Economy

Seoul, South Korea - The Bank of Korea (BOK) has once again opted to maintain its key interest rate at 3.50%, a decision that marks the 13th consecutive rate hold since early 2023. This cautious approach comes amidst a backdrop of easing inflation, persistent household debt, and modest economic

Amidst increasing signs of economic slowdown, the United States faces rising fears of a recession. The activation of the Sahm Rule, an indicator of economic downturns, has intensified scrutiny from economists and policymakers. The potential implications of this economic uncertainty are far-reaching, notably affecting South Korea, a significant trading partner

Busan, a city known for its energetic commerce and bustling local businesses, is undergoing a significant transformation. The Covid-19 pandemic has accelerated a shift towards online shopping, leading to the closure of numerous major retail outlets and a dramatic decline in self-employment. Recent statistics underscore a deepening 'self-employment crisis,

The South Korean housing market is facing a significant challenge with the continuous increase of unsold completed homes, commonly referred to as "malicious unsold homes." These properties, which remain unsold despite being fully constructed, have been on an upward trend for the past ten months, creating considerable burdens

In a landmark shift from its longstanding economic policy, Japan's central bank has recently ended its era of negative interest rates, a policy that had been in place since 2016. This change marks a pivotal moment for Japan as it grapples with various economic challenges, from wage stagnation

Seoul, South Korea — South Korea is grappling with the prospect of entrenched high inflation, driven not just by temporary economic pressures but by a deepening structural crisis exacerbated by climate change. The government's optimistic forecast for inflation stabilization appears increasingly out of reach as consumer prices continue to