September 25, 2024

Number of people changing residences falls to lowest in 48 years

The number of South Koreans who moved to different residences in the country last month fell to the lowest level in nearly 50 years, data showed Wednesday.

Around 511,000 people changed residences in August, down 5.1 percent from a year earlier, acc…

OECD cuts S. Korea’s 2024 growth outlook to 2.5 pct

The Organization for Economic Cooperation and Development (OECD) slashed the growth outlook for the South Korean economy to 2.5 percent this year, Seoul’s finance ministry said Wednesday.

The latest figure marked a 0.1 percentage point fall from its…