Business & Economy
Yoon Suk-yeol’s upcoming pension reform speech promises major changes
Key reforms will likely include tiered contributions and a stabilization mechanism to ensure fund longevity
August 26, 2024
Hanwha Aerospace launches first overseas defense plant in Australia
New facility in Geelong set to produce howitzers and armored vehicles, boosting ROK-Australia defense ties
August 26, 2024
Ethical dilemma looms over South Korea’s booming tear gas trade
Regulatory gaps and economic interests clash with ethical responsibilities as exports to questionable regimes increase
August 23, 2024
Interest rates, COVID surge and corporate hiring shifts — Ep. 35
BOK holds rates amid soaring household debt; COVID cases rise as conglomerates adapt hiring to aging workforce
August 23, 2024
South Korea’s central bank holds rates steady for 13th consecutive time
Household debt at record $1.42 trillion drives Bank of Korea’s decision to hold rates ahead of U.S. Fed action
August 23, 2024
South Korea’s job numbers grew in first quarter but COVID-19 surge casts shadow
Health and welfare job growth reflects demographic trends, but surging virus could derail economic recovery
August 22, 2024
South Korea’s COVID surge unveils cracks in pandemic defenses
Workplace policies and healthcare system strain highlight vulnerabilities as cases rise ninefold since mid-July
August 21, 2024
ROK-Shandong meeting signals Seoul’s intent to improve ties with China
South Korean trade negotiator and Shandong governor explore cooperation in supply chains, investment and new industries
August 21, 2024
Aging workforce threatens to dull South Korean conglomerates’ competitive edge
Chaebol increasingly lean on older workers instead of recruiting new talent, increasing costs and stifling innovation
August 20, 2024
South Korean banks hike mortgage rates amid surging household debt
Despite rate hikes, expectations of higher property prices will likely keep driving loan demand among borrowers
August 20, 2024
