Korea declares road map to become hydrogen industry powerhouse
The government will support businesses with hydrogen technology to enter overseas markets and expand both public and private investments.
Kim Yon-se
South Korea sees inflation expand on hikes in public utility bills
Amid the global inflationary pressure during the normalization process from the Covid-19 pandemic, Korea’s consumer prices marked record-making growth this year.
Inflation, lack of children’s support and pension: reasons why more Korean retirees work: Bank of Korea
According to an analysis on factors of rising employment rate among seniors, the tally for employed people aged 60 or over increased by 2.66 million during the period of…
Amid inflation bill concerns, Korea aims to take 12% in global EV market
The plan was addressed at a meeting attended by chief executives from carmakers such as Hyundai Motor, Kia Motors, and Renault Korea.
Portion of renewables in South Korea’s power generation tops 20% for 1st time
The portion of electricity generated by renewables first outpaced nuclear power generation in Sept last year and has been growing since.
OECD cuts South Korea’s 2023 growth outlook to 2.2%
The Paris-based organisation also expected South Korea's exports and private consumption would post slower-than-expected growth in 2023.
South Korea to have more EV charging, self-driving robots at parks
Policymakers said the action will expand convenience for EV owners and vitalize the EV and charging facility industries.
Red flag raised as Korea suffers all-time high trade deficit
July 2022 was the first time in 14 years that the nation suffered a trade deficit for five consecutive months, since the period of Dec 2007 to April 2008.
More self-employed work alone in South Korea
Korea's self-employed working alone posted an on-year increase for the 42nd consecutive month starting from February 2019.
South Korea’s 2023 budget includes support for soldiers, young parents
The budget bill also includes debt-rescheduling programs for small merchants, who have been hit by the pandemic, and care services for the disabled.