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Auto exports down in South Korea on US import tariffs
IANS | 17 Jun, 2025
South Korea's car exports shrank more than 4 per cent from a year earlier in May as outbound shipments to the United States sharply dropped on Washington's hefty tariffs on imported vehicles, data showed on Tuesday.
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South Korea's economy shrinks 0.2 pc in Q1
IANS | 05 Jun, 2025 |
| The South Korean economy contracted 0.2 per cent in the first quarter of this year, unchanged from an earlier estimate, central bank data showed Thursday, due mainly to a domestic political crisis and uncertainties stemming from U.S. President Donald Trump's administration's aggressive tariff scheme |
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Reviving economy top agenda for Lee amid US tariffs, weak domestic demand
IANS | 04 Jun, 2025 |
| Facing the dual challenges of the United States' aggressive tariff scheme and sluggish domestic demand, President-elect Lee Jae-myung is expected to prioritise securing a favourable trade deal with Washington and implementing measures to revitalise the stagnant economy through supplementary budgets and the promotion of advanced industries, experts said on Wednesday. |
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