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South Korean companies suffering heavy losses due to THAAD retaliation

Firms are being forced to sell off or restructure their Chinese businesses ....

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Semiconductor market will rise in 2024, experts say

By AsiaToday reporter Park Ji-eunExperts say that the manufacturing industry, led by semiconductors, is expected to grow sharply in January, accelerat.. ....

Pusan Gwangyoksi , South Korea , Korea Institute For Industrial Economics Trade , Korea Institute , Industrial Economics , Samsung Electronic ,

Chip industry's exports on track for recovery

Korea s chip industry is on track for a recovery in exports, data showed, Tuesday, fueling optimism that it could help the country’s entire manufacturing industry gain momentum given that chips have been the top sales item abroad. ....

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Manufacturing sector loses momentum as job creation declines

Manufacturing jobs in the second quarter of 2023 accounted for 15.5 percent of jobs across all industries in Korea, a record low for the past 10 years, as export growth decelerates and the population shrinks at a faster pace, data showed on Monday. ....

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Jobless, indebted twentysomethings further darken Korea's economic outlook

More Koreans in their 20s are struggling with debt and are relying on the government to write off their arrears, while it is getting tougher to land jobs. Such challenges faced by young Koreans are adding to concerns of an economic slowdown, as the demographic group is a valuable component of the nation s workforce in the midst of a rapidly growing aged population, according to experts. ....

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