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 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

U.S. Recession Fears Rise as Sahm Rule Signals Economic Concerns

Amidst increasing signs of economic slowdown, the United…

By Maru Kim

Adapting to Change in Busan’s Retail Industry and Self-Employment Crisis

Busan, a city known for its energetic commerce…

By Maru Kim

Rising Trend of Unsold Completed Homes in South Korea

The South Korean housing market is facing a…

By Maru Kim

Japan’s Economic Shift: Deflation to Digital

In a landmark shift from its longstanding economic…

By Maru Kim

South Korea Faces Persistent High Inflation Amid Climate Change

Seoul, South Korea — South Korea is grappling…

By Maru Kim