KoreaTimes - Economy

The Korea Times

The Korea Times

The Korea Times

Finance

Economy

Wed, October 4, 2023 | 18:29

Online shopping up 9.1% on soaring travel demand

Online shopping up 9.1% on soaring travel demand

Online shopping in Korea increased 9.1 percent on-year in July from a year earlier, data showed Monday, as the demand for travel services continues to recover to pre-pandemic normalcy.

2023-09-04 14:22

Korean economy on verge of recovery: finance minister

Korean economy on verge of recovery: finance minister

The Korean economy is on the verge of recovery despite some monthly volatility, the finance minister said Monday, with exports showing continued signs of improvement.

2023-09-04 10:02

Quarter of YouTuber revenue in Korea goes to top 1%

Quarter of YouTuber revenue in Korea goes to top 1%

Almost a quarter of all revenues of YouTubers and one-person content creators in Korea went to those in the top 1 percent bracket, data showed Sunday. According to National Tax Service data submitted to Rep. Han Byung-do of the main opposition Democratic Party of Korea, one-person creators - including YouTubers - reaped a total revenue of 858.9 billion won ($650 million) in 2...

Lee Min-hyung | 2023-09-03 15:58

Korea sees little impact from China's real estate crisis: minister

Korea sees little impact from China's real estate crisis: minister

Korea's finance minister said Sunday the country expects "no direct impact" from China's real estate crisis on the Korean economy.

2023-09-03 14:51

AI, digitalization strengthen calls to introduce basic income

AI, digitalization strengthen calls to introduce basic income

“It is one of the most completely ridiculous ideas I have heard in a long time,” said the former Finance Minister of Iceland, Bjarni Benediktsson. The former Prime Minister of New Zealand John Key called it “barking mad.”

Lee Yeon-woo | 2023-09-03 09:59

Presidential office allays fears of imminent economic crisis

Presidential office allays fears of imminent economic crisis

The presidential office on Friday allayed concerns that Korea faces an imminent economic crisis, possibly as early as this month, by pointing to data indicating what it projected to be a marked rebound in the second half of this year.

Nam Hyun-woo | 2023-09-01 18:18

Pension reform proposal sparks public outcry

Pension reform proposal sparks public outcry

A national advisory committee on pension reform drew criticism, Friday, after proposing a hike in the pension premium rate, while delaying the age retirees receive payouts. The committee, which operates under the wing of the National Pension Service (NPS), was also skewered for proposing that the amount of receivable pensions after retirement remains unchanged.

Yi Whan-woo | 2023-09-01 17:01

Korea's exports down for 11th month in August on weak chip demand

Korea's exports down for 11th month in August on weak chip demand

Korea's exports fell for the 11th consecutive month in August due mainly to weak demand for semiconductors and petroleum products, but the country reported a trade surplus for the third straight month, the industry ministry said Friday.

2023-09-01 09:32

Drops in production, investments, spending cast shadow over Korean economy

Drops in production, investments, spending cast shadow over Korean economy

Three key indicators of industrial productivity - factory output, retail sales and facility investments - all retreated last month, data showed on Thursday, casting a dark cloud over an economic recovery in the second half of this year.

Yi Whan-woo | 2023-08-31 17:06

Tax revenue down $32.7 bil. through July amid lower corporate earnings

Tax revenue down $32.7 bil. through July amid lower corporate earnings

Korea's tax revenue decreased 43.3 trillion won ($32.7 billion) on-year through July this year, data showed Thursday, due to sluggish corporate earnings and a property market slump.

2023-08-31 11:56

11 12 13 14 15 16 17 18 19 20

Top 10 Stories

1	Public transit fares to increase in Seoul and Busan this week

2	Ruling party vows to investigate China's alleged influence operations

3	Genesis GV80 Coupe looks to compete with Mercedes-Benz, BMW

4	Korean steelmakers on alert over initiation of EU carbon border tariff

5	30 out of 74 major financial companies lack female board member

6	Korean shipbuilders seek lead over Chinese rivals in selling LNG carriers to Qatar

7	Hyundai, Kia to extend earnings rally on strengthening dollar, solid sales

8	Lawmakers want chairmen of financial firms held accountable over misconduct

9	Dong-A Socio Group’s honorary chairman passes away at 96

10	Returning home from Chuseok holiday

DARKROOM