Among the member countries of the Organization for Economic Cooperation and Development (OECD), the South Korean won was revealed to be the fifth most undervalued, while among the Group of Twenty (G20) nations, it ranked as the fourth most undervalued.According to the Bank for International Settleme
Lee Boo-jin, CEO of Hotel Shilla, is selling her 5,247,140 shares of Samsung Electronics through off-hours bulk trading, commonly known as block deals. The CEO has consistently been divesting stakes in Samsung Electronics and its affiliates to secure funds for hefty inheritance tax payments.Accordin
Korea’s inheritance tax is too high compared to G7 countries, leading to the Korea discount (the undervaluation of the Korean stock market) and discouraging investment, according to a proposal to adjust it to a reasonable level in this year’s tax law revision.“Over the past 30 years, G7 countries ha
Only 14 percent of South Koreans work in large companies, versus 58 percent of Americans.Koh Young-sun, a senior research fellow at the Korea Development Institute (KDI), presented this statistic in a report titled “A Need for More Large-Company Jobs” released on Feb. 27, emphasizing the need to exp
South Korea has climbed to the third highest position among the Organization for Economic Cooperation and Development (OECD) countries in terms of the proportion of corporate taxes to the Gross Domestic Product (GDP), marking the highest level in the last 50 years.According to the report “Current St
The Korea Development Institute (KDI) has maintained its economic growth forecast for South Korea at 2.2 percent for this year. However, it has slightly lowered its forecast for private consumption, citing prolonged high interest rates as a contributing factor.According to the “Economic Outlook” rel
The share of long-time workers among all wage earners in South Korea has plummeted from its previous value to the average level of Organization for Economic Cooperation and Development (OECD) member countries, according to a survey. In particular, the proportion of wage earners who work more than 60
A report has emerged stating that the level of maternity and childcare leave provided by domestic companies in South Korea ranks fifth among 38 countries in the Organization for Economic Cooperation and Development (OECD). However, despite the increase in the number of individuals taking childcare l
The Organization for Economic Cooperation and Development (OECD) has raised its global economic growth forecast for this year, but lowered its economic growth forecast for South Korea. While the organization said that global trade markets such as markets of semiconductors and information technology
Cho Dong-chul, the president of Korea Development Institute (KDI), publicly issued a stark warning on government debt, going so far as to state, “The country will collapse.” In particular, he cautioned that South Korea’s national debt-to-gross domestic product (GDP) ratio could skyrocket to over 250
In South Korea, the prolonged phenomenon of an “ultra-low birth rate” is threatening the sustainability of its population and the very foundation of national existence.A recent column in The New York Times, titled “Is South Korea Disappearing?,” has raised alarms about the speed of population declin
Samsung Electronics, once the world’s No. 1 research and development (R&D) company, has slipped to seventh place. The number of Korean companies in the top 2,500 global R&D companies has also dropped.Samsung’s R&D investment in 2022 amounted to 18.435 billion euros (US$20.083 billion), pulling down
WASHINGTON—In advanced industries such as computers and electronics, motor vehicles, and machinery and equipment, South Korea’s economy is 77 percent stronger than the relative global average, ranking second behind only Taiwan, according to a new report from the Information Technology and Innovation
McKinsey & Company released an economic diagnosis report titled “Korea’s Next S-Curve” on Dec. 11. This report comes ten years after the firm’s previous report titled “Beyond Korean style: Shaping a new growth formula,” suggesting that the South Korean economy has reached its growth limits.In its re
The International Monetary Fund (IMF) has warned the Korean economy that it will fall in a low-growth slump for the next five years if it does not take proper steps to reform its structure now.According to an analysis of the IMF’s recently released annual report on Korea, the country’s gross domesti
Seven Korean companies, including LG Electronics, Lotte Chemical and Samsung Fire & Marine, have joined RE100 this year, bringing the total number of Korean companies to 34, according to the U.K.-based Climactic Group on Nov. 3.This means that Korea has the fourth-most number of companies after the
Following the pandemic, South Korea remained in the middle to lower range in terms of growth rates among advanced economies. However, it ranked higher in terms of price stability indicators. This suggests a ‘trade-off’ between investment-led growth expansion and tight fiscal policy.According to the
A large number of young venture startup CEOs in their 30s and 40s believe that the current inheritance tax should be abolished or lowered, according to a survey.On Oct. 29, the Korea Enterprises Federation (KEF) conducted a survey on the perception of Korea’s inheritance tax system among 140 venture
The International Monetary Fund (IMF) has praised South Korea’s sound fiscal policies, stating that the country’s national debt is at an appropriate level. However, the IMF has also expressed concerns about the high levels of household debt in South Korea.According to the transcript of a press brief
A forecast suggests that South Korea’s potential growth rate will fall below 2 percent for the first time this year and is expected to further decrease to 1.7 percent next year. The factors contributing to the decline in growth rate include issues related to low birth rates, an aging population, and