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South Korea's economy shrinks in first quarter as trade war hits exports
SEOUL: South Korea's economy unexpectedly contracted 0.1 per cent in the first three months of this year, the Bank of Korea said on Thursday (Apr 24), as the country reels from months of political chaos and heightened trade tensions.
Data from the Bank of Korea showed that the drop was mostly due to a fall in construction, with the sector contracting 12.4% ...
Treasury Secretary Scott Bessent hinted that the US and South Korea could reach a trade agreement as early as next week, ...
The Chinese government has warned South Korean companies of retributions if they continue exporting products containing its ...
We will be affected directly by the U.S. tariffs [and] also indirectly by their tariffs to other countries,” said Rhee Chang ...
South Korean consumer sentiment edged up only slightly in April despite a significant reduction in political uncertainty.
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