Economy News

Economy

South Korean Won Hits Record High Against USD Since 1997 Financial Crisis

The Korean won-U.S. dollar exchange rate has surged to nearly 1,500 won, the highest since the global financial crisis, with the fourth-quarter average reaching 1,398.75 won. This ...

Economy

South Korea Faces a Critical Shortage of 39,000 Industrial Technology Workers

South Korea is grappling with a significant shortage of 39,000 industrial technology workers, despite overall workforce growth. Key industries like semiconductors and biohealth are...

Economy

2024 Sees a 2.3% Hike in Consumer Prices with Fresh Food Costs Soaring by 9.8%

In 2024, the annual consumer price index rose by 2.3%, with fresh food costs surging by 9.8% due to poor harvests and extreme weather. Agricultural product prices increased signifi...

Economy

Drastic Increase in Traffic Fines: What Drivers Need to Know for 2024

In 2024, traffic fines in Vietnam will see a significant increase, with penalties for running red lights nearly tripling to $800. This move is part of a broader effort to deter tra...

Economy

Hanoi Sets Ambitious Goal: 169,000 New Jobs by 2025 to Boost Economy

Hanoi aims to create 169,000 new jobs by 2025 through comprehensive policies and solutions. The city plans to ensure social welfare, develop the labor market, and strengthen the wo...

Economy

South Korea's Economy Struggles as Production Index Drops for Third Month

South Korea's production index falls for the third consecutive month due to strikes and industry sluggishness, marking the longest decline in construction investment history. Econo...

Economy

China's Manufacturing PMI Slightly Dips to 50.1 in December: A Detailed Insight

China's manufacturing PMI slightly decreased to 50.1 in December, while the non-manufacturing PMI improved to 52.2. The composite PMI also rose, indicating a positive economic tren...

Economy

November Sees a 2.2% Surge in US New Home Sales: What's Driving the Market?

US new home sales experienced a 2.2% increase in November, signaling potential growth in consumer confidence and the housing market. Analysts are closely monitoring this trend for ...