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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Gas Prices Edge Lower on First Weekend of Price Cap Amid Middle East Tensions: SEOUL — South Korea’s domestic fuel prices maintained a downward trend over the first weekend since the implementation ...; Desk 2026.03.16

KRW Touches 1,500 Mark Amid Middle East Turmoil and Sticky U.S. Inflation: SEOUL – The South Korean won breached the psychologically significant 1,500 level against the U.S. dollar in overnight tradi ...; Kim Sungmoon Reporter 2026.03.15

Gas Prices See Double-Digit Drop on Second Day of Price Cap; Gap Between Gasoline and Diesel Narrows: SEOUL – South Korea's nationwide average fuel prices continued their sharp descent for the second consecutive day following ...; KIM YOUNG MIN 2026.03.15

BOK Adopts ‘Wait-and-See’ Stance Amid Rising Middle East Tensions: SEOUL — The Bank of Korea (BOK) announced on Thursday that it intends to maintain a "cautious neutral stance" regarding its ...; Yim Kwangsoo Correspondent 2026.03.12

Hanpass Set to Debut on KOSDAQ This Month: Aiming to Become a ‘Total Lifestyle Platform’ for Foreigners: SEOUL – Hanpass, South Korea’s leading overseas remittance platform for foreign residents, is accelerating its leap to ...; Global Economic Times Reporter 2026.03.12

South Korean Industry Under Siege: Record Oil Prices, Logistics Chaos, and U.S. "Super 301" Tariff Pressure: The South Korean industrial sector has entered a state of "quadruple jeopardy." Already reeling from skyrocketing global oil price ...; Global Economic Times Reporter 2026.03.12

Korea’s Per Capita Income Trapped in $30,000 Range for 12 Years Amid Exchange Rate ‘Booby Trap’: SEOUL — South Korea’s per capita Gross National Income (GNI) has remained stuck in the $30,000 range for over a decade ...; Kim Sungmoon Reporter 2026.03.11

Refining the Narrative: S. Korean Refiners Clarify Misconceptions Over Surging Fuel Prices: SEOUL — As the shadow of global conflict pushes international crude oil prices past the $100 per barrel mark, South Korean c ...; KO YONG-CHUL Reporter 2026.03.11

SK Inc. to Retire $3.6 Billion in Treasury Shares to Maximize Shareholder Value: SEOUL – SK Inc., the strategic investment arm of South Korea’s SK Group, announced on March 10, 2026, that its board o ...; Hwang Sujin Reporter 2026.03.11

KOSPI Plummets Over 8%, Triggering Circuit Breaker for the 8th Time in History: The South Korean stock market faced a severe meltdown on Monday morning, with the benchmark KOSPI plunging more than 8% and trigge ...; Global Economic Times Reporter 2026.03.09

MOTIE Vows to Stabilize Oil Prices, Urges Refiners to Limit Consumer Burden Amid Middle East Tensions: (C) The Star SEOUL – The Ministry of Trade, Industry and Energy (MOTIE) has launched an emergency response to curb soarin ...; Global Economic Times Reporter 2026.03.09

Korean Stock Market Plunges: Circuit Breaker and Sidecar Triggered Amid Geopolitical Crisis: SEOUL – The South Korean stock market experienced a massive sell-off on March 9, as the KOSPI and KOSDAQ markets were both f ...; Global Economic Times Reporter 2026.03.09

Bitcoin at a Crossroads: Will the $74,000 Threshold Signal a Bullish Reversal or a Slide to $50,000?: (C) Trade Brains SEOUL – The cryptocurrency market is currently standing at a critical psychological and technical juncti ...; Kim Sungmoon Reporter 2026.03.08

The $100 Oil Threshold: Wall Street Braces for a Paradigm Shift as Middle East Conflict Drags On: (C) HK Standard NEW YORK — The geopolitical landscape of the Middle East has shifted into a volatile new gear. As the Uni ...; Sharon Yoon Correspondent 2026.03.08

China’s Strategic Gold Rush: Beijing Amasses Reserves for 16th Straight Month Amid Dollar Uncertainty: BEIJING — As geopolitical tensions simmer in the Middle East and global financial markets grapple with shifting alliances, t ...; Eugenio Rodolfo Sanabria Reporter 2026.03.08

Seven-Eleven Korea Launches 'Whole Thigh Chicken Steak' Amid Aggressive Ready-to-Eat Meal Promotions: SEOUL – Seven-Eleven Korea is turning up the heat in the convenience store "chicken wars." The retail giant announced on Mar ...; Hwang Sujin Reporter 2026.03.07

Celltrion to Retire 9.11 Million Treasury Shares Worth ₩1.9 Trillion in Aggressive Shareholder Return Move: SEOUL – In a decisive move to bolster shareholder value amidst heightening global market volatility, South Korean biopharmac ...; KO YONG-CHUL Reporter 2026.03.07

Global Energy Crisis Ignites as Hormuz Blockade Pushes Oil Past $90; Experts Warn of $150 Peak: (C) Leverage Shares NEW YORK — The global energy market is reeling from an unprecedented shock as the Strait of Hormuz, ...; Global Economic Times Reporter 2026.03.07

S. Korea Secures 6 Million Barrels of UAE Crude Amid Hormuz Blockade; Evacuation of Citizens Underway: SEOUL — The South Korean Presidential Office announced on Friday that it has secured over 6 million barrels of crude oil fro ...; KO YONG-CHUL Reporter 2026.03.06

Self-Employed Loan Delinquency Rates Double in a Decade Amid Economic Headwinds: SEOUL – The financial health of South Korea’s self-employed individuals is deteriorating rapidly, with bank loan delin ...; Yim Kwangsoo Correspondent 2026.03.05

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