Economy News

Economy

Unexpected Drop in US Small Business Optimism Index in February, NFIB Reports

The National Federation of Independent Business reports a surprising 2.1-point drop in the US small business optimism index for February, signaling potential economic challenges ah...

Economy

South Korean SMEs Face Unprecedented Challenges as Operating Rates Plummet

South Korean SMEs are facing a severe crisis as operating rates drop below 70% for the first time since the COVID-19 pandemic, driven by economic pressures and uncertainty. Experts...

Economy

U.S. Imposes Hefty 25% Tariffs on 166 Steel and Aluminum Derivatives from South Korea

The U.S. is imposing a 25% tariff on 166 steel and aluminum derivative products from South Korea, affecting exports worth $6 billion. MOTIE is providing support to SMEs and address...

Economy

Why the Korean Won Continues to Struggle: A Deep Dive into Its Weakness Against Global Currencies

The South Korean won remains weak against global currencies due to political uncertainty, sluggish domestic consumption, and U.S. tariff threats. Experts predict continued deprecia...

Economy

Korean Industry Giants Eye U.S. Power Grid Revolution: A Gateway to New Opportunities

Korean industry leaders are setting their sights on the transformative U.S. power grid projects, aiming to leverage their technological expertise in power equipment to tap into the...

Economy

Dow Plummets Over 890 Points as Recession Fears and Tariff Uncertainty Grip the U.S. Stock Market

The U.S. stock market faced a significant downturn amid fears of a recession and uncertainties surrounding tariff policies. Major indices plummeted, reflecting investor anxiety and...

Economy

South Korea Targets European Defense Markets Following EU's Massive 800 Billion Euro Rearmament Strategy

South Korea is focusing on European defense markets and Ukraine's reconstruction, following the EU's 800 billion euro rearmament plan. Acting President Choi Sang-mok emphasizes the...

Economy

Japan's Economy Shows Resilient Growth: A 0.6% Expansion in Q4 2024

Japan's GDP grew by 0.6% in Q4 2024, with an annualized growth rate of 0.6% and a year-on-year increase of 2.9%, according to the Cabinet Office's final report.