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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The Silicon Shield: Korea’s March Exports Hit Record $86B as AI Semi-Supercycle Erupts: SEOUL — South Korea’s export engine has ignored the escalating geopolitical friction in the Middle East to deliver a r ...; Global Economic Times Reporter 2026.04.02

March Exports Break $80 billion Mark for the First Time... Trade Surplus Hits All-Time High: SEOUL – Amidst a landscape of global uncertainty and a tumultuous domestic political climate, South Korea’s economy ha ...; KO YONG-CHUL Reporter 2026.04.01

Won-Dollar Exchange Rate Surges to 1,515 Range Amid Triple Whammy: War, Oil Prices, and Foreign Capital Outflow: The South Korean won has weakened significantly against the U.S. dollar, climbing to the mid-1,515 range as escalating geopolitica ...; Yim Kwangsoo Correspondent 2026.03.30

South Korean Insurers Face 14.5% Profit Slump in 2025 Amid Rising Loss Contracts and Global Volatility: SEOUL — South Korea’s insurance sector recorded a significant double-digit decline in net profit last year, as a combi ...; Global Economic Times Reporter 2026.03.30

Card Issuers Caught in the Crossfire of Samsung-Apple Pay Fee War: [SEOUL] A long-standing conflict over payment platform fees is reaching a breaking point, leaving South Korean card issuers in a p ...; Global Economic Times Reporter 2026.03.27

SK Hynix CEO Targets 100 Trillion Won Net Cash to Fuel "Uninterrupted" AI Investment: ICHEON, South Korea — SK Hynix CEO Kwak Noh-jung announced a bold financial strategy on Wednesday, pledging to amass over 10 ...; Kim Sungmoon Reporter 2026.03.26

E-mart Launches "Half-Price" Kimbap at 3,980 Won for Two Rolls to Combat Inflation: As the cost of dining out continues to soar, E-mart is stepping in to ease the burden on consumers' wallets. The retail giant anno ...; Global Economic Times Reporter 2026.03.26

Celltrion Bets $900M on Massive Expansion, Aiming for 570,000-Liter Global Bio Dominance: INCHEON, South Korea — Celltrion announced on March 24, 2026, a bold 1.2 trillion KRW (approx. $900 million) investment plan ...; Desk 2026.03.24

KB Financial Group Launches 20 Trillion Won 'Productive Finance' Initiative for 2026: SEOUL – KB Financial Group announced on March 24, 2026, the launch of the "KB Kookmin Happiness Growth Project," a massive 2 ...; KO YONG-CHUL Reporter 2026.03.24

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 ...; Ana Fernanda Reporter 2026.03.20

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) ...; ONLINE TEAM 2026.03.19

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 av ...; KO YONG-CHUL Reporter 2026.03.19

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

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