War, weak growth, and policy uncertainty around Trump’s return already threaten the Korean economy. An extended political crisis will make things worse.
Political turmoil over impeached President Yoon Suk Yeol, who failed a martial law attempt in December, and sluggish domestic demand weighed on Asia’s fourth-largest economy.
Korea faces economic growth gap with U.S.; need for measures to retain investments Koreas investment landscape faces challenges amidst diverging economic trends with the U.S.
The U.S. dollar is expected to maintain its strength over the next two years before likely experiencing a sharp decline around 2027, Charles Goodhart, 88, professor emeritus at the London School of Economics,
Despite mounting woes leading to weak growth momentum, South Korea's central bank kept its benchmark interest rate frozen Thursday in the wake of the weak local currency and uncertainties stemming from the new Donald Trump administration.
The surprise decision came as South Korea's trade-dependent economy faces challenges from weakening export growth and a sluggish recovery in domestic demand, partly hindered by political turmoil following impeached President Yoon Suk Yeol's short-lived declaration of martial law in December.
U.S. stocks rose to a record as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year. The S&P 500 rose 0.5% Thursday amid
U.S. stocks are drifting toward a record amid a relatively quiet day on Wall Street. The S&P 500 rose 0.2% in late Thursday trading and was on track to surpass
Economists say there are worries that the Trump administration will introduce trade policies against South Korea too, after Asia's fourth-largest economy earned a record-high surplus of $55.7 billion in trade with the U.S. in 2024, up 25.4% from 2023.
Explore what to expect with the KOSPI 200 index after the latest Bank of Korea interest rate decision in which officials left rates intact
Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. U.S. futures edged lower and oil prices fell after U.S. President
South Korean President Yoon Suk-yeol tried to demolish his country’s democracy. In a shocking late-night television address, Yoon declared “emergency martial law” and put the country under military rule.