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Economy

Get the latest economic news, market trends, and financial insights from Korea and the world. Stay informed with Breeze in Busan.

Busan City Hosts Public Hearing for "2030 Busan Urban Industrial Area Basic Plan"

Busan City Hosts Public Hearing for "2030 Busan Urban Industrial Area Basic Plan"

Busan Metropolitan City is set to host a public hearing today to gather feedback on the draft of the "2030 Busan Urban Industrial Area Basic Plan." The hearing, which will take place at 3 pm on the first floor of City Hall, aims to gather input from experts

Navigating Economic Challenges: What South Korea Can Learn from Brexit

Navigating Economic Challenges: What South Korea Can Learn from Brexit

As South Korea faces its own political and economic challenges, there are several key lessons that can be learned from the tumultuous and challenging process of Brexit. The first lesson is that the decision to leave the EU was driven by a desire for independence, but in reality, it has

Korea Faces Crucial Challenge in Pursuing Balanced National Development

Korea Faces Crucial Challenge in Pursuing Balanced National Development

South Korea's population has been increasingly concentrated in the Seoul Capital Area (SCA) over the past few decades, leading to overcrowding, high living costs, and a decline in quality of life. The SCA accounts for over half of the country's population and holds most of the

Busan's Drive for R&D Special Zone: A Step Closer to Breaking Ground in 2026

Busan's Drive for R&D Special Zone: A Step Closer to Breaking Ground in 2026

As Busan's vision for a revitalized local economy draws closer, the city is preparing to take an important step towards making it a reality. The Busan Research and Development (R&D) Special Zone project, aimed at building an innovation ecosystem in the shipbuilding and marine industry, is

Korea's Low Youth Employment Rate Due To a Mismatch Between Education and The Labor Market

Korea's Low Youth Employment Rate Due To a Mismatch Between Education and The Labor Market

South Koreans continue to work more than their counterparts in the Organization for Economic Cooperation and Development (OECD). According to OECD data, South Koreans worked 1,915 hours last year, ranking sixth among the 38 OECD member nations. The number of hours was down 10.3% from 2011. Korea'

Korea's aging and population decline may have socioeconomic and environmental benefits.

Korea's aging and population decline may have socioeconomic and environmental benefits.

In many countries, the media frequently portrays stable and declining populations due to demographic aging as a problem or crisis. Smaller populations make for more sustainable societies. Some environmental scientists argue that societies should embrace population aging and decrease, citing numerous reports on the socioeconomic and environmental benefits of population