Global Economic Times

2026.03.22 (Sun)
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Saudi Arabia Warns of $180 Oil as Iran Conflict Threatens Global Energy Security

RIYADH — Saudi energy officials have issued a stark warning that international crude prices could surge past $180 per barrel if the ongoing conflict in Iran and subsequent supply disruptions ext
South Korea Unveils $47 Million "AX One-Stop" Initiative to Accelerate Industrial AI Transformation

SEOUL — In a bold move to cement its position as a global AI powerhouse, the South Korean Ministry of Science and ICT (MSIT) announced today a massive investment of 625.46 billion KRW (approxima

Finance Chief Koo Vows All-Out Measures to Stabilize Markets Amid Rising Global Volatility

SEOUL — South Korea’s top economic policymaker declared on Thursday that the government is prepared to mobilize all available policy tools, including a supplementary budget and massive mar

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Saudi Arabia's Industrial Sector Sees Strong Growth in October: Riyadh: Saudi Arabia's industrial sector continued its upward trajectory in October 2024, with the Industrial Production Index (IP ...; Eugenio Rodolfo Sanabria Reporter 2024.12.11

South Koreans Scramble for Dollars as Won Weakens: Seoul, South Korea – As concerns grow over a potential surge in the won-dollar exchange rate amid a state of emergency and p ...; KO YONG-CHUL Reporter 2024.12.11

South Korea Scraps Inheritance Tax Cuts Amid Political Stalemate: Seoul, South Korea – South Korea’s parliament has blocked a government proposal to reduce inheritance and gift taxes, ...; Desk 2024.12.11

South Korea's Wealth Gap Widens Amid Declining Household Debt: Seoul, South Korea – South Korea's household wealth gap has widened despite a recent decline in overall debt, according to t ...; ONLINE TEAM 2024.12.09

Saudi Arabia's Non-Oil Sector Drives Economic Growth: Riyadh, Saudi Arabia – Saudi Arabia's economy continued its upward trajectory in the third quarter of 2024, propelled by the ...; ONLINE TEAM 2024.12.09

Soaring Fuel Prices in South Korea: Seoul, South Korea – Gasoline and diesel prices in South Korea have continued their upward trend for the eighth consecutive ...; Desk 2024.12.08

Saudi Arabia's Real Estate Boom: A Deep Dive: Riyadh, Saudi Arabia – Saudi Arabia's real estate sector is experiencing unprecedented growth, fueled by government initiati ...; Graciela Maria Reporter 2024.12.08

Domestic Fuel Prices Continue to Soar Despite Falling International Oil Prices: Seoul, South Korea – Despite a recent dip in international oil prices, domestic fuel prices in South Korea have continued to ...; Global Economic Times Reporter 2024.12.07

Global Food Prices Climb to Highest Level Since April 2023: Rome, Italy – Global food prices reached their highest level since April 2023, according to the latest Food Price Index rele ...; Eugenio Rodolfo Sanabria Reporter 2024.12.07

South Korea's Stock Market Plunges Amid Impeachment Crisis: Seoul, South Korea – South Korea's stock market experienced a significant downturn on [Date] as the nation grapples with a d ...; Desk 2024.12.06

South Korea's Real GNI Rises Amidst Slowing Growth: Seoul, South Korea – South Korea's real gross national income (GNI), a measure of a nation's total income, increased by 1.4% ...; JEONG CHAN MYEONG Senior Reporter 2024.12.05

South Korea Unveils Small Business Support Package Amidst Political Turmoil: Seoul, South Korea – Despite the ongoing political upheaval following the declaration of a state of emergency, the South Kor ...; Desk 2024.12.05

South Korea's Housing Market Cools Amid Tightening Regulations: Seoul, South Korea – South Korea's housing market is experiencing a significant downturn, marked by a continuous decline in ...; Desk 2024.12.05

South Korea Tightens Rules on Year-End Tax Settlements: Seoul, South Korea – South Korea's National Tax Service (NTS) has announced a significant overhaul of its year-end tax settl ...; Desk 2024.12.05

Consumer Prices Rise as Food Costs Soar, Despite Falling Oil Prices: Seoul, South Korea – South Korea's consumer prices continued to climb in November, marking the third consecutive month of in ...; ONLINE TEAM 2024.12.04

New York Stocks Close Mixed Amid South Korean Political Turmoil: New York, NY – Major U.S. stock indices closed mixed on Wednesday as investors grappled with the fallout from South Korean P ...; Global Economic Times Reporter 2024.12.04

Hungary to Resume Large-Scale Infrastructure Investments in 2025: Budapest, Hungary – The Hungarian government has announced plans to reinvigorate its infrastructure investment program in 20 ...; Ana Fernanda Reporter 2024.12.03

Daejeon Launches First Public Investment Firm to Boost Startup Ecosystem: Daejeon, South Korea – Daejeon City has successfully registered Daejeon Investment Finance Co., Ltd. as a new technology-bas ...; HONG MUN HWA Senior Reporter 2024.12.02

Orion Confronts Backlash Over Selective Price Hikes: Seoul, South Korea – Orion, a leading South Korean confectionery company, is facing mounting criticism for its recent decisi ...; Global Economic Times Reporter 2024.12.02

South Korean Firms Brace for Tough Times, Half to Cut Costs in 2025: Seoul, South Korea – A recent survey conducted by the Korea Employers Federation (KEF) has revealed that nearly half of Sout ...; Hwang Sujin Reporter 2024.12.02