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Gov t to tighten belt further to improve fiscal health

The government will allocate a budget of 200 billion won as a subsidy for foreign direct investment here in 2024, a move to help facilitate more capital inflow, particularly in the.

Birmingham-Hoover metro area has lowest unemployment rates in the country

Governor Kay Ivey announced the news Wednesday that they came in at a 1.8 percent unemployment rate. Hoover Mayor Frank Brocato said, it’s all because of their educated and diverse workforce.

OECD slashes Korea s growth forecast to 1 8% for 2023

The Organization for Economic Cooperation and Development (OECD) lowered its growth forecast for Korea next year to 1.8 percent, Wednesday, down from its previous outlooks of 2.2 percent in September and 2.5 percent in June. The 2023 outlook for Asia s fourth-largest economy contrasts with a global economic growth forecast of 2.2 percent. The Paris-headquartered OECD assessed that the protracted war in Ukraine triggered the worst energy crisis since the 1970s, which in turn, is pushing prices up while slowing down economies around the world.

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