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Household Debt Grows More Slowly This Year

Source | 2017/11/19 | | Permalink

Household debt is expected to grow just over seven percent this year, the first time in three years that it has increased at a rate of less than 10 percent...More

Each Korean Drinks 366 Cans of Beer a Year

Source | 2017/11/19 | | Permalink

Koreans' alcohol consumption has increased, with per-capita consumption now exceeding 9 liters a year. Per-capita consumption of alcohol by people over 15 stood at 9.14 liters as of 2015, according to a joint study by researchers at St. Mary's Hospital in Uijeongbu and Inje University...More

Most Koreans Say Asian Financial Crisis Was Worst Hardship

Source | 2017/11/19 | | Permalink

Six out of every 10 Koreans believe that the most difficult period for their country was the 1997 Asian financial crisis, according to a survey...More

Amore Pacific to Unveil New Skyscraper Late This Month

Source | 2017/11/19 | | Permalink

Korean cosmetics giant Amore Pacific is set to open its new headquarters in Yongsan late this month...More

UN Promises Peaceful Pyeongchang Winter Olympics

Source | 2017/11/19 | | Permalink

Former figure skater Kim Yu-na makes a speech to promote the 2018 Pyeongchang Winter Olympics at the UN General Assembly in New York on Monday. /Courtesy of UN

The UN General Assembly has adopted a resolution calling for a peaceful passage of the 2018 Pyeongchang Winter Olympics in South Korea...More

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