Economy News

Economy

South Korea's Semiconductor Boom Drives Record Current Account Surplus in May

South Korea's current account surplus in May exceeded $10 billion, driven by strong semiconductor exports and reduced imports, marking the 25th consecutive month of surplus and the...

Economy

U.S. Tariff Concerns Trigger a 15% Plunge in FDI Inflow Declarations During First Half of 2025

First half of 2025 sees a 15% drop in FDI inflow declarations, attributed to U.S. tariff concerns and trade uncertainties. Greenfield and M&A investments decline, with significant ...

Economy

South Korea's Trade Minister Yeo Rushes to U.S. with Strategic Alaska LNG Proposal Amid Tariff Tensions

South Korea's Trade Minister Yeo Han-koo is urgently visiting the U.S. to negotiate trade terms and participate in the Alaska LNG project, amidst threats of reciprocal tariffs. The...

Economy

U.S. Senate's OBBBA Passage Sparks Concern Over Future of Electric Vehicle Subsidies and Auto Industry

The U.S. Senate's passage of the OBBBA threatens to abolish electric vehicle subsidies early, impacting Korean automakers like Hyundai and Kia. With significant investments at stak...

Economy

U.S. and Vietnam Strike Landmark Trade Deal: Tariffs Slashed from 46% to 20%, Boosting Tech Giants

The U.S. and Vietnam have agreed to reduce reciprocal tariffs from 46% to 20%, benefiting tech giants like Samsung and LG. However, potential item-specific tariffs on IT products r...

Economy

Korea Slips in U.S. Import Market: A Deep Dive into the Shifting Competitive Landscape

Korea's U.S. import market share drops from 7th to 10th amid tariff changes, with major declines in automobile and auto parts exports. The competitive landscape shifts as Mexico an...

Economy

South Korea's Lee Administration Borrows $13.27 Billion From BOK in First Month, Signaling Fiscal Challenges

South Korea's Lee Jae-myung administration borrowed 18 trillion won from the Bank of Korea in its first month, highlighting fiscal challenges and sparking political criticism over ...

Economy

Vietnam's Q2 GDP Growth Soars to a Three-Year High, Signaling Robust Economic Recovery

Vietnam's Q2 GDP growth hits a three-year high, with significant contributions from industry, construction, and services sectors. Despite a positive trade surplus and business grow...