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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Texas Enacts Foreign Real Estate Ownership Ban, Fueling "Anti-China Sentiment" Controversy: A new law in Texas, restricting real estate purchases by foreign nationals from specific countries, is causing a significant stir. ...; Global Economic Times Reporter 2025.06.27

Texas Strengthens Response to Virtual Asset Crimes: Seizure Law Effective September 1: Texas will fully implement a bill on September 1, 2025, that significantly strengthens oversight of crimes involving virtual asset ...; Global Economic Times Reporter 2025.06.27

Paraguay Raises $80.5 Million Through Bond Issuance, Fueling Fiscal Health Concerns: Paraguay's Ministry of Economy and Finance (MEF) successfully completed the second issuance of 2025 fiscal year treasury bonds on ...; Greace Nunez Correspondent 2025.06.27

Middle East Ceasefire Agreement: Dynamic Shifts in Global Asset Markets: News of a ceasefire agreement between Israel and Iran has sent the global asset markets into flux, with international oil and gold ...; Yim Kwangsoo Correspondent 2025.06.24

Economic Growth Amidst Stagnant Job Market: Deepening Imbalance: Despite positive growth in economic indicators, the actual job market remains stagnant, leading to a deepening imbalance. In parti ...; Eugenio Rodolfo Sanabria Reporter 2025.06.23

KOSPI Reclaims 3,000 Mark After 3 Years and 6 Months, Driven by Domestic Hopes and Foreign Inflows: Seoul, South Korea – South Korea's benchmark KOSPI index has surged past the 3,000-point threshold, closing at 3,021.84 on J ...; Desk 2025.06.21

South Korea Unveils Sweeping Debt Relief for Small Businesses Amid Fairness Concerns: SEOUL – The South Korean government is set to implement a substantial debt relief program, aiming to cancel approximately 16 ...; Hwang Sujin Reporter 2025.06.19

South Korea Unveils $22 Billion Stimulus Package to Revitalize Sagging Economy: SEOUL, South Korea – In a significant move to counter prolonged domestic consumption stagnation and political uncertainty, t ...; KO YONG-CHUL Reporter 2025.06.19

Chaotic Vehicle Registration System: Municipalities Warned of Fines for Unrenewed Fees: As the vehicle registration renewal deadline approaches, municipalities across Paraguay are facing extreme chaos due to the influx ...; Ana Fernanda Reporter 2025.06.18

South Korea's Debt Crisis Deepens: Household and Small Business Delinquencies Hit 11-Year High: SEOUL, South Korea – South Korea is grappling with a rapidly escalating debt crisis as an increasing number of households an ...; Desk 2025.06.16

KOSPI Rebounds to 2940s, Defying Middle East Tensions: Seoul, South Korea – The Korea Composite Stock Price Index (KOSPI) defied escalating Middle East tensions on June 16, 2025, ...; Desk 2025.06.16

Gyeongju City to Provide Up to 700,000 Won in Energy Vouchers to Vulnerable Households: Gyeongju, North Gyeongsang Province – Gyeongju City is set to launch its 2025 Energy Voucher Support Project, a crucial init ...; Hee Chan Kim Reporter 2025.06.16

Paraguay's Banking System Delinquency Rate Hits 7-Month High, But Down Year-on-Year: ASUNCIÓN, Paraguay – As of April 2025, the delinquency rate in Paraguay's banking system reached 2.48%, marking a 0.6 ...; Ana Fernanda Reporter 2025.06.13

Singapore's Declining Domestic Vegetable Production Emerges as Food Security Threat: Singapore's domestic production of vegetables and seafood continued to decline in 2024. In contrast, egg production reportedly inc ...; LEE YEON SIL Reporter 2025.06.12

Singapore, a Tourism Hub Back in the Spotlight Thanks to Lady Gaga's Successful Concerts: The pop star Lady Gaga's four-day concert run in Singapore last month once again proved that this city-state is not merely a trans ...; LEE YEON SIL Reporter 2025.06.12

World Bank Upgrades Argentina's 2025 Growth Forecast to 5.5%... 'Lone' Growth Amidst Latin American Slowdown: The World Bank has significantly raised Argentina's economic growth forecast for 2025 to 5.5%, anticipating that Argentina will ac ...; Ana Fernanda Reporter 2025.06.11

Philippines Emerges as Southeast Asia's Top Market: Decelerating Inflation and Positive Economic Outlook: MANILA, Philippines – The Philippines is emerging as the most promising investment destination among Southeast Asian emergin ...; Yim Kwangsoo Correspondent 2025.06.09

South Korea's Per Capita GNI Surpasses ₩50 Million for the First Time: SEOUL, South Korea – South Korea has achieved a significant economic milestone, with its per capita Gross National Income (G ...; Desk 2025.06.05

KOSPI Reclaims 2,770 Mark, Surging 2.7% on New Government Expectations, First Time in 10 Months: Seoul, South Korea – The South Korean stock market experienced a robust surge on June 4, 2025, the first trading day after t ...; Desk 2025.06.04

Paraguay Records 0% Inflation in May, Cumulative Inflation Reaches 3%: According to the Consumer Price Index (IPC) announced by the Central Bank of Paraguay (BCP) on Tuesday, May 3rd, 2025, the inflati ...; Yim Kwangsoo Correspondent 2025.06.04