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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CAPASU Announces Up to 40% Discount on 55 Items for Easter: ASUNCIÓN, Paraguay – The Paraguayan Supermarket Association (CAPASU) has announced a special Easter promotion offerin ...; Global Economic Times Reporter 2025.04.02

Argentina's Poverty Rate Plummets in 2024: What's Behind It?: According to data released by Argentina's National Institute of Statistics and Census (Indec), the poverty rate in Argentina reach ...; Desk 2025.04.02

Daejeon City Reduces Traditional Market Delivery Costs and Enhances Online Competitiveness: Daejeon City will implement a rider delivery support program starting April 1st to support the expansion of online sales channels ...; KO YONG-CHUL Reporter 2025.04.01

1 in 5 Paraguayans Struggle to Make Ends Meet: Paraguay - It has been revealed that 1 in 5 Paraguayans are living in poverty to the extent that maintaining basic livelihoods is ...; Pedro Espinola Special Correspondent 2025.04.01

Trump's "Car Tariff Bomb" Threatens South Korean Economy: Seoul, South Korea - A significant economic shockwave is emanating from the United States as President Donald Trump announced the ...; KO YONG-CHUL Reporter 2025.03.31

Singapore Stocks Set to Deliver April Dividends for Income Investors: For investors seeking a steady stream of passive income, identifying companies with a consistent history of dividend payouts is pa ...; Graciela Maria Reporter 2025.03.31

Salaried Workers' Average Debt Around 50 Million KRW, Highest Among 30-40s: In 2023, the average loan amount among salaried workers' debt was approximately 50 million KRW, showing a slight increase from the ...; ONLINE TEAM 2025.03.29

Burger Prices Continue to Rise, Consumer Groups Criticize Food Companies for "Ignoring Consumers": Lotteria will raise the prices of its burgers and other products for the first time in eight months. As food companies continue to ...; Global Economic Times Reporter 2025.03.28

Bank Deposit Rates Fall to 2% Range... Interest Rate Spread Widens for 6th Consecutive Month: As market interest rates continue their downward trend, bank deposit rates fell to the 2% range last month. The interest rate spre ...; ONLINE TEAM 2025.03.28

South Korean Bank Loan Delinquency Rate Rebounds in January Amid Rising Household and Corporate Defaults: SEOUL, South Korea - South Korean banks experienced a renewed increase in loan delinquency rates in January, according to data rel ...; Yim Kwangsoo Correspondent 2025.03.28

KOSPI Plunges 1.9%, Breaching 2600 Level Amid Concerns Over Tariffs and Short Selling: The KOSPI fell sharply by nearly 2% on the 28th, dropping to the 2550 range. This decline was attributed to continued net selling ...; Yim Kwangsoo Correspondent 2025.03.28

Singapore Bolsters Cybersecurity Rules, Raising Bar for Financial Institutions: SINGAPORE – The Monetary Authority of Singapore (MAS), the nation's central bank and financial regulator, has unveiled a ser ...; Eugenio Rodolfo Sanabria Reporter 2025.03.26

World Bank President to Make First Visit to Paraguay in April for Economic Cooperation Talks: ASUNCIÓN, Paraguay – World Bank Group President Ajay Banga is scheduled to make his first official visit to Paraguay ...; ONLINE TEAM 2025.03.26

Unusual Weather Patterns Drive Up Agricultural Prices, Threatening Food Inflation: The recent surge in unusual weather patterns, including heavy snowfall in March, is driving up agricultural prices and raising con ...; Hwang Sujin Reporter 2025.03.25

Paraguay Sees Rise in Economic Freedom Index... Ranks 11th in South America, 59th Worldwide: Paraguay scored 65.2 points in the 2025 Economic Freedom Index (ILE), ranking 59th globally and 11th among 32 South American count ...; KO YONG-CHUL Reporter 2025.03.24

Paraguay Concerned About Increased Public Debt Burden Due to Strong Dollar... "No Immediate Risk": Concerns have been raised that Paraguay's public debt repayment burden is increasing as its currency, the Guarani, weakens against ...; Graciela Maria Reporter 2025.03.24

Australians Cut Back on Impulse Buys at Petrol Stations as Living Costs Bite: SYDNEY - Australian motorists are increasingly forgoing impulse purchases at petrol stations as cost-of-living pressures force a c ...; Eugenio Rodolfo Sanabria Reporter 2025.03.23

OB Beer Announces Beer Price Hike Amidst Rising Costs: SEOUL – OB Beer, South Korea's leading brewer, has announced that it will increase the factory release prices of its major b ...; Desk 2025.03.21

Paraguayan Small Business Owners See Only 10% Legal Compliance Rate: Low Formalization Hinders Economic Growth and Sustainability: ASUNCIÓN, Paraguay – According to a recent announcement by the Paraguayan Ministry of Industry and Commerce (MIC), on ...; Desk 2025.03.21

Easing the Burden on Small Shops: BCP Decides to Gradually Reduce Card Fees: Final Reduction to 3% for Credit Cards and 2% for Debit Cards from July 2026: Asunción, Paraguay - The Central Bank of Paraguay (BCP) has decided to gradually reduce the fees that shops must pay for cr ...; Desk 2025.03.21