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Reporter : Yoon Ja-young
Mon, August 8, 2022 | 07:05
Korea needs to fix income-led growth strategy
While the faltering job indices are pulling down President Moon Jae-in's approval rating, the administration seems to have lost a clue where it should begin. Economists agree it should modify the income-led economic growth strategy which was basis of the steep minimum wage hike.
ABL Life unveils insurance for diabetes, hypertension
Diabetes, hypertension and cardio-cerebrovascular diseases are common these days, but it isn't easy for those with such problems to prepare for the future with insurance.
FTC gives up exclusive right to file cases
The Fair Trade Commission (FTC) has agreed to give up its exclusive rights to file complaints about antitrust cases, such as price collusion or supply restriction.
Finance minister signals major policy shift to revive sagging job market
The finance minister said Sunday that the government will consider modifying economic policies if necessary to cope with deteriorating job market figures.
Job crisis may delay BOK's rate hike
The central bank is unlikely to hike its key interest rate in the coming months due to a worsening job crisis. The Bank of Korea (BOK) had signaled that it would raise the key rate either in August or September, with the interest rate gap between Korea and the United States widening.
Students honored for promoting Korean culture abroad
The World Korean Foundation announced Friday that it has designated student ambassadors to promote Korean culture abroad.
Finance minister needs more authority
Economy and Finance Minister Kim Dong-yeon is known as a man who acts according to his convictions. He doesn't try to curry favor by deserting policies he thinks are right.
Gov't fails to curb Seoul apartment prices
Despite a series of anti-speculation measures, the government seems to have failed to curb apartment prices in key areas of Seoul. Analysts expect further increases in the latter half of the year as new apartments in Seoul have become “rare items.”
Unauthorized inter-Korean coal trade confirmed
South Korea received 6.6 billion won ($5.86 million) worth of North Korean coal and pig iron, of which the country of origin was fabricated, the nation's customs agency said, Friday. Cheong Wa Dae said there is no conflict between South Korea and the U.S. regarding the issue as the two countries are coordinating closely with mutual trust.
Korea to nurture 'platform economy'
The government will expand investment into the “platform economy,” as a part of efforts to attain innovative growth through bold regulatory reforms, the country's finance minister said Thursday.