Savings Rate Soars To Highest In 19 Years

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Savings Rate Soars to Highest in 19 Years
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Savings Rate Soars to Highest in 19 Years

Korea's savings rate has reached the highest level in almost 20 years amid fears that consumption is drying up even further.

Less private spending means slower production of goods and a decline in new hires.

Korea's savings rate in the first quarter of this year reached 36.9 percent, the highest since 37.2 percent in the third quarter of 1998, at the height of the Asian financial crisis.

In the first quarter of 1998, the rate soared to 40.6 percent as banks paid up to 17.71 percent interest. But now banks pay at best 1.45 percent and buoyant exports point to a gradual emergence from the slump.

Korea's Suicide Rate Still World's 4th Highest
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Korea's Suicide Rate Still World's 4th Highest

Korea's suicide rate is on the decline but remains one of the highest in the world, according to the WHO's annual statistics published Thursday.

And the country keeps the ignominious title as the country with the highest suicide rate in the OECD, ahead even of notoriously gloomy Japan.

The figures, which reflect data from 2015, show that Korea has 28.4 suicides per 100,000 population, the fourth-highest among the 183 countries surveyed.

That is almost double the rate of 14.8 suicides per 100,000 in 2000. Numbers soared in the wake of the 2008 financial crisis to 34.1 in 2010.

HyunA Shares What She Has Learned From Being A Singer For 10 Years And Counting
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HyunA Shares What She Has Learned From Being A Singer For 10 Years And Counting

Unit Triple H, with HyunA and PENTAGONs EDawn and Hui, has been featured on the cover of Ceci Magazine along with an interview about their upcoming debut.

These three members seemed to have a close relationship with each other. Actually, before Hui and EDawn debuted as PENTAGON, HyunA maintained her friendship with them and encouraged each other in music.

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Now being in the same group under the name Triple H, all three of them said that they have high hopes of their promotion. EDawn said, Before our promotion began, we talked a lot with [HyunA] about the music, the concept, style, and more. I wanted to cause as little harm as possible to [HyunA]. At the same time, I am excited because I think this will be fun.

IU To Perform On Music Show For First Time In Almost 4 Years
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IU To Perform On Music Show For First Time In Almost 4 Years

IU will be greeting her fans in a music show for the first time in four years!

According to IUs agency, Fave Entertainment, on April 18, IU will be appearing on the April 23 broadcast of SBSs Inkigayo to perform her comeback stage.

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The last time IU appeared on a music program was back in 2013 with Red Shoes, which was included in her third studio album Modern Times. She did release more albums afterwards, but she did not appear on music shows for those promotions. So, it has been almost four years since she officially recorded a music show broadcast.

Reddy to release his first full album in three years
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Reddy to release his first full album in three years

Hi-Lite Records will be launching Reddy's first full album in three years. The album is titled 'Universe' and will be released later today on April 20 at noon KST.

Following the pre-release single 'My Lite' featuring A.C.T from last month, many are looking forward to Reddy's various collaborations with renown artists such as rapper G.Soul, KillaGramz, Chancellor, G2, Cheetah, and Hi-Lite boss Paloalto.

SEE ALSO: 'Produce 101' releases the behind the scenes clip of the trainees' performance at Nexen vs. LG game