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Author: Dareen Cone

Economy
The Largest Trade Deficit in South Korea’s History Has Been Announced

The Largest Trade Deficit in South Korea’s History Has Been Announced

Last year, South Korea experienced its largest trade deficit since 1956—a staggering $47.5 billion, according to the country's customs agency statistics. This was an enormous increase from 1996 when the nation registered just a $20.6

Economy
Norwegian Wealth Fund Lost More than 150 billion Euros in 2022

Norwegian Wealth Fund Lost More than 150 billion Euros in 2022

Norwegian wealth fund, one of the most affluent investors in the world, reported an unprecedented loss of 1.64 trillion crowns ($164.4 billion) for 2022 - its worst since a 633 billion crowns debacle back in

Economy
South Korea Is Heading Towards Recession

South Korea Is Heading Towards Recession

On Wednesday, South Korea's January trade deficit surged to a new high due to the combined effects of extended holiday periods and weak global demand, signaling that its economy was teetering towards its first recession