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Immigration is Critical for the Productivity and Growth of Global Economies, According to New GMAC Report

Immigration is Critical for the Productivity and Growth of Global Economies, According to New GMAC Report

WASHINGTON, Oct. 15 (Korea Bizwire) — Today the Graduate Management Admission Council (GMAC) unveiled Early Warning Signals: Winners and Losers in the Global Race for Talent. This comprehensive report examines the role immigration plays in fueling the productivity and growth of global economies, the need to support international mobility of talent across borders, and the critical role [...]

S. Korean Economy Shows Signs of Deflation as Consumer Prices Decline

S. Korean Economy Shows Signs of Deflation as Consumer Prices Decline

SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s consumer price index declined for the very first time last month, a sign of deflation. Experts point out that declining consumer prices may become the so-called ‘new normal’ for South Korea. Statistics Korea reported that South Korea’s consumer prices reached a growth rate of 0.5 percent this [...]

S. Korea Needs to Act Boldly to Avoid Deflation: Krugman

S. Korea Needs to Act Boldly to Avoid Deflation: Krugman

SEOUL, Sept. 9 (Korea Bizwire) — South Korea needs to act boldly to avoid deflation, a Nobel Prize-winning economist said Monday, as Asia’s fourth-largest economy has plenty of fiscal space and favorable budget positions. Paul Krugman, an economics professor at the City University of New York’s Graduate Center, said South Korea should undertake fiscal stimulus. [...]

S. Korea’s Growth Potential Set to Decline Due to Aging Population

S. Korea’s Growth Potential Set to Decline Due to Aging Population

SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s growth potential is expected to fall at a faster rate than earlier anticipated largely due to the aging of the population that will also lead to a cut in the number of eligible workers, a central bank report said Monday. The country’s growth potential for the 2016-2020 [...]

Japan’s Trade Curbs Pose New Downside Risk to S. Korean Economy

Japan’s Trade Curbs Pose New Downside Risk to S. Korean Economy

SEOUL, Jul. 10 (Korea Bizwire) — Japan’s tighter regulations on some high-tech exports to South Korea will serve as a new downside risk to Asia’s fourth-largest economy, which is already struggling with a U.S.-China trade war, economists said Wednesday. In a seminar on the impact of Japan’s trade curbs, Kwon Tae-shin, president of the Korea [...]

Downside Risks Continuing amid Heightened Uncertainty: Cheong Wa Dae

Downside Risks Continuing amid Heightened Uncertainty: Cheong Wa Dae

SEOUL, Jun. 9 (Korea Bizwire) — South Korea’s economy is positioned to face heightened downside risks as the trade dispute between the United States and China escalates, hurting global trade and manufacturing activity, a senior presidential secretary said Sunday. “I think we cannot rule out the possibility of the downside risks being drawn out as [...]