Global Economic Times

2026.08.12 (Wed)
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U.S. July Payrolls Unexpectedly Drop, Reigniting Concerns Over Labor Market Cooling

WASHINGTON — U.S. nonfarm payrolls unexpectedly contracted in July, breaking expectations of modest growth and stirring fresh debate over the trajectory of the American economy and future Federa
SK Hynix Declares Q2 Dividend of 375 Won Per Share, Signals Enhanced Shareholder Returns in Q3

SEOUL — SK Hynix Inc., the world’s second-largest memory chipmaker, announced on Friday that its board of directors has approved a quarterly cash dividend of 375 Korean won ($0.27) per com

South Korean Retail Investors Pivot Back to Tech Giants: Amazon and Micron Lead Massive Buying Spree

SEOUL — South Korean retail investors—affectionately referred to in financial markets as "Seohak Ants" for their diligent and aggressive buying of foreign equities—have e

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US Inflation Rebounds, Rattling Economic Nerves and Posing Challenge for Trump: The US economy is on high alert as the January Consumer Price Index (CPI) rebounded to 3%, the highest level in seven months. This ...; Sharon Yoon Correspondent 2025.02.13

Gold Rush Continues: Investors Flock to Gold Amidst Soaring Prices and Trade War Fears: Seoul – The price of gold has been on a relentless climb, fueling a surge in investment demand. This has led to record-break ...; Desk 2025.02.13

South Korea's Mint Halts Gold Bar Sales Amidst Soaring Demand and Global Trade Tensions: SEOUL – The Korea Minting and Security Printing Corporation (KOMSCO) has announced a temporary suspension of gold bar sales, ...; KO YONG-CHUL Reporter 2025.02.12

IMF Maintains South Korea's Economic Growth Forecast at 2.0% for 2025: The International Monetary Fund (IMF) has maintained its economic growth forecast for South Korea at 2.0% for 2025. In its annual ...; KO YONG-CHUL Reporter 2025.02.08

Bank of Korea's Gold Reserves Ranking Drops Amid Global Gold Rush: The Bank of Korea's (BOK) ranking in global gold reserves has fallen two places in the past year, from 36th to 38th. This comes a ...; KO YONG-CHUL Reporter 2025.02.06

Dollar Plummets in Colombia, Offering Savings for Consumers: Bogota, Colombia - The US dollar has seen a significant drop in value against the Colombian peso in recent months, leading to lowe ...; Graciela Maria Reporter 2025.02.05

Financial Markets Plunge as US Tariff War Begins: Global markets were sent reeling on February 3rd as the US tariff war, initiated by President Trump, began to take effect. The Ko ...; Global Economic Times Reporter 2025.02.04

El Salvador's Workforce Shows Significant Growth in 17 Years: San Salvador, El Salvador – The economically active population (PEA) of El Salvador has seen a substantial increase over the ...; Graciela Maria Reporter 2025.02.02

Central Bank of Libya Takes Steps to Boost Investment and Address Economic Challenges: DERNA, Libya – The Board of Directors of the Central Bank of Libya (CBL) convened its first meeting of 2025 in Derna, chaire ...; Graciela Maria Reporter 2025.02.02

Libya's NOC Aims for Production Boost and Enhanced Transparency: TRIPOLI – Libya's National Oil Corporation (NOC) is prioritizing increased oil production and greater transparency under its ...; Graciela Maria Reporter 2025.02.02

South Korea Boosts Support for Low-Income Households to Purchase Energy-Efficient Appliances: Seoul – The Ministry of Trade, Industry and Energy announced on February 2nd that it will invest 12.5 billion won (approxima ...; Global Economic Times Reporter 2025.02.02

Panama Weighs Post-Dollarization Future Amidst US Tensions: Panama's long-standing economic cornerstone, its dollarized monetary system, is facing renewed scrutiny amidst rising global econo ...; Graciela Maria Reporter 2025.02.02

Wage Growth Lags Behind Soaring Inflation, Widening Income Disparity in South Korea: SEOUL – South Korea's workers are facing a growing income squeeze as wage growth has slowed for the second consecutive year ...; Hwang Sujin Reporter 2025.01.31

Soaring Food Prices Drive Inflation in South Korea: Seoul – A recent report by Statistics Korea has revealed that a staggering nine out of the top ten items that experienced th ...; Global Economic Times Reporter 2025.01.31

Surge in One-Person Media Creators, Top Earners Rake in Billions: The number of one-person media creators, such as YouTubers, has surged nearly 20-fold in the past five years, raising concerns abo ...; Hwang Sujin Reporter 2025.01.31

Financial Instability Index Soars Amid Political Uncertainty: The Financial Instability Index (FSI) in South Korea surged to its highest point in a year last December, approaching levels seen ...; Desk 2025.01.31

S. Korean Government Rethinking Levy Abolition Spree Amidst Revenue Shortfalls: SEOUL – The Yoon Suk-yeol government's push to eliminate various levies, including those on movie tickets and development pr ...; ONLINE TEAM 2025.01.31

Argentina and IMF Nearing Deal, Wall Street Optimistic: Buenos Aires, Argentina – Wall Street is growing increasingly optimistic about a potential deal between Argentina and the In ...; Eugenio Rodolfo Sanabria Reporter 2025.01.30

Seoul Subway Fares to Increase by 150 Won in March: Seoul, South Korea – Seoul’s subway fares are set to increase by 150 won in March, as the city grapples with the growi ...; KO YONG-CHUL Reporter 2025.01.30

South Korean Food and Franchise Industry Revamps to Stimulate Stagnant Domestic Market: Seoul, South Korea – As South Korea's domestic market continues to face challenges, the food and franchise industry is takin ...; ONLINE TEAM 2025.01.30