Global Economic Times

2025.12.13 (Sat)
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Won-Dollar Exchange Rate Rises to 7-Month High: South Korean Authorities Scramble to Stabilize Currency as Overseas Investment Surges

(C) TradingPedia SEOUL, South Korea — The South Korean won (KRW) has been under severe pressure, with the won-dollar exchange rate soaring to levels not seen in seven months. Last week, the cur
Netflix Stock Plummets 10% on Credit Downgrade Fears Following Blockbuster Warner Bros. Acquisition

(C) Variety HOLLYWOOD — Netflix's ambitious plan to acquire Warner Bros. and its assets, including HBO Max, for a staggering enterprise value of approximately $82.7 billion ($72 billion in

Alibaba's AI Ascent: Stock Soars 70% as Tech Giant Pivots Beyond E-commerce

(C) Tip Ranks Alibaba Group Holding, globally known for its massive e-commerce platforms like AliExpress and Taobao, is rapidly accelerating its transformation into an Artificial Intelligence (AI) po

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South Korean Self-Employed Workers Face Debt Crisis Amidst High Interest Rates and Economic Slump: SEOUL – South Korea is facing a growing crisis among its self-employed population as rising interest rates and a prolonged e ...; Desk 2025.02.17

Gold Rush in South Korea as Prices Skyrocket Amid Global Uncertainty: South Korea is experiencing an unprecedented surge in gold bar sales this month, with figures already shattering previous records. ...; Desk 2025.02.17

Ulsan Chamber of Commerce and Bank of Korea Ulsan Headquarters to Cooperate for Regional Economic Development: The Ulsan Chamber of Commerce announced on the 16th that it will promote various projects to develop the regional economy in coope ...; Desk 2025.02.16

Solaria Secures Grid Connection for 213 MW Data Center Project in Madrid: Madrid, Spain – Solaria Energía y Medio Ambiente has announced it has received confirmation from Red Eléctrica ...; Graciela Maria Reporter 2025.02.14

US Inflation Rebounds, Rattling Economic Nerves and Posing Challenge for Trump: The US economy is on high alert as the January Consumer Price Index (CPI) rebounded to 3%, the highest level in seven months. This ...; Sharon Yoon Correspondent 2025.02.13

Gold Rush Continues: Investors Flock to Gold Amidst Soaring Prices and Trade War Fears: Seoul – The price of gold has been on a relentless climb, fueling a surge in investment demand. This has led to record-break ...; Desk 2025.02.13

South Korea's Mint Halts Gold Bar Sales Amidst Soaring Demand and Global Trade Tensions: SEOUL – The Korea Minting and Security Printing Corporation (KOMSCO) has announced a temporary suspension of gold bar sales, ...; KO YONG-CHUL Reporter 2025.02.12

IMF Maintains South Korea's Economic Growth Forecast at 2.0% for 2025: The International Monetary Fund (IMF) has maintained its economic growth forecast for South Korea at 2.0% for 2025. In its annual ...; KO YONG-CHUL Reporter 2025.02.08

Bank of Korea's Gold Reserves Ranking Drops Amid Global Gold Rush: The Bank of Korea's (BOK) ranking in global gold reserves has fallen two places in the past year, from 36th to 38th. This comes a ...; KO YONG-CHUL Reporter 2025.02.06

Dollar Plummets in Colombia, Offering Savings for Consumers: Bogota, Colombia - The US dollar has seen a significant drop in value against the Colombian peso in recent months, leading to lowe ...; Graciela Maria Reporter 2025.02.05

Financial Markets Plunge as US Tariff War Begins: Global markets were sent reeling on February 3rd as the US tariff war, initiated by President Trump, began to take effect. The Ko ...; Global Economic Times Reporter 2025.02.04

El Salvador's Workforce Shows Significant Growth in 17 Years: San Salvador, El Salvador – The economically active population (PEA) of El Salvador has seen a substantial increase over the ...; Graciela Maria Reporter 2025.02.02

Central Bank of Libya Takes Steps to Boost Investment and Address Economic Challenges: DERNA, Libya – The Board of Directors of the Central Bank of Libya (CBL) convened its first meeting of 2025 in Derna, chaire ...; Graciela Maria Reporter 2025.02.02

Libya's NOC Aims for Production Boost and Enhanced Transparency: TRIPOLI – Libya's National Oil Corporation (NOC) is prioritizing increased oil production and greater transparency under its ...; Graciela Maria Reporter 2025.02.02

South Korea Boosts Support for Low-Income Households to Purchase Energy-Efficient Appliances: Seoul – The Ministry of Trade, Industry and Energy announced on February 2nd that it will invest 12.5 billion won (approxima ...; Global Economic Times Reporter 2025.02.02

Panama Weighs Post-Dollarization Future Amidst US Tensions: Panama's long-standing economic cornerstone, its dollarized monetary system, is facing renewed scrutiny amidst rising global econo ...; Graciela Maria Reporter 2025.02.02

Wage Growth Lags Behind Soaring Inflation, Widening Income Disparity in South Korea: SEOUL – South Korea's workers are facing a growing income squeeze as wage growth has slowed for the second consecutive year ...; Hwang Sujin Reporter 2025.01.31

Soaring Food Prices Drive Inflation in South Korea: Seoul – A recent report by Statistics Korea has revealed that a staggering nine out of the top ten items that experienced th ...; Global Economic Times Reporter 2025.01.31

Surge in One-Person Media Creators, Top Earners Rake in Billions: The number of one-person media creators, such as YouTubers, has surged nearly 20-fold in the past five years, raising concerns abo ...; Hwang Sujin Reporter 2025.01.31

Financial Instability Index Soars Amid Political Uncertainty: The Financial Instability Index (FSI) in South Korea surged to its highest point in a year last December, approaching levels seen ...; Desk 2025.01.31