Global Economic Times

2026.06.27 (Sat)
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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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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) ...; ONLINE TEAM 2026.03.19

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 av ...; KO YONG-CHUL Reporter 2026.03.19

Kakao Maintains 16% R&D Investment Ratio, Betting on ‘Model Orchestration’ Strategy: SEOUL – Kakao is carving out a distinct path in the global artificial intelligence race, prioritizing "efficiency and orches ...; Hwang Sujin Reporter 2026.03.19

KOSPI Plummets 2.73% to Close at 5,763.22 Amid Aggressive Institutional and Foreign Selling: SEOUL – The South Korean benchmark KOSPI index took a sharp dive on Thursday, erasing previous gains as heavy selling by for ...; Kim Sungmoon Reporter 2026.03.19

Cash-Flow Lifeline: Korea’s 'Win-Win Payment' Platform Eyes 200 Trillion Won Milestone: (C) Dreamstime.com SEOUL — South Korea’s "Win-Win Payment System" (Sang-saeng) is set to leap forward as a cornerst ...; Global Economic Times Reporter 2026.03.19

Mid-Tier Card Issuers Ignite "Bloody Competition" with Cashback Equivalent to 26 Years of Fees: SEOUL — South Korea’s mid-tier credit card companies have entered a high-stakes marketing war, offering unprecedented ...; Hee Chan Kim Reporter 2026.03.18

Foreign Investors Return: KOSPI Reclaims 5,900 Mark Amid Geopolitical Recovery: SEOUL — The South Korean equity market witnessed a historic surge on Wednesday, with the benchmark KOSPI reclaiming the 5,90 ...; Hwang Sujin Reporter 2026.03.18

“Building a Self-Sustaining Ecosystem”: Retail Giants Race to Upgrade Payment and Settlement Infrastructure: The landscape of the Korean retail industry is undergoing a fundamental shift. No longer content with simply hosting products, maj ...; Kim Sungmoon Reporter 2026.03.17

Won Breaches 1,500 Mark for First Time Since Financial Crisis; KOSPI Stabilizes at 5,500 Amid Chip Rally: SEOUL – The South Korean financial markets faced a day of extreme volatility on Monday, as the won-dollar exchange rate surg ...; KO YONG-CHUL Reporter 2026.03.17

Jeju Bank Leapfrogs into 'Tech-fin' Powerhouse: AI Now Screens Over Half of Corporate Loans: Jeju Bank is accelerating its transition into a digital platform bank by deploying a proprietary Artificial Intelligence (AI)-base ...; Hwang Sujin Reporter 2026.03.16

Gas Prices Edge Lower on First Weekend of Price Cap Amid Middle East Tensions: SEOUL — South Korea’s domestic fuel prices maintained a downward trend over the first weekend since the implementation ...; Desk 2026.03.16

KRW Touches 1,500 Mark Amid Middle East Turmoil and Sticky U.S. Inflation: SEOUL – The South Korean won breached the psychologically significant 1,500 level against the U.S. dollar in overnight tradi ...; Kim Sungmoon Reporter 2026.03.15

Gas Prices See Double-Digit Drop on Second Day of Price Cap; Gap Between Gasoline and Diesel Narrows: SEOUL – South Korea's nationwide average fuel prices continued their sharp descent for the second consecutive day following ...; KIM YOUNG MIN 2026.03.15

BOK Adopts ‘Wait-and-See’ Stance Amid Rising Middle East Tensions: SEOUL — The Bank of Korea (BOK) announced on Thursday that it intends to maintain a "cautious neutral stance" regarding its ...; Yim Kwangsoo Correspondent 2026.03.12

Hanpass Set to Debut on KOSDAQ This Month: Aiming to Become a ‘Total Lifestyle Platform’ for Foreigners: SEOUL – Hanpass, South Korea’s leading overseas remittance platform for foreign residents, is accelerating its leap to ...; Global Economic Times Reporter 2026.03.12

South Korean Industry Under Siege: Record Oil Prices, Logistics Chaos, and U.S. "Super 301" Tariff Pressure: The South Korean industrial sector has entered a state of "quadruple jeopardy." Already reeling from skyrocketing global oil price ...; Global Economic Times Reporter 2026.03.12

Korea’s Per Capita Income Trapped in $30,000 Range for 12 Years Amid Exchange Rate ‘Booby Trap’: SEOUL — South Korea’s per capita Gross National Income (GNI) has remained stuck in the $30,000 range for over a decade ...; Kim Sungmoon Reporter 2026.03.11

Refining the Narrative: S. Korean Refiners Clarify Misconceptions Over Surging Fuel Prices: SEOUL — As the shadow of global conflict pushes international crude oil prices past the $100 per barrel mark, South Korean c ...; KO YONG-CHUL Reporter 2026.03.11

SK Inc. to Retire $3.6 Billion in Treasury Shares to Maximize Shareholder Value: SEOUL – SK Inc., the strategic investment arm of South Korea’s SK Group, announced on March 10, 2026, that its board o ...; Hwang Sujin Reporter 2026.03.11

KOSPI Plummets Over 8%, Triggering Circuit Breaker for the 8th Time in History: The South Korean stock market faced a severe meltdown on Monday morning, with the benchmark KOSPI plunging more than 8% and trigge ...; Global Economic Times Reporter 2026.03.09

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