Global Economic Times

2026.08.11 (Tue)
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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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Saudi Arabia Warns of $180 Oil as Iran Conflict Threatens Global Energy Security: RIYADH — Saudi energy officials have issued a stark warning that international crude prices could surge past $180 per barrel ...; Ana Fernanda Reporter 2026.03.20

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

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