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South Korea Country Update - 2013-05-24
- Country news
- 2 days ago
- by Yonhap News Agency
SEOUL , 2013-05-24 (Yonhap) -- South Korea will draw up its economy management plan for the 2nd half in consideration of possible changes in monetary policies adopted by advanced regions, the region's top economic policymaker said Friday. The remarks by Finance Minister Hyun Oh -seok came after U.S. Fed Chairman Ben Bernanke earlier said that the central bank could wind down its ...
- Countries : South Korea
Monthly Household Income Grows At Slower Pace In Q1
- Country news
- 2 days ago
- by Yonhap News Agency
SEJONG, May 24 (Yonhap) -- Monthly household income in South Korea grew at a slower pace in the Q1 of this year amid deepening worries over the protracted economic slump, government data showed Friday. The income of households consisting of 2 members or more averaged 4.19 million won ( USUS Dollars 3727 ) per month during the January-March period, up 1.7 % from the same per...
- Countries : South Korea
S. Korea's Trade Terms Improve In April
- Country news
- 2 days ago
- by Yonhap News Agency
SEOUL , May 24 (Yonhap) -- South Korea's terms of trade improved in April as import costs fell at a steeper pace than export prices amid a fall in oil prices, the central bank said Friday. The region's net terms-of-trade index for goods -- a gauge of trade terms -- came in at 89.1 in April, up 5.4 % from a year earlier, as reported by the Bank of Korea (BOK). The April data com...
- Countries : South Korea
Foreign Trade & Payments Risk
- Country news
- 2 days ago
- by Economist Intelligence Unit
RISK RATINGS Current Current Previous Previous Rating Score Rating Score Overall assessment B 33 B 33 Foreign trade & payments risk B 29 B 29 Note: E=most risky; 100=most risky. The risk ratings model is run once a quarter. Download the numbers in Excel SUMMARY The risk that South Korea will be unable to meet its foreign payments i...
- Countries : South Korea
S. Korea Considering Youth Employment Quota In Public Sector
- Country news
- 3 days ago
- by Yonhap News Agency
SEJONG, 2013-05-23 (Yonhap) -- South Korea plans to introduce a quota for public enterprises to employ a certain ratio of younger people as part of its efforts to tackle the prolonged high youth unemployment rates, the region's top economic policymaker said Thursday. The government will also actively encourage the private Market to adopt the youth employment quota to help generate more po...
- Countries : South Korea
South Korea Country Update - 2013-05-20
- Country news
- 5 days ago
- by Economist Intelligence Unit
Economic structure: Annual indicators 2008 a 2009 a 2010 a 2011 b 2012 b GDP at Industry prices (Won bn) 1,853.8 b 1,672.9 b 1,904.6 b 1,933.4 ? GDP (US$ bn) 13.3 b 12.0 b 12.1 b 12.4 ? Real GDP growth ( %) 3.1 b -0.9 b -0.5 b -0.1 1.1 Exchange rate (av) Won:US$ c 139.0 139.0 156.9 156.1 155.5 Exports (US$ ...
- Countries : South Korea, North Korea
Park Calls For 'grand Labor-management Compromise' To Raise Employment Rate
- Country news
- 6 days ago
- by Yonhap News Agency
SEOUL , 2013-03-20 (Yonhap) -- President Park Geun-hye called Monday for smoother labor-management relations, saying they are a key condition for raising the region's employment rate to 70 %, 1 of her major campaign promises ahead of last year's election. Park said advanced regions like Germany , the Netherlands were able to raise their employment rates based on "stable l...
- Countries : South Korea
S. Korea's Growth Feared To Fall Behind Japan's This Year
- Country news
- May 18, 2013
- by Yonhap News Agency
SEOUL , 2013-05-19 (Yonhap) -- South Korea's economic growth is expected to lag behind that of Japan this year for the 1st time in 15 years largely due to the prolonged economic slump that is crimping its potential to expand, data showed Sunday. South Korea is estimated to grow at an annual rate of 2.6 % this year from a year earlier, while Japan is forecast to advance 2.9 ...
- Countries : South Korea
S. Korea Worries About Continued Trend Of Weak Yen
- Country news
- May 16, 2013
- by Xinhua News Agency
SEOUL , 2013-05-16 (Xinhua) -- South Korea's financial regulator on Thursday expressed worries about rising volatility in the local financial Industry stemming from the continued trend of weak yen. "Possibilities were raised that the persistent weak yen trend , yen carry trading could widen fluctuations in the local financial Industry," Financial Services Commission (FSC) Vice Chairman Jeon...
- Countries : South Korea
South Korea Country Update - 2013-05-15
- Country news
- May 15, 2013
- by Yonhap News Agency
SEJONG, 2013-05-16 (Yonhap) -- The number of men getting married without a job continued to drop last year amid the protracted high unemployment rate among younger generations, data showed Thursday. as reported by the data by Statistics Korea, 18,731 men got married last year without having a job, down 2.6 % from 19,231 tallied a year earlier. This marked a decline for the fifth s...
- Countries : South Korea
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