Global Economic Times

2026.06.28 (Sun)
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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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South Korea's Foreign Reserves Surge to $428.8 Billion, Reclaiming 9th Global Rank: SEOUL — South Korea's foreign exchange reserves have surged for the fifth consecutive month, reaching a substantial $428.82 ...; Desk 2025.11.05

US Stock Market Closes Mixed Amid Tech Surge, Kospi Retreats Below 4,200: US Stock Market Closes Mixed Amid Tech Surge, Kospi Retreats Below 4,200 (C) Pixabay The US stock market concluded with mixed ...; Global Economic Times Reporter 2025.11.04

High-Stakes Standoff: Incheon Airport Duty-Free Rebid Sees 'Prudent Bidding' Take Center Stage: SEOUL — A fierce, yet cautious, battle is brewing among duty-free operators over the upcoming re-tender for prime retail spa ...; Desk 2025.11.02

Gyeonggi Governor Kim Dong-yeon Secures ₩9.5 Trillion Investment for Hwaseong International Theme Park, Touting it as a ‘Long-Awaited Dream’: SEOUL/BOSTON – Gyeonggi Province Governor Kim Dong-yeon has successfully ramped up investment for the long-stalled Hwaseong ...; Hwang Sujin Reporter 2025.10.30

Norway's Sovereign Wealth Fund Posts Strong 5.8% Return in Q3, Driven by Equities: The world's largest sovereign wealth fund, the Government Pension Fund Global (GPFG) of Norway, reported a robust return of 5.8% f ...; Global Economic Times Reporter 2025.10.30

Nvidia Hits $5 Trillion Valuation, Cementing AI Dominance: NEW YORK, NY — Nvidia, the undisputed champion of the artificial intelligence boom, crossed the unprecedented $5 trillion ma ...; Global Economic Times Reporter 2025.10.30

Samsung Electronics Breaks KRW 100,000 Barrier, Market Cap Surpasses KRW 600 Trillion on Lee Jae-yong's Third Anniversary: SEOUL – Samsung Electronics, a bellwether stock for South Korea, has finally breached the symbolic KRW 100,000 mark for the ...; Global Economic Times Reporter 2025.10.27

Traffic Congestion Levy Stifles Support for Small Businesses: Seoul — The "Happy Department Store" (Haengbokhan Department Store), established by the South Korean government to support s ...; Desk 2025.10.22

South Korea's Per Capita GDP Slump: Taiwan Expected to Overtake for the First Time in 22 Years: SEOUL—South Korea's economic standing is facing a potential setback as the International Monetary Fund (IMF) projects a sign ...; Desk 2025.10.20

South Korea 'Trapped': OECD Shock as Tax Revenue Plummets: SEOUL—South Korea faces a dire economic warning, with its ratio of tax revenue to Gross Domestic Product (GDP) plummeting to ...; Desk 2025.10.19

Samsung Heiresses to Sell $1.3 Billion Worth of Samsung Electronics Shares for Inheritance Tax: SEOUL – The controlling family of Samsung Group is set to dispose of a massive block of Samsung Electronics shares, valued a ...; Global Economic Times Reporter 2025.10.19

The Shadow Banking Nexus: A New Crisis Epicenter: The IMF identifies the non-bank financial sector (NBFI)—or 'shadow banking'—as the most significant structural threat ...; Eugenio Rodolfo Sanabria Reporter 2025.10.19

REGIONAL BANK STOCKS REBOUND AS MOODY'S DISMISSES 'SYSTEMIC RISK,' YET OPAQUE PRIVATE CREDIT MARKET CONCERNS PERSIST: U.S. regional bank stocks, including Jefferies, Zions Bancorp, and Western Alliance, staged a significant rebound on October 17 fo ...; Ana Fernanda Reporter 2025.10.19

S. Korea and U.S. Near Trade Deal: Currency Swap with Treasury Eyed to Cushion $350 Billion Investment: SEOUL/WASHINGTON D.C. — South Korea and the United States are reportedly in the final stages of negotiations over a trade ag ...; Desk 2025.10.17

U.S.-Korea Tariff Talks Near Conclusion as Seoul Mobilizes Top Economic Team: WASHINGTON, D.C. — The protracted trade negotiations between the United States and South Korea appear to be nearing a breakt ...; Global Economic Times Reporter 2025.10.16

KOSPI Soars to Record High, Market Cap Breaches KRW 3,000 Trillion for the First Time: SEOUL – South Korea's benchmark stock index, the KOSPI, achieved a historic milestone on Wednesday, October 15, surpassing t ...; KO YONG-CHUL Reporter 2025.10.16

OpenAI's $7 Trillion Vision Becomes Reality: Altman's Mega-AI Infrastructure Drive: What was once dismissed as a flights of fancy has rapidly materialized into one of the most significant industrial projects of the ...; Hwang Sujin Reporter 2025.10.15

KOSPI's Unexpected Resilience: A Silver Lining in Global Trade Storm: Seoul, South Korea - Global financial markets experienced a sharp sell-off following a significant escalation in the U.S.-China tr ...; Eugenio Rodolfo Sanabria Reporter 2025.10.13

Cocoa Futures Plunge 50% from Peak, Signaling Potential Chocolate Price Relief: SEOUL, South Korea—The international market price for cocoa beans has plummeted, dropping by nearly 50% from its peak and re ...; Desk 2025.10.12

New York Stock Market Plunges on Trump's Threat of Tariffs on China... Tech Stocks Crash, International Oil Prices Hit a 5-Month Low: Major indices on the New York stock market fell across the board on the 10th (local time), expressing concern over the re-ignition ...; KO YONG-CHUL Reporter 2025.10.11