Global Economic Times

2026.09.26 (Sat)
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Soraepogu Support Center Opens Wide… Park Chan-dae: “Expectations for Fish Market Revitalization”

Ahead of the Chuseok holiday, citizens continued to visit to purchase seafood. Merchants were busy explaining seafood prices and conditions to customers. On this day, the opening ceremony of the &lsq
OECD Raises Korea's Growth Outlook to 3.7%

The Organisation for Economic Co-operation and Development's (OECD) outlook on the South Korean economy has changed significantly in just three months. The OECD projected South Korea's economi

"U.S. Pushes for Institutionalizing Virtual Assets, While South Korea Treats Them Like Entertainment and Casinos"

It has been found that the South Korean government still classifies "blockchain-based virtual asset trading and brokerage" as an industry excluded from being recognized as a corporate-affi

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Government and Ruling Party Collaborate to Stabilize Prices and Boost Consumption for Lunar New Year: Seoul, South Korea – In preparation for the upcoming Lunar New Year holiday, the South Korean government and the ruling part ...; Hwang Sujin Reporter 2025.01.09

Banks Ease Mortgage Restrictions, But Borrowers Face Limitations: Seoul, Korea – Despite recent moves by major banks to loosen mortgage lending restrictions, the actual impact on borrowers r ...; Global Economic Times Reporter 2025.01.08

Savings Banks and Capital Companies Face Tough Year Amidst PF Defaults: Seoul, South Korea – South Korean savings banks and capital companies are expected to face another challenging year in 2025, ...; Desk 2025.01.08

Small Businesses in South Korea Face Growing Challenges Amid Economic Uncertainty: Seoul, South Korea – A recent survey conducted by the Federation of SMEs (Federation of Small and Medium Enterprises) has re ...; ONLINE TEAM 2025.01.08

Busan Launches 'Good Payment' Campaign to Revitalize Local Economy: Busan, South Korea – In a bid to stimulate its struggling local economy, Busan Metropolitan City has initiated a relay pre-p ...; Hwang Sujin Reporter 2025.01.07

Soaring Vegetable Prices Ahead of Lunar New Year in South Korea: Seoul, South Korea – As South Korea prepares for the Lunar New Year, a traditional holiday marked by family gatherings and f ...; Hwang Sujin Reporter 2025.01.05

South Korea’s National Pension Service Faces Backlash Over Foreign Exchange Hedging: Seoul, South Korea - Amid growing concerns over a continued surge in the won-dollar exchange rate, the National Pension Service (N ...; HONG MOON HWA Senior Reporter 2025.01.05

South Korea Faces Economic Storm, Government Warns: Seoul, South Korea – South Korea is bracing for a significant economic slowdown this year, with the government forecasting a ...; Global Economic Times Reporter 2025.01.03

South Koreans Face Growing Anxiety Over Retirement Security: Seoul, South Korea – A recent survey conducted by Money Today and Gallup Korea has revealed deep-seated concerns among South ...; Global Economic Times Reporter 2025.01.02

Construction Industry Drives Economic Growth in Korea: Seoul, South Korea – A new study by the Korea Institute for Industrial Economics and Trade (KIET) has revealed that the cons ...; Global Economic Times Reporter 2025.01.02

Central Bank of Libya Launches Financial Literacy Campaign to Boost "One Pay" Usage: Tripoli, Libya - The Central Bank of Libya (CBL) has embarked on a series of financial awareness programs aimed at educating the p ...; Pedro Espinola Special Correspondent 2025.01.01

Soaring Exchange Rates Exacerbate South Korea's Energy Crisis: Seoul, South Korea – South Korea's energy public corporations are facing a severe crisis due to the sharp rise in the won-do ...; Desk 2025.01.01

Jeonbuk Province Faces Double-Digit Export Decline Amid Global Economic Slowdown: Jeonju, South Korea – Jeonbuk Province has reported a significant 13.4% decrease in exports in November 2024 compared to the ...; Desk 2025.01.01

South Korea Extends Debt Relief Measures for Vulnerable Groups: Seoul, South Korea – The South Korean government has announced an extension of debt relief measures aimed at providing finan ...; Hwang Sujin Reporter 2025.01.01

Gangnam District, Seoul, Unveils 2025 Budget Focused on Sustainable Growth: Gangnam District, Seoul, South Korea – The Gangnam District has approved a budget of 1.3737 trillion won (approximately US$1 ...; Global Economic Times Reporter 2024.12.31

South Korea's Inflation Reaches a Four-Year Low, But Food Prices Soar: Seoul, South Korea – South Korea's consumer price index (CPI) rose 2.3% in 2024, marking the lowest annual increase since 20 ...; KO YONG-CHUL Reporter 2024.12.31

Seoul Studio Apartment Rents and Deposits Dip Slightly in November: Seoul, South Korea – The average monthly rent and security deposit for studio apartments in Seoul experienced a modest decli ...; Global Economic Times Reporter 2024.12.30

South Korea's Big Five Banks Slash Deposit Rates Amid Central Bank Easing: Seoul, South Korea – [Date] – South Korea's five largest commercial banks have collectively announced reductions in th ...; Desk 2024.12.30

Soaring Dollar Deals Blow to South Korea's SMEs: Seoul, South Korea – South Korea's small and medium-sized enterprises (SMEs) are facing a crisis as the won weakens against ...; Hwang Sujin Reporter 2024.12.30

South Korean Won Slides to 15-Year Low as Political Uncertainty Deepens: Seoul, South Korea – The South Korean won has plunged to its lowest level in 15 years and nine months, with experts warning ...; Hwang Sujin Reporter 2024.12.30