SEOUL, Nov. 17 (Korea Bizwire) – Mounting household debt in South Korea is a major risk factor that could undermine financial stability and economic growth of Asia’s fourth-largest economy, but the country’s fundamental soundness and pre-emptive measures could help resolve such problems, a former Moody’s analyst said Tuesday. “(A U.S. rate hike) will have effects [...]
SEOUL, Oct. 19 (Korea Bizwire) – Seoul and Washington have shared that there is no problem in South Korea’s entry into the U.S.-led Trans-Pacific Partnership deal as the two sides already have a free trade deal with high standards, an official said Sunday. An Chong-bum, senior presidential secretary for economic affairs, told reporters that the United [...]
SEOUL, Aug. 21 (Korea Bizwire) - Curiosity is mounting over when “5 p.m., August 22″ will be. North Korea has set an ultimatum that South Korea should either stop its propaganda broadcasting, or else be subject to military action. The message was sent on August 20, around 5 p.m. However, controversy has arisen with regards [...]
SEOUL, April 21 (Korea Bizwire) – South Korea said Tuesday it will seek to hold a variety of sports and cultural events with North Korea this year to mark the 70th anniversary of Korea’s liberation from Japan’s colonial rule. South Korea plans to propose the creation of an ad hoc committee to the North to prepare [...]
SEOUL, Nov. 5 (Korea Bizwire) – South Korea ranks 25th among the world’s most prosperous nations. The Legatum Institute’s 2014 Prosperity Index measures a total of eight categories that show how nations perform in the areas of economy, education, health, personal freedom, safety and security, entrepreneurship, social capital and governance. South Korea came 25th in [...]
NEW YORK, June 19 (Korea Bizwire)–U.S. retailers seeking to grow their businesses with online shoppers overseas should look to South Korea, according to a report released today from Borderfree, a market leader in international cross-border ecommerce solutions. The report, part of Borderfree’s series of intelligence pieces on high-interest markets for ecommerce, points to South Korea [...]