Economy News

Economy

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...

Economy

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...

Economy

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

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 ...

Economy

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) ...

Economy

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...

Economy

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 ...

Economy

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...