Most Popular
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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S. Korea not to attend Sado mine memorial: foreign ministry
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First snow to fall in Seoul on Wednesday
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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[Weekender] Korea's traditional sauce culture gains global recognition
![[Weekender] Korea's traditional sauce culture gains global recognition](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
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BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
![[Weekender] Korea's traditional sauce culture gains global recognition](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
[Graphic News] Underground economy accounted for 8% of GDP in 2015: think tank
By Korea HeraldPublished : Feb. 20, 2017 - 18:09
The Korea Institute of Public Finance said in its latest report that the shadow economy here was estimated at 124.7 trillion won ($108.8 billion) as of 2015, making up 8 percent of the country’s gross domestic product worth 1,558.6 trillion won.
The proportion has declined slightly compared to 2013 when it was 8.7 percent of the GDP, it added.
However, the figure is far lower than the earlier projection of 24.7 percent calculated by Friedrich Schneider from Austria in 2010.
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Articles by Korea Herald
![[More than APT] Residents, architects together design homes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/24/20241124050036_0.jpg&u=)
