Economy News

Economy

South Korea's Wealth Soars Beyond 24 Quadrillion Won, Outshining Japan for the Third Year

South Korea's national wealth exceeds 24 quadrillion won, driven by rising housing prices and overseas stock markets. Household net assets per capita surpass Japan for the third ye...

Economy

Dramatic 40% Plunge in Corporate Tax Revenue Sparks Calls for Rate Adjustments

Nominee for Minister of Economy and Finance, Gu Yoon-cheol, addresses a 40% drop in corporate tax revenue over two years, suggesting potential rate increases and strategic investme...

Economy

Chey Tae-won Advocates for a Korea-Japan Economic Community to Combat Global Protectionism

SK Group Chairman Chey Tae-won proposes a Korea-Japan economic community to tackle growth stagnation and global protectionism, suggesting a combined $6 trillion market and emphasiz...

Economy

Switzerland's Trade Surplus Hits 13.4 Billion Francs in Q2 2025 Amid Global Shifts

Switzerland reports a 13.4 billion franc trade surplus in Q2 2025, with exports to North America plummeting by 25.9% but seeing a 2% rise in Asia. June showed signs of recovery wit...

Economy

UK Job Market Shifts: Unemployment Climbs to 4.7% as Employment and Earnings Show Mixed Signals

The UK's unemployment rate increased to 4.7% in the three months to May, with the employment rate rising to 75.2% and economic inactivity falling to 21%. Job vacancies decreased by...

Economy

Eurozone Inflation Climbs to 2% in June: A Closer Look at the Rising Costs

Eurozone's inflation rate edged up to 2% in June, driven by higher prices in the services sector and food, alcohol, and tobacco. Energy prices continued to decline but at a slower ...

Economy

Singapore Tops Global Rankings as the Priciest City for the Wealthy in 2025

Singapore has been named the most expensive city for the wealthy in 2025, leading in luxury item prices and experiencing significant cost increases in various sectors. The Global W...

Economy

Trump Announces Historic $92 Billion Investment in AI and Energy to Fuel America's Future

President Trump announces a $92 billion investment in AI and energy in Pennsylvania, marking the largest private investment in the state's history. The plan includes significant co...