Saturday, January 12, 2013
South Korea's central bank cut its forecast for the country's economic growth this year due to slower corporate investment and uncertainties about the global economy.
Thursday, January 10, 2013
South Korea's overall unemployment rate remained steady at 3 percent in December, as growth in the number of people finding jobs slowed from the previous month, official data showed Wednesday.
Thursday, January 3, 2013
Only about half of new firms in the country survive through their first two years, data from Statistics Korea showed. The smaller they were the faster they perished.
Wednesday, January 2, 2013
South Korea's parliament approved a 342-trillion-won (US$319.45 billion) government spending plan for 2013 in the early hours of Tuesday, after disagreement between the two major parties pushed talks past a notional midnight deadline.
Tuesday, January 1, 2013
South Korea's inflation rate slowed to a fourth-month low in December, government data showed Monday, giving the central bank more monetary room to help boost the economy.
South Korea's President-elect Park Geun-hye rubbed shoulders with the nation's corporate sector last week, in a crucial meeting which many said was held in a tense atmosphere due to her economic democratization pledges.
Saturday, December 29, 2012
South Korea's current account surplus rose to a record high in November, placing upward pressure on the won which has already risen more than 10 percent against the dollar since May.
Friday, December 28, 2012
North Korea's trade with China has nearly tripled since 2007, data published by South Korea showed Thursday, underlining the isolated state's deepening dependence on its only major ally.
The South Korean government on Thursday slashed the nation's growth outlook for 2012 and 2013, citing the eurozone debt crisis and U.S. fiscal woes that continue to dampen global demand.
Wednesday, December 26, 2012
South Korea's import car market is enjoying a heyday, with foreign carmakers, largely led by the popularity of German brands, continuing to post record sales in recent years.