Global Economic Times

2026.03.22 (Sun)
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Saudi Arabia Warns of $180 Oil as Iran Conflict Threatens Global Energy Security

RIYADH — Saudi energy officials have issued a stark warning that international crude prices could surge past $180 per barrel if the ongoing conflict in Iran and subsequent supply disruptions ext
South Korea Unveils $47 Million "AX One-Stop" Initiative to Accelerate Industrial AI Transformation

SEOUL — In a bold move to cement its position as a global AI powerhouse, the South Korean Ministry of Science and ICT (MSIT) announced today a massive investment of 625.46 billion KRW (approxima

Finance Chief Koo Vows All-Out Measures to Stabilize Markets Amid Rising Global Volatility

SEOUL — South Korea’s top economic policymaker declared on Thursday that the government is prepared to mobilize all available policy tools, including a supplementary budget and massive mar

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Kakao Maintains 16% R&D Investment Ratio, Betting on ‘Model Orchestration’ Strategy: SEOUL – Kakao is carving out a distinct path in the global artificial intelligence race, prioritizing "efficiency and orches ...; Hwang Sujin Reporter 2026.03.19

KOSPI Plummets 2.73% to Close at 5,763.22 Amid Aggressive Institutional and Foreign Selling: SEOUL – The South Korean benchmark KOSPI index took a sharp dive on Thursday, erasing previous gains as heavy selling by for ...; Kim Sungmoon Reporter 2026.03.19

Cash-Flow Lifeline: Korea’s 'Win-Win Payment' Platform Eyes 200 Trillion Won Milestone: (C) Dreamstime.com SEOUL — South Korea’s "Win-Win Payment System" (Sang-saeng) is set to leap forward as a cornerst ...; Global Economic Times Reporter 2026.03.19

Mid-Tier Card Issuers Ignite "Bloody Competition" with Cashback Equivalent to 26 Years of Fees: SEOUL — South Korea’s mid-tier credit card companies have entered a high-stakes marketing war, offering unprecedented ...; Hee Chan Kim Reporter 2026.03.18

Foreign Investors Return: KOSPI Reclaims 5,900 Mark Amid Geopolitical Recovery: SEOUL — The South Korean equity market witnessed a historic surge on Wednesday, with the benchmark KOSPI reclaiming the 5,90 ...; Hwang Sujin Reporter 2026.03.18

“Building a Self-Sustaining Ecosystem”: Retail Giants Race to Upgrade Payment and Settlement Infrastructure: The landscape of the Korean retail industry is undergoing a fundamental shift. No longer content with simply hosting products, maj ...; Kim Sungmoon Reporter 2026.03.17

Won Breaches 1,500 Mark for First Time Since Financial Crisis; KOSPI Stabilizes at 5,500 Amid Chip Rally: SEOUL – The South Korean financial markets faced a day of extreme volatility on Monday, as the won-dollar exchange rate surg ...; KO YONG-CHUL Reporter 2026.03.17

Jeju Bank Leapfrogs into 'Tech-fin' Powerhouse: AI Now Screens Over Half of Corporate Loans: Jeju Bank is accelerating its transition into a digital platform bank by deploying a proprietary Artificial Intelligence (AI)-base ...; Hwang Sujin Reporter 2026.03.16

Gas Prices Edge Lower on First Weekend of Price Cap Amid Middle East Tensions: SEOUL — South Korea’s domestic fuel prices maintained a downward trend over the first weekend since the implementation ...; Desk 2026.03.16

KRW Touches 1,500 Mark Amid Middle East Turmoil and Sticky U.S. Inflation: SEOUL – The South Korean won breached the psychologically significant 1,500 level against the U.S. dollar in overnight tradi ...; Kim Sungmoon Reporter 2026.03.15

Gas Prices See Double-Digit Drop on Second Day of Price Cap; Gap Between Gasoline and Diesel Narrows: SEOUL – South Korea's nationwide average fuel prices continued their sharp descent for the second consecutive day following ...; KIM YOUNG MIN Specialized Reporter 2026.03.15

BOK Adopts ‘Wait-and-See’ Stance Amid Rising Middle East Tensions: SEOUL — The Bank of Korea (BOK) announced on Thursday that it intends to maintain a "cautious neutral stance" regarding its ...; Yim Kwangsoo Correspondent 2026.03.12

Hanpass Set to Debut on KOSDAQ This Month: Aiming to Become a ‘Total Lifestyle Platform’ for Foreigners: SEOUL – Hanpass, South Korea’s leading overseas remittance platform for foreign residents, is accelerating its leap to ...; Global Economic Times Reporter 2026.03.12

South Korean Industry Under Siege: Record Oil Prices, Logistics Chaos, and U.S. "Super 301" Tariff Pressure: The South Korean industrial sector has entered a state of "quadruple jeopardy." Already reeling from skyrocketing global oil price ...; Global Economic Times Reporter 2026.03.12

Korea’s Per Capita Income Trapped in $30,000 Range for 12 Years Amid Exchange Rate ‘Booby Trap’: SEOUL — South Korea’s per capita Gross National Income (GNI) has remained stuck in the $30,000 range for over a decade ...; Kim Sungmoon Reporter 2026.03.11

Refining the Narrative: S. Korean Refiners Clarify Misconceptions Over Surging Fuel Prices: SEOUL — As the shadow of global conflict pushes international crude oil prices past the $100 per barrel mark, South Korean c ...; KO YONG-CHUL Reporter 2026.03.11

SK Inc. to Retire $3.6 Billion in Treasury Shares to Maximize Shareholder Value: SEOUL – SK Inc., the strategic investment arm of South Korea’s SK Group, announced on March 10, 2026, that its board o ...; Hwang Sujin Reporter 2026.03.11

KOSPI Plummets Over 8%, Triggering Circuit Breaker for the 8th Time in History: The South Korean stock market faced a severe meltdown on Monday morning, with the benchmark KOSPI plunging more than 8% and trigge ...; Global Economic Times Reporter 2026.03.09

MOTIE Vows to Stabilize Oil Prices, Urges Refiners to Limit Consumer Burden Amid Middle East Tensions: (C) The Star SEOUL – The Ministry of Trade, Industry and Energy (MOTIE) has launched an emergency response to curb soarin ...; Global Economic Times Reporter 2026.03.09

Korean Stock Market Plunges: Circuit Breaker and Sidecar Triggered Amid Geopolitical Crisis: SEOUL – The South Korean stock market experienced a massive sell-off on March 9, as the KOSPI and KOSDAQ markets were both f ...; Global Economic Times Reporter 2026.03.09

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