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S. Korea’s Economic Structure Remains Fragile: Think Tanks

S. Korea’s Economic Structure Remains Fragile: Think Tanks

SEOUL, June 5 (Korea Bizwire) – South Korea’s latest economic gains do not indicate that the country’s financial condition is on a firm track, as the increases can be attributed to investment in the construction sector and not improvements in private consumption, a research showed Sunday.  Hyundai Research Institute (HRI) said in a report that [...]

S. Korea Lags behind OECD States in Sustainable Growth Index

S. Korea Lags behind OECD States in Sustainable Growth Index

SEOUL, April 16 (Korea Bizwire) – South Korea ranked 24th among 28 Organization for Economic Cooperation and Development (OECD) member countries in terms of the state growth sustainability index, a local think tank said Sunday. The Hyundai Research Institute has developed its own index to measure each state’s sustainable growth levels. South Korea scored 0.443, [...]

Vietnam’s Consumer Market Key to Growth in S. Korean Exports: Report

Vietnam’s Consumer Market Key to Growth in S. Korean Exports: Report

SEOUL, Nov. 24 (Korea Bizwire) – South Korea must work to boost shipments of consumer goods to Vietnam to maintain the growth of its exports to the world’s third-largest destination for South Korean goods, a report said Thursday.  The report from the Korea International Trade Association (KITA) noted Vietnam’s own exports were expected to shrink [...]

Political Uncertainties Increase Downside Risks to Economic Growth: Foreign IBs

Political Uncertainties Increase Downside Risks to Economic Growth: Foreign IBs

SEOUL, Nov. 2 (Korea Bizwire) – South Korea’s political uncertainties over an unfolding influence-peddling scandal could increase downside risks to the country’s economic growth, a report said Wednesday.  Citigroup said the scandal involving President Park Geun-hye’s longtime confidante could shrink consumer sentiment, which in turn could further slow the economic growth rate in the fourth [...]

Construction Sector under Gov’t Microscope over Possible Risks

Construction Sector under Gov’t Microscope over Possible Risks

SEOUL, Oct. 31 (Korea Bizwire) – South Korea’s financial authorities said Monday they will scrutinize the financial health and risk factors of major builders in a move to brace for a downturn in the construction business.  The authorities are set to look into the financial health of construction companies based on their semiannual reports while [...]

Unemployed 20-somethings Hits New High for H1

Unemployed 20-somethings Hits New High for H1

SEOUL, Jul. 27 (Korea Bizwire) — The number of unemployed South Koreans in their 20s hit a new first-half record, data showed Sunday, adding to concerns over murky employment outlooks for the country’s younger generation. There were 410,000 unemployed people aged between 20 and 29 in the January-June period, the highest level since relevant data [...]