Yuan-based trade settlements between South Korea and China are projected to more than double by 2030, driven by supply chain shifts and yuan internationalization, with calls to develop a yuan-denominated Kimchi bond market to meet rising financial sector demand.
#YonhapInfomax #YuanSettlement #BankOfKorea #KimchiBond #TradeVolume #ChinaSouthKoreaTrade #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=93312

South Korea's National Security Chief Wi Sung-rak said a North Korea-US summit at APEC is unlikely but all scenarios are being prepared for, as Seoul aims to boost ASEAN trade to $300 billion and deepen regional ties.
#YonhapInfomax #WiSungRak #ASEAN #APEC #TradeVolume #LeeJaeMyungAdministration #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=87293

South Korea and Japan reaffirmed the necessity of bilateral cooperation, with leaders highlighting the resumption of shuttle diplomacy and record-high trade and exchanges as both nations mark 60 years of normalized relations.
#YonhapInfomax #SouthKorea #Japan #ShuttleDiplomacy #TradeVolume #BilateralCooperation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=81714

President Lee Jae-myung has set a target to boost South Korea-Vietnam trade to $150 billion by 2030, emphasizing expanded cooperation in infrastructure, advanced industries, and culture, as both nations mark deepening economic ties and celebrate the 10th anniversary of their FTA.
#YonhapInfomax #SouthKoreaVietnam #TradeVolume #FTA #Investment #PresidentLeeJaeMyung #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=76085

Dallas Fed's manufacturing index for Texas plummets to -35.8 in April, marking worst performance in 5 years and falling below market expectations, signaling continued economic contraction in the region.
#YonhapInfomax #DallasFed #ManufacturingIndex #TexasEconomy #EconomicContraction #TradeVolume #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=60772

The Babu'l Mendep Strait experienced a 59.2 percent slowdown in trade volume for the week ending January 21 compared to the same period in 2023. Concurrently, the Suez Canal's trade volume declined by 44 percent, while the trade volume of the Cape of Good Hope increased by 55.5 percent in the 7 days under consideration. #SuezCanal #CapeOfGoodHope #GlobalTrade #FreightPrices #ShippingIndustry #TradeVolume #SupplyChainChallenges

The Suez Canal, a critical waterway handling about 12% of global trade, has seen a decrease in traffic. This has led to longer travel times and increased costs for ships circumventing the Cape of Good Hope, resulting in a substantial surge in freight prices, up by 186.8%. As of January 25, the annual increase in the freight price of 40 containers reached 93.6%, with a weekly increase of 5%. This upward trend has persisted for 8 weeks. #GlobalTrade #FreightPrices #ShippingIndustry #TradeVolume