Asia Pacific Aug 24, 2022
South Korea shatters its own record for world’s lowest fertility rate
South Korea is the world’s fastest-aging nation among economies with GDP per capita of at least $30,000.
South Korea is the world’s fastest-aging nation among economies with GDP per capita of at least $30,000.
Shoppers have left no stone unturned in looking for ways to save on food, and that includes standing in hourslong queues to buy discounted poultry.
Yellen called on "trusted” U.S. allies to strengthen trade relationships disrupted by the pandemic, the war in Ukraine and threatened longer term by a reliance on China.
The news will add to the pressure on the Bank of Korea to consider an outsized interest-rate hike next week
"It’s high time to have a fresh look at bilateral relations and forge forward-looking, more constructive relations between Korea and Japan,” South Korean Trade Minister Yeo Han-koo said.
South Korea’s trade figures offer a timely assessment on the health of global commerce as its manufacturers are positioned widely across supply chains.
The country has now recouped more than 80% of the positions lost during the COVID-19 crisis, its finance ministry said in a statement.
The government has shifted its policy focus away from reversing population decline and toward finding a way to live with it.
Samsung Electronics and SK Hynix will lead more than 510 trillion won of investment in semiconductor research and production in the years to 2030 under a national blueprint devised by Moon.
While people will have to increase their adaptability to work in a fast-changing high-tech environment, policymakers will also need to play their part, the minister said.