LG Economic Research Institute Archives | Be Korea-savvy
Korea’s Per-capita GDP to Overtake That of Japan by 2020…LGERI

Korea’s Per-capita GDP to Overtake That of Japan by 2020…LGERI

“A study claimed that Korea’s per-person gross domestic products will surpass that of Japan by 2020. As the per-capita GDP difference between the two countries is projected to be at the historic low level this year, it seems the journey to catching up with Japan has already begun.” “The International Monetary Fund recently forecast that [...]

Controversy Rages on about Rising Current Account Surplus

Controversy Rages on about Rising Current Account Surplus

SEOUL, July 30 (Korea Bizwire) – Amid an enviable situation of the rising current account surplus, a controversy broke out that claims the rising surplus is a worrisome sign. According to this argument, the rising current account surplus is largely due to weak domestic consumption and a fall in imports, rather than an indication of Korean industry’s [...]

“One-person Families to Change Consumption Pattern”…LG Economic Research Inst.

“One-person Families to Change Consumption Pattern”…LG Economic Research Inst.

SEOUL, Korea, April 17, 2014 (Korea Bizwire) – A study said the rise in the number of one-person households has contributed to increasing the overall consumption. According to a report “Single Households Change the Landscape of Consumption” published by LG Economic Research Institute on April 7, by the year 2020 the consumption increase attributed to [...]

[Kobiz Feature] LG Economic Research Institute Report: Cases of Business Model Innovation

[Kobiz Feature] LG Economic Research Institute Report: Cases of Business Model Innovation

  SEOUL, Korea, Jan 01 (Korea Bizwire) – In today’s marketplace in which companies fight tooth and nail to gain shares by any means, companies do everything to differentiate their products and services. But they face a situation where the room for differentiation is getting narrower. According to a report by global management consulting firm Frost & [...]