1 in 2 Koreans bought lottery tickets in 2015

One out of two Koreans have bought a lottery ticket in the past year, a survey by a government agency showed Wednesday. The Korea Lottery...

Youth unemployment hits all-time high in 2015

Korea’s youth unemployment rate hit an all-time high in 2015. According to a monthly employment report by Statists Korea on Wednesday, the unemployment rate for...

Looking gloomy

A board at KEB Hana Bank in central Seoul on Monday shows the benchmark Kospi falling below the 1,900 mark for the first time...

Auto industry’s 2015 was mixed

2015 was good for Korea’s auto industry, with domestic sales hitting a record. But the year saw its share of troubles as well. Domestic sales...

When one job just isn’t secure enough

Mr. Lee, a manager at a major construction company in Seoul, works seven days a week. His company job keeps him busy on weekdays....

Seoul’s homeless continue to hold out hope

Christmas carols could be heard all around and salespeople promoted their bargains through bullhorns to catch the attention of passersby. Seoul Station Plaza bustled...

Economic leaders vow reform, growth for 2016

The nation’s economic leaders kicked off the new year by expressing determination in creating structural reforms and securing growth potentials. Choi Kyung-hwan, the outgoing deputy...

Asian markets tumble in 2016

The Asian market, as well as Seoul’s main bourse, was heavily shaken on the first trading day of 2016, raising concerns that the global...

Natural gas to play bigger role in future

The Korean government has decided to expand the use of natural gas to lower the nation’s dependence on crude imports and realize the carbon...

GDP in Gyeonggi surpasses Seoul

Gyeonggi last year overtook Seoul in terms of regional economy for the first time since 1998, when the government started gathering data. According to Statistics...

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