Economy News

Economy

Korean Deputy PM Vows Swift Action to Stabilize Financial Markets Amid Emergency

Deputy Prime Minister Choi Sang-mok held an emergency meeting to address financial and foreign exchange market concerns following a state of emergency declaration. The government i...

Economy

South Korea's Foreign Reserves Continue to Decline Amid Surging Dollar

South Korea's foreign exchange reserves have decreased for two consecutive months due to the strength of the U.S. dollar. According to data released by the Bank of Korea (BOK) on D...

Economy

Choi Sang-mok: The Crucial Role of Managing South Korea's External Credibility

Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok convened an expanded executive meeting at the Government Complex Seoul on December 9, focusing on managing S...

Economy

December Sees a Surge in US Consumer Confidence: A Detailed Report

The Consumer Sentiment Index in the United States rose 3.1% in December compared to the month before, to stand at 74.0, a preliminary report issued by the University of Michigan sh...

Economy

Inflation Persists: Bowman's Cautionary Words on Fed's 2% Goal

Federal Reserve Governor Michelle Bowman warns that inflation remains 'uncomfortably' above the central bank's 2% goal, emphasizing the importance of a cautious approach to monetar...

Economy

Goolsbee Warns: Crypto Assets Lack Economic Impact, Pose Stability Risks

Federal Reserve Bank of Chicago President Austan Goolsbee discusses cryptocurrency, highlighting its limited macroeconomic impact and speculative nature. He warns against linking v...

Economy

Japan's BOP Trade Deficit Narrows to ¥155.7B in October

Japan's trade deficit on a balance of payments basis improved to ¥155.7 billion in October, down from ¥315.2 billion in the previous month. Exports rose by 2.9% year-on-year, while...

Economy

China's 2025 Economic Strategy: Looser Monetary Policy and Enhanced Fiscal Support

China's Politburo has announced plans to adopt a "moderately loose" monetary policy and a more proactive fiscal approach in 2025, aiming to boost economic consumption and stabilize...