Korea’s food prices highest among OECD nations; utility bills at bottom
South Korea’s food prices were found to be the highest among the Organization for Economic Cooperation and Development (OECD) countries last y...
OECD sharply revises up S.Korea GDP forecast after strong Q1
The Organisation for Economic Co-operation and Development (OECD) forecasts South Korea’s economy to expand at a faster pace than it previousl...
S.Korea should cut inheritance, gift taxes to OECD levels: SME lobby chief
South Korea, which imposes some of the highest inheritance and gift taxes on businesspeople among the Organization for Economic Cooperation and Deve...
Koreans work longer hours than OECD average? Not in some sectors
South Korea has had notoriously long working hours for decades.Long hours – alongside high levels of education and an increase of women in the...
Amazon bets big on Korea digital transition with new spending
Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, said on Wednesday it will nearly triple its investment in South Korea t...
S.Korea’s public spending on maternity, child care falls short of OECD average
South Korea’s government budget for tackling the nation's low birth rate has risen to 2.25% of GDP, but housing support accounts for a major p...
Hyundai Motor signs MOU with OECD's International Transport Forum
Hyundai Motor Co. joined hands with the International Transport Forum under the Organization for Economic Cooperation and Development to strengthen ...
OECD cuts Korea's economic growth forecast for next year to 1.8%
The Organisation for Economic Development and Co-operation (OECD) has cut its forecast for South Korea's economic growth next year to 1.8%, down fro...
Finance ministry stresses need to reduce maximum corporate tax rate
A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...
S.Korea to raise nuclear power to one third of energy supply
South Korea plans to increase its proportion of nuclear power to 33% of the country’s energy generation by 2030, while slashing its proportion...
Hana, ECP signs $300 mn infra investment partnership
South Korea's Hana Financial Investment Co. has signed a $300 million strategic partnership with US energy infrastructure-specialized firm ECP to in...
OECD upgrades Korea’s growth outlook to -0.8%, mildest among member countries
South Korea's economy is likely to shrink less than expected this year, thanks to its successful response to the coronavirus pandemic, according to th...
Samsung Group units in forming $443 mn fund to buy OECD building in Paris
An investment firm of South Korea’s Samsung Life Insurance Co. Ltd is forming a blind-pool real estate fund worth around 500 billion won ($443 milli...
