Economy

Non-Bank Lending In South Korea Climbed To New Highs In 2016

Outstanding loans extended by the South Korea's non-bank lenders reached a record 724.14 trillion won in 2016, the Bank of Korea said.

February 11, 2017 at 9:35 am

South Korean Workers Paid Record High Income Tax In 2016

South Korea's earned income tax reached more than 30 trillion won in 2016, up 14.6 percent from the earlier year, the finance ministry said.

February 11, 2017 at 9:34 am

South Korean Exports Up 72.8 Percent In The First 10 Days Of February

South Korean exports grew 72.8 percent in the first 10 days of February, signaling a sustained recovery in exports after two straight years of decline.

February 9, 2017 at 6:06 am

South Korea’s Manufacturing Supply Grows 3.6 percent in Q4

The manufacturing domestic supply index, which measures Korean-made products and foreign-made items, increased 3.6 percent, a three-year high, during the fourth quarter of 2016, according to Statistics Korea.

February 9, 2017 at 6:06 am

South Korea’s Household Debt Grew Slower in January: Bank of Korea

Household debt in South Korea grew 100 billion won in January, significantly lower from the previous month due to off-peak season in the property sector and higher interest rates, according to the Bank of Korea.

February 8, 2017 at 6:27 am

China News & Updates: Yuan Value Continues To Drop Here Are What Experts Says

China, one of the economically leading countries in the world, is now facing economic issues. Find out more here!

January 31, 2017 at 6:17 am

Google Shares Are Down While Microsoft Soars In Latest Earnings Report

Financial reports for the last quarter of 2016 are in and two tech giants making adjustments on their next projections. Windows shares are up while Google's are down in entering 2017.

November 16, 2016 at 12:08 pm

South Korean Exports Drop in October

South Korean exports fall in October following a weak overseas demand.

November 16, 2016 at 12:07 pm

Samsung to Acquire U.S. Car Tech Firm for $8 billion

Samsung Electronics announced that it will acquire the U.S. car tech company Harman International Industries in an $8 billion deal.

November 10, 2016 at 8:54 am

South Korean Citizens Devastated About Trump's Victory

Many South Korean citizens are worried about the impact that Trump's victory will have on South Korea's economy and military issues.

November 10, 2016 at 8:53 am

Relations Between S. Korea and the U.S. to Remain Strong Under Trump’s Term

President-elect Donald Trump will continue the strong relations between the U.S. and South Korea under his presidential term.

November 9, 2016 at 2:52 pm

South Korea to Act Firmly if Trump Election Volatility is Severe

South Korea said on Wednesday that it will react firmly to severe financial market volatility if necessary after Trump won the U.S. presidential race.

November 8, 2016 at 9:01 am

South Korea Attracts Quality Tourists from ASEAN

South Korea is putting in more effort into attracting quality tourists from the ASEAN region.

November 2, 2016 at 12:43 pm

Most of Korean Married Couples Don't Know Their Spouse's Income

A new survey revealed a rather unknown reality in Korea - over half of married couples do not know how much their spouses earn.

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