Economy News

Economy

South Korea's Economic Growth Hits Historic Low: Potential Rate Drops Below 2% for the First Time

South Korea's potential growth rate is predicted to fall below 2% for the first time, signaling a concerning low-growth trend. The OECD's latest report estimates it at 1.9%, highli...

Economy

Seoul and Washington Engage in Crucial Talks to Extend Tariff Suspension Amid Trade Tensions

South Korea and the U.S. are in talks to extend the suspension of reciprocal tariffs, focusing on strengthening industrial supply chains and reducing tariffs on key items like auto...

Economy

Vietnam Achieves a Stunning $7.6B Trade Surplus in First Half of 2025 Amid Global Economic Shifts

Vietnam reported a $7.63 billion trade surplus in the first half of 2025, with exports growing by 14.4%. The foreign-invested sector led the surge, contributing significantly to th...

Economy

Korea Weighs U.S. Apple Imports as Trade Tensions with America Escalate

Korea considers importing U.S. apples amid escalating trade tensions, with domestic farmers concerned over potential income losses. The move comes as the U.S. pressures Korea to re...

Economy

Trump's 'One Big Beautiful Bill Act' Passes Congress, Sparking Global Tariff Wars and Clean Energy Debate

President Trump signs the 'One Big Beautiful Bill Act' into law, introducing sweeping tax cuts and sparking debates on global tariffs and the future of clean energy in the U.S. Cri...

Economy

President Trump Sets July 9 Deadline for Concluding Global Trade Negotiations

President Donald Trump announced plans to conclude trade negotiations by July 9, 2025, through agreements or tariff letters to up to 15 countries, with tariffs effective from Aug. ...

Economy

South Korea Launches Economic Recovery Vouchers: A Lifeline for Citizens and Local Businesses Starting July 21

The South Korean government announces the distribution of economic recovery consumer vouchers starting July 21, offering up to 600,000 won per person to stimulate local businesses ...

Economy

Trump Announces Global Tariff Letters: A New Era of Trade Policy Begins July 4

President Donald Trump announces a new approach to U.S. trade policy, with letters specifying tariff rates to be sent to all trading partners starting July 4, 2025. This move aims ...