Global Economic Times

2025.12.13 (Sat)
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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 exchange rate soaring to levels not seen in seven months. Last week, the cur
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 staggering enterprise value of approximately $82.7 billion ($72 billion in

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 accelerating its transformation into an Artificial Intelligence (AI) po

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South Korea's Corporate Giants Face Market Downturn: Seoul, South Korea – South Korea's largest conglomerates experienced a significant decline in their market capitalization la ...; Global Economic Times Reporter 2025.01.12

South Korea Achieves $1 Trillion Milestone in Overseas Construction Orders: Seoul, South Korea – South Korea's Ministry of Land, Infrastructure and Transport announced on 9th that the country’s ...; Global Economic Times Reporter 2025.01.12

Nepal's Inflation Rises, but Economic Indicators Remain Positive: Kathmandu, Nepal - Consumer price inflation in Nepal has risen to 6.05 percent in mid-December 2024, up from 4.95 percent a year a ...; Eugenio Rodolfo Sanabria Reporter 2025.01.11

Gimhae’s Mega-Events Generate Over 1 Trillion Won in Economic Impact: Gimhae, South Korea – A recent study conducted by the Gimhae Research Institute has revealed that three major events held in ...; Global Economic Times Reporter 2025.01.11

Winter Vegetable Shortages Hit Jeju Island: Jeju, South Korea – A severe shortage of winter vegetables is plaguing Jeju Island, largely due to last year’s extreme ...; Global Economic Times Reporter 2025.01.10

Anyang City to Boost Local Economy with Additional Regional Currency: Anyang, South Korea – Anyang City has announced a plan to inject 500 billion won (approximately US$375 million) into its loc ...; KO YONG-CHUL Reporter 2025.01.10

Government and Ruling Party Collaborate to Stabilize Prices and Boost Consumption for Lunar New Year: Seoul, South Korea – In preparation for the upcoming Lunar New Year holiday, the South Korean government and the ruling part ...; Hwang Sujin Reporter 2025.01.09

Banks Ease Mortgage Restrictions, But Borrowers Face Limitations: Seoul, Korea – Despite recent moves by major banks to loosen mortgage lending restrictions, the actual impact on borrowers r ...; Global Economic Times Reporter 2025.01.08

Savings Banks and Capital Companies Face Tough Year Amidst PF Defaults: Seoul, South Korea – South Korean savings banks and capital companies are expected to face another challenging year in 2025, ...; Desk 2025.01.08

Small Businesses in South Korea Face Growing Challenges Amid Economic Uncertainty: Seoul, South Korea – A recent survey conducted by the Federation of SMEs (Federation of Small and Medium Enterprises) has re ...; ONLINE TEAM 2025.01.08

Busan Launches 'Good Payment' Campaign to Revitalize Local Economy: Busan, South Korea – In a bid to stimulate its struggling local economy, Busan Metropolitan City has initiated a relay pre-p ...; Hwang Sujin Reporter 2025.01.07

Soaring Vegetable Prices Ahead of Lunar New Year in South Korea: Seoul, South Korea – As South Korea prepares for the Lunar New Year, a traditional holiday marked by family gatherings and f ...; Hwang Sujin Reporter 2025.01.05

South Korea’s National Pension Service Faces Backlash Over Foreign Exchange Hedging: Seoul, South Korea - Amid growing concerns over a continued surge in the won-dollar exchange rate, the National Pension Service (N ...; HONG MOON HWA Senior Reporter 2025.01.05

South Korea Faces Economic Storm, Government Warns: Seoul, South Korea – South Korea is bracing for a significant economic slowdown this year, with the government forecasting a ...; Global Economic Times Reporter 2025.01.03

South Koreans Face Growing Anxiety Over Retirement Security: Seoul, South Korea – A recent survey conducted by Money Today and Gallup Korea has revealed deep-seated concerns among South ...; Global Economic Times Reporter 2025.01.02

Construction Industry Drives Economic Growth in Korea: Seoul, South Korea – A new study by the Korea Institute for Industrial Economics and Trade (KIET) has revealed that the cons ...; Global Economic Times Reporter 2025.01.02

Central Bank of Libya Launches Financial Literacy Campaign to Boost "One Pay" Usage: Tripoli, Libya - The Central Bank of Libya (CBL) has embarked on a series of financial awareness programs aimed at educating the p ...; Pedro Espinola Special Correspondent 2025.01.01

Soaring Exchange Rates Exacerbate South Korea's Energy Crisis: Seoul, South Korea – South Korea's energy public corporations are facing a severe crisis due to the sharp rise in the won-do ...; Desk 2025.01.01

Jeonbuk Province Faces Double-Digit Export Decline Amid Global Economic Slowdown: Jeonju, South Korea – Jeonbuk Province has reported a significant 13.4% decrease in exports in November 2024 compared to the ...; Desk 2025.01.01

South Korea Extends Debt Relief Measures for Vulnerable Groups: Seoul, South Korea – The South Korean government has announced an extension of debt relief measures aimed at providing finan ...; Hwang Sujin Reporter 2025.01.01