The Economist Archives | Be Korea-savvy

CJ Logistics’ ‘Silver-Haired Delivery Service’ Drops Off 20M Packages

SEOUL, Dec. 12 (Korea Bizwire) – CJ Logistics’ package delivery program employing seniors, started five years ago, recently made its 20 millionth delivery, the subsidiary of conglomerate CJ Group announced on December 11. The program was launched in the southeastern city of Busan in 2013, before expanding to 160 other locations nationwide and eventually employing [...]

South Korean GDP to Decline by 2050

SEOUL, Sept. 11 (Korea Bizwire) – According to Simon Baptist, Chief Economist at the Economist Intelligence Unit, by 2050, South Korea, Canada and Italy may find themselves firmly entrenched outside the global GDP top-10 list. Baptist attributes this change partly to the projected rise of India, with its growing population and migration to urban areas [...]