Korea Trendy News-en

President Lee Jae-myung's administration is set to launch a comprehensive economic stimulus program on July 21, targeting the revival of Korea's struggling traditional markets and local businesses. A Bold Economic Recovery Initiative President Lee Jae-myung took to Facebook on July 12 to emphasize the importance of revitalizing neighborhood commercial districts, stating that "when local markets thrive, the economy thrives." The President strongly advocated for the successful implementation of the People's Recovery Consumption Coupon policy, expressing his commitment to fostering economic virtuous cycles through increased domestic consumption. The government's People's Recovery Consumption Coupons represent a large-scale domestic demand stimulation policy, providing a minimum of 150,000 won (approximately $115 USD) per person to all Korean citizens. This policy is considered a ...

Bitcoin Surges Back Above $105,000 Level July 7, 2025, marked a dramatic turnaround for Bitcoin as the world's largest cryptocurrency staged a remarkable V-shaped recovery, climbing back above the $105,000 level. This surge came after a sharp decline the previous day, with the recovery driven by growing expectations surrounding President Trump's anticipated new tax legislation framework. The cryptocurrency market witnessed a significant spike in liquidity across digital assets over the past 24 hours, with Bitcoin leading the charge. Market analysts attribute this sudden reversal to a combination of political developments and economic news emanating from the United States, particularly speculation about the Trump administration's forthcoming tax policy reforms. Trump Administration's Crypto-Friendly Stance Since taking office in January 2025, the Trump administration has consistently pursued policies favorable to the cryptocurrency industry. The administrati...

The Great Disconnect: Markets vs Reality While stock markets have surged to record highs since the COVID-19 pandemic, the real economy continues to struggle with sluggish recovery. Economic experts are warning that the current stock market boom may not reflect actual economic conditions, raising concerns about sustainability and potential risks ahead. Artificial Liquidity-Driven Growth Since early 2020, when the COVID-19 pandemic began spreading globally, central banks dramatically cut interest rates while governments implemented massive fiscal stimulus programs. This unprecedented liquidity injection propelled stock markets to consecutive record highs, but the underlying economy has shown much slower recovery patterns. South Korea's stock market has recently broken through previous resistance levels, continuing its upward trajectory. However, domestic demand remains weak and small and medium enterprises (SMEs) face ongoing difficulties, highlighting the widening gap betw...