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South Korea's food inflation surges to third-highest in OECD

South Korea's food inflation surges to third-highest in OECD Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.

Korea's food inflation surges to third-highest in OECD

South Korea's food inflation spiked to 6.95 percent in February, the third-highest among member countries of the Organization for Economic Cooperation and Development. The OECD statistics for February announced Sunday reveal that Korea ranks third among 38 OECD member countries in terms of food and non-alcoholic beverage inflation, trailing only Turkey with 71.12 percent and Iceland with 7.52 percent. This marks.

Finance, Health Care and Real Estate Lead Decade of Service Industry Growth in South Korea

Young Koreans Hope for Dull, Stable Jobs

Employment Grows Faster in April

May 13, 2021 09:37 Employment increased at the fastest rate in six years and eight months last month amid signs that the economy is starting to emerge from the coronavirus doldrums. Employment had been dropping for 12 straight months since March 2020 but shifted to growth this March. Statistics Korea said Wednesday that the number of employed people increased by 652,000 on-year to 27.21 million or 60.4 percent. That was the biggest growth since August 2014. A woman looks at a job bulletin board in an employment office in Seoul on Wednesday. /Newsis Although employment remains below pre-COVID-19 levels of 60.8 percent in April 2019, the government said a recovery is becoming more apparent.