SEOUL, July 21 (Korea Bizwire) – A decision by the government to raise the minimum wage next year is expected to cut profits at convenience and discount store chains, but it could help bolster consumption, according to foreign investment banks on Friday. The government has decided to hike minimum wage 16 percent to 7,530 won [...]
“North Korea’s attack should have little impact on the country’s financial sector, although downside risks associated with the United States raising its key interest rates and uncertainties coming out of China need to be checked. The government is ready to respond proactively to all uncertainties.” “There was a strengthening of the U.S. dollar compared with [...]
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 [...]