Global Economic Times

2026.05.08 (Fri)
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South Korea’s KOSPI Surges to 7th in Global Market Cap, Overtaking Canada and UK

SEOUL — In a historic shift for global equity markets, the South Korean stock market has ascended to the rank of the world’s seventh-largest by market capitalization. This milestone comes
Gmarket’s Cinematic Ad Campaign Goes Viral, Sparking High Anticipation for ‘Big Smile Day’

SEOUL, South Korea – Gmarket, one of South Korea’s leading e-commerce platforms, is witnessing a massive pre-event surge in consumer interest. The company’s latest star-studded adver

Chinese Automakers Pivot to Global Markets as Domestic Demand Falters and Oil Prices Soar

As high international oil prices reshape global consumer behavior, Chinese automakers are aggressively accelerating their overseas expansion to offset a cooling domestic market. Major players includin

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Bleak Outlook Persists: International Bodies Foresee Sub-2% Growth for South Korean Economy Amid Lingering Political Instability: Concerns surrounding the trajectory of the South Korean economy continue to mount as another prominent international organization ...; Kim Sungmoon Reporter 2025.04.16

Singapore Eases Monetary Policy for Second Consecutive Quarter Amid Lower-than-Expected Economic Growth: Singapore's monetary authority has tightened its grip on easing monetary policy for the second consecutive quarter as the first-qu ...; Hwang Sujin Reporter 2025.04.14

Paraguay's Economy Maintains Solid Growth with 4.9% Increase in February, but Signs of Slowdown Emerge: Asunción, Paraguay - According to a report released by the Central Bank of Paraguay (BCP), Paraguay's economic activity ind ...; Eugenio Rodolfo Sanabria Reporter 2025.04.11

Hawaii Farmers Enter "Survival Mode" Due to Suspension of Federal Government Subsidies: Hawaii, with 90% Dependence on Imports, Hit Hard as Farmers Try to Increase Food Self-Sufficiency: Kaina Makua, a Native Hawaiian farmer who planned to quadruple the production of kalo (taro), a traditional crop in Hawaii, expect ...; Eunsil Ju Reporter 2025.04.11

Trump's Trade Barrage Batters Washington State's Economy: Exports Plummet, Tourism Takes a Hit: WASHINGTON STATE - President Trump's aggressive tariff policies are delivering a significant blow to the Evergreen State's economy ...; Hannah Yeh Reporter 2025.04.11

State Farm Faces Bankruptcy Risk as It Pushes for Massive Home Insurance Hike in California: Oakland, CA - The future of State Farm, the nation's largest home insurance provider, hangs in the balance as it aggressively purs ...; Sharon Yoon Correspondent 2025.04.11

KOSPI Surges 6.6% on Mutual Tariff Suspension, KRW/USD Exchange Rate Falls by 28 Won: South Korean financial markets experienced significant volatility once again on the 10th due to the mutual tariff suspension by th ...; Yim Kwangsoo Correspondent 2025.04.10

Argentina Secures $20 Billion IMF Bailout, Boosting Milei's Reform Agenda: BUENOS AIRES, ARGENTINA — In a move anticipated to provide crucial financial breathing room, Argentina has reached a staff-l ...; Yim Kwangsoo Correspondent 2025.04.10

KOSPI Breaches 2300 Mark Amid Escalating US-China Trade Tensions: Seuol, South Korea – The South Korean benchmark KOSPI index plummeted below the critical 2300 level on Wednesday, marking it ...; Global Economic Times Reporter 2025.04.09

EU-Philippines Green Economy Partnership (EU-GEPP) Grant Program to Accelerate Circular Economy Transition: Manila, Philippines – The European Union (EU)-supported and Department of Environment and Natural Resources (DENR)-implement ...; Eugenio Rodolfo Sanabria Reporter 2025.04.09

South Korea Launches 20 Billion KRW Fund to Modernize Fisheries Distribution Sector: SEOUL, SOUTH KOREA – The South Korean Ministry of Oceans and Fisheries (MOF) has announced the selection of NICE Investment ...; KO YONG-CHUL Reporter 2025.04.07

South Korean Tax Service's "One-Click" Refund System Draws Massive User Base with Zero Fees: SEOUL, SOUTH KOREA – The National Tax Service (NTS) of South Korea is witnessing remarkable success with its newly launched ...; Desk 2025.04.07

Daejeon Empowers Residents and Small Businesses with "Visiting Village Tax Accountant" Initiative: DAEJEON, SOUTH KOREA – Navigating the complexities of the tax system can be a daunting task for many individuals and small b ...; HONG MOON HWA Senior Reporter 2025.04.05

Facing Debt? Chungcheongnam-do Offers Free Financial Counseling and Debt Relief Support: Chungcheongnam-do, South Korea - Individuals and business owners in Chungcheongnam-do struggling with debt, delinquency, and colle ...; KO YONG-CHUL Reporter 2025.04.05

La 2ª Asamblea General de la Unión Mundial de Ciudades de la Economía y la Ciencia (GINI) de 2026 se celebrará en Málaga, la ciudad de la innovación de España: El alcalde de la ciudad de Daejeon, Lee Jang-woo, anunció oficialmente en una rueda de prensa celebrada en el Ayuntamiento ...; HONG MOON HWA Senior Reporter 2025.04.05

Won-Dollar Exchange Rate Plunges Over 30 Won Immediately After President Yoon's Impeachment...KOSPI Also Turns to Gains: Immediately after the pronouncement of President Yoon Suk-yeol's impeachment, the won-dollar exchange rate sharply fell by over 30 ...; KO YONG-CHUL Reporter 2025.04.04

Paraguayan Semana Santa Discount Campaign Sparks Controversy Over Exclusion of Fruits, Vegetables, and Meat: ASUNCIÓN, Paraguay – The Paraguayan Supermarket Association (Capasu) has announced a large-scale discount campaign fo ...; Desk 2025.04.04

Paraguay's Inflation Surges to 1.2% in March, Annual Rate Hits 4.4%: Asunción, Paraguay - Paraguay experienced its highest monthly inflation rate of the year in March 2025, with the Consumer P ...; Desk 2025.04.04

Ministry of Agriculture and Livestock Announces "Ra’arõvo" Holy Week Special Fair: Two-Week Farmers' Direct Sales Markets Across Cities: ASUNCIÓN, Paraguay - The Ministry of Agriculture and Livestock (MAG) has announced a two-week operation of farmers' direct ...; Pedro Espinola Special Correspondent 2025.04.02

World Bank Injects $2 Billion into Paraguay to Fuel Economic Expansion: ASUNCIÓN, Paraguay - In a significant move aimed at bolstering Paraguay's economic trajectory, the World Bank has greenlit ...; Ana Fernanda Reporter 2025.04.02