Bank of Korea Eyes Rate Cuts in 2025 to Combat Economic Slowdown
The Bank of Korea plans to reduce the base interest rate in 2025 to alleviate economic slowdown pressures, emphasizing financial market stability and continuing lending system refo...
Economy News
Soaring Exchange Rates Challenge South Korea: Exporters and Households Under Pressure
South Korea faces a challenging economic landscape as the won-dollar exchange rate soars past 1,460 won, impacting exporters and households. Government measures and political uncer...
South Korea Boosts Policy Finance to 247.5 Trillion Won for 2025, Focusing on Strategic Industries
South Korea increases policy finance to 247.5 trillion won for 2025, focusing on strategic industries like AI, semiconductors, and support for SMEs. The initiative aims to bolster ...
Japan Slashes 2024 GDP Growth Forecast to 0.4% Amid Industry Scandals and Export Decline
Japan's Cabinet Office has revised its 2024 GDP growth forecast down to 0.4% due to an automotive industry scandal and a decline in exports, while keeping the 2025 growth estimate ...
Russia Offers Multiple Gas Supply Routes to Europe Amid Tense Energy Situation
Russian Deputy Prime Minister Alexander Novak discusses Russia's readiness to supply gas to Europe through multiple routes, emphasizing the importance of agreements with Ukraine an...
China Prolongs Anti-Dumping Investigation on EU Brandy Until 2025
China has extended its anti-dumping investigation into EU brandy until April 2025, citing the complexity of the case. This decision follows Beijing's tariffs on European brandy, a ...
Siluanov Warns: Trump's Presidency Could Reshape Global Economy Impacting Russia
Russian Finance Minister Anton Siluanov discusses the potential global economic shifts under Trump's presidency and its implications for Russia, alongside the Russian government's ...
Malaysians Flocking to Singapore for Lucrative Jobs and Better Retirement Prospects
Many Malaysians are finding employment in Singapore to secure better retirement prospects, attracted by higher salaries and Singapore's superior retirement system compared to Malay...
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