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IMF slashes Korea’s growth forecast

The International Monetary Fund (IMF) has sharply downgraded South Korea’s 2024 economic growth forecast, citing growing domestic political uncertainty and fallout from U.S. President Donald Trump’s aggressive tariff policies. With other major institutions also lowering their outlooks, concerns are mounting that the Korean economy may be sinking into a prolo..

Exchange rate crosses 1,430 won per US dollar
AsiaToday reporter Jeong Geum-minThe won-dollar exchange rate crossed the 1,430-won mark per U.S. dollar for the first time in more than 13 years. As..

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