Global Economic Times

2026.06.27 (Sat)
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Government Slashes Petroleum Price Caps by 150 Won per Liter amid Easing Middle East Tensions

SEOUL — The South Korean government announced a decisive reduction in the maximum price caps for petroleum products, effective from midnight on June 27. This measure, marking the seventh adjustm
Political Debates Spark Over Semiconductor "Windfall" Redistribution

As South Korea’s semiconductor industry rides the crest of an unprecedented AI-driven boom in 2026, a contentious debate has emerged within political circles regarding how to manage the resultin

Global Markets Expected to Continue AI-Driven Rally in H2 2026

The Korea Center for International Finance (KCIF) released its "Global Economic and Financial Market Outlook for the Second Half of 2026" on June 25, projecting that the global stock marke

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Labor and Management Begin Fierce Tug-of-War Over 2027 Minimum Wage: The annual battle over South Korea's minimum wage has officially commenced, with labor and management presenting starkly different ...; Yim Kwangsoo Correspondent 2026.06.24

National Pension Service (NPS) Announces Ambition to Enter "Fund-Type" Retirement Pension Market: SEOUL — Kim Sung-joo, Chairman and CEO of the National Pension Service (NPS), officially declared the organization’s i ...; KO YONG-CHUL Reporter 2026.06.24

Black Tuesday: South Korea’s Semiconductor Giants Suffer Historic 17-Year Plunge: SEOUL — The South Korean stock market endured a day of profound volatility on Tuesday, as its twin pillars of industrial str ...; Desk 2026.06.24

Korean Banks Launch 'Youth Future Savings' Account Offering Up to 8% Interest: As of June 22, 2026, major South Korean banks have officially launched the "Youth Future Savings" account, a government-backed pol ...; Hwang Sujin Reporter 2026.06.22

Financial Services Commission Accelerates Sanctions Against Lotte Card Over Massive Data Breach: The Financial Services Commission (FSC) of South Korea has officially initiated formal proceedings to finalize sanctions against L ...; Desk 2026.06.22

KOSPI Hits Historic 9,300 Milestone as Market Cap Surpasses 8,000 Trillion Won: The South Korean stock market reached a historic landmark on June 19, 2026, as the benchmark KOSPI index shattered the 9,300-point ...; Global Economic Times Reporter 2026.06.20

Why Gas Prices in South Korea Remain Above 2,000 Won Despite U.S.-Iran Cease-fire: Despite the recent breakthrough in the U.S.-Iran conflict and a subsequent drop in international oil prices, South Korean motorist ...; Global Economic Times Reporter 2026.06.20

Fed Maintains Rates, But Shifts to Hawkish Stance Under Chair Warsh: WASHINGTON — In a decisive shift that signals a departure from previous policy, the U.S. Federal Reserve decided to keep the ...; Eugenio Rodolfo Sanabria Reporter 2026.06.18

Global Markets Rally on Middle East Peace Hopes; Tech Stocks Lead the Charge: Global financial markets are experiencing a profound shift in sentiment as the prospect of peace in the Middle East breathes new l ...; Kim Sungmoon Reporter 2026.06.16

NVIDIA Seeks $22 Billion Bond Issuance to Fuel AI Dominance: NVIDIA, the undisputed leader in the artificial intelligence semiconductor market, is preparing to return to the corporate bond ma ...; Ana Fernanda Reporter 2026.06.16

Won Stays Firm at 1,500 Level Despite US-Iran Peace Deal: The South Korean won-dollar exchange rate continues to trade in the mid-1,500 range, resisting downward pressure even after the an ...; KO YONG-CHUL Reporter 2026.06.16

Focus Shifts from Rates to Rhetoric: Markets On Edge for Fed Chair Warsh’s Debut Message at June FOMC: SEOUL — Having successfully digested the latest round of inflation data, global financial markets are turning their undivide ...; KO YONG-CHUL Reporter 2026.06.15

Banks Lock in Corporate Funds with 3% Deposit Rates to Counter 'Money Move' Risks: SEOUL — South Korean commercial banks are aggressively raising interest rates on fixed-term deposits to the 3% range. Driven ...; Kim Sungmoon Reporter 2026.06.15

KOSPI Soars at Market Open, Triggering Buy Sidecar on U.S.-Iran Peace Agreement: SEOUL — The South Korean benchmark KOSPI index experienced a dramatic surge immediately after the opening bell on Monday, tr ...; KO YONG-CHUL Reporter 2026.06.15

Mirae Asset Fails to Secure SpaceX IPO Shares, Dealing a Blow to Domestic ETF Portfolios: SEOUL — Mirae Asset Securities, which participated as an underwriter in the highly anticipated initial public offering (IPO) ...; Global Economic Times Reporter 2026.06.14

President Lee Demands End to Stock Manipulation via Media: “Return to Honest Journalism”: SEOUL — President Lee Jae-myung issued a stern warning against corrupt media practices over the weekend, calling for an imme ...; Desk 2026.06.14

EV Public Charging Discounts Prove Successful: Usage Surges 9.2% as South Korea Pilots Demand-Shifting Grid Strategy: SEOUL — A targeted government initiative to lower public electric vehicle (EV) charging rates during peak renewable energy g ...; Global Economic Times Reporter 2026.06.13

Gasoline Prices Drop for Fourth Consecutive Week as Trump’s Comments Send Global Oil Prices Plummeting: SEOUL — Domestic gasoline and diesel retail prices in South Korea have declined for the fourth consecutive week, reflecting ...; Hwang Sujin Reporter 2026.06.13

$85 Billion IPO Debacle: South Korean Retail and Institutional Investors Left Empty-Handed as Goldman Sachs Slashes SpaceX Allocations to Zero: SEOUL — South Korean investors who eagerly anticipated a piece of Elon Musk’s aerospace behemoth, SpaceX, have been le ...; Desk 2026.06.13

KOSPI Plummets to 7,400 Level Amid U.S. Strike Fears, AI Anxieties, and Quadruple Witching Day: The South Korean benchmark stock index, KOSPI, suffered a sharp decline in early trading on Thursday, tumbling to the 7,400 level. ...; Desk 2026.06.11

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