The Korea Development Institute (KDI) said in its monthly economic assessment on Monday that South Korea’s recovery is broadening, led by semiconductor-related industries. Exports and equipment investment have maintained strong growth driven by semiconductors, while durable-goods spending is accelerating overall consumption. Services remain solid and manufacturing has rebounded, lifting aggregate industrial production. KDI warned the economy still faces uncertainties from U.S. tariff policy and

2026-08-10

The Korea Development Institute (KDI) said in its monthly economic assessment on Monday that South Korea’s recovery is broadening, led by semiconductor-related industries. Exports and equipment investment have maintained strong growth driven by semiconductors, while durable-goods spending is accelerating overall consumption. Services remain solid and manufacturing has rebounded, lifting aggregate industrial production. KDI warned the economy still faces uncertainties from U.S. tariff policy and ongoing Middle East geopolitical instability, and noted elevated inflation and worsening employment are weighing on the recovery.

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2026-08-09

Iran's foreign minister Araghchi said some mediating countries are still trying to create conditions for renegotiation, and that, in his view, talks cannot resume until the US ends and remedies its violations of the Islamabad memorandum.

2026-08-09

Two Turkish government officials said on Sunday that, despite heightened security concerns, vessels are continuing to transit the Turkish Straits to the Black Sea. Turkey had earlier restricted commercial access after attacks on Black Sea ships, including Turkish-flagged vessels, and has repeatedly warned Moscow and Kyiv to take measures to secure navigation; on Saturday Foreign Minister Hakan Fidan said Ankara had urged both sides to declare a suspension of strikes in the Black Sea. The officia