How U.S-China Tech War may Influence Korean Chip Industry 2020-05-25 A tug-of-war between the U.S. and China is showing no signs of coming to an end. The conflict between the two countries is escalating further, as the ... Listen
Korea Considers Expanding Employment Insurance to All Workers 2020-05-18 South Korean President Moon Jae-in says that his government will lay the foundation for a universal employment insurance system to cover all working ... Listen
Manufacturing Powerhouse S. Korea Expected to See V-shaped Recovery in Post-COVID-19 Period 2020-05-11 The International Monetary Fund has forecast that the global economy this year will experience the worst recession since the Great Depression ... Listen
Golden Holiday, Extra Budgets Raise Hopes for Economic Recovery 2020-05-04 Korea’s consumer confidence is showing signs of recovery from the COVID-19 recession. The long holiday early this month, disaster relief ... Listen
Unprecedented Plunge in International Oil Prices 2020-04-27 Last week, international oil prices plummeted below zero for the first time in history. On April 20, West Texas Intermediate for May delivery closed ... Listen
IMF Slashes its 2020 Global Growth Forecast 2020-04-20 In its World Economic Outlook presented on April 14, the International Monetary Fund forecast that the global economy will post negative growth ... Listen
March Exports Report Mixed Results 2020-04-13 The COVID-19 pandemic has influenced Korea’s outbound shipments both positively and negatively. Despite the worldwide spread of the virus, ... Listen
Gov’t to Provide ‘Disaster Relief Money’ to Households 2020-04-06 In an unprecedented move, the South Korean government has decided to provide an emergency disaster relief funds to help people weather the economic ... Listen
Special Law on Materials, Parts and Equipment to Take Effect 2020-03-30 A law on key industrial materials, parts and equipment will take effect on April 1st. The special law was revised last year to respond more effectively ... Listen
COVID-19 Outbreak Puts ‘Smart Work’ to the Test 2020-03-23 The COVID-19 outbreak is changing the workplace landscape in Korea. An increasing number of companies are allowing their employees to work from ... Listen