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News
BOK projects Korea per-capita income to top $40,000 on chip boom
4+ day, 20+ hour ago (336+ words) Korea's gross national income (GNI) per capita is likely to top $40,000 for the first time this year, the Bank of Korea projected. The analysis said the goal is achievable if strong semiconductor exports continue through the end of the year…...
Semiconductor rebound lifts South Korea growth and real income in Q2
5+ day, 26+ min ago (11+ words) Semiconductor boom lifts South Korea growth, real GNI surges - CHOSUNBIZ Chosunbiz...
KDI warns flat real wages stall South Korea’s consumption recovery
5+ day, 20+ hour ago (375+ words) CHOSUNBIZ Chosunbiz KDI warns flat real wages stall South Korea's consumption recovery Muted wage gains curb household spending despite stronger exports and investment, kdi notes Korea Development Institute (KDI) on the 7th, in its "Economic trends September issue," assessed that "despite…...
South Korea boosts SME growth with record 18 trillion-won 2027 budget
1+ week, 4+ day ago (13+ words) CHOSUNBIZ Chosunbiz...
Korea boosts regional growth with 50% refunds for large non-capital investments
1+ week, 4+ day ago (13+ words) CHOSUNBIZ Chosunbiz...
Lee administration drives record spending as tax surge lifts South Korea’s budget
1+ week, 4+ day ago (366+ words) Debt climbs toward 1,734 trillion won even as tax windfall fuels fastest spending surge in years ◇ Lee administration's expenditure to rise an average 8.4% over five years, topping the past 20-year average The Ministry of Planning and Budget said on the 1st it…...
South Korea posts 17.8% tax revenue surge on bonuses, consumption and trades
1+ week, 5+ day ago (209+ words) CHOSUNBIZ Chosunbiz South Korea posts 17.8% tax revenue surge on bonuses, consumption and trades Finance ministry says tax take hit 274 trillion won by July as bonuses, spending and trading lifted receipts The Ministry of Finance and Economy said on the 31st that…...
Korea holds output flat as consumption falls but investment surges
1+ week, 5+ day ago (158+ words) Spending retreats while ship and chip investments buoy activity despite weak services Industrial production in July stayed at the same level as the previous month, while consumption turned downward. Manufacturing output rose slightly, but service output fell sharply. In contrast,…...
Semiconductor boom lifts Korea’s surplus but widens income gap and cuts real pay
1+ week, 6+ day ago (15+ words) CHOSUNBIZ Chosunbiz...
South Korea banks lift BIS capital ratios as FSS urges vigilance
1+ week, 6+ day ago (13+ words) CHOSUNBIZ Chosunbiz...