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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Domestic Mapping Giants Outpace Google in Q1 User Growth, Solidifying Local Dominance: SEOUL — May 18, 2026 | South Korea's leading domestic mapping applications have significantly widened their user base gap wi ...; Desk 2026.05.18

"Capital Gains Tax Lockdown": Seoul Apartment Prices Surge as Sellers Retract Listings: SEOUL — Concerns that stringent real estate tax regulations would trigger a supply crunch and ignite a fresh rally in housin ...; Hwang Sujin Reporter 2026.05.15

Hana Financial Group Injects $750 Million into Dunamu to Spearhead Digital Asset and Blockchain Revolution: SEOUL — Hana Financial Group, one of South Korea’s leading banking giants, announced a landmark strategic investment o ...; KO YONG-CHUL Reporter 2026.05.15

Samsung Electronics Union Rejects "40 Trillion Won" Bonus Proposal, Raising Fears of General Strike: SEOUL — Tensions at Samsung Electronics have reached a boiling point as the company’s primary labor union flatly rejec ...; Global Economic Times Reporter 2026.05.14

South Korea’s Fiscal Deficit Narrows to 39.6 Trillion Won as Real Estate and Stock Market Recovery Boost Tax Revenue: SEJONG — South Korea’s fiscal health showed signs of significant improvement in the first quarter of 2026, with the bu ...; KO YONG-CHUL Reporter 2026.05.14

"Buying a Home with Crypto Gains": 30s Emerge as 'Big Players' in the Real Estate Market: The landscape of South Korea's real estate market is undergoing a significant transformation. The traditional methods of financing ...; KO YONG-CHUL Reporter 2026.05.11

Banking War 2.0: South Korean Banks Race to Transition into 'AI-First' Institutions: SEOUL — The South Korean financial sector is shifting its gears from simple automation to a full-scale "AI Agency" era, wher ...; Desk 2026.05.08

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&r ...; Desk 2026.05.07

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 sur ...; KO YONG-CHUL Reporter 2026.05.05

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 ...; Eugenio Rodolfo Sanabria Reporter 2026.05.04

South Korea’s Energy Relief Fund Hits 76% Application Rate in Debut Week; ₩1.4 Trillion Distributed: SEOUL – In a rapid response to the burgeoning financial pressure of global energy costs, South Korea’s "High Oil Price ...; Global Economic Times Reporter 2026.05.04

South Korea’s April Exports Hit Record $85.9 Billion, Driven by AI-Fueled Semiconductor and SSD Surge: SEOUL — South Korea’s export machine has reached an unprecedented milestone, fueled by a global explosion in Artificia ...; Global Economic Times Reporter 2026.05.02

KOSPI Breaks 6,600 Barrier for First Time, Ushering in 6,000 Trillion Won Era: On April 27, the Korea Composite Stock Price Index (KOSPI) closed at a record-breaking 6,615.03, jumping 139.40 points (2.15%) fro ...; Global Economic Times Reporter 2026.04.28

Coffee and Pay Vouchers Take Center Stage: KT Alpha Reports 65% Surge in Mobile Gifting for Labor Day: SEOUL – As Labor Day approaches on May 1st, the landscape of corporate rewards in South Korea is shifting rapidly toward dig ...; KO YONG-CHUL Reporter 2026.04.25

Diesel Prices Surpass ₩2,000 Milestone Amid Middle East Tensions and Price Cap Implementation: SEOUL – South Korea’s energy market faced a historic milestone on Friday as domestic diesel prices breached the 2,000- ...; Kim Sungmoon Reporter 2026.04.25

KOSPI Hits All-Time High Amid Mid-East Volatility; Samsung Electronics Surges: SEOUL – The South Korean stock market demonstrated remarkable resilience on Thursday, as the benchmark KOSPI index shrugged ...; KO YONG-CHUL Reporter 2026.04.23

Government Freezes Fuel Price Caps and Expands LPG Tax Cuts to Combat Inflation: SEOUL – In a decisive move to shield households from persistent inflationary pressures, the South Korean government announce ...; Global Economic Times Reporter 2026.04.23

Naphtha Prices Skyrocket 68%: South Korea Braces for Producer Price Surge: South Korea’s production costs have hit a fever pitch as the Producer Price Index (PPI) extended its climbing streak for a s ...; Global Economic Times Reporter 2026.04.22

Gov't Launches 'One-Team' Initiative to Transform Regional Airports into Tourism Hubs: The South Korean government has officially embarked on a collaborative effort to transform regional airports into strategic gatewa ...; KIM YOUNG MIN 2026.04.21

From Safety Drivers to Fully Autonomous: South Korea to Launch First Unmanned Trucking Service in June: SEOUL — The landscape of South Korea’s logistics industry is set for a historic shift this summer. Starting in June, a ...; Hwang Sujin Reporter 2026.04.19

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