Economy News

Economy

South Korea's Economic Shift: Government Takes the Lead in Industrial Policy

Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok has stressed the urgency and importance of the next six months, describing it as the "golden time that will ...

Economy

KEPCO's Industrial Power Sales Decline Signals Economic Slowdown

KEPCO reports a 2.8% decline in industrial power sales for September, signaling a slowdown in industrial activity. The decline is attributed to the sluggish performance of manufact...

Economy

Off-Season Durian Harvest Plunges Due to Unpredictable Weather

In Tien Giang province, part of the Mekong Delta, one of Vietnam's two largest durian-growing areas, many durian farms are barren, some without any fruits at all, though it is now ...

Economy

Trump's Tariff Plan: A Blow to Korean Automakers in Mexico and Canada

U.S. President-elect Donald Trump's announcement of a 25% tariff on imports from Mexico and Canada has sent shockwaves through South Korean companies operating in Mexico. The South...

Economy

Thai Economy Shows Resilience: Q3 GDP Growth Exceeds Expectations

Thailand's GDP grew 3.0% in Q3, surpassing forecasts and driven by the service sector. Despite risks from U.S. policies, the economy shows resilience with quarterly growth at an 18...

Economy

Vietnam's Digital Economy Set to Soar to $36 Billion by 2024

Vietnam's digital economy is projected to hit $36 billion by 2024, driven by the robust growth of its retail e-commerce sector. The country's digital economy is expected to maintai...

Economy

Trump's Tariff Tsunami: A 25% Hit on Mexico, Canada, and China

President-elect Donald Trump announces a 25% tariff on imports from Mexico and Canada, aiming to curb drug trafficking and illegal immigration. Additionally, he plans to impose an ...

Economy

South Korea's 2025 Economic Outlook: A Challenging Year Ahead

The Korea Institute for Industrial Economics and Trade (KIET) has released its economic and industrial outlook for 2025, projecting South Korea's real gross domestic product (GDP) ...