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Korea trapped in state of declining productivity

Koreans work longer hours than most of the Organisation for Economic Co-operation and Development (OECD) members but earn less in return. This disparity, exacerbating the nation s lagging economic growth, is adding to calls for the government to take decisive actions to address diminishing productivity.

South koreaKim ji yeonSuh young kyungKorea development instituteNational assembly budget officeOrganisation for economicKorea economic research instituteEconomic co operationChoo kwang hoWorkforce productivityEconomic growthLow birthrateAging populationForeign workerSouth koreaHe korea times

S Koreans Demand Improved Weather Forecasting Accuracy: Report

S Koreans Demand Improved Weather Forecasting Accuracy: Report
koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.

South koreaSoult ukpyolsiPeople power partyKorea meteorological administrationCivil rights commissionNational assembly budget officeSeoul forestKorea bizwireLee ju hwanCivil rights

Sustainable population policy for sustainable growth

On July 25, the International Monetary Fund (IMF) released its updated World Economic Outlook. It adjusted the global economic growth rate upward to 3 percent from 2.8 percent in its April forecast. The growth rate of the Korean economy for the same period was revised down to 1.4 percent, a decrease of 0.1 percentage point from the April forecast of 1.5 percent. Last year, the global share of the Korean economy fell to 1.7 percent, dropping to 13th from the previous 10th position. It is predicted to decrease to 1.6 percent by 2028.

United statesSouth koreaInternational monetary fundKorea national assembly budget officeWorld economicNational assembly budget officeEmocrgaphic issuesSustainable policySouth koreaHe korea timesOrea timesOrean news in english

China s Role in Shaping South Korea s Nuclear Choice > Articles

Given China’s concerns about efforts to ‘contain’ it, greater US and South Korean engagement with Beijing about North Korea’s threat could offer a way out.

United statesChen kangZhu fengSoult ukpyolsiSouth koreaUnited kingdomNorth koreaP yongyang siSouth koreanNorth koreanJoe bidenLiu haishengLi kaishengChen yueChen zishuaiByun jae yeon

Hope for recovery in 2nd half remains in doubt due to continued trade deficit

A protracted trade deficit driven by plummeting exports to China is raising doubts over whether the Korean economy will bounce back in the second half of this year as initially predicted by the government. Asia s fourth-largest economy posted a 13-month-long trade deficit as of March ― the longest streak since 1997 when it was in the middle of the Asian financial crisis, according to the Korea Customs Service.

Soult ukpyolsiSouth koreaYoon suk yeolKorea customs serviceUniversity of seoulKorea economic research instituteKorea development instituteNational assembly budget officeBusan portKorea customsLee sang hoDeputy prime ministerFinance choo kyung hoDevelopment instituteTrade deficitExports korea