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Income Gap Makes Recruiting Young Workers Difficult for SMEs

Income Gap Makes Recruiting Young Workers Difficult for SMEs

SEJONG, March 6 (Korea Bizwire) — Young South Korean workers are avoiding small and medium-sized enterprises in fear of the long-term negative impact on their career and income, a new study has revealed. The report released by the Korea Development Institute (KDI) on Tuesday showed a worker’s first job has a significant impact on their career [...]

Research Shows Family Background Linked to Educational Success

Research Shows Family Background Linked to Educational Success

SEOUL, Aug. 24 (Korea Bizwire) — The Korea Economic Research Institute held a seminar on August 23 regarding social mobility and education, where Professor Lee Joo Ho of the Korea Development Institute presented his findings on the correlation between children’s school grades and a family’s economic, social and cultural standing (ESCS). His research was based [...]

“PB” Private Brand Products Create Profits for Retailers, but Manufacturers Excluded

“PB” Private Brand Products Create Profits for Retailers, but Manufacturers Excluded

SEJONG, Aug. 16 (Korea Bizwire) – The increasing popularity of “PB Products” like E-mart’s “No Brand” goods is lining the pockets of retailers, but doing little to benefit manufacturers according to a report published by the Korea Development Institute (KDI). PB products (Private Brand) are a variety of consumer goods that are produced by manufacturers [...]

The KDI School Completely Revamped K-Developedia, a Comprehensive DB on Korean Development, to Celebrate Its Second Anniversary

The KDI School Completely Revamped K-Developedia, a Comprehensive DB on Korean Development, to Celebrate Its Second Anniversary

SEOUL, South Korea, Dec. 15 (Korea Bizwire) — The KDI School of Public Policy and Management announced its launching of a completely revamped website of K-Developedia (www.kdevelopedia.org) in commemoration of the second anniversary of a comprehensive DB on Korean development. It has largely updated the DB in two years since its first official launch on [...]

KDI Downgrades S. Korea’s Economic Growth to 3.7% This Year

KDI Downgrades S. Korea’s Economic Growth to 3.7% This Year

SEOUL, May 28 (Korea Bizwire) – The Korea Development Institute, South Korea’s think tank, has downgraded the estimated economic growth on the ground that the aftereffect caused by the Sewol ferry incident and lower consumer spending druing the first quarter will linger on for some time now. On May 27, the state-run economic think tank predicted this [...]