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

Steering the Driverless Economy: The Impact of Aging on South Korea’s Economy

As the world navigates the remnants of the…

By Maru Kim

Bank of Korea Governor Says It’s Too Early to Discuss Rate Cuts

South Korea - Bank of Korea Governor Rhee…

By Maru Kim

South Korea’s Economy on the Edge: Challenges and the Need for a New Approach

South Korea's central bank, the Bank of Korea,…

By Maru Kim

Bank of Korea Holds Base Rate Steady Amid Slowing Inflation and Economic Uncertainty

With inflation appearing to slow down and the…

By Maru Kim

World Bank Warns of a “Lost Decade” for Global Economy Amid Pandemic and Ukraine Crisis

The World Bank cautioned that the coronavirus pandemic…

By Maru Kim

South Korea’s Exports in Slump Amid Weak Global Demand and Semiconductor Market

South Korea's early trade data reveals a deepening…

By Maru Kim

South Korea’s Growing Employment Crisis: Record Youth Unemployment and Overwork Issues

South Korea is currently facing two alarming trends…

By Maru Kim

South Korea’s Trade Deficit Hits All-Time High Amid Export Slump

South Korea has recently posted its worst trade…

By Maru Kim

Silicon Valley Bank’s Investment in Long-Dated Bonds Causes Collapse

Silicon Valley Bank (SVB), the preferred bank for…

By Maru Kim