With the right policies to reduce the gender gap in number of hours worked to the average across peer countries, Korea could increase its per capita income by 18 percent, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday.
Korea will discuss with Japan re-establishment of their bilateral foreign exchange swap line that expired in 2015, its finance minister said on Thursday.
Business associations are demanding the government take further steps in expanding overtime limits to help employers better meet production needs under the broader context of labor.
The government will provide a bigger tax credit rate of 15 percent for conglomerates investing in semiconductor facilities and the tax incentive for small and medium-sized enterprises (SMEs) will also rise to 25 percent, the Ministry of Economy and Finance said Tuesday.
The main opposition Democratic Party of Korea (DPK) on Thursday called on Gangwon Province governor to step down over a debt default linked to the Legoland theme park project. .