South Korea's Economy: A Mixed Bag in Q3 GDP Growth
South Korea's economy grew by 0.1% in Q3, according to the Bank of Korea. This modest growth reflects various sectoral challenges, with decreases in exports and construction invest...
Economy News
South Korea's 2025 GDP Growth Forecast Revised Down to 2.1% by OECD
The OECD has revised its forecast for South Korea's GDP growth in 2025 to 2.1%, down from 2.2%. This projection surpasses forecasts from the IMF, KDI, and the Bank of Korea, and is...
Korean Deputy PM Vows Swift Action to Stabilize Financial Markets Amid Emergency
Deputy Prime Minister Choi Sang-mok held an emergency meeting to address financial and foreign exchange market concerns following a state of emergency declaration. The government i...
South Korea's Foreign Reserves Continue to Decline Amid Surging Dollar
South Korea's foreign exchange reserves have decreased for two consecutive months due to the strength of the U.S. dollar. According to data released by the Bank of Korea (BOK) on D...
Choi Sang-mok: The Crucial Role of Managing South Korea's External Credibility
Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok convened an expanded executive meeting at the Government Complex Seoul on December 9, focusing on managing S...
December Sees a Surge in US Consumer Confidence: A Detailed Report
The Consumer Sentiment Index in the United States rose 3.1% in December compared to the month before, to stand at 74.0, a preliminary report issued by the University of Michigan sh...
Inflation Persists: Bowman's Cautionary Words on Fed's 2% Goal
Federal Reserve Governor Michelle Bowman warns that inflation remains 'uncomfortably' above the central bank's 2% goal, emphasizing the importance of a cautious approach to monetar...
Goolsbee Warns: Crypto Assets Lack Economic Impact, Pose Stability Risks
Federal Reserve Bank of Chicago President Austan Goolsbee discusses cryptocurrency, highlighting its limited macroeconomic impact and speculative nature. He warns against linking v...
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