Economy News

Economy

South Korea Faces Steep 30.4% Drop in Exports to the U.S., Signaling Global Trade Challenges

South Korea's exports to the U.S. plummeted by 30.4% in early May, with overall exports dropping 23.8%. The trade deficit hits $1.74 billion, influenced by fewer working days and a...

Economy

Vietnam's Lychee Production Soars by 30% This Year: A Story of Weather, Strategy, and Global Demand

Vietnam's lychee production is expected to rise by 30% this year due to favorable weather and disease control. The harvest is split into two phases, with extensive preparations for...

Economy

South Korea's Rising Debt: A Looming Challenge Beyond Reserve Currency Averages

The IMF projects South Korea's national debt ratio to GDP will exceed the average of non-reserve currency countries this year, signaling a critical shift in fiscal dynamics and rai...

Economy

Japan's Trade Surplus Narrows to ¥516.5B in March, Reflecting Global Economic Shifts

Japan's trade surplus on the BOP basis decreased to ¥516.5 billion in March from ¥712.9 billion the previous month, with exports up by 1.8% and imports by 1.3% year-on-year.

Economy

US and China Reach Significant Breakthrough in High-Level Trade Talks in Switzerland

US and China officials reported 'substantial progress' in trade talks aimed at de-escalating tariff tensions, with further details to be shared soon.

Economy

US Commerce Secretary Assures 10% Import Tariff to Stay, Sparks Debate on Consumer Impact

US Commerce Secretary Howard Lutnick announced the continuation of a 10% import tariff, emphasizing its role in protecting domestic industries and shifting the financial burden to ...

Economy

Thailand Leverages Chinese Influencer to Shatter Durian Export Records to China

Thailand is collaborating with a top Chinese influencer to live-sell durians and other fruits, aiming to break export records. With China as the main market, efforts are underway t...

Economy

Japan's Prime Minister Ishiba Advocates for Zero Tariffs in US Trade Deal, Eyes Economic Benefits

Japanese Prime Minister Shigeru Ishiba aims for a tariff-free trade deal with the US, emphasizing economic benefits and a strong relationship with President Trump, diverging from t...