Alibaba’s AliExpress and PDD’s Temu faces supply chain challenges in South Korea
Alibaba's AliExpress and PDD-owned Temu are gaining popularity in South Korea, boasting millions of monthly users.
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Asian markets face muted outlook as uncertainty lingers: regional data and Taiwan elections in focus
The week's biggest highlight, however, will undoubtedly be the Taiwanese presidential and parliamentary elections on Saturday, January 13th. These elections, seen as a flashpoint for broader China-Taiwan tensions, come at a time of heightened regional anxieties following recent U.S. arms sales to the island nation.
South Korea faces domestic demand slowdown despite export recovery, says KDI
South Korea is grappling with a mild deceleration in domestic demand, particularly in private consumption and investment, attributed to elevated interest rates.
Kim Yo Jong issues stark warning of military strike as response
Tensions rise on the Korean Peninsula as North Korea's Kim Yo Jong, issues a warning of immediate military action in response to any provocation.
North Korean artillery exercises extend into 3rd Day, heightening regional tensions and prompting vigilance from South Korea
In a series of events that have escalated concerns in the region, the North Korean Armed Forces have persisted in conducting artillery exercises for the third consecutive day on the western coast of their country, specifically north of Yeonpyeong Island in the Yellow Sea.
North Korea’s artillery shells increase tensions with South Korea
North Korea's firing of over 200 artillery shells towards South Korea's Yeonpyeong island intensifies regional tensions, as concerns grow over the potential for conflict in the Korean peninsula.
Kim Jong Un unveils new plan for agricultural overhaul in response to North Korea’s food crisis
The aim is to establish a solid groundwork for the stable and continuous development of the agricultural sector, as reported by the state-run Korean Central News Agency on Tuesday.
South Korea adapts economic strategy to navigate inflation challenges and foster growth
In its fight against persistently high inflation, the finance ministry outlines a multifaceted strategy. Plans include bringing down inflation to the 2% level within the first half of 2024 through policy measures such as tax and tariff cuts, freezing public utility costs, and other interventions.
Asia extends market gloom as dollar reigns supreme
South Korea's benchmark Kospi index sank 1.8%, mirroring the anxieties gripping Wall Street and other major financial hubs. Down under, Australia's resource-heavy stocks couldn't escape the contagion, tumbling 1.1% as commodity prices remained under pressure.
South Korea’s exports see mixed signals in December: chip boom offsets China slump
While overall exports continued their three-month upward trend, the pace of growth slowed significantly, highlighting underlying vulnerabilities in the world's fourth-largest economy.
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