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OECD Raises S. Korea’s 2020 Growth Outlook

OECD Raises S. Korea’s 2020 Growth Outlook

SEJONG, Aug. 11 (Korea Bizwire) — South Korea’s economy is likely to shrink less than expected this year thanks to its successful response to the coronavirus pandemic, the Organization for Economic Cooperation and Development (OECD) said Tuesday. In its latest report on South Korea, the Paris-based club of major economies predicted Asia’s fourth-largest economy will [...]

S. Korea’s Growth Rate Second Highest Among 14 Major Countries

S. Korea’s Growth Rate Second Highest Among 14 Major Countries

SEOUL, Aug. 2 (Korea Bizwire) — South Korea’s economy contracted 3.3 percent in the second quarter from a quarter earlier, but it fared well compared with other major economies, data showed Sunday. South Korea’s gross domestic product (GDP) growth rate was the second highest among the 14 countries that included the United States, China, Germany [...]

S. Koreans’ Life Expectancy Stands at 82.7 Years in 2018, Higher than OECD Average

S. Koreans’ Life Expectancy Stands at 82.7 Years in 2018, Higher than OECD Average

SEOUL, July 22 (Korea Bizwire) — South Korean babies born in 2018 are expected to live over 82 years, two years longer than the Organization for Economic Cooperation and Development’s average, as many take care of their health with regular medical checkups and treatment, data showed Wednesday. The figure remains unchanged from the year before, [...]

S. Korea Ranks Among Top OECD Member Countries in Treatment of Cancer

S. Korea Ranks Among Top OECD Member Countries in Treatment of Cancer

SEOUL, Nov. 17 (Korea Bizwire) — South Korea ranks as one of the leading members among the Organization for Economic Cooperation and Development (OECD) in the treatment of cancer, medical data showed Sunday. The 2019 Health at a Glance report released by the Paris-based organization said Asia’s fourth-largest economy had the highest five-year survival rate [...]

S. Korea Ranks at Bottom of OECD States for Energy Efficiency

S. Korea Ranks at Bottom of OECD States for Energy Efficiency

SEOUL, Jul. 1 (Korea Bizwire) — South Korea, which ranks as one of the worst Organization for Economic Cooperation and Development (OECD) countries for energy efficiency, needs to raise the price of electricity in order to reduce greenhouse gas emissions, according to experts. The KEPCO Management Research Institute recently reported that the nation ranked 33rd [...]

S. Korea’s Financial Literacy Scores Slightly below OECD Average

S. Korea’s Financial Literacy Scores Slightly below OECD Average

SEOUL, Jan. 28 (Korea Bizwire) — South Koreans’ financial literacy was slightly lower than the average of the Organization for Economic Cooperation and Development (OECD) countries last year, a survey showed Monday.  The financial literacy of South Korean people aged between 18 and 79 came to 62.2 points in 2018, according to the survey by the Bank of Korea [...]