Economy News

Economy

South Korea's Ambitious Plan: Massive Investment in Advanced Industries

South Korea plans to invest 25.5 trillion won in advanced industries by 2025, focusing on semiconductors, displays, secondary batteries, and bio, with new designations for humanoid...

Economy

South Korea to List Foreign Exchange Stabilization Bonds on Luxembourg Stock Exchange Amid Currency Volatility

South Korea announces measures to stabilize the foreign exchange market, including listing Foreign Exchange Stabilization Bonds on the Luxembourg Stock Exchange, abolishing foreign...

Economy

South Korea's Largest Domestic Supply Price Index Increase in Seven Months: Causes and Implications

The Bank of Korea reported a 0.6% increase in the domestic supply price index for November, the largest in seven months, due to higher exchange rates and electricity rate hikes. Th...

Economy

Japan's Economy: Steady Recovery Amid Global Economic Uncertainty

Japan's economy is recovering moderately despite some pauses, with government policies improving employment and income. The government works with the Bank of Japan to manage polici...

Economy

Trump Calls on EU to Boost U.S. Oil and Gas Imports to Avert Tariffs

President-elect Donald Trump urges the EU to increase U.S. oil and gas imports to address trade deficit, warning of potential tariffs if action is not taken.

Economy

Germany's Producer Prices Experience First Annual Increase in Over a Year

Germany's producer prices grew by 0.1% in November, the first annual increase since June 2023, according to Destatis. The index rose 0.5% month-over-month, with notable rises in ca...

Economy

UK Retail Sales Surge in November: What's Behind the 0.5% Growth?

UK retail sales volumes rose 0.5% year-over-year in November, with month-on-month growth of 0.2%. Non-food and food store sales increased, while online sales dropped by 4.3%.

Economy

Trump Urges Congress to Abolish or Extend Debt Ceiling to Secure Spending Deal

President-elect Donald Trump calls on Congress to abolish or extend the debt ceiling until 2029 to secure a government spending agreement, amidst House's failure to pass a new fund...