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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Spiraling Deficits Driven by Overtreatment: Private Health Insurance Premiums to Rise 7.8% Next Year: (C) KBS SEOUL – South Korean policyholders are facing a significant financial burden as private health insurance premiums a ...; Hwang Sujin Reporter 2025.12.24

Gold and Silver Prices Surge to Record Highs: Analysts Predict Further Upside Amid Favorable Macro Conditions: (C) Discovery Alert The global precious metals market has reached an unprecedented milestone, with both gold and silver prices si ...; Global Economic Times Reporter 2025.12.23

Tech Surge Lifts Wall Street as Santa Rally Hopes Ignite: (C) Dataconomy NEW YORK — U.S. stocks closed higher on Monday, driven by a resurgence in technology shares as investors loo ...; Eugenio Rodolfo Sanabria Reporter 2025.12.23

FSS to Nullify Financial Contracts Amid Massive Losses; Sweeping Reform to Bolster Consumer Protection: SEOUL — The Financial Supervisory Service (FSS) has unveiled a comprehensive "Financial Consumer Protection Improvement Road ...; Hwang Sujin Reporter 2025.12.23

Delinquency Rates Among South Korean Sole Proprietors Hit Record High Amid Economic Stagnation: (C) Nikkei Asia SEOUL — The financial stability of South Korea’s self-employed sector has reached a critical breaki ...; Global Economic Times Reporter 2025.12.23

Seoul Apartment Monthly Rents Hit Record High Amid Severe Lease Shortage: (C) The Japan Times SEOUL – Monthly rent prices for apartments in Seoul have surged to an all-time high this year, driven b ...; Hwang Sujin Reporter 2025.12.21

North Korean Hackers Seize $1.5B in Record Crypto Heist Year: (C) Techradar SEOUL — Global cryptocurrency losses from hacking have reached a staggering $2.7 billion (approx. 3.99 trilli ...; KO YONG-CHUL Reporter 2025.12.21

"How can we save?" Young Koreans struggle with rising living costs and stagnant income.: (C) Easy Campus SEOUL – A recent report highlights the deepening economic distress of South Koreans in their 20s and 30s, a ...; Desk 2025.12.19

Hana Financial Group Expands Global Footprint with $100 Million Capital Injection into U.S. Subsidiary: (C) Hana Financial Group Hana Financial Group is set to carry out a large-scale capital increase for its U.S. subsidiary, Hana Ba ...; KO YONG-CHUL Reporter 2025.12.19

S. Korean Won Breaches 1,480 per Dollar Amid Foreign Sell-off; Authorities Activate FX Swaps: (C) KED Global SEOUL — The South Korean won plummeted past the psychologically significant 1,480 mark against the U.S. doll ...; KO YONG-CHUL Reporter 2025.12.18

KRX Temporarily Slashes Stock Trading Fees by 20-40% to Counter ATS Rival: (C) Deco Journal SEOUL – The Korea Exchange (KRX), South Korea’s sole stock market operator, announced a temporary ...; Hee Chan Kim Reporter 2025.12.15

South Korea’s National Assembly Passes Banking Act Amendment Regulating Loan Interest Rates: (C) KED Global SEOUL – The South Korean National Assembly passed a controversial amendment to the Banking Act today, design ...; Global Economic Times Reporter 2025.12.13

Won-Dollar Exchange Rate Rises to 7-Month High: South Korean Authorities Scramble to Stabilize Currency as Overseas Investment Surges: (C) TradingPedia SEOUL, South Korea — The South Korean won (KRW) has been under severe pressure, with the won-dollar exchan ...; Hee Chan Kim Reporter 2025.12.11

Netflix Stock Plummets 10% on Credit Downgrade Fears Following Blockbuster Warner Bros. Acquisition: (C) Variety HOLLYWOOD — Netflix's ambitious plan to acquire Warner Bros. and its assets, including HBO Max, for a staggerin ...; Sharon Yoon Correspondent 2025.12.11

Alibaba's AI Ascent: Stock Soars 70% as Tech Giant Pivots Beyond E-commerce: (C) Tip Ranks Alibaba Group Holding, globally known for its massive e-commerce platforms like AliExpress and Taobao, is rapidly a ...; Desk 2025.12.11

LG Electronics Poised for a Major Earnings Rebound in 2026: Brokerage Hikes Target Price to KRW 130,000: (C) ET Retail SEOUL - LG Electronics (LGE) is expected to stage a significant earnings recovery starting next year, despite an an ...; Yim Kwangsoo Correspondent 2025.12.11

KOTRA Secures Record $700M Budget for 2026, Spearheading Export Growth and Economic Security: SEOUL, South Korea – The Korea Trade-Investment Promotion Agency (KOTRA) is gearing up for a major push in national export a ...; KO YONG-CHUL Reporter 2025.12.08

Musk's SpaceX Valuation Soars to Up to 800 Billion USD, Claiming Title as World's Most Valuable Private Company: (C) UNN.ua Elon Musk's space exploration company, SpaceX, is reportedly poised to reach a staggering valuation of up to $800 billi ...; Eunsil Ju Reporter 2025.12.08

Economists Predict Another Fed Rate Cut Ahead of Final FOMC of the Year: (C) Coinpedia SEOUL - The U.S. Federal Reserve (Fed) is set to convene its final Federal Open Market Committee (FOMC) meeting of t ...; Global Economic Times Reporter 2025.12.08

Seoul's 'Insane Rent' Warning: Why $30,000 Monthly Rent is a Looming Threat Residential Crisis Deepens as Tourist Housing Conversion Hits Supply: (C) Pixabay A severe shortage of residential properties, particularly in Seoul, is fueling a surge in conversion of urban housing ...; Desk 2025.12.06