doctors

    Medical reform committee kicks off despite boycott from doctors
  1. 6

    Hybe's multilabel system tested amid conflict with Ador

    Hybe's multilabel system tested amid conflict with Ador
  2. 7

    SNU profs to suspend treatment for one day

    SNU profs to suspend treatment for one day
  3. 8

    Rocket engine expert, ex-NASA exec to lead Korea's new space agency

    Rocket engine expert, ex-NASA exec to lead Korea's new space agency
  4. 9

    Over-50s, men, single-person households take up majority of those filing for bankruptcy

    Over-50s, men, single-person households take up majority of those filing for bankruptcy
  5. 10

    SK hynix pledges W20tr to ramp up DRAM production at home

    SK hynix pledges W20tr to ramp up DRAM production at home
피터빈트

[Graphic News] Korea’s underground economy

By Korea Herald

Published : Nov. 27, 2013 - 20:08

    • Link copied

The size of Korea’s underground economy reached an estimated 314.3 trillion won in 2012, about 24.6 percent of its nominal gross domestic product, according to a report by LG Economic Research Institute released Tuesday.
It is an increase of 8.4 percent from the 289.8 trillion won recorded in 2010. The Park Geun-hye government seeks to bring the shadow economy to light to raise tax revenue.

More from Headlines