Economy News

Economy

South Korea Faces Export Slowdown Threat as High Tariffs Loom Over Trade Frictions with U.S.

South Korea's export growth is threatened by high U.S. tariffs, despite improvements in semiconductor exports and private consumption. The construction industry's slump and potenti...

Economy

Trump Announces Dramatic 100% Tariff on Imported Semiconductors to Reshore U.S. Manufacturing

President Trump announces a 100% tariff on imported semiconductors to encourage U.S. manufacturing, with exemptions for companies producing domestically. The move could significant...

Economy

Global Investment Giants Elevate Korea's Economic Outlook Amid Strong Exports and Fiscal Stimulus

Leading investment banks have raised Korea's economic growth forecasts, highlighting strong exports and fiscal stimulus. JP Morgan, Goldman Sachs, and Citibank are among those adju...

Economy

South Korea Shatters Records with a Stunning $14.27 Billion Current Account Surplus in June

South Korea's current account surplus hit a historic high of $14.27 billion in June, driven by strong exports and marking the 26th consecutive month of surplus. The first half of t...

Economy

U.S. Pledges MFN Treatment to Korea in Semiconductors and Pharmaceuticals Amid Tariff Threats

Korea secures MFN treatment from the U.S. in semiconductors and pharmaceuticals, amidst Trump's announcement of a 100% tariff on imported semiconductors, potentially impacting Kore...

Economy

Australia Surprises with a Stunning 5.37B AUD Trade Surplus in June, Exports Soar

Australia reported a surprising trade surplus of 5.37 billion AUD in June, driven by a 6% rise in exports and a 3.1% fall in imports, exceeding expectations and highlighting the co...

Economy

Exclusive: President Trump Narrows Down Federal Reserve Chair Candidates to Final Three

President Donald Trump has narrowed the list of candidates for the Federal Reserve governor position to three, with plans to appoint both temporary and permanent candidates soon. T...

Economy

China's Trade Surprise: July Surplus Dips to $98.2B Amid Global Economic Shifts

China's trade surplus in July decreased to $98.2 billion from June's $114.8 billion, with exports rising by 7.2% and imports by 4.1% year-on-year. In local currency, the surplus wa...