Economy News

Economy

South Korea's $450 Billion U.S. Investment Deal: A Strategic Move Amidst Tariff Challenges

South Korea and the U.S. have struck a deal reducing tariffs to 15% in exchange for a $450 billion investment, ending FTA benefits and leaving sectors like semiconductors in tariff...

Economy

Korean Business Sentiment Hits Record Low Amid U.S. Tariff Fears: A 3-Year Downward Spiral

The Federation of Korean Industries’ Business Survey Index (BSI) shows a continued decline in business sentiment among Korea's top companies, with August 2025 outlook at 92.6. Conc...

Economy

South Korean SMEs and Corporations Brace for Significant Tax Increases Amid Global Economic Shifts

South Korea announces a significant tax reform, increasing corporate taxes for the first time in eight years, affecting SMEs and large corporations alike. The move contrasts with g...

Economy

South Korea Achieves a Significant $6.61 Billion Trade Surplus in July Amid Global Economic Shifts

South Korea reported a $6.61 billion trade surplus in July, with exports rising by 5.9% to $60.8 billion and imports by 0.7% to $54.2 billion. Semiconductor exports surged 31.6% to...

Economy

July Sees a Surge in Australian Factory Activity: A Sign of Economic Resilience?

Australian factory activity expanded in July, with the PMI rising to 51.3, indicating the fastest growth since April and marking seven months above the neutral 50 mark. Experts hig...

Economy

Japan's Unemployment Rate Holds Steady at 2.5% in June, Job Market Shows Slight Cooling

Japan's unemployment rate remained steady at 2.5% in June, matching expectations and last month's figure. The job-to-applicant ratio slightly decreased to 1.22, indicating a minor ...

Economy

China's Manufacturing Sector Shows Signs of Strain as July PMI Dips Below Critical Threshold

China's manufacturing sector experienced a slight contraction in July, with the PMI falling to 49.5, below the neutral threshold. Despite this, manufacturer optimism improved, high...

Economy

Japan's Manufacturing Sector Faces Contraction in July Amid Trade Uncertainties

Japan's manufacturing sector showed signs of contraction in July, with the PMI Index dropping to 48.9, below the neutral mark. Experts link the downturn to US trade policy uncertai...