Economy News

Economy

Bank of Korea Sounds Alarm on Heightened External Risks Amid Political Uncertainty

The Bank of Korea warns that the current external environment is worse than during previous impeachments, potentially amplifying economic fallout. The BOK calls for bipartisan coop...

Economy

Deputy PM Choi Assures Economic Stability Amid Political Turbulence

Deputy Prime Minister Choi Sang-mok reassures economic stability at ASEAN+3 forum, emphasizing Korea's solid economic system amid political uncertainties. He met with AMRO director...

Economy

China's Industrial Output Surges: A Closer Look at November's Growth

China's industrial production grew by 5.4% in November year-on-year, with notable increases in mining, manufacturing, and new-energy vehicles.

Economy

UK Approves £5.3 Billion Sale of Royal Mail Owner to Billionaire Investor

The UK has approved the sale of Royal Mail's owner, International Distribution Services, to Daniel Kretinsky for £5.3 billion. The deal, arranged in May, includes a 'golden share' ...

Economy

China's Retail Sales Surge: A 3% Boost in November Amid Economic Resilience

China's retail sales saw a 3% increase in November, highlighting the country's economic resilience and steady recovery of consumer confidence.

Economy

Japan's Private Sector Shows Signs of Recovery in December

Japan's private sector showed signs of recovery in December with services sector activity expanding and manufacturing sector struggling to grow. The composite PMI rose, indicating ...

Economy

Interest Rates Surge as Deposit Growth Falters: Banks Compete for Deposits

Agribank hikes interest rates significantly, leading other banks to follow suit as deposit growth slows. The average deposit interest rate has risen by 0.5 percentage points, drive...

Economy

Thailand Plans to Enforce Global Minimum Corporate Tax from 2025

Thailand plans to enforce a global minimum corporate tax from January 2025, following the OECD's new regulations. The current corporate tax rate in Thailand is 20%, but companies r...