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Tag: South Korea

Posted on July 6, 2023

Goodbye child care centers, hello elderly homes: South Korea prepares for aging population

Similar crises have been seen in other East Asian countries with falling birth rates. One village in Japan went 25 years without recording a single birth. The arrival of a baby in 2016 was heralded as a miracle, with elderly well-wishers hobbling to the infant’s house to hold him.
Posted on July 6, 2023

American-born teenager Casey Phair included in South Korea’s squad for the Women’s World Cup

South Korea has included American-born teenager Casey Phair as part of its 23-player squad for the Women’s World Cup. The 16 year-old forward, who has a Korean mother and an American father, is the first male or female player of mixed heritage to represent the country as well as the youngest.
Posted on July 5, 2023

CDL buys South Korea’s Nine Tree Premier Hotel Myeongdong II

The freehold 17-storey property was acquired for $143.9m. City Developments Limited (CDL) has acquired the Nine Tree Premier Hotel Myeongdong II in Seoul from Shinhan Nine Tree Real Estate Investment …

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Posted on July 5, 2023

Japan, South Korea should expand mutual economic interests

Japan and South Korea have agreed to resume, after an eight-year hiatus, a currency swap deal under which the two countries will lend each other foreign currencies during financial crises. The …
Posted on July 4, 2023

South Korea Has The Lowest Fertility Rate In The World. That’s Terrible News For Its Economy

Around the world, nations are looking at the prospect of shrinking, aging populations – but none more so than South Korea. Over the last 60 years, South Korea has undergone the most rapid fertility …

( read original story …)



Posted on July 4, 2023

South Korea Trims 2023 GDP, Inflation Forecasts

By Kwanwoo Jun South Korea’s government has trimmed its forecasts for both economic growth and inflation for this year. The Ministry of Economy and …
Posted on July 4, 2023

South Korea Trims 2023 GDP, Inflation Forecasts

By Kwanwoo Jun South Korea’s government has trimmed its forecasts for both economic growth and inflation for this year. The Ministry of Economy and …
Posted on July 4, 2023

‘You can never become a Westerner:’ China’s top diplomat urges Japan and South Korea to align with Beijing and ‘revitalize Asia’

China’s top diplomat has urged Japan and South Korea to foster a sense of “strategic autonomy” from the West and cooperate with Beijing to “revitalize Asia,” amid rising tensions between Beijing and the two neighboring American allies.
Posted on July 3, 2023

South Korea’s POSCO Plans $93 Billion of Investment by 2030

POSCO said in a statement it plans to invest 72 trillion won, or more than 60% of the total amount in South Korea, creating an estimated 330,000 jobs, as it seeks to become a leader in environmentally …
Posted on July 3, 2023

South Korea’s POSCO Plans $93 Billion of Investment by 2030

POSCO said in a statement it plans to invest 72 trillion won, or more than 60% of the total amount in South Korea, creating an estimated 330,000 jobs, as it seeks to become a leader in environmentally …

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