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[Monitor] Convenience store businesses flourish in South Korea

Ever since the first-ever convenience store 7-Eleven was opened by then-copy printer manufacturer Dong-Hwa Industrial in May, 1989, in Bangi-dong, southern Seoul, the convenience store industry has g...

May 29, 2018
Economy
[Monitor] Korean businesses post largest revenue increase

According to the business analysis report for 2017 released by the Bank of Korea, the amount of revenue made by South Korea’s entire industries last year posted a 9.9 percent increase on-year. The o...

May 29, 2018
Economy
Moon urges early implementation of extra budget to create more jobs

President Moon Jae-in on Tuesday instructed the government to quickly implement its extra budget to create more jobs and called for efforts to smoothly implement the cut in working hours. "The worki...

May 29, 2018
Economy
Korea's consumer sentiment rebounds in May

South Korea's consumer confidence rebounded in May after five months of losses thanks to improved inter-Korean relations, a central bank poll showed Tuesday. The composite consumer sentiment index f...

May 29, 2018
Economy
Shipbuilding cities to get emergency assistance

Ulsan, Geoje, Mokpo and other cities subject to additional relief plans

May 29, 2018
Economy
Dispute rising over pace, effect of minimum wage hike

The parliamentary move to revise the labor act to expand the scope of the minimum wage marks a rare legislative step that works against the interests of waged workers in the country. Under an agreem...

May 28, 2018
Economy
K-Water leads regional meeting on water problems

South Korea’s state-run Korea Water Resources Corp., or K-Water, last week chaired a key regional council meeting to discuss Asia’s water problems, as part of its initiative to alleviate water scarci...

May 27, 2018
Economy
S. Korea's Q1 growth ranks 5th among OECD nations

South Korea's economic growth rate ranked fifth among members of the Organization for Economic Cooperation and Development in the first quarter of the year, a sharp turnaround from three months earli...

May 27, 2018
Economy
Korea to maintain 3% growth target despite doubts: minister

South Korea’s economy will remain on its course to a 3 percent growth this year, the nation’s top economic policymaker said Thursday, downplaying lower forecasts by think tanks on sluggish employment...

May 24, 2018
Economy
BOK freezes policy rate at 1.5% for May

South Korea's central bank on Thursday held its key rate steady for May amid signs of an economic downturn and low inflation pressure. In a widely expected move, the monetary policy board of the Ban...

May 24, 2018
Economy
Value of shares owned by 30 richest stockholders in Korea declines 5%

The combined value of shares owned by South Korea's 30 richest stockholders dropped 5 percent compared with the beginning of the year, industry data showed Tuesday. As of Monday, the combined value ...

May 22, 2018
Economy
Different economic diagnoses confuse markets

Key economic officials have recently expressed different views on the performance of the Korean economy, leaving market watchers confused about their intended policy direction. (Yonhap) Last week s...

May 21, 2018
Economy
Korea to spend extra budget to create more youth jobs

SEJONG -- South Korea will make use of an extra budget as soon as possible to create new jobs for young people and help industrial regions grappling with massive layoffs, the finance ministry said Mo...

May 21, 2018
Economy
Foreign funds in Korea more than double over decade

The number of foreign funds investing in the South Korean stock market has more than doubled over the decade, exceeding the 20,000 mark this year, the financial watchdog said Monday. A total of 21,3...

May 21, 2018
Economy
Number of new hires in small retail, wholesale jobs falls in Q1

The total number of people finding work in the country's small retail and wholesale sectors fell in the first quarter, a report by a local think tank showed Sunday. (Yonhap) The findings by the Kor...

May 20, 2018
Economy

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