Economy News

Economy

UK Factory Output Prices Fall Sharply in November: ONS Data Reveals

The UK's Office for National Statistics reports a 0.6% year-on-year drop in factory output prices for November, driven by significant declines in coke and refined petroleum product...

Economy

Vietnam's Agro-Forestry-Fisheries Exports Surge to Record $62 Billion in 2024

In 2024, Vietnam's agricultural sector saw remarkable growth, with production value up by over 3.2% and exports surging more than 18%. Key products and markets include wood, fruits...

Economy

Korea's Top Officials Assure Stability Amid Political Uncertainty

South Korea's economic and diplomatic leaders held a joint press conference to address concerns and outline strategies for maintaining stability amid ongoing political turmoil. Dep...

Economy

Business Leaders Urge Supplementary Budget to Revive Domestic Demand and Strengthen Key Industries

Business leaders in South Korea urge a supplementary budget to boost domestic demand and expedite special legislation for semiconductors and AI, amid concerns over economic uncerta...

Economy

South Korean Corporate M&A Deals Plummet by 42.5% Amid Global Uncertainty

South Korean corporate M&A investments dropped by 42.5% this year due to global market instability and a sluggish domestic economy. Despite Korean Air's acquisition of Asiana Airli...

Economy

Deputy PM Choi Pushes for Revival of Private Investment Amid Economic Challenges

Deputy Prime Minister Choi Sang-mok announced government support for private sector projects worth 9.3 trillion won to ensure investments next year, emphasizing the importance of c...

Economy

Mandatory Emission Testing for 5-Year-Old Motorbikes Takes Effect in Vietnam

Vietnam's Ministry of Transport mandates emission testing for motorbikes aged five to 12 years every two years, and annually for those over 12 years, to address pollution concerns.

Economy

2023 Corporate Profits Plummet Amid Manufacturing Recession

In 2023, domestic companies' pre-tax net profit dropped by 23.6% due to recession in manufacturing sectors like semiconductors and petrochemicals. Corporate sales also decreased, b...