Vietnam's Digital Economy Set to Soar to $36 Billion by 2024
Vietnam's digital economy is projected to hit $36 billion by 2024, driven by the robust growth of its retail e-commerce sector. The country's digital economy is expected to maintai...
Economy News
Trump's Tariff Tsunami: A 25% Hit on Mexico, Canada, and China
President-elect Donald Trump announces a 25% tariff on imports from Mexico and Canada, aiming to curb drug trafficking and illegal immigration. Additionally, he plans to impose an ...
South Korea's 2025 Economic Outlook: A Challenging Year Ahead
The Korea Institute for Industrial Economics and Trade (KIET) has released its economic and industrial outlook for 2025, projecting South Korea's real gross domestic product (GDP) ...
South Korea's Wealth Divide: The Top 10% Control 43.5% of Net Assets
South Korea faces a widening wealth gap, with the top 10% of households holding 43.5% of net assets. Real estate is the primary driver of this disparity, accounting for 71.5% of to...
Potential Supplementary Budget Looms: A Shift in Yoon's Fiscal Policy?
The Office of the President hints at a potential supplementary budget for next year, marking a shift in President Yoon Suk Yeol's fiscal policy. This move could signal more active ...
Online Shopping Market Faces Slowest Growth Since 2017 Amid Economic Challenges
The online shopping market in South Korea saw its lowest growth rate since 2017, with a mere 0.6% increase in October transaction amounts. This slowdown is attributed to economic c...
Korea's Industrial Competitiveness Meeting: A Strategic Shift Under Trump 2.0
The government is set to hold the Industrial Competitiveness Ministers' Meeting next week, marking the first such gathering since December 2022. The meeting, scheduled for Nov. 27,...
Off-Season Durian Prices Double, Yet Farmers Face Massive Losses
The off-season for durian in Tien Giang has begun, but this year's harvest is unusually quiet. Farmers are facing massive losses as extreme weather conditions have caused durian fl...
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