인플레이션이 가팔라지면서 일부 가계 재정 지표들이 경고음을 내고 있다. 갈수록 소비자들의 기업 가격 정책에 대한 의구심이 높아지면서, 가격 인상 압력을 받는 소비재 기업들은 고객 신뢰 상실 위험을 고려해야 하는 처지에 놓이게 됐다. 전 세계 23개국 소비자 약 2만3,000명을 대상으로 실시한 ‘딜로이트 글로벌 컨수머 트래커’ 조사에 따르면, 소비자들 중 자신의 저축 수준을 우려하는 비율이 팬데믹 기간 2년 내내 40% 부근에 머물다가…
South Korea’s economic transformation is a familiar story, but it has also produced misperceptions. Large, often family-run, corporations known as chaebols were crucial to catapulting the country’s economy ahead, especially the restructurings, R&D, and fierce competition following the 1997 Asian financial crisis. But since then, South Korea’s economy has continued to evolve in important ways that sometimes go unrecognized. Battle-tested…
INMEDIC, a youth-led startup that promotes social inclusion of foreigners through increased access to local medical services, represented the Republic of Korea at the Regional Youth Co:Lab Summit 2023, jointly organized by Citi Foundation and the United Nations Development Programme (UNDP) in Bangkok from 12 to 14 July. INMEDIC tackles the language, information and cultural barriers that limit access to…
Samsung Electronics and SK hynix will showcase next-generation memory solutions at the world’s largest flash memory semiconductor event in the United States. The two Korean companies will participate in the Flash Memory Summit 2023, which will be held at the Santa Clara Convention Center on Aug. 8-10 (local time), according to industry sources on Aug. 7. While the 2022 Flash…
South Korea’s Ministry of Trade, Industry and Energy has released guidelines that make it easier for domestic companies to assess their own ESG performance. Produced by In recent years, many ESG rating agencies have been established worldwide to guide investors as to where their money is best spent. They use environment-, social-, and governance-related indicators to measure a company’s sustainability….
OVERVIEW In November 2022 South Korea exported $52B and imported $59B, resulting in a negative trade balance of $7.03B. Between November 2021 and November 2022 the exports of South Korea have decreased by $-8.35B (-13.9%) from $60.3B to $52B, while imports increased by $1.64B (2.86%) from $57.3B to $59B. TRADEIn November 2022, the top exports of South Korea were Electrical…
OVERVIEW In 2020, South Korea was the number 10 economy in the world in terms of GDP (current US$), the number 5 in total exports, the number 9 in total imports, the number 37 economy in terms of GDP per capita (current US$) and the number 5 most complex economy according to the Economic Complexity Index (ECI). EXPORTS The top…
Korea – Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. Includes websites and other resources where U.S. companies can get more information on how to take advantage of these agreements. The Republic of Korea and the United States implemented the Korea-U.S. Free Trade Agreement on March 15, 2012. The…