Tag: economy

Kashkari Hints at Possible Fed Rate Cut by Year-End

Classified as a leading hawk in the Federal Reserve, Neel Kashkari, the President of the Federal Reserve Bank of Minneapolis, stated, "Expectations for a...

From $200 Million to Billions: The Skyrocketing Trade Success Between South Korea and UAE

On May 28, South Korea's Minister of Trade Cheong In Kyo attended the Korea-UAE Business Investment Forum held at the Four Seasons Hotel in...

North Korea’s Push for Female Workers Amid Economic Struggles

North Korea has encouraged women to contribute to factories and labor-intensive economic sectors such as mining. On May 20, Rodong Sinmun introduced stories about women...

South Korea Aims to Improve Investment Conditions Amidst Global Supply Chain Crisis

Choi Sang Mok, Deputy Prime Minister and Minister of Strategy and Finance, stated on the 25th, "We will strengthen the protection system for our...

EU’s Green Shift: Korean Exporters to Feel the Heat

The European Union (EU) is set to increase the burden on Korean companies exporting products with the introduction of the Eco-design Regulation (ESPR) and...

LG Makes a Buzz with First-ever Pollinator Garden in U.S. Headquarters

Provided by LG Electronics LG Electronics announced that on the 22nd (local time), it held an LG Life's Good Earth Day Celebration event themed on...

Crypto-friendly Kennedy Jr. Shakes Up U.S. Election with Blockchain Budget

Robert F. Kennedy Jr., an independent candidate making a significant impact on the U.S. election with a 13% approval rating, announced his intent to...

Russian YouTuber Profits Significantly from U.S. Stocks After Heeding Fan’s Advice Four Years Ago

Russian YouTuber Soviet Girl in Seoul, with 1.07 million subscribers, confessed that she profited from investing in U.S. stocks thanks to a netizen's advice. She...

Tesla’s Rough Patch: Profit and Revenue Expected to Fall

Ahead of Tesla's earnings announcement on the 23rd (local time), Bloomberg reported that Tesla's operating profit is expected to plummet by 40%. Sales are predicted to...

Cashless in Pyongyang: North Korea Adopts Digital Payment Systems

As smartphone payments have become commonplace in convenience stores and supermarkets in South Korea, electronic payment systems using smartphones are also being implemented in...

Inflation Woes: Powell Indicates Long-Term High Interest Rates

On the 16th (local time), the Wall Street Journal (WSJ) reported that Chairman of the Federal Reserve Jerome Powell warned that the current high interest rates...

KAMCO Attains Top Safety Rating in Public Agency Evaluation

KAMCO (Korea Asset Management Corporation) announced on the 16th that it achieved the highest grade, A, among the same evaluation groups (fund management quasi-government...

No Surge in Oil Prices Despite Iran-Israel Tensions

Despite Iran's retaliatory attack on Israel, international oil prices are falling. International oil prices are slightly down in the Asian market on the morning of...

North Korea’s Troubled Economy: $22 Billion Trade Deficit with China

North Korea's trade deficit with China over the past 30 years was revealed to have exceeded $22 billion (29.997 trillion KRW). Voice of America (VOA)...