WHO’s Pandemic Declaration Rattles Global Economy 2020-03-16 On March 11, the World Health Organization declared the latest coronavirus outbreak a pandemic, the highest of an alert level that indicates the ... Listen
Rising Demand for ‘Subscription Economy’ Services amid COVID-19 Outbreak 2020-03-09 The fast-spreading COVID-19 virus is changing the daily lives of people in Korea. Schools have postponed the start of the spring semester and many ... Listen
Gov’t Unveils Emergency Economic Measures against COVID-19 2020-03-02 The Korean government has released a package of comprehensive measures to weather the impact of the COVID-19 virus on the economy. On February 28th, ... Listen
Gov’t Puts Policy Priority on ‘Innovative Growth’ in 2020 2020-02-24 On February 17th, four economy ministries in Korea presented their jointly drawn-up plan that puts top priority on boosting growth through innovation ... Listen
Economic effects of Oscar-winning film “Parasite” 2020-02-17 Director Bong Joon-ho’s film “Parasite” won four Oscars at the 92nd Academy Awards held on February 9th (US time) including ... Listen
Consumer Price Growth Hits 13-Month High in January 2020-02-10 South Korea’s consumer price growth in January was back above 1 percent for the first time in about a year, easing concerns that the economy ... Listen
Coronavirus Outbreak Feared to Hurt Economy 2020-02-03 On January 30th, the World Health Organization declared a public health emergency of international concern over the outbreak of the new coronavirus. ... Listen
Korea Aims to Attract 20 Million Foreign Tourists in 2020 2020-01-27 In Korea, this year’s Lunar New Year holiday lasted from January 24th to 27th. According to an analysis of domestic tours during the period, ... Listen
U.S., China Sign ‘Phase One’ Trade Deal 2020-01-20 In a significant step toward easing the 18-month-long trade war between the U.S. and China, U.S. President Donald Trump and Chinese Vice Premier ... Listen
Korean Companies Stand out at CES 2020 2020-01-13 Last week, the eyes of the world were on Las Vegas, Nevada where the Consumer Electronics Show or CES took place. Every year, the world’s largest ... Listen