Economy News

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 ...

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...