Economy News

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...

Economy

U.S. Treasury Secretary Predicts Fed Rate Cuts by September Amid Tariff and Inflation Debates

U.S. Treasury Secretary Scott Bessent predicts the Fed could cut rates by September, criticizing its criteria on tariffs and inflation. The Fed maintains current rates amid tariff ...

Economy

Unlocking Growth: Experts Push for Easing CVC Rules to Elevate Korea's Economic Potential

Experts urge easing CVC regulations to boost Korea's economic growth, highlighting the need for private capital in achieving a 3% growth rate and the importance of regulatory refor...

Economy

Oil Price Surge Pushes Inflation Back to 2%: What This Means for the Economy

The Bank of Korea anticipates a slowdown in July's inflation rate after June's surge to 2.2%, driven by oil prices and agricultural costs, with future trends dependent on internati...

Economy

Historic Plunge: U.S. Dollar Experiences Its Sharpest Decline in Over Half a Century

The U.S. dollar has experienced its sharpest decline in 51 years, dropping 10.8% in the first half of the year due to unpredictable policies and global uncertainties, marking its s...