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 News
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...
BOK Cuts Interest Rate Again to Boost Economy Amid Global Uncertainty
The Bank of Korea has lowered its base interest rate by 0.25 percentage points to 3% for the second consecutive month, aiming to stimulate economic growth amid global and domestic ...
South Korea's Economic Shift: Government Takes the Lead in Industrial Policy
Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok has stressed the urgency and importance of the next six months, describing it as the "golden time that will ...
KEPCO's Industrial Power Sales Decline Signals Economic Slowdown
KEPCO reports a 2.8% decline in industrial power sales for September, signaling a slowdown in industrial activity. The decline is attributed to the sluggish performance of manufact...
Off-Season Durian Harvest Plunges Due to Unpredictable Weather
In Tien Giang province, part of the Mekong Delta, one of Vietnam's two largest durian-growing areas, many durian farms are barren, some without any fruits at all, though it is now ...
Trump's Tariff Plan: A Blow to Korean Automakers in Mexico and Canada
U.S. President-elect Donald Trump's announcement of a 25% tariff on imports from Mexico and Canada has sent shockwaves through South Korean companies operating in Mexico. The South...
Thai Economy Shows Resilience: Q3 GDP Growth Exceeds Expectations
Thailand's GDP grew 3.0% in Q3, surpassing forecasts and driven by the service sector. Despite risks from U.S. policies, the economy shows resilience with quarterly growth at an 18...
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