Economy News

Economy

UK Housing Market Shows Resilience with a 2.4% Price Increase in July

The UK housing market demonstrated resilience with a 2.4% annual price increase in July, according to the Halifax House Price Index. Despite challenges, easing mortgage rates and r...

Economy

Samsung Display Braces for Impact as US Tariffs Threaten Semiconductor Industry

Samsung Display is closely monitoring the potential impact of proposed US tariffs on semiconductor imports, which could pressure parts makers and dampen demand. CEO Yi Chung expres...

Economy

Switzerland's Unemployment Holds Steady at 2.9% in July Amid Economic Shifts

In July, Switzerland's unemployment rate stayed at 2.9%, with a slight increase in unemployed numbers and a significant rise in youth unemployment. The job market showed mixed sign...

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...