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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A Graying World: How We Can Turn Longevity into an Economic Boon: The world is getting older, and while that's a testament to human progress, it also presents a significant challenge to economies ...; Pedro Espinola Special Correspondent 2025.09.04

Back-to-School Buzz Fades for University Towns: Most universities started their fall semester on September 1, but business is slow in many university towns. While students are ba ...; Hwang Sujin Reporter 2025.09.03

Paraguay's Beef Exports Hit All-Time High, Up 32.5% by August This Year: September 1, 2025. Paraguay's beef exports have shown record growth from the beginning of this year through August, reaching a tot ...; Graciela Maria Reporter 2025.09.03

Gold and Silver Prices Soar Amid Fed Rate Cut Hopes and Economic Uncertainty: NEW YORK — Gold and silver prices hit all-time highs on Tuesday, fueled by growing expectations that the U.S. Federal Reserv ...; Ana Fernanda Reporter 2025.09.02

Why Economic Growth Doesn't Always Reach Everyone's Pockets: Former Minister of Finance, Manuel Ferreira, explained why economic growth indicators often feel disconnected from the reality of ...; Ana Fernanda Reporter 2025.08.22

Paraguay’s Development Finance Agency (AFD) Drives Economic Growth Through Housing Loans: ASUNCIÓN, PARAGUAY — According to a recent report by the Development Finance Agency (AFD) of Paraguay, a total of $19 ...; Pedro Espinola Special Correspondent 2025.08.22

Despite Tariff Windfall, U.S. Federal Deficit Widens by $109 Billion: WASHINGTON—The U.S. federal government's budget deficit has expanded by $109 billion this fiscal year, even as a surge in ta ...; Desk 2025.08.11

South Korea's "Pocketbook Squeeze": Food and Public Transport Costs Surge, Burdening Households: SEOUL—In a troubling sign for household finances, South Korea is experiencing a sharp rise in the cost of essential goods an ...; Hwang Sujin Reporter 2025.08.11

Buenos Aires Inflation Rises to 2.5% in July 2025, with a Cumulative Annual Rate of 18.1%: According to data released by the Buenos Aires City Statistics Office, the consumer price index (CPI) in Buenos Aires rose by 2.5% ...; Desk 2025.08.08

Paraguay's Financial Market in June 2025: A Balancing Act of Liquidity and Growth: In June 2025, the Paraguayan financial system demonstrated its vitality by maintaining robust growth. According to the latest fina ...; Yim Kwangsoo Correspondent 2025.08.06

Argentina, Panama, and Paraguay Drive Growth, Mexico at the Bottom... Cepal Releases 2025 Economic Outlook: The United Nations Economic Commission for Latin America and the Caribbean (Cepal) has released its forecast for regional economic ...; KO YONG-CHUL Reporter 2025.08.06

Philippines' Central Bank Likely to Accelerate Rate Cuts as Inflation Stabilizes: MANILA – The Bangko Sentral ng Pilipinas (BSP) is set to continue its monetary policy easing, forecasting that this year's i ...; Global Economic Times Reporter 2025.08.05

Fuel Prices to Rise by Up to P1.90 Per Liter: MANILA — Another round of fuel price hikes is set to hit consumers, adding to the financial burden of ordinary citizens. Sta ...; Global Economic Times Reporter 2025.08.05

Eurozone Inflation Stabilizes at 2%, Giving ECB a Breather but Euro's Weakness a 'Worry': Eurozone inflation remained stable at 2% in July, a development that is seen as easing the European Central Bank's (ECB) monetary ...; Desk 2025.08.05

Corporate Tax, Securities Transaction Tax, Stock Transfer Tax: A 'Triple Tax Hike' to Secure 35.6 Trillion Won in Tax Revenue Over 5 Years: The government is set to implement a so-called "triple tax hike" on corporate tax, securities transaction tax, and stock transfer ...; Hwang Sujin Reporter 2025.08.01

Novo Nordisk Shares Plummet as Competition Heats Up in Obesity Drug Market: Copenhagen, Denmark – Shares of Danish pharmaceutical giant Novo Nordisk, widely known for its blockbuster obesity drug Wego ...; Graciela Maria Reporter 2025.07.30

This Year's High of 23,943 Points, When Will It Be Surpassed? Experts Say, "Short-term Rally to Continue, But 23,486 Points Must Be Overcome First": The Taiwan stock market has risen for five consecutive weeks, settling above 23,000 points. While investors are anticipating the m ...; Desk 2025.07.27

SK Hynix Achieves Record-Breaking Performance Driven by HBM, Surpassing Samsung Electronics Twofold in 'Earning Surprise': ICHEN, SOUTH KOREA – SK Hynix, a leader in the High Bandwidth Memory (HBM) market, has made significant waves in the semicon ...; Hwang Sujin Reporter 2025.07.24

Foreigners Bet 6.3 Trillion Won on KOSPI… Nomura Also Shouts "4000": Foreign investors' relentless net buying spree on KOSPI is driving the index to new year highs. Foreign investment banks are raisi ...; Desk 2025.07.24

First Round of Livelihood Recovery Consumer Coupons Begins Issuance; Applications Start July 21: The Ministry of Interior and Safety will begin accepting applications for the first round of Livelihood Recovery Consumer Coupons ...; Global Economic Times Reporter 2025.07.20