SEOUL, June 21 (Korea Bizwire) — South Korea’s household debt to the gross domestic product grew at the fastest pace among 43 countries in the world last year, leading the country’s overall private-sector debt to also expand at one of the biggest rates, data showed Sunday. The ratio of the country’s household debt to GDP [...]
SEOUL, Feb. 13 (Korea Bizwire) — Nearly half of North Korean defectors had experience of engaging in private-sector economic activities back in the communist nation, a poll showed Thursday. According to the poll conducted by the Korean Association of North Korean Studies and Hyundai Research Institute on North Korean defectors, 48 percent said that they [...]
SEOUL, Dec. 24 (Korea Bizwire) — Social Impact Bonds (SIB), where private sector ventures are compensated for conducting public projects and producing a certain result, are being launched in South Korea. Local governments will evaluate the contribution of the private sector and offer compensation. SIB projects are being carried out to increase efficiency for local [...]