Friday, May 16, 2025

economy

South Korea’s Exports Plunge in May Amid Tariff Shock

South Korea’s exports plunge in May, dropping nearly 24 percent in just ten days. The fall marks a sharp reversal from April’s brief rebound....

China Upgrades Free Trade Zones

China upgrades free trade zones to strengthen their role in global trade and domestic reform. During a State Council meeting on Friday, Premier Li...

Toyota Forecasts 35% Profit Drop Amid Trump’s Auto Tariffs and Global Trade Shifts

Toyota, the world’s largest automaker, has forecast a steep 35% drop in net profit for fiscal 2025–26, citing the impact of U.S. vehicle tariffs...

China insists US requested tariff talks

Beijing has confirmed that the US requested tariff talks, pushing back against claims that China initiated the discussions. A Chinese Embassy spokesperson said on...

Korea–US interest rate gap pressures BOK policy

The Korea–US interest rate gap has emerged as a central challenge for South Korean policymakers this month. After the US Federal Reserve held its...

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