With most telecom subscribers having only mobile phones, overdue payments are leading to a decline in their credit scores, the Korea Communications Commission said Tuesday. The majority of consumers with unpaid mobile bills are in their teens and 20s, with their credit scores dropping from a high 1 to a low 9. In 2015, the highest number of mobile subcribers with overdue bills were in their 20s - 139,185 cases - which totaled 51.2 billion won ($42.5 million).”Those in their 20s cannot help but r

Korea ranked 31st in the world in terms of quality on gross domestic product data, according to a report released by World Economics, a U.K.-based economic information provider.The Data Quality Index developed by the consulting firm to show which countries data can be trusted covered five factors, including national accounting standards used and the size of the informal economy.Korea gained 75 points in the 100 possible score. Switzerland topped the list with 97.2 points, followed by the United

The total market value of shares held by the top 100 stock-rich people in Korea surpassed the 100 trillion-won ($849.25 billion) mark for the first time last week, according to market researcher Chaebul.comThe data showed that the billionaires held 103. 83 trillion won worth of stocks as of Dec. 30, accounting for 8.3 percent of the total market capitalization.The stock value of the top 100 has been risen steadily over the past several years, to 74 trillion won in 2013 and 92.6 trillion won in 2