South Korea economy : koreaportal

Tag : South Korea economy

Feb 19, 2016 AM EST - Dalal Nasif

Expert Says North Korea Rocket Launch Likely To Have Minimal Impact On The Economy of South Korea

Experts believe that despite North Korea’s attempt to scare off the South by its nuclear and long-range missile launches, the South’s economy will steer clear away from the said provocations and will instead backfire to the North.

Feb 18, 2016 AM EST - Dalal Nasif

South Korea's Revenue From Overseas Construction Industry Plunges Due To Low Oil Prices

The drop in oil is felt hard by South Korea’s construction companies with projects lowering to 30 percent from last year. The oil price per barrel is further forecasted to go down half of its low price at the present this 2016.

Jan 19, 2016 AM EST - Jean Marie Abellana

South Korean Consumers Are Eyeing Cars With Larger Engines To Take Advantage Of The Oil Price Drop

While the prices of international oil have been falling since last year, more Koreans perceived this downward trend as an opportunity to look for bigger cars with more powerful performance.

Sep 28, 2015 AM EDT - Therese Agcopra

South Korea's Consumer Sentiment and Services Hiring Make Strong Rebound Post MERS Outbreak

Consumer confidence in South Korea is gradually improving as the country recovers from the effects of the MERS Outbreak in June.

Aug 06, 2015 AM EDT - Dana Marie

MERS Boosts South Korea’s Online Retail Sales in June

Data has shown that it wasn’t that bad during the MERS crisis. Online retail sales in June have increased by 26% compared to the same period last year, while mobile phone shopping has spiked by almost 80%.

Jul 28, 2015 AM EDT - Dana Marie

South Korea’s GNI Experiences Low Growth

The Organisation for Economic Co-operation and Development (OECD) has forecasted that South Korea’s per capita income would take 17 years to reach $40,000 if low growth continues.

Jul 27, 2015 AM EDT - Dana Marie

Major Shipyards in South Korea Are Struggling

The plan to venture into offshore oil rigs doesn’t seem like a good idea now that major shipyards in South Korea are barely keeping up with debt payments and could lose billions of dollars.