Global Economic Times

2026.05.08 (Fri)
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South Korea’s KOSPI Surges to 7th in Global Market Cap, Overtaking Canada and UK

SEOUL — In a historic shift for global equity markets, the South Korean stock market has ascended to the rank of the world’s seventh-largest by market capitalization. This milestone comes
Gmarket’s Cinematic Ad Campaign Goes Viral, Sparking High Anticipation for ‘Big Smile Day’

SEOUL, South Korea – Gmarket, one of South Korea’s leading e-commerce platforms, is witnessing a massive pre-event surge in consumer interest. The company’s latest star-studded adver

Chinese Automakers Pivot to Global Markets as Domestic Demand Falters and Oil Prices Soar

As high international oil prices reshape global consumer behavior, Chinese automakers are aggressively accelerating their overseas expansion to offset a cooling domestic market. Major players includin

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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