Economy News

Economy

South Korean Trade Official to Address U.S. Misconceptions on Tariffs in Upcoming Visit

Jeong In-kyo, a senior South Korean trade official, is visiting the U.S. to correct misconceptions about Korea-U.S. trade tariffs and to discuss the implementation of a bilateral w...

Economy

US Tariff Suspension on Canada Leads to Delayed Retaliatory Measures: A Closer Look

The Trump administration's suspension of tariffs on Canada has led to a delay in Canada's retaliatory measures. Canada postpones additional tariffs until April 2, while maintaining...

Economy

South Korea's Current Account Surplus Drops to $2.94 Billion in January, Marking a Nine-Month Low

South Korea's current account surplus in January fell to $2.94 billion, the lowest in nine months, due to decreased exports of automobiles and other key products. The decline is at...

Economy

China's Trade Surplus Soars to $170.51 Billion in February, Surpassing Expectations

China's trade surplus dramatically increased to $170.51 billion in February, surpassing expectations. Exports grew by 2.3%, while imports fell by 8.4% year-on-year, highlighting th...

Economy

Will Tariffs Lead to Lasting Inflation? Fed's Bostic Weighs In

Federal Reserve Bank of Atlanta President Raphael Bostic discusses the uncertain impact of tariffs on inflation, noting increased costs and potential price hikes, with clarity expe...

Economy

Homeplus's Financial Struggles Highlight South Korea's Economic Crisis: A Deep Dive

South Korea faces economic challenges as Homeplus enters corporate rehabilitation, highlighting credit risks and the impact of shifting consumption patterns on traditional retail. ...

Economy

Atlanta Fed President Bostic Weighs In: Will Tariffs Lead to Lasting Inflation?

Atlanta Fed President Raphael Bostic discusses the uncertain impact of tariffs on lasting inflation, noting higher costs and price increases but questioning sustained inflation. Cl...

Economy

Global Recession Fears and U.S. Tariff Policies Trigger Historic Oil Price Drop

International oil prices hit a three-year low amid fears of a global recession, fueled by U.S. tariffs. Brent Crude and WTI prices dropped significantly, with OPEC+ planning to inc...