Economy

Explore the latest economic developments and business insights that shape Busan’s financial landscape. Our Economy Section provides comprehensive coverage and analysis to keep you informed about the forces driving the local and regional economy.

Latest Economy News

South Korea’s Political Turmoil and Its Economic Fallout

South Korea’s economy is facing one of its…

By Maru Kim

Stalled Social Mobility in South Korea

A recent report from Statistics Korea has highlighted…

By Maru Kim

Economic Turmoil Deepens: Rising Foreclosures and Political Unrest Shake Markets

South Korea is navigating a perfect storm of…

By Maru Kim

From Clothing to Transport: Where Koreans Cut Back Most

South Korea's economy is sending troubling signals as…

By Maru Kim

Korea’s Interest Rate Cuts: Bold Move or Risky Gamble?

Seoul, South Korea - In a surprising turn,…

By Maru Kim

South Korea’s Retail Sales Slump and Elderly Labor Surge

Imagine an economy where spending stalls for nearly…

By Maru Kim

Global Rate Cuts and South Korea’s Economic Challeng

In response to evolving global economic conditions, central…

By Maru Kim

How the U.S. Fed’s 2024 Rate Cut Affects South Korea’s Economy

In September 2024, the U.S. Federal Reserve slashed…

By Maru Kim

Is South Korea Facing a Prolonged Recession? 

As South Korea grapples with rising inflation and…

By Maru Kim

Bank of Korea Holds Interest Rate at 3.50%, Signals October Cut

Seoul, South Korea - The Bank of Korea…

By Maru Kim