SEOUL, Aug. 19 (Korea Bizwire) – Korea’s second quarter economic growth has turned out to be much lower than expected. Even countries going through economic difficulties showed a higher growth rate than Korea. There are concerns that if the Korean economy stays this way, the country might become a bit player in global competition. According [...]
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 [...]
SEJONG, Jun. 25 (Korea Bizwire) — South Korea lowered its 2015 economic growth outlook to 3.1 percent Thursday, citing slumping exports and the negative impact of the Middle East Respiratory Syndrome (MERS) outbreak on Asia’s fourth-largest economy. The revised estimate represents a drop from the 3.8 percent gain predicted late last year and is lower [...]
SEOUL, June 10 (Korea Bizwire) – The country’s first-ever outbreak of Middle East Respiratory Syndrome (MERS) is forecast to hinder economic growth as South Koreans scale back spending amid growing alarm over the viral respiratory illness, a report showed Wednesday. Morgan Stanley projected South Korea’s annual economic growth to fall by 0.15 percentage point if the MERS [...]