Economy News

Economy

South Korea Engages in Crucial Trade Policy Talks with U.S. Amid Rising Tariffs

Acting South Korean President Choi Sang-mok discussed trade policy, tariffs, and investment with U.S. Treasury Secretary Scott Bessent. Choi highlighted South Korea's economic resi...

Economy

Trump Announces New 10% Tariff on China, Effective March 4 Amid Opioid Crisis

President Donald Trump has announced a new 10% tariff on China, effective March 4, as part of efforts to combat the opioid crisis. This move, alongside existing tariffs on Mexico a...

Economy

South Korea and U.S. Forge Stronger Ties: New Consultative Body to Tackle Trade Tariffs

South Korea and the U.S. have agreed to establish a consultative body to address high tariff policies and strengthen economic ties, following a meeting between their industry minis...

Economy

South Korea and U.S. Strengthen Economic Ties Amid Trump's Tariff Policies

South Korea and the U.S. held a virtual meeting to discuss economic issues, including Trump's tariff policies and investment plans. The dialogue emphasized the importance of their ...

Economy

South Korea Advances with 'K-Chips Act' and Energy Laws to Strengthen Semiconductor and Power Sectors

South Korea's National Assembly passes the 'K-Chips Act' and three energy laws to bolster the semiconductor industry and energy infrastructure, offering tax benefits and ensuring a...

Economy

Tokyo's Inflation Rate Sees a Notable Drop from 3.4% to 2.9% in February

Tokyo's Ku-area saw a decrease in the annual inflation rate from 3.4% in January to 2.9% in February. The CPI excluding fresh food and energy remained steady at 1.9%, while the CPI...

Economy

Japan's Retail Sector Sees a 0.5% Uplift in January, Signaling Economic Resilience

Japan's retail trade saw a 0.5% increase in January, reaching ¥16.2 trillion (~$108 billion), as reported by the Ministry of Economy, Trade and Industry. This growth indicates a po...

Economy

January Sees a 1.1% Dip in Japan's Industrial Production, Yet Annual Growth Persists

Japan's industrial production index fell by 1.1% in January to 100.5, as reported by METI. Despite the monthly decline, there was a 2.6% increase compared to the same month last ye...