SEOUL, Oct. 29 (Korea Bizwire) — A number of industries that propelled South Korea to its economic “miracle” are now headed downhill. The China-U.S. trade war, rising interest rates in the U.S., lowered labor productivity and other hurdles have large Korean corporations stuck in a “tunnel of uncertainty” in which companies are unable to accurately [...]
SEOUL, Oct. 28 (Korea Bizwire) – The South Korean economy is expected to post a weak annual growth for this year due to the country’s high unemployment rate coupled with the falling corporate investment, industry watchers said Sunday. The Bank of Korea recently revised down the growth target for 2018 to 2.7 percent from 2.9 [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korea’s per-capita gross domestic product (GDP) is on track to surpass US$30,000 this year and expected to exceed $40,000 in 2023, a parliamentary report showed Thursday. According to the report by the National Assembly Budget Office (NABO), South Korea’s per-capital GDP is expected to reach $31,862 this year, [...]
SEOUL, Aug. 17 (Korea Bizwire) — South Korea’s state pension fund is on course to be depleted in 2057 under the existing system, studies showed Friday, with the pension operator suggesting two major options to keep it running. According to the latest studies conducted by the National Pension Service (NPS), also the country’s top institutional [...]
SEOUL, Jul. 31 (Korea Bizwire) — South Korean manufacturing businesses’ expectations for the coming month plunged at a sharpest clip in more than three years amid rising economic uncertainties at home and abroad, a central bank poll showed Tuesday. The business survey index (BSI) of manufacturers came to a 19 month-low of 73 for August, [...]
SEOUL, Jul. 24 (Korea Bizwire) — Inflationary pressure is likely to build up in South Korea down the road due to rising oil prices, the fallout from a record heat wave and signs of increasing public utility rates, analysts here said Tuesday. Looming large are surging international crude prices, which come as a big drag [...]
NEW YORK, Jun. 5 (Korea Bizwire) — According to PwC’s Global Entertainment & Media Outlook 2018-2022 (Outlook), the ongoing rapid evolution of the industry has entered a dynamic new phase. Amid growth that is broad-based and consistent – but unevenly distributed – three imperatives are affecting every company in the industry: convergence, connecting with consumers [...]
SEOUL, Mar. 26 (Korea Bizwire) — LG Electronics Inc., which enjoyed record earnings last year on the back of premium TVs and home appliance sales, is expected to post a robust performance in the first quarter of 2018. According to data compiled by market tracker FnGuide from local brokerage houses, the market’s first-quarter consensus for [...]
SEOUL, Mar. 15 (Korea Bizwire) — South Korean mobile carriers are expected to see their sales growth slow in 2018 from last year amid a mild gain in operating profit in the wake of increased fee discounts, a market tracker said Thursday. The consolidated sales of the three mobile carriers — SK Telecom Co., KT [...]
SEOUL, Nov. 2 (Korea Bizwire) — South Korea’s construction sector could suffer a contraction in 2019, a report said Thursday as the government’s moves to stabilize property markets may weigh on new orders. The combined value of construction orders — a leading indicator in the construction sector — posted a 29.5 percent decline in July, [...]