South Korea's 2025 Economic Outlook: A Challenging Year Ahead
The Korea Institute for Industrial Economics and Trade (KIET) has released its economic and industrial outlook for 2025, projecting South Korea's real gross domestic product (GDP) ...
Economy News
South Korea's Wealth Divide: The Top 10% Control 43.5% of Net Assets
South Korea faces a widening wealth gap, with the top 10% of households holding 43.5% of net assets. Real estate is the primary driver of this disparity, accounting for 71.5% of to...
Potential Supplementary Budget Looms: A Shift in Yoon's Fiscal Policy?
The Office of the President hints at a potential supplementary budget for next year, marking a shift in President Yoon Suk Yeol's fiscal policy. This move could signal more active ...
Online Shopping Market Faces Slowest Growth Since 2017 Amid Economic Challenges
The online shopping market in South Korea saw its lowest growth rate since 2017, with a mere 0.6% increase in October transaction amounts. This slowdown is attributed to economic c...
Korea's Industrial Competitiveness Meeting: A Strategic Shift Under Trump 2.0
The government is set to hold the Industrial Competitiveness Ministers' Meeting next week, marking the first such gathering since December 2022. The meeting, scheduled for Nov. 27,...
Off-Season Durian Prices Double, Yet Farmers Face Massive Losses
The off-season for durian in Tien Giang has begun, but this year's harvest is unusually quiet. Farmers are facing massive losses as extreme weather conditions have caused durian fl...
Hidden Bars Emerge as Productive Workplaces for Young Professionals
Hidden bars in Hanoi and HCMC are becoming popular workplaces for young professionals seeking quiet, productive environments. These speakeasy bars offer a tranquil atmosphere with ...
South Korea's Export Boom: A 5.8% Rise in Early November and a $798 Million Trade Surplus
South Korea's exports rose by 5.8% in early November, while imports fell by 1%, resulting in a trade surplus of $798 million. The increase in exports was led by semiconductors, shi...
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