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Economics

Displaying all content tagged with the location Economics.
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The world is turning its attention to China’s economy and Korea is taking note. The South Korean Ministry of Finance put together an all-government task force to respond to the potential negative effects of the downfall of China’s largest property developer, Evergrande, which recently cancelled the restructuring of more than $19 billion of debt affecting…

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Region: Asia

October 16, 2023

What Happened Nuclear reactor at Wolsong-1 was closed earlier than expected after the government claimed that the reactor was not economically efficient. The National Assembly commissioned an audit to verify the shut-down process after lawmakers argued that an early closure was initiated despite lack of sufficient evidence. Although the Board of Audit and Inspection (BAI) was required to submit…

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October 22, 2020