Economy News

Economy

Korea-U.S. Economic Partnership Strengthened in High-Level Virtual Meeting

Deputy Prime Minister Choi Sang-mok held a video meeting with U.S. Treasury Secretary Janet Yellen, reaffirming strong economic and financial cooperation. Choi emphasized stable go...

Economy

Korean and U.S. Business Leaders Call for Strengthening FTA

Korean and American business leaders urge governments to ensure stability and predictability in business activities through consistent policies, emphasizing the importance of the K...

Economy

Bank of Korea's Aggressive RP Purchases Amid Martial Law: A Strategic Move to Stabilize Markets

The Bank of Korea has purchased 14 trillion won in repurchase agreements since martial law declaration to stabilize markets. Authorities are closely monitoring conditions and incre...

Economy

South Korea's Export Surge Defies Martial Law: A Closer Look

South Korea's exports surged by 12.4% in early December, driven by significant rises in semiconductor and computer peripheral exports, despite martial law. The Ministry of Trade, I...

Economy

Exchange Rate Surge Threatens South Korean Battery and Aviation Industries

The surge in the won-dollar exchange rate is causing significant distress for South Korean companies, particularly in the battery and aviation industries. The sharp rise in the exc...

Economy

China's Monetary Policy Shift: Looser Policy and Enhanced Fiscal Support in 2025

China's Politburo announces a shift to a 'moderately loose' monetary policy and a more proactive fiscal approach in 2025, aiming to boost economic consumption, stabilize the real e...

Economy

El Salvador's $1.3B IMF Loan: Bitcoin Reforms and Fiscal Adjustments

El Salvador is close to securing a $1.3 billion loan agreement with the IMF, subject to Bitcoin reforms and fiscal adjustments. This could unlock additional funds from the World Ba...

Economy

China's Trade Surplus Soars to $97.44B in November: A Closer Look

China's trade surplus rose to $97.44 billion in November, up from $95.27 billion in October, surpassing expectations. Exports increased by 6.7% in dollar terms, while imports decli...