Global Economic Times

2026.05.08 (Fri)
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South Korea’s KOSPI Surges to 7th in Global Market Cap, Overtaking Canada and UK

SEOUL — In a historic shift for global equity markets, the South Korean stock market has ascended to the rank of the world’s seventh-largest by market capitalization. This milestone comes
Gmarket’s Cinematic Ad Campaign Goes Viral, Sparking High Anticipation for ‘Big Smile Day’

SEOUL, South Korea – Gmarket, one of South Korea’s leading e-commerce platforms, is witnessing a massive pre-event surge in consumer interest. The company’s latest star-studded adver

Chinese Automakers Pivot to Global Markets as Domestic Demand Falters and Oil Prices Soar

As high international oil prices reshape global consumer behavior, Chinese automakers are aggressively accelerating their overseas expansion to offset a cooling domestic market. Major players includin

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South Korea’s Energy Relief Fund Hits 76% Application Rate in Debut Week; ₩1.4 Trillion Distributed: SEOUL – In a rapid response to the burgeoning financial pressure of global energy costs, South Korea’s "High Oil Price ...; Global Economic Times Reporter 2026.05.04

South Korea’s April Exports Hit Record $85.9 Billion, Driven by AI-Fueled Semiconductor and SSD Surge: SEOUL — South Korea’s export machine has reached an unprecedented milestone, fueled by a global explosion in Artificia ...; Global Economic Times Reporter 2026.05.02

KOSPI Breaks 6,600 Barrier for First Time, Ushering in 6,000 Trillion Won Era: On April 27, the Korea Composite Stock Price Index (KOSPI) closed at a record-breaking 6,615.03, jumping 139.40 points (2.15%) fro ...; Global Economic Times Reporter 2026.04.28

Coffee and Pay Vouchers Take Center Stage: KT Alpha Reports 65% Surge in Mobile Gifting for Labor Day: SEOUL – As Labor Day approaches on May 1st, the landscape of corporate rewards in South Korea is shifting rapidly toward dig ...; KO YONG-CHUL Reporter 2026.04.25

Diesel Prices Surpass ₩2,000 Milestone Amid Middle East Tensions and Price Cap Implementation: SEOUL – South Korea’s energy market faced a historic milestone on Friday as domestic diesel prices breached the 2,000- ...; Kim Sungmoon Reporter 2026.04.25

KOSPI Hits All-Time High Amid Mid-East Volatility; Samsung Electronics Surges: SEOUL – The South Korean stock market demonstrated remarkable resilience on Thursday, as the benchmark KOSPI index shrugged ...; KO YONG-CHUL Reporter 2026.04.23

Government Freezes Fuel Price Caps and Expands LPG Tax Cuts to Combat Inflation: SEOUL – In a decisive move to shield households from persistent inflationary pressures, the South Korean government announce ...; Global Economic Times Reporter 2026.04.23

Naphtha Prices Skyrocket 68%: South Korea Braces for Producer Price Surge: South Korea’s production costs have hit a fever pitch as the Producer Price Index (PPI) extended its climbing streak for a s ...; Global Economic Times Reporter 2026.04.22

Gov't Launches 'One-Team' Initiative to Transform Regional Airports into Tourism Hubs: The South Korean government has officially embarked on a collaborative effort to transform regional airports into strategic gatewa ...; KIM YOUNG MIN 2026.04.21

From Safety Drivers to Fully Autonomous: South Korea to Launch First Unmanned Trucking Service in June: SEOUL — The landscape of South Korea’s logistics industry is set for a historic shift this summer. Starting in June, a ...; Hwang Sujin Reporter 2026.04.19

Nasdaq Gains 1% as Semiconductor Surge Trumps Middle East Tensions: The global financial markets are showing signs of "war fatigue," as investors increasingly bet on diplomatic resolutions over geop ...; Ana Fernanda Reporter 2026.04.14

BOK Holds Rate Steady for Seventh Consecutive Meeting, Signaling End of Easing Cycle: The Bank of Korea (BOK) on Friday maintained its benchmark interest rate at 2.50%, marking the seventh consecutive session of stat ...; Global Economic Times Reporter 2026.04.10

South Korean Financial Groups Surpass ₩4,000 Trillion in Total Assets; Net Profit Hits ₩26.7 Trillion Amid Stock Market Rally: The combined total assets of South Korea’s major financial holding companies have officially crossed the ₩4,000 trillion mil ...; Hwang Sujin Reporter 2026.04.09

The End of ‘Panic Buying’: Financial Decoupling Freezes Korean Real Estate and Auction Markets: SEOUL – The era of "Young-kkeul"—a popular Korean term meaning "pulling every last soul" to secure a mortgage—ha ...; Desk 2026.04.09

Tensions Resurface in Middle East, Sending KRW/USD Exchange Rate Rebounding Toward 1,480 Won: SEOUL — The South Korean won took a sharp turn for the worse on Thursday, erasing a portion of the previous day’s sign ...; Hwang Sujin Reporter 2026.04.09

High Oil Prices Spare No One: Diesel Surpasses 2,000 Won for the First Time in 44 Months: (C) Cedirates Despite a recent breakthrough in geopolitical tensions with a two-week ceasefire agreement between the United Sta ...; Global Economic Times Reporter 2026.04.09

KOSPI Surges Back to 5,870 Mark as U.S.-Iran Ceasefire Triggers Global Market Rally: SEOUL — South Korean financial markets experienced a dramatic rebound on Wednesday as investor sentiment shifted from fear t ...; KO YONG-CHUL Reporter 2026.04.08

South Korea Gears Up for Rapid $19 Billion Extra Budget Push to Combat Middle East War Fallout: SEOUL — The South Korean government is moving at full throttle to deploy a massive 26.2 trillion won (approximately $19.3 bi ...; Hwang Sujin Reporter 2026.04.06

Samsung Electronics Hikes Prices for High-Capacity Foldables Amid Currency Woes and Rising Component Costs: SEOUL — Samsung Electronics has officially adjusted the factory prices of several high-capacity smartphone models, citing th ...; Yim Kwangsoo Correspondent 2026.04.02

"1 Trillion Won in Interest Over Two Years"... Hanwha Solutions Faces 280-Billion Won Debt Bomb This Year: Failed to meet financial covenants for a 370-billion won foreign currency loan.Operating losses exceeded 300 billion won for two c ...; Global Economic Times Reporter 2026.04.02

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