Economy News

Economy

South Korea Shatters Export Records in 2024 with $683.8 Billion Milestone

South Korea set a new export record in 2024 with $683.8 billion, driven by semiconductor and ship exports. This achievement moved the country to sixth in global export rankings, wi...

Economy

South Korea Launches Massive 360 Trillion Won Trade Finance Initiative to Propel Exports

South Korea has announced a 360 trillion won trade finance plan to support its export-driven economy, including a Special Program for Mega Orders and measures to diversify export m...

Economy

Bank of Korea Governor Advocates for Economic Policy Independence from Political Influence

Bank of Korea Governor Rhee Chang-yong criticizes Cabinet members for opposing the appointments of Constitutional Court judges, emphasizing the need for economic policy independenc...

Economy

Forecast: Korean Won to U.S. Dollar Exchange Rate Hits 1,440 in Q1 Amid Economic Challenges

The won-dollar exchange rate is forecasted to average 1,440 won in Q1, driven by political instability, economic challenges, and external pressures. Despite efforts to stabilize th...

Economy

China's Manufacturing Sector Shows Slower Growth in December as PMI Dips to 50.5

China's manufacturing sector experienced a slower growth in December, as indicated by the PMI dropping to 50.5. Despite a third month of improvement, external demand weakened, and ...

Economy

Skyrocketing Durian Prices in Vietnam Due to Unprecedented Shortage

Due to high export demand, especially from China for the Lunar New Year, durian prices in Vietnam's Tien Giang Province have surged by 54%. Vietnam is currently the only market wit...

Economy

Vietnam Nets $341M from Foreign Suppliers in 2024, Marking a 26% Tax Revenue Surge

Vietnam achieved a significant milestone by collecting $341M in taxes from foreign suppliers in 2024, marking a 26% increase. Despite challenges in cross-border e-commerce tax mana...

Economy

December Sees a Sharp Decline in Australian Manufacturing Activity

The Australian manufacturing sector's health worsened in December, with the PMI dropping to 47.8, indicating a contraction. S&P Global's report highlights the impact of domestic an...