Distribution Economy - Global Economic Times

2026.11.11 (Wed)
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The Generational Wealth Divide: Why Young South Koreans Are Resentful Over the Basic Pension System

SEOUL — In an era defined by economic uncertainty and mounting living costs, a growing policy debate is intensifying across South Korea. At the heart of the friction is a stark contrast: young p
"Wiped Out 90%": Why Retail Traders Refuse to Quit High-Risk Leverage Despite Brutal Market Rout

"When the first 10% loss hit, I convinced myself it was just a routine correction and that the market would bounce right back," shared an anonymous office worker on a popular corporate com

Chungcheongbuk-do Launches TF to Drive the "Regional Revitalization Investment Fund"

Chungcheongbuk-do held the kickoff meeting for the "Regional Revitalization Investment Fund" Task Force at the provincial office on the 10th, presided over by Vice Governor for Economic Af

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Shake Shack Celebrates 10th Anniversary in Korea with Exclusive 'Heritage Collection' Collaboration: SEOUL — In a milestone celebration marking a decade of success in the South Korean market, Shake Shack, the renowned global ...; Global Economic Times Reporter 2026.07.03

NH NongHyup Life Insurance Leads Landmark 165 Billion Won Project Finance for Eco-Friendly BESS in Gwangyang: GWANGYANG, South Korea — In a historic move for the South Korean insurance sector, NH NongHyup Life Insurance (NH Life) anno ...; Kim Young Min Reporter 2026.07.01

Yen and Won Hit Critical Lows as 'Strong Dollar' Fears Grip Asian Markets: In a startling development that has sent shockwaves across Asian financial markets, the Japanese yen has plummeted to its lowest l ...; KO YONG-CHUL Reporter 2026.07.01

Algorithms Over Quality: How Platform Self-Preferencing Distorts Consumer Choices: A recent study by the Korea Fair Trade Commission (KFTC) has confirmed that online platforms can significantly influence consumer ...; Kim Young Min Reporter 2026.06.29

Kioxia Employees Join Ranks of Multi-Millionaires Amidst Semiconductor Boom: TOKYO — In an extraordinary turn of events that has captured the attention of the Japanese financial market, approximately 6 ...; Hwang Sujin Reporter 2026.06.29

Bitcoin Bet Backfires: KOSDAQ Firms Face Delisting Risks Amidst Heavy Losses: The prolonged downturn in the virtual asset market is exerting immense pressure on corporate balance sheets that had previously pi ...; Kim Young Min Reporter 2026.06.29

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, effecti ...; Yim Kwangsoo Correspondent 2026.06.27

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 ...; Hee Chan Kim Reporter 2026.06.27

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 o ...; Desk 2026.06.27

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