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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Paraguay: Vegetable and Fruit Prices Soar 30% in 5 Months, Raising Concerns of Prolonged High Inflation: In Paraguay, the prices of vegetables and fruits have surged by an average of over 30% in the past five months, placing a signific ...; Global Economic Times Reporter 2025.05.06

Asian Markets Mixed Amid US-China Trade Uncertainty; Australian Shares Decline on Westpac Earnings Miss: Asian stock markets exhibited a generally subdued performance on Monday, trading within a narrow range as investors cautiously mon ...; Global Economic Times Reporter 2025.05.05

IMF Downgrades South Korea's Economic Outlook: $40,000 Per Capita GDP Delayed to 2029: A recent report from the International Monetary Fund (IMF) has cast a shadow over South Korea's economic trajectory, pushing back ...; Kim Sungmoon Reporter 2025.05.05

Paraguay's April Inflation Slows to 0.4%, Cumulative 3% Records Persistent Pressure: The Central Bank of Paraguay (BCP) announced last month through a press conference that the inflation rate for April 2025 recorded ...; KO YONG-CHUL Reporter 2025.05.04

Wall Street Trades with Losses After Unexpected Contraction of the US GDP: New York – Wall Street experienced a downturn on Wednesday as major indices registered losses following the release of data ...; Greace Nunez Correspondent 2025.05.03

U.S. Economy Stumbles with Unexpected Q1 GDP Contraction Amid Tariff Fallout: Washington D.C. – The United States economy has delivered a significant shock, reporting a contraction of 0.3% in its Gross ...; Pedro Espinola Special Correspondent 2025.05.03

Daejeon Boosts Digital Inclusion with Enhanced Assistive Technology Support for People with Disabilities: DAEJEON, SOUTH KOREA – Daejeon Metropolitan City has announced an ambitious initiative to bolster digital inclusion for its ...; Hwang Sujin Reporter 2025.05.03

Cheonan City Launches Intensive Crackdown on Delinquent Local Taxes to Bolster Fiscal Stability: Cheonan City, South Korea – Cheonan City has announced a robust initiative to aggressively pursue the collection of outstand ...; JEONG CHAN MYEONG Senior Reporter 2025.05.03

Cheonan City Boosts Green Mobility with Electric Motorcycle Subsidies, Incentivizing Scrappage of Polluting Vehicles: Cheonan, South Korea – In a proactive move to combat air pollution and foster a greener urban environment, Cheonan City has ...; HONG MOON HWA Senior Reporter 2025.05.03

Philippine April Inflation Expected to Slightly Increase, Impacted by Electricity and Public Transportation Fare Hikes: MANILA, Philippines – The Philippines' April consumer price index (CPI) inflation rate is expected to have slightly increase ...; Hwang Sujin Reporter 2025.05.03

South Korea's Parliament Approves 13.8 Trillion Won Supplementary Budget Amid Political Wrangling: Seoul, South Korea - The South Korean National Assembly has passed a 13.8 trillion won (approximately $10.1 billion USD) supplemen ...; Desk 2025.05.01

Hyundai Drives into North American Logistics with New Hydrogen Truck and Charging Infrastructure: ANAHEIM, CA – Hyundai Motor Company is making a significant push into the burgeoning North American zero-emission commercial ...; Desk 2025.04.30

Trace Cesium Halts Japanese Nut Import to South Korea: SEOUL, South Korea – Import procedures for processed peanuts and nuts from Japan have been halted after minute traces of rad ...; Desk 2025.04.28

IMF Downgrades South Korea's Path to $40,000 Per Capita GDP, Citing Global Uncertainties: SEOUL - South Korea's ascent to a $40,000 per capita GDP milestone is expected to take longer than previously anticipated, accordi ...; KO YONG-CHUL Reporter 2025.04.28

South Korean Self-Employed Face Mounting Debt Amid Economic Slump: SEOUL - South Korea's self-employed sector is facing a growing financial strain, with debt levels soaring to over three times thei ...; Desk 2025.04.28

Itaipu 'Slept' Through Real Depreciation, Resulting in ₩200 Billion Loss?: Economist Gladys Benegas Points to Poor Financial Management Overlooking Exchange Rate Risk: A controversy is brewing over claims that Itaipu Binacional (hereinafter referred to as Itaipu), a joint hydroelectric power plant ...; Desk 2025.04.28

Taiwan's Export Growth Projected to Remain Robust Amidst Trade Dynamics: The Taiwan-based think tank, the Chung-Hua Institution for Economic Research (CIER), has released a projection indicating that Tai ...; Ana Fernanda Reporter 2025.04.27

South Korea and U.S. Launch Full-Scale Trade Talks Amidst High-Stakes Tariff Dispute: Washington D.C. – South Korea and the United States have officially commenced comprehensive trade negotiations following a p ...; Desk 2025.04.27

Credit Rating Agency Warns of Challenges for Paraguay's Banking System: ASUNCIÓN, Paraguay – International credit rating agency Fix SCR recently issued a report warning that Paraguay's bank ...; Eugenio Rodolfo Sanabria Reporter 2025.04.25

Paraguay's Central Bank Holds Key Interest Rate at 6.00% for 13th Consecutive Month: ASUNCIÓN – The Central Bank of Paraguay (BCP) announced yesterday, following a meeting of its Monetary Policy Committ ...; Desk 2025.04.25