Economy News

Economy

Trump's Tariff Threat: BRICS Nations Face 100% Duties Over Dollar Challenge

President-elect Donald Trump has threatened BRICS nations with 100% tariffs if they move away from the U.S. dollar. This move comes as a response to the BRICS alliance's exploratio...

Economy

South Korea's Export Growth Slows to a Worrying 1.4% in November

South Korea's export growth rate has slowed to 1.4% in November, marking the lowest increase in recent months. This decline is causing concerns about the economy's sustainability, ...

Economy

South Korea's Industrial Output Slumps in October, Signaling Economic Downturn

South Korea's industrial production index fell by 0.3% in October, reflecting a broader economic slowdown across various sectors. The decline in industrial production, coupled with...

Economy

Thailand's Generous Handout: $289 for Senior Citizens in January

Thailand's government is launching the second phase of its US$14 billion stimulus program in January, targeting senior citizens with a cash handout of 10,000 baht each. This initia...

Economy

South Korea's Manufacturing Sentiment Plunges to 13-Month Low Amid Export Uncertainty

South Korea's manufacturing sentiment has hit a 13-month low, driven by uncertainty surrounding exports following the U.S. presidential election. The Composite Business Sentiment I...

Economy

Korea and Bangladesh Kick Off Historic Economic Partnership Talks

South Korea and Bangladesh have officially commenced negotiations for the Korea-Bangladesh Economic Partnership Agreement (EPA), aiming to strengthen economic cooperation and elimi...

Economy

South Korea's Export Boom: A Record $685 Billion in 2024?

South Korea's export volume is projected to reach a record $685 billion in 2024, a 9.5% increase from the previous year. This surge is expected to propel the nation from 8th to 6th...

Economy

South Korea's Fuel Tax Cut Extension: A Winter Relief for Households

South Korea extends its temporary fuel tax cut by two months to alleviate the financial burden on households during the winter months. The measure, originally scheduled to end on D...