Economy News

Economy

Korea and Bangladesh Kick Off Historic Economic Partnership Talks

South Korea and Bangladesh have officially commenced negotiations for the Korea-Bangladesh Economic Partnership Agreement (EPA), aiming to strengthen economic cooperation and elimi...

Economy

South Korea's Export Boom: A Record $685 Billion in 2024?

South Korea's export volume is projected to reach a record $685 billion in 2024, a 9.5% increase from the previous year. This surge is expected to propel the nation from 8th to 6th...

Economy

South Korea's Fuel Tax Cut Extension: A Winter Relief for Households

South Korea extends its temporary fuel tax cut by two months to alleviate the financial burden on households during the winter months. The measure, originally scheduled to end on D...

Economy

BOK Cuts Interest Rate Again to Boost Economy Amid Global Uncertainty

The Bank of Korea has lowered its base interest rate by 0.25 percentage points to 3% for the second consecutive month, aiming to stimulate economic growth amid global and domestic ...

Economy

South Korea's Economic Shift: Government Takes the Lead in Industrial Policy

Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok has stressed the urgency and importance of the next six months, describing it as the "golden time that will ...

Economy

KEPCO's Industrial Power Sales Decline Signals Economic Slowdown

KEPCO reports a 2.8% decline in industrial power sales for September, signaling a slowdown in industrial activity. The decline is attributed to the sluggish performance of manufact...

Economy

Off-Season Durian Harvest Plunges Due to Unpredictable Weather

In Tien Giang province, part of the Mekong Delta, one of Vietnam's two largest durian-growing areas, many durian farms are barren, some without any fruits at all, though it is now ...

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...