Defense contractors in Asia stand to benefit from new contracts from European countries who look to bolster their militaries and turn away from relying on the U.S. to produce their weapons.
Tag: South Korea
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SOUTH KOREA’S CENTRAL BANK CUTS INTEREST RATE
On 28 November, the Bank of Korea shaved a quarter point from its key lending rate, dropping it to 3 percent, partly over concerns that looming U.S. tariffs could damage South Korea’s export-dependent economy, the Financial Times reported.
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GLOBAL MANUFACTURING SHOWED MIXED RESULTS IN JUNE
Europe’s manufacturing activity stumbled in June, with the Hamburg Commerce Bank’s purchasing managers index (PMI) for the region sinking to 45.8 after notching 47.3 in May.
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PUTIN SIGNS MUTUAL DEFENSE PACT WITH NORTH KOREA, TURNING U.S. EFFORT FOR PACIFIC DOMINANCE ON ITS HEAD
While the Western media tried to poke fun at Russian President Vladimir Putin and North Korea’s Kim Jong Un meeting in Pyongyang last week, the two came up with a mutual defense pact that was heard loud and clear from Seoul to Washington.
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U.S., SOUTH KOREA, JAPAN, FORM TRILATERAL MILITARY ALLIANCE TO COUNTER CHINA, ADDING TO TENSIONS IN REGION
Top national security advisers from the U.S., Japan, and South Korea met earlier this month in Seoul to follow up on the high-profile Camp David Summit in August with their countries’ leaders where countering China emerged as the conversation’s centerpiece.
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SOUTH KOREA CLAMPS DOWN ON PRESS FREEDOM UNDER THE GUISE OF TARGETING ‘FAKE NEWS’
Top politicians from South Korean President Yoon Suk Yeol’s People Power Party have announced new efforts to crack down on the news media by resorting to lawsuits and new regulations to weed out so-called “fake news” outlets.
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SOUTH KOREA’S EXPORTS CONTINUE THREE-YEAR LOSING STREAK
In April, South Korea's exports declined 14.2 percent, year on year, for the seventh consecutive month, their longest slide since the beginning of the COVID War, Reuters reported.
