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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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

Singapore Government to Provide Cash Assistance and Medisave Bonuses: Singapore – The Singapore government has announced a comprehensive assistance package to alleviate the cost of living and su ...; Ana Fernanda Reporter 2024.12.01

Foreigners Own Nearly 100,000 Homes in South Korea: Seoul, South Korea – The Ministry of Land, Infrastructure and Transport released a report on November 29th, revealing that f ...; ONLINE TEAM 2024.11.30

South Korea Sees Rise in Household Income and Savings in Q3: Seoul, South Korea – South Korea's households experienced a boost in both income and savings in the third quarter of 2024, a ...; ONLINE TEAM 2024.11.29

Kbank to Temporarily Suspend Services for System Upgrade: Kbank, a leading digital bank in South Korea, announced on [date] that it will temporarily suspend its services from 0:00 AM to 8: ...; Hwang Sujin Reporter 2024.11.29

EDB Advances Key Projects in Central Asia: Investments, Water Management, and Energy Transition: Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB) and a member of Kazakhstan's Foreign Inv ...; Ana Fernanda Reporter 2024.11.29

Yomiuri Shinbun to Launch New Stock Index, Yomiuri 333: Tokyo, Japan – The Yomiuri Shinbun, a major Japanese newspaper, announced plans to launch a new stock index called "Yomiuri ...; ONLINE TEAM 2024.11.28

Taiwan's Economy Shows Signs of Slowdown Despite AI Boom: Taipei, Taiwan – Taiwan’s National Development Council (NDC) has reported that the country’s economic monitoring ...; Hwang Sujin Reporter 2024.11.28

Ringgit Strengthens Against US Dollar Amidst Fed Rate Hike Uncertainty: The Malaysian ringgit has strengthened against the US dollar, buoyed by a more dovish-than-expected Federal Reserve meeting minute ...; Global Economic Times Reporter 2024.11.28

Philippines Records Budget Surplus in October, Cuts Annual Deficit: Manila, Philippines – The Philippine government has reported a budget surplus of 6.3 billion pesos in October, a significant ...; Global Economic Times Reporter 2024.11.28

Euro Nears Parity with Dollar as US Economy Outperforms: Seoul, South Korea – The US dollar continues to strengthen against the euro, with the possibility of the two currencies reac ...; Global Economic Times Reporter 2024.11.27

South Korea's Rising Delinquency Rates Signal Economic Strain: Seoul, South Korea – South Korea's credit card and savings bank delinquency rates have surged in the third quarter, indicati ...; KO YONG-CHUL Reporter 2024.11.27

South Korea's Cryptocurrency Tax Debate Heats Up: Seoul, South Korea – South Korea's National Assembly is embroiled in a heated debate over the taxation of cryptocurrency gai ...; Hwang Sujin Reporter 2024.11.27

Dollar Deposits Fluctuate as South Korean Won Weakens: Seoul, South Korea – The fluctuation of the South Korean won against the US dollar has led to increased volatility in dollar ...; Desk 2024.11.27

Lotte Chemical Struggles Amidst Falling Share Prices and Mounting Financial Concerns: Seoul, South Korea – Lotte Chemical's stock price has been plummeting due to a combination of a downturn in the petrochemica ...; KO YONG-CHUL Reporter 2024.11.27

Financial Supervisory Service Upholds Auto Lease Companies' Right to Charge Depreciation Fees: Seoul, South Korea – The Financial Supervisory Service (FSS) has ruled that it is legitimate for auto lease companies to cha ...; Hwang Sujin Reporter 2024.11.27

Paraguay's Economic Growth Masks Deep-Rooted Poverty: Asunción, Paraguay – Despite experiencing robust economic growth in recent years, Paraguay continues to grapple with ...; KO YONG-CHUL Reporter 2024.11.26

South Korea's Credit Card and Savings Bank Delinquency Rates Rise Amid Economic Strains: Seoul, South Korea – South Korea is grappling with a rising tide of household debt as the delinquency rates of credit cards ...; Desk 2024.11.25

Euro Plunges Amidst Strong Dollar and Economic Uncertainties: The euro has hit its lowest level against the dollar in nearly two years, as concerns over a potential global recession and the im ...; Graciela Maria Reporter 2024.11.25