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Koreans Deem Political Stability Crucial amid Political Turmoil: Nielsen

Koreans Deem Political Stability Crucial amid Political Turmoil: Nielsen

SEOUL, March 7 (Korea Bizwire) – After months of political scandals that have left the nation much divided, political stability is now of great importance to South Koreans.  According to Nielsen’s latest report on consumer confidence, “economy” was the biggest concern for 33 percent of Korean consumers in the previous quarter (Q4 2016), followed by [...]

Seoul’s Consumer Sentiment Continues to Wither

Seoul’s Consumer Sentiment Continues to Wither

SEOUL, Oct. 31 (Korea Bizwire) – A recent study from the Seoul Institute indicated that although the city’s consumer sentiment improved slightly in the third quarter, the market’s expectations for economic recovery were further downgraded. In its report 2016 Q3 Seoul Public Economy Consumer Sentiment Diagnosis (issued October 30), the city’s consumer sentiment index (CSI) [...]

BOK Chief Says Economy Gaining Traction

BOK Chief Says Economy Gaining Traction

SEOUL, April 28 (Korea Bizwire) – South Korea’s top central bank said Tuesday the country’s economic recovery is gaining momentum despite external risks but stressed that structural reform is necessary for long-term growth. Bank of Korea (BOK) data released last week showed that the country’s gross domestic product (GDP) grew 0.8 percent on-quarter in the first three [...]