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Economy

Thu, December 7, 2023 | 23:34

Population decline pushes up employment rate among young people

Population decline pushes up employment rate among young people

Fewer Koreans in their 20s are getting new jobs but their employment rate is rising, in the face of a population decline that “misleadingly” represents a tough job market for young people.

Yi Whan-woo | 2023-09-15 17:08

KITA chairman hosts diplomatic reception to seek Busan Expo bid support

KITA chairman hosts diplomatic reception to seek Busan Expo bid support

Korea International Trade Association (KITA) Chairman Koo Ja-yeol hosted a reception for ambassadors in Korea from Central Asia, Europe and Latin America, seeking their support for Busan's bid to host the 2030 World Expo, the association said Friday.

Yi Whan-woo | 2023-09-15 17:08

Value of outstanding derivatives-tied securities down in H1 amid bullish global stock markets

Value of outstanding derivatives-tied securities down in H1 amid bullish global stock markets

The outstanding value of derivatives-tied securities issued in Korea dropped below the 100 trillion won ($75.4 billion) mark in the first half of the year, on the upbeat stock markets of major economies, data showed Friday.

2023-09-15 11:04

Korea's economic slowdown to ease on improving exports: finance ministry

Korea's economic slowdown to ease on improving exports: finance ministry

Korea's economic slowdown appears to be gradually easing on signs of a recovery in exports, the finance ministry said Friday, although volatility in global raw material prices is a threat.

2023-09-15 11:03

Inflation set to ease in Oct. amid oil price woes: finance minister

Inflation set to ease in Oct. amid oil price woes: finance minister

Korea's inflation is anticipated to begin slowing down next month amid lingering woes over soaring oil prices, the top economic policymaker said Friday.

2023-09-15 09:27

Oil prices creep higher, raise inflation concerns

Korea, Africa to bolster private sector cooperation under market-driven economic vision

Korea, Africa to bolster private sector cooperation under market-driven economic vision

BUSAN - Korea will bolster cooperation with the African private sector, in line with a market-driven economic vision addressed by President Yoon Suk Yeol, First Vice Finance Minister Kim Byoung-hwan said Thursday.

Yi Whan-woo | 2023-09-14 16:24

INTERVIEWKorea urged to employ young Africans to tackle demographic challenges

[INTERVIEW] Korea urged to employ young Africans to tackle demographic challenges

INTERVIEWKorea urged to employ young Africans to tackle demographic challenges

BUSAN - Recording the world's lowest fertility rate each year since 2013, Korea is struggling with a looming demographic crisis. In 2022, the country's fertility rate dropped to a new low of 0.78.Accordingly, the number of economically-active ...

Yi Whan-woo | 2023-09-14 16:23

Korea, Africa to bolster private sector cooperation under market-driven economic vision

FSS governor spearheads campaign promoting 'K-Finance' in Europe

FSS governor spearheads campaign promoting 'K-Finance' in Europe

Financial Supervisory Service (FSS) Governor Lee Bok-hyun has showcased strengths of the Korean financial sector to global investors during his European tour, highlighting the values of credibility, innovation and openness as the core of the industry. Lee also stressed the financial authorities will further enhance market accessibility and convenience of global investors to t...

Anna J. Park | 2023-09-14 16:06

[CONTRIBUTION] Korea-Africa cooperation ushers in new chapter for further advancement

CONTRIBUTIONKorea-Africa cooperation ushers in new chapter for further advancement

Africa, a region endowed with abundant natural resources and a young population, has high growth potential, so much so that it is seen as the “last emerging market of the 21st century.”

2023-09-14 16:01

Korean housing still overpriced: BOK

Korean housing still overpriced: BOK

The Bank of Korea (BOK) raised concerns, Thursday, that the housing market in Korea remains overpriced compared to people's incomes. According to the central bank, the average household would need to save 26 years of annual income to afford a home.

Lee Yeon-woo | 2023-09-14 15:17

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