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South Korea jobless rate unchanged at 3.5pc in October SEOUL: South Korea's unemployment rate remained unchanged in October but the number of young people out of work eased slightly, government data showed Wednesday. The seasonally adjusted jobless rate stood at 3.5 percent for the second straight month, Statistics Korea said.Unemployment among those aged 15-29 stood at 8.0 percent, down 0.5 percentage points from a month earlier.The number of employed people came to 25.95 million in October, up 406,000 from the same month last year."A drop in the number of jobs in the farming sector continued as job creation in the service, manufacturing and retail industries slowed down," Statistics Korea said. Copyright AFP (Agence France-Presse), 2014 ...

North Korea attacks South's rights 'abuses' in ferry case SEOUL: Under growing pressure at the United Nations over its human rights record, North Korea has accused rival South Korea of its own "crimes against humanity" over the Sewol ferry tragedy.Just hours after a South Korean court on Tuesday sentenced the captain of the Sewol to 36 years, the North issued a report "indicting" the South for "hideous crimes" and rights abuses in its handling of the disaster that killed more than 300 people.The report ...
Abbott says G20 must prove its relevance in Brisbane SYDNEY: Australian Prime Minister Tony Abbott Tuesday said G20 leaders must prove the forum remains relevant by producing concrete outcomes from their summit this weekend, warning against "hiding behind lofty words".The world's most powerful economies have a patchy record in delivering anything meaningful from their annual meetings but Abbott, as 2014 host, said he wanted that to change in Brisbane."Collectively, there is much work to do," he said in an opinion piece for the Australian ...
US, China reach 'understanding' on cutting IT tariffs: White House BEIJING: The United States and China have "reached an understanding" on an agreement to reduce tariffs on information technology trade, the White House said in a statement Tuesday.Washington hoped the move would "contribute to a rapid conclusion" of negotiations in Geneva on the World Trade Organization's first major tariff-cutting deal in 17 years, President Barack Obama told leaders gathered for an Asia-Pacific summit in Beijing, the statement said.The Information Technology Agreement (ITA) took effect in ...
South Korea halts search for bodies from sunken ferry SEOUL: South Korea on Tuesday finally called off the search for bodies from the sunken Sewol ferry, nearly seven months after the vessel capsized with the loss of more than 300 lives."I declare the end of the underwater search," Maritime Minister Lee Ju-Young told a press briefing.Nine bodies remain unaccounted for from the April 16 disaster.Copyright AFP (Agence France-Presse), 2014 ...
New monitors for Australian asylum camps after abuse claims SYDNEY: Australian Immigration Minister Scott Morrison on Tuesday said he was establishing a new monitoring team for centres holding asylum-seekers, including camps on remote Pacific islands, after a series of abuse allegations.Under Australia's hardline immigration policies -- designed to stop would-be refugees from risking their lives on people-smuggling boats -- asylum-seekers face mandatory detention.Hundreds are being held in detention centres on Papua New Guinea's Manus Island and the small state of Nauru despite criticism that ...
Japan PM Abe considers sales tax hike delay, snap election TOKYO: Japan's Prime Minister Shinzo Abe is considering dissolving the lower house of parliament and calling a snap election if he decides to delay a plan to raise the sales tax next year, the Yomiuri newspaper reported.If Abe does dissolve the lower house, an election could be held on Dec. 14 or Dec. 21, the Yomiuri reported on Sunday citing several government and ruling party sources.Abe has also told members of his party's coalition partner ...

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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln