Search results
Results From The WOW.Com Content Network
The South Korean economy of the 21st century, as a Next Eleven economy, is expected to grow from 3.9% to 4.2% annually between 2011 and 2030, [62] similar to growth rates of developing countries such as Brazil or Russia. [63] South Korean President Park Geun-hye at a breakfast meeting with chaebol business magnates Lee Kun-hee and Chung Mong ...
SEOUL (Reuters) -The South Korean won dropped to its weakest level in 15 years on Thursday, weighed down by risk-averse sentiment after the U.S. Federal Reserve's cautious stance on more interest ...
The Korean won, Chinese yuan and Japanese yen were all derived from the Spanish-American silver dollar, a coin widely used for international trade between Asia and the Americas from the 16th to 19th centuries. During the colonial era under the Japanese (1910–45), the won was replaced by the Korean yen which was at par with the Japanese yen.
In an article published in the 2018 Korean Times, the IMF said Korea's income inequality was the poorest among 22 Asian-Pacific countries. In this article, the nation's economic growth is growing fast, but it also talked about inequality in household income due to the difficulty of finding jobs for young job seekers.
June 2 – The 2010 South Korean local elections are held. June 2 – The South Korean government announces that it will spend 11.3 billion won (US$9.3 million) until 2013 to support research on key three-dimensional 3D TV technologies. June 10 – The second launch of Naro-1 ends in failure after 137 seconds when the rocket explodes and ...
After the Korean War, inflation remained high with a 48 percent annual increase in wholesale prices in Seoul from 1954 to 1956. The Korea Development Bank (KDB) was created on April 1, 1954 to rebuild the country, taking over former operations of the Japanese-era Chōsen Industrial Bank , but faced opposition from the Bank of Korea which saw it ...
The Korea Composite Stock Price Index or KOSPI (Korean: 한국종합주가지수) is the index of all common stocks traded on the Stock Market Division—previously, Korea Stock Exchange—of the Korea Exchange. It is the representative stock market index of South Korea, analogous to the S&P 500 in the United States.
In 2018, the minimum wage committee decided to raise the minimum wage in 2018 by 16.4% from the previous year to 7,530 won ($6.65 USD) an hour. This is the largest increase (1060 won) since 2001 (16.8 percent). [13] The effectiveness and feasibility of minimum wage increases are greatly debated topics.