Households in urban areas have reported shrinking incomes and increasing debts. Three out of ten households have seen their incomes fall from... [Aug.11,2008 13:31 KST]

The Bank of Korea lifted its key interest rate for the first time in a year to contain a surge in consumer prices. The rate hike is expected... [Aug.8,2008 13:36 KST]

South Korea’s foreign exchange reserves fell by more than US$10 billion in a month as the government and the Bank of Korea have actively... [Aug.5,2008 13:17 KST]

The government will invest 700 billion won (US$695 million) to support 720,000 debtors who are in debt to financial institutions. Under the... [Jul.25,2008 13:22 KST]

Surging consumer prices and higher interest rates are taking a toll on low-income households across the nation. Adding to the woes is a fall... [Jul.24,2008 14:46 KST]

The number of female managers and executives in large companies and government-funded enterprises may be increasing, but the glass ceiling... [Jul.24,2008 14:43 KST]

While many economists point out that the government’s handling of higher oil prices and present highs in inflation was inappropriate and can... [Jul.9,2008 13:36 KST]

The government of President Lee Myung-bak has drastically revised its target and direction in economic policies. It downgraded this year’s... [Jul.3,2008 13:19 KST]

The South Korean economy is becoming mired in the swamp of stagflation, wherein rising inflation is being combined with an overall economic... [Jun.30,2008 13:35 KST]

The price hike for steel and petrochemical products has become a more serious problem for Korea than for other countries. Korea lacks natural... [Jun.24,2008 13:36 KST]