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Korea Records ‘Triple Minus’ in Industrial Output, Consumption, and Investment Amid U.S. Tariff Pressure

Korea Records ‘Triple Minus’ in Industrial Output, Consumption, and Investment Amid U.S. Tariff Pressure

SEOUL, May 30 (Korea Bizwire) — South Korea’s economy showed renewed signs of weakness in April, with industrial production, consumption, and investment all posting declines — the first “triple minus” since January — as the impact of new U.S. auto tariffs begins to ripple through key sectors. According to data released Friday by Statistics Korea, [...]

S. Korean Industries to See Modest Recovery in 2024: Think Tank

S. Korean Industries to See Modest Recovery in 2024: Think Tank

SEOUL, Oct. 18 (Korea Bizwire) — Most South Korean industries are likely to see a modest recovery next year, with rechargeable batteries, automobile and shipbuilding sectors expected to show robust growth, according to a think tank Wednesday. The Hana Institute of Finance stressed the need to prepare for China’s slowing growth, strengthening of global environmental [...]