Global Economic Times

2025.10.25 (Sat)
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Traffic Congestion Levy Stifles Support for Small Businesses

Seoul — The "Happy Department Store" (Haengbokhan Department Store), established by the South Korean government to support small and medium-sized enterprises (SMEs) and expand sales
South Korea's Per Capita GDP Slump: Taiwan Expected to Overtake for the First Time in 22 Years

SEOUL—South Korea's economic standing is facing a potential setback as the International Monetary Fund (IMF) projects a significant drop in its per capita Gross Domestic Product (GDP) rankin

South Korea 'Trapped': OECD Shock as Tax Revenue Plummets

SEOUL—South Korea faces a dire economic warning, with its ratio of tax revenue to Gross Domestic Product (GDP) plummeting to 17.6% in 2024, ranking it 30th out of 38 OECD member nations. This fi

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Philippines Misses Upper-Middle Income Status: Vows Further Efforts to Achieve Goal: MANILA, Philippines – The Philippines remains classified as a lower-middle-income country, according to the World Bank's 202 ...; Ana Fernanda Reporter 2025.07.04

Bitstamp Accelerates Asia Market Expansion with Singapore MAS License Acquisition: Bitstamp, a leading global cryptocurrency exchange, has achieved a significant milestone in its Asia-Pacific (APAC) expansion stra ...; Desk 2025.07.04

Asunción City's Tax Revenue Jumps 40% After Publishing Delinquent Taxpayers List: ASUNCIÓN, PARAGUAY – Asunción City Hall has achieved a remarkable 40% increase in tax revenue compared to the ...; Graciela Maria Reporter 2025.07.04

Securities Firms Increase Fees Following New VAT Law Implementation: Vietnamese securities firms have increased various customer service fees starting July 1, following the implementation of a new Va ...; Hwang Sujin Reporter 2025.07.04

Vietnam's Economy Exceeds Expectations: H1 GDP Growth Reaches 7.31%: Vietnam's economy has shown strong growth in the first half of this year, surpassing expectations, with GDP growth projected to be ...; KO YONG-CHUL Reporter 2025.07.04

Paraguay's Tax Revenue Continues Growth, Up $251.6 Million in First Half: The Paraguayan National Directorate of Tax Revenue (DNIT) announced a significant increase in tax revenue for June 2025 compared t ...; Eugenio Rodolfo Sanabria Reporter 2025.07.02

Trump's Post-Inauguration US Tariff Revenue Exceeds $100 Billion, Economic Ripple Effects Noted: Since Donald Trump's inauguration as president, US tariff revenue has significantly increased, surpassing $100 billion. According ...; Desk 2025.07.01

IMF Approves $285 Million in Support for Paraguay, Recognizing Stable Economic Growth and Reform Efforts: WASHINGTON, D.C. – The International Monetary Fund (IMF) announced on June 27 (local time) the completion of its fifth revie ...; Hwang Sujin Reporter 2025.07.01

Paraguay's National Payment System Law: Market Opening and Consumer Benefit Prospects: Asuncion, Paraguay – June 29, 2025 – Paraguayan President Santiago Peña has signed the controversial National P ...; Eugenio Rodolfo Sanabria Reporter 2025.06.30

"Income Tax-Free" Tampa, Florida, Emerges as Optimal U.S. City for Foreign Corporate Investment: Tampa, Florida, has captured the attention of the global business community by being selected as the best U.S. major metropolitan ...; Pedro Espinola Special Correspondent 2025.06.27

Texas Enacts Foreign Real Estate Ownership Ban, Fueling "Anti-China Sentiment" Controversy: A new law in Texas, restricting real estate purchases by foreign nationals from specific countries, is causing a significant stir. ...; Global Economic Times Reporter 2025.06.27

Texas Strengthens Response to Virtual Asset Crimes: Seizure Law Effective September 1: Texas will fully implement a bill on September 1, 2025, that significantly strengthens oversight of crimes involving virtual asset ...; Global Economic Times Reporter 2025.06.27

Paraguay Raises $80.5 Million Through Bond Issuance, Fueling Fiscal Health Concerns: Paraguay's Ministry of Economy and Finance (MEF) successfully completed the second issuance of 2025 fiscal year treasury bonds on ...; Greace Nunez Correspondent 2025.06.27

Middle East Ceasefire Agreement: Dynamic Shifts in Global Asset Markets: News of a ceasefire agreement between Israel and Iran has sent the global asset markets into flux, with international oil and gold ...; Yim Kwangsoo Correspondent 2025.06.24

Economic Growth Amidst Stagnant Job Market: Deepening Imbalance: Despite positive growth in economic indicators, the actual job market remains stagnant, leading to a deepening imbalance. In parti ...; Eugenio Rodolfo Sanabria Reporter 2025.06.23

KOSPI Reclaims 3,000 Mark After 3 Years and 6 Months, Driven by Domestic Hopes and Foreign Inflows: Seoul, South Korea – South Korea's benchmark KOSPI index has surged past the 3,000-point threshold, closing at 3,021.84 on J ...; Desk 2025.06.21

South Korea Unveils Sweeping Debt Relief for Small Businesses Amid Fairness Concerns: SEOUL – The South Korean government is set to implement a substantial debt relief program, aiming to cancel approximately 16 ...; Hwang Sujin Reporter 2025.06.19

South Korea Unveils $22 Billion Stimulus Package to Revitalize Sagging Economy: SEOUL, South Korea – In a significant move to counter prolonged domestic consumption stagnation and political uncertainty, t ...; KO YONG-CHUL Reporter 2025.06.19

Chaotic Vehicle Registration System: Municipalities Warned of Fines for Unrenewed Fees: As the vehicle registration renewal deadline approaches, municipalities across Paraguay are facing extreme chaos due to the influx ...; Ana Fernanda Reporter 2025.06.18

South Korea's Debt Crisis Deepens: Household and Small Business Delinquencies Hit 11-Year High: SEOUL, South Korea – South Korea is grappling with a rapidly escalating debt crisis as an increasing number of households an ...; Desk 2025.06.16

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