Six out of 10 Koreans have a favorable view of large corporations, according to a survey. The number one expected role of large companies is to create jobs among those surveyed.According to the results of a survey of 1,005 people aged 18 and over on the perception of large companies’ contributions t
South Korea and Japan are set to resume their regular financial supervision meetings, or shuttle meetings, that had been suspended since 2017. Financial Services Commission (FSC) Chairman Kim Joo-hyun plans to visit Japan in early October to discuss expanding financial exchanges. This development co
Of the 1.75 million foreigners living in South Korea in 2022, two out of 10 faced discrimination at shops, restaurants, banks, and workplaces, according to a survey by Statistics Korea.Statistics Korea’s Statistics Research Institute released the results of its analysis on “Foreign Residents’ Lives
The South Korean government’s initiative to issue “Samurai Bonds” has been seen as a signal of enhanced economic cooperation between South Korea and Japan. Following the government’s move to issue Samurai Bonds, there is growing interest in whether South Korean companies will also embark on yen-deno
A Korean Air passenger airplane from Incheon International Airport to Gimhae International Airport failed to land and returned to Incheon, delaying its arrival at Gimhae by about three hours.According to Korean Air on Sept. 2, a Korean Air passenger flight (KE1419) that took off from Incheon Airport
Last year, South Korea reported its lowest birthrate since the initiation of birth statistics in 1970. The average number of births expected in a woman’s lifetime has dropped to 0.7. Annual births have also fallen below 250,000, intensifying concerns about a “population cliff.”According to the birth
The preliminary estimate indicates that in this year’s second quarter, the GDP of the member countries of the Organisation for Economic Co-operation and Development (OECD) grew by 0.4% compared to the previous quarter. South Korea recorded a growth rate of 0.6%, tying with the United States for 10th
The Ministry of Land, Infrastructure, and Transport (MOLIT) announced on Aug. 29 that it will initiate an inspection of the Social Overhead Capital (SOC) projects being undertaken in the Saemangeum region of Jeollabuk-do, or North Jeolla Province. The ministry intends to examine the necessity, feasi
The Korean government is approving the sale of national core technologies to foreign companies, national core technology transfers, or foreign investment in national core technology holding organizations after receiving reports on them. The number of such cases has more than tripled over the last fi
The number of infants aged to 4 in South Korea is unusually small compared to those of other East Asian countries, according to an analysis.Lee Tae-yeol, a senior research fellow at the Korea Insurance Research Institute, said in a report on the severity of South Korea’s declining birthrate through
The Korean government has begun to improve its system to allow more skilled foreign workers to work longer at workplaces in Korea.On Aug. 24, the Ministry of Justice announced a plan to revolutionize work visa regulations in order to drive Korea’s economic growth at the 4th Regulation Innovation Str
K-water has been selected as the implementer for the “Ukraine Uman Smart City Master Plan Establishment Project,” a K-City Network project overseen by the Ministry of Land, Infrastructure, and Transport and the Korea Overseas Infrastructure & Urban Development Corporation, on Aug. 23. This initiativ
Correction 8/23 4:09 p.m. KST: A previous version of this story incorrectly stated that the Federation of Korean Industries had changed its name to the "Korea Businesspeople Association." However, the organization has only changed its Korean-language name. Translating that name change into English m
Samsung, along with SK, Hyundai, and LG, the four major conglomerates, are set to rejoin The Federation of Korean Industries after a hiatus of 6 years and 8 months.According to industry sources on Aug. 20, Samsung, after taking into consideration the recommendation for a “conditional rejoining” from
The key focus of the economic collaboration announced at Camp David between South Korea, the U.S., and Japan is the mitigation of “China Risk.” This cooperative effort is aimed at countering China’s growing influence in high-tech industries by jointly tackling supply chain disruptions and technologi
South Korea’s household electricity rates are 40 percent of Japan’s, making it cheaper compared to the G7 countries, according to a new report.Japan’s Nikkei calculated the 2022 household electricity bills of the G7 countries based on International Energy Agency (IEA) statistics and found that Italy
The Korean government will issue yen-denominated foreign exchange stabilization bonds, also known as samurai bonds, for the first time since the 1998 foreign exchange crisis in Korea. Private investors, including major Japanese banks, are being targeted. They are expected to help Korean companies to
With the increasing utilization of renewable energy sources such as solar and wind power, which generate varying outputs depending on weather conditions, the frequency of “curtailment,” which means generating less power than planned, in nuclear power generation has risen fourfold compared to two yea
Despite a sharp decline in operating profits, the top 50 companies in the stock market (KOSPI) have increased their workforce by more than 13,000 employees.According to the semi-annual reports released on Aug. 16, the combined operating profit of the top 50 companies in the KOSPI index, excluding fi
Japan has reported a 1.5% economic growth rate in the second quarter, significantly outpacing South Korea’s 0.6%. Despite the global economic slowdown, Japan continues its growth streak for the third consecutive quarter. Its stock market has also reached its highest level in 33 years, indicating a r