SEOUL, Sept. 14 (Korea Bizwire) – South Korea’s top economic policymaker on Thursday expressed concerns that ballooning household debt may narrow room for policy maneuvering in Asia’s fourth-largest economy when interest rates rise, while downplaying the chance of high household debt posing a threat to the overall economy. “The risk of massive household debt will [...]
SEOUL, Sept. 13 (Korea Bizwire) – A recent study has revealed that South Koreans in their thirties are concerned about their longevity, and are highly interested in pension insurance products, but are not as financially prepared as individuals in other age groups. According to a survey conducted on September 13 by the Korea Insurance Development [...]
SEOUL, Sept. 13 (Korea Bizwire) – The average salary of workers at conglomerates in South Korea is over three times higher than those working at a small-sized companies, a new study has claimed. Findings from a study on wage gaps between companies conducted by researcher Roh Min-sun at the Korea Small Business Institute show the [...]
SEOUL, Sept. 13 (Korea Bizwire) – South Korea’s dependency on the information and communication technology (ICT) industry for its output is nearly twice the average for major industrialized economies, a report said Wednesday. South Korea’s ICT sector accounts for 10.7 percent of the country’s gross value added, or the value of goods and services produced [...]
SEOUL, Sept. 12 (Korea Bizwire) – The money supply in South Korea jumped 5.1 percent in July from a year earlier, the central bank said Tuesday. The nation’s M2 totaled 2,472.1 trillion won (US$2.18 trillion) in July, compared with 2,352.2 trillion won a year earlier, the Bank of Korea (BOK) said in a statement. The [...]
SEOUL, Sept. 11 (Korea Bizwire) – Only three South Korean companies are listed on the Hong Kong stock market, arguably the world’s biggest market for initial public offerings, sending worrying signals to South Korean economists. According to sources provided by HKEX and KOTRA, over 339 and 252 billion dollars were exchanged in 2015 and 2016 at [...]
SEOUL, Sept. 11 (Korea Bizwire) – A guidebook outlining ten major points to counter gentrification has been released by a group of young South Koreans in an effort to help small business owners. Going into detail, the book lists a number of the most prevalent behavior patterns of landlords before independent business owners fall victim to [...]
SEOUL, Sept. 11 (Korea Bizwire) – Increasing roadblocks on the path towards the Chinese economic heartland and a disquieting back and forth with the United States over the KORUS FTA has pushed the South Korean government to grow its trade with India and South Asian nations. According to the Ministry of Trade, Industry and Energy, [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s publicly offered overseas investment funds are regaining popularity among local investors, data showed Friday, as they seek tax benefits and higher returns. According to the data by the Korea Financial Investment Association, the combined net worth of such funds came to 39.4 trillion won (US$34.9 billion) as [...]
SEOUL, Sept. 7 (Korea Bizwire) — With the government keeping a wary eye on China’s next move amid the deployment of an additional THAAD missile defense battery, South Korean companies are bracing for further retaliation from the Chinese government. Earlier Thursday, the South Korean defense ministry announced the deployment of an additional four launchers for [...]