The Korea-US Economic and Trade Agreement: Changes and Concerns in the Business Sector
On August 1st, the economic and trade negotiations between South Korea and the United States reached an agreement.
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On August 1st, the economic and trade negotiations between South Korea and the United States reached an agreement.
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US President Trump officially signed an executive order this week announcing the imposition of punitive tariffs on some Indian goods imported to the US, with a cumulative tax rate of up to 50%, targeting India's electronic products, jewelry, and some chemical products.
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Two star companies in the US chip industry simultaneously "shut down" this week. After AMD released its second-quarter financial report, despite its revenue reaching a record high of 7.69 billion US dollars, its share price dropped by 4% to 6% due to operational losses caused by weak data center business and restricted exports to China.
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On August 5, 2025, Australia announced the signing of the largest defense agreement in its history with Japan, purchasing 11 Japanese "Miyagi"-class frigates for 6.5 billion US dollars (approximately 10 billion Australian dollars).
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By 2025, the global automotive industry is poised for a new wave of collaboration. General Motors and Hyundai have announced they will jointly develop five new models for the Americas, including four for Central and South America and an electric van for North America.
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A fierce legal battle surrounding core technology and business reputation is unfolding between global semiconductor giants YMTC and Micron in the United States.
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Recently, the US pharmaceutical market has been swept by a storm. Trump sent letters to 17 global pharmaceutical giants, demanding that they lower the prices of drugs in the United States within 60 days, or else he would resort to all means.
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On August 5, 2025, Mazda Motor Corporation's second-quarter financial report struck like a heavy hammer, sending shockwaves throughout the global automotive industry—its net profit attributable to shareholders plummeted from a profit of 49.8 billion yen in the same period last year to a loss of 42.1 billion yen (approximately $285 million).
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As the South Korean government is about to make a decision on whether to allow the transmission of precise map data, the Us-Based Google has indicated its willingness to purchase occluded satellite images within South Korea to allay concerns over national security.
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On July 31st, the US government dropped a bombshell, announcing the imposition of differentiated tariffs ranging from 10% to 41% on approximately 70 countries and regions worldwide. The implementation will commence on August 7th.
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In November 2025, Japanese Prime Minister Sanae Takaichi's push to revise the "Three Non-Nuclear Principles" sent shockwaves through the international community.
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