S. Korea's Imports of Japanese Products Plunge 37% in April

May 25, 2020 22:26 pm UTC| Economy

South Korea imported US$249 million worth of Japanese consumer goods in April, down 37 percent from last year, mainly due to backlash from Korean consumers against Japans export restrictions. Imports of Japanese beer...

Coronavirus won't kill globalisation – but a shakeup is inevitable

May 25, 2020 12:33 pm UTC| Economy

The COVID-19 pandemic is now expected to trigger the worst economic downturn since the Great Depression. Many argue it could unravel globalisation altogether. Globalisation relies on complex links global value chains...

China Crisis Series

China's new coronavirus recovery strategy explained

May 25, 2020 12:30 pm UTC| Economy Politics

When Chinese Premier Li Keqiang delivered his annual report to Chinas national legislature on May 22, his focus was firmly on COVID-19. His 55-minute speech to the annual gathering of Chinas National Peoples Congress (NPC)...

Vietnam's prudent, low-cost approach to combating Covid-19

May 25, 2020 12:29 pm UTC| Economy

The author has been on a research visit at the Da Nang University of Economics since February 2020. The article is based on his personal observations, exchange with local residents, and independent research based on public...

Indian Economy to Shrink for the First Time in 41 Years

May 25, 2020 05:19 am UTC| Economy

Indias economy would plummet for the fiscal year of 2020-2021 despite a rebound in activity in the coming months, says the head of Indias central bank Shaktikanta Das. He gave his projection while announcing a slew of...

S. Korea's Exports of New-Industry Goods Surge 17% in Q1

May 23, 2020 03:50 am UTC| Economy

South Koreas exports of eight new-industry goods in the first-quarter jumped 17 percent from the previous year to $21 billion despite a drop in overall exports. The goods include aviation products and drones, biohealth...

S. Korea's Income Gap Widens as COVID-19 Cuts Down Low-Paying Jobs

May 22, 2020 01:34 am UTC| Economy

The income disparity between the top 20 percent and bottom 20 percent of households widened with many of the countrys low-paying jobs being slashed due to the COVID-19 pandemic. The average monthly income of households...