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The Korea Times

The Korea Times

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Economy

Fri, December 1, 2023 | 02:45

Majority of top income earners work in Seoul metropolitan area

Majority of top income earners work in Seoul metropolitan area

Recent data shows that eight out of 10 high-income earners in Korea - in the top 1 percent - have jobs in the Seoul metropolitan area, including the city of Incheon and the province of Gyeonggi .

2023-10-30 16:57

Korea retrieves 71.4% of bailout funds

Korea retrieves 71.4% of bailout funds

The government has retrieved over 70 percent of the public funds used to bail out troubled financial firms since the 1997-1998 Asian financial crisis, the financial regulator said Monday.

2023-10-30 14:15

Retail sales up 9.5% in Sept. on strong online demand

Retail sales up 9.5% in Sept. on strong online demand

Retail sales in Korea advanced 9.5 percent on-year in September amid the strong performance of online platforms coupled with the Chuseok holiday, data showed Monday.

2023-10-30 11:22

ABS issuance jumps 47.4% in Q3

ABS issuance jumps 47.4% in Q3

The issuance of asset-backed securities (ABSs) in Korea surged over 47 percent from a year earlier in the third quarter on a sharp increase in those issued by the state-run housing finance company, data showed Monday.

2023-10-30 09:22

Weak yen dims Korea's economic prospects

Weak yen dims Korea's economic prospects

Concerns are mounting over the potential negative impact of prolonged weakening of the Japanese yen on Korean exports which were expected to bolster the Korean economy in the second half of this year.

2023-10-29 15:53

For trade expansion between Korea, Taiwan

For trade expansion between Korea, Taiwan

Korea Importers Association Chairman Kim Byung-kwan, third from left, poses with Chinese National Association of Industry and Commerce, Taiwan Chairman Thomas Wu, fourth from left, and Vice Chairman Allen Kao, right, and officials of both organizations at the Palais de Chine Hotel in Taiwan, Thursday, after the two organizations signed a memorandum of understanding for expand...

2023-10-27 18:36

Carbon Free Alliance launched to facilitate Korea's net-zero goal

Carbon Free Alliance launched to facilitate Korea's net-zero goal

The Carbon Free Alliance has taken off with a mission to collect all available help from countries and companies worldwide to neutralize carbon emissions, according to the Ministry of Trade, Industry and Energy, Friday.

2023-10-27 15:57

Foreign victims of rental scams receive limited gov't support

Foreign victims of rental scams receive limited gov't support

'People around me say victims are not at fault. However, we find ourselves forced out onto the streets,' sobbed a Chinese woman who had fallen victim to a rental scam during a public hearing hosted by the main opposition Democratic Party of Korea (DPK), Sunday.

2023-10-26 15:37

Korea's Q3 growth beats estimate on exports; outlook still murky

Korea's Q3 growth beats estimate on exports; outlook still murky

Korea's economy grew at a higher-than-expected rate on the back of reviving exports and domestic demand, central bank data showed Thursday, raising expectations that Asia's fourth-largest economy may achieve its growth estimate of 1.4 percent.

2023-10-26 11:02

Consumer sentiment slides for 3rd month in October amid slowdown woes

Consumer sentiment slides for 3rd month in October amid slowdown woes

Korea's consumer sentiment slid for the third straight month in October amid woes over an economic slowdown, slumping exports and weakened spending power, a central bank poll showed Wednesday.

2023-10-25 07:42

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