SEOUL, Dec. 9 (Korea Bizwire) — South Korea’s per capita income is likely to surpass US$30,000 this year, though the economy is forecast to record its lowest growth rate in six years, observers said Sunday. Gross national income (GNI) is expected to reach $31,243 in 2018, up from last year’s $29,745, according to market observers, [...]
SEOUL, March 25 (Korea Bizwire) – South Korea’s per capita income dropped in 2015 from the previous year, marking the first on-year drop in six years even though the decline was largely attributed to the depreciation of the local currency against the U.S. dollar. In 2015, the country’s per capita gross national income (GNI) came to [...]
SEOUL, Korea, April 2 (Korea Bizwire) – Among all bank deposits the proportion of household bank deposits has exceeded 50 percent for the first time in six years. Korean households just not feeling economic recovery as yet appear to have parked their money in the bank. On April 1, the Bank of Korea reported that [...]