Economy News

Economy

South Korean Corporate M&A Deals Plummet by 42.5% Amid Global Uncertainty

South Korean corporate M&A investments dropped by 42.5% this year due to global market instability and a sluggish domestic economy. Despite Korean Air's acquisition of Asiana Airli...

Economy

Deputy PM Choi Pushes for Revival of Private Investment Amid Economic Challenges

Deputy Prime Minister Choi Sang-mok announced government support for private sector projects worth 9.3 trillion won to ensure investments next year, emphasizing the importance of c...

Economy

Mandatory Emission Testing for 5-Year-Old Motorbikes Takes Effect in Vietnam

Vietnam's Ministry of Transport mandates emission testing for motorbikes aged five to 12 years every two years, and annually for those over 12 years, to address pollution concerns.

Economy

2023 Corporate Profits Plummet Amid Manufacturing Recession

In 2023, domestic companies' pre-tax net profit dropped by 23.6% due to recession in manufacturing sectors like semiconductors and petrochemicals. Corporate sales also decreased, b...

Economy

Corporate Profitability Surges Despite Sales Slowdown, BOK Q3 Report Reveals

The Bank of Korea's Q3 report shows a slowdown in sales growth but a significant improvement in corporate profitability. Manufacturing sectors like machinery and electronics saw a ...

Economy

Unlocking New Export Opportunities: KOTRA's Focus on ASEAN and India

KOTRA President Kang Kyung-sung emphasizes ASEAN and India as key markets for Korea's 2025 export strategy, highlighting the region's potential and urging active support for export...

Economy

South Korea's Green Industry Surges: Orders and Exports Soar to Record High

South Korea's green industry orders and exports have reached a record high of 22.7 trillion won, surpassing the target and marking a significant increase compared to last year. The...

Economy

Japan's Trade Deficit Narrows Significantly in November Amidst Export Growth

Japan's merchandise trade deficit for November was ¥117.6 billion, a significant improvement compared to the ¥462.1 billion deficit recorded in October. Exports increased by 3.8% y...