The Latest Breaking News from Rhee Changyong

S. Korea's Economy Shrinks In First Quarter As Trade War Hits Exports

South Korea's economy unexpectedly contracted 0.1 percent in the first three months of this year, the country's central bank said Thursday, as the Asian export giant reels from months of political chaos and heightened trade tensions.

International Business Times · Apr 24, 2025

Trump's Trade Policies Pose Greater Risk To South Korea's Economy Than Domestic Martial Law Crisis, Says Central Bank Chief: 'A Lot More Uncertainty'

The governor of the Bank of Korea, Rhee Chang-yong, expressed that the South Korean economy is more threatened by the trade policies of Donald Trump than the current political crisis in the country.

Benzinga · Dec 6, 2024