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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UK Economy Unexpectedly Contracts in January, Raising Concerns Ahead of Spring Statement: LONDON – The UK economy experienced an unexpected 0.1% month-on-month contraction in January, according to official figures ...; Eugenio Rodolfo Sanabria Reporter 2025.03.17

South Korean Food Industry Hikes Prices Amidst Political Uncertainty: As South Korea anticipates the presidential impeachment ruling of Yoon Suk-yeol as early as next week, the nation’s food ind ...; Desk 2025.03.15

Gold Prices Hit Record High Amid Trump's 'Tariff War': International gold prices have surged to an all-time high, driven by the escalating 'tariff war' led by US President Donald Trump. ...; Desk 2025.03.15

Malaysia Prepares for Potential US Recession, Focuses on Domestic Economic Resilience: KUALA LUMPUR – As fears of a potential recession in the United States loom, Malaysia is intensifying efforts to bolster its ...; Desk 2025.03.14

Drones to Deliver Essentials to Island Residents in Boryeong, South Chungcheong Province: Boryeong, South Chungcheong Province – Residents of remote islands in Boryeong City, South Chungcheong Province, will soon b ...; Global Economic Times Reporter 2025.03.12

Honduras' Public Debt Exceeds $10.2 Billion in January: Tegucigalpa – Honduras' public external debt reached $10.2192 billion in January 2025, representing 25.3% of the country's G ...; Global Economic Times Reporter 2025.03.11

Paraguay's Path to Financial Inclusion: Digitalization Drives Progress, Education Remains Key: Asunción, Paraguay – Paraguay is making notable strides in expanding financial inclusion, driven by the increasing di ...; Eugenio Rodolfo Sanabria Reporter 2025.03.11

Czech Republic to Boost Defense Spending to 3% of GDP by 2030: Prague, Czech Republic – In a decisive move to bolster national security amid rising global instability, the Czech governmen ...; Desk 2025.03.10

Croatia Secures €3 Billion in Domestic Bond Issuance Amidst Robust Investor Demand: Zagreb, Croatia – Croatia's Ministry of Finance has successfully placed two domestic bond issues, totaling €3 billion ( ...; Desk 2025.03.10

Inje County Seeks Innovative Resident Ideas for Hometown Donation Fund: Inje County, South Korea, is taking a proactive approach to utilizing its Hometown Love Donation Fund by inviting residents to pro ...; Desk 2025.03.10

Singapore Boosts Defense Spending Amid Evolving Security Landscape: CHRISTCHURCH, New Zealand – Singapore has announced a significant 12.4% increase in its defense budget for FY2025, reaching ...; Ana Fernanda Reporter 2025.03.09

Colombia's Economy Sees Inflation Rebound, Challenging Central Bank Goals: This Friday, the Colombian economy received unwelcome news. The cost of living, measured by the Consumer Price Index (CPI), experi ...; Graciela Maria Reporter 2025.03.09

Honduras' Fiscal Outlook Improves as External Debt Shows Slight Decline: Tegucigalpa, Honduras – The Central Bank of Honduras (BCH) has released data indicating a slight improvement in the nation's ...; Ana Fernanda Reporter 2025.03.09

Texas Bill Proposes Criminalizing Transgender Identity, Sparking Outrage: Austin, TX – A controversial bill introduced in the Texas House of Representatives this week has ignited a firestorm of crit ...; Hannah Yeh Reporter 2025.03.09

South Korea's Consumer Prices Continue to Rise, Living Costs Surge to a 7-Month High: South Korea's consumer prices have risen for the second consecutive month, reaching the 2% range, fueling concerns about inflation ...; Min Gyu Mi Reporter 2025.03.07

South Korea Significantly Expands R&D Support for Foreign Investors, Accelerating Efforts to Become a Global Advanced Technology Hub: Seoul, South Korea – The South Korean government has announced a substantial increase in R&D support for foreign direct ...; Global Economic Times Reporter 2025.03.06

South Korea's GNI Growth Stalls Amidst Currency Volatility, Economic Concerns Persist: Seoul, South Korea – South Korea's per capita Gross National Income (GNI) saw a modest increase of 1.2% in 2024, reaching $3 ...; Desk 2025.03.06

South Korea's GNI per Capita Rises 1.2% in 2023, Marking Second Consecutive Year of Growth: According to data released by the Bank of Korea, South Korea's Gross National Income (GNI) per capita reached $36,624 in 2023, a 1 ...; KO YONG-CHUL Reporter 2025.03.05

South Korea Establishes 50 Trillion Won Fund to Support Advanced Strategic Industries: The South Korean government has announced the establishment of a 50 trillion won fund to support advanced strategic industries, in ...; Desk 2025.03.05

Homeplus Pushed Out by Online Shopping... January Transaction Amount Alone Reaches 21.8 Trillion Won: While Homeplus, the second-largest hypermarket in South Korea, has entered corporate rehabilitation proceedings due to deteriorati ...; KO YONG-CHUL Reporter 2025.03.05