SEOUL, Dec. 3 (Korea Bizwire) — Expectations that South Korea will achieve 3 percent growth and per capita income of US$30,000 are on the rise for 2018 fueled by the strengthening of the global economy, market watchers said Sunday. Observers said that the upbeat forecast is based on gains in exports in the new year [...]
SEOUL, Feb. 13 (Korea Bizwire) – This year, it is expected that Korea will exceed a per capita income of US$30,000. However, in spite of rising incomes, the quality of life of members of the Korean middle class has worsened over the past 20 years, mainly due to rising housing costs. In particular, skyrocketing jeonse leases [...]
“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 [...]
SEOUL, July 28 (Korea Bizwire) — Jeju Special Self-governing Province was ranked No. 1 in terms of 2012 growth rate among 16 provinces and metropolitan cities. According to data on gross regional domestic products by the National Statistical Office on July 24, the GDP of Jeju Province was 12,706.8 billion won(US$12.4 billion), up 6.1 percent from [...]