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.
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
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
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.
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
South Korea's central bank Thursday held its benchmark policy rate at 3% in a surprise move, having delivered two back-to-back cuts in its previous meetings amid a slowing economy. Economists polled by Reuters had estimated a 25-basis-point cut.
Asian stocks climbed following a tepid US session as traders awaited key inflation data that may shed light on the path of Federal Reserve rates over the coming months.
Asian stocks saw small gains while the dollar steadied as traders awaited US inflation data for clues on the path of Federal Reserve policy.
Asian stocks climbed following a tepid US session as traders awaited key inflation data that may shed light on the path of Federal Reserve rates over the coming months.