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September, 28, 2016

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Business > Asia > Korea
South Korea's jobless rate rose to a five-year high in February as more college graduates and cash-strapped retirees flooded the increasingly tight job market, state data showed Wednesday.
 
South Korea's central bank made a surprise quarter-percentage point cut to its benchmark interest rate on Thursday, taking it to an all-time low of 1.75 percent, reflecting continued concerns over deflation and the pace of growth.
 
South Korea's inflation hit its lowest level in more than 15 years in February owing to slumping oil prices, state data showed Tuesday, fuelling concerns about deflation in the country.
 
Samsung Electronics will add more style to its upcoming smart watch as the new device is rumored to have a round watch face abandoning the rectangular display panel used in its predecessors.
 
South Korea's hotel scene is welcoming a new breed of players. Offering no-frills rooms and basic guest services at a relatively affordable price, budget hotels are springing up in Seoul's tourist-heavy neighborhoods of Myeong-dong, ...............
 
South Korea posted a record current account surplus for two straight years thanks to robust exports of technology products, state data showed Monday.
 
Sales of CCTV cameras have increased sharply after the government unveiled its plan to require all day care centers to install the surveillance devices, officials said Sunday.
 
South Korea's economy registered its slowest growth for more than two years in the fourth quarter, the Bank of Korea (BOK) said Friday, underlining recovery concerns despite record low interest rates.
 
South Korea's central bank on Thursday slashed its 2015 economic growth forecast and kept its benchmark interest rate unchanged at a record low amid growing concerns of deflation.
 
South Korean builders are expected to expand investment into the world's emerging markets this year as they seek ways to sustain growth amid tough market conditions in the Middle East, which previously was the top client for the industry.
 
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