With the president and his acting successor impeached, the economy shaky, and the nation in mourning, it’s time for the Bank ...

While the state played a strong role in South Korea’s development, the state itself underwent a push for reforms in terms of ...

SEOUL--South Korea’s central bank on Thursday lowered its key policy rate for the second straight month and said the country’s economy will grow at a slower pace than it initially anticipated.

Surprisingly, the report identified 34 economies that escaped the middle-income trap and achieved high-income status between ...

Many Koreans are pessimistic about the future, which reflects the intense competition that defines their lives, from education to employment.

South Korea’s headline inflation rose 1.9% for December, above expectations, but largely sluggish domestic demand still kept ...

The World Bank report highlights how strong institutions, innovation, and effective governance drive middle-income countries ...

World Bank pledges $12 million for Vanuatu earthquake relief. Marking the 20th anniversary of the deadly Aceh tsunami. First ...