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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South Korea's Parliament Approves 13.8 Trillion Won Supplementary Budget Amid Political Wrangling: Seoul, South Korea - The South Korean National Assembly has passed a 13.8 trillion won (approximately $10.1 billion USD) supplemen ...; Desk 2025.05.01

Hyundai Drives into North American Logistics with New Hydrogen Truck and Charging Infrastructure: ANAHEIM, CA – Hyundai Motor Company is making a significant push into the burgeoning North American zero-emission commercial ...; Desk 2025.04.30

Trace Cesium Halts Japanese Nut Import to South Korea: SEOUL, South Korea – Import procedures for processed peanuts and nuts from Japan have been halted after minute traces of rad ...; Desk 2025.04.28

IMF Downgrades South Korea's Path to $40,000 Per Capita GDP, Citing Global Uncertainties: SEOUL - South Korea's ascent to a $40,000 per capita GDP milestone is expected to take longer than previously anticipated, accordi ...; KO YONG-CHUL Reporter 2025.04.28

South Korean Self-Employed Face Mounting Debt Amid Economic Slump: SEOUL - South Korea's self-employed sector is facing a growing financial strain, with debt levels soaring to over three times thei ...; Desk 2025.04.28

Itaipu 'Slept' Through Real Depreciation, Resulting in ₩200 Billion Loss?: Economist Gladys Benegas Points to Poor Financial Management Overlooking Exchange Rate Risk: A controversy is brewing over claims that Itaipu Binacional (hereinafter referred to as Itaipu), a joint hydroelectric power plant ...; Desk 2025.04.28

Taiwan's Export Growth Projected to Remain Robust Amidst Trade Dynamics: The Taiwan-based think tank, the Chung-Hua Institution for Economic Research (CIER), has released a projection indicating that Tai ...; Ana Fernanda Reporter 2025.04.27

South Korea and U.S. Launch Full-Scale Trade Talks Amidst High-Stakes Tariff Dispute: Washington D.C. – South Korea and the United States have officially commenced comprehensive trade negotiations following a p ...; Desk 2025.04.27

Credit Rating Agency Warns of Challenges for Paraguay's Banking System: ASUNCIÓN, Paraguay – International credit rating agency Fix SCR recently issued a report warning that Paraguay's bank ...; Eugenio Rodolfo Sanabria Reporter 2025.04.25

Paraguay's Central Bank Holds Key Interest Rate at 6.00% for 13th Consecutive Month: ASUNCIÓN – The Central Bank of Paraguay (BCP) announced yesterday, following a meeting of its Monetary Policy Committ ...; Desk 2025.04.25

South Korea's Economic Growth Stalls, Raising Concerns Over Finance Minister's Leadership: Seoul – South Korea's economic growth has hit a snag, with the first quarter's real gross domestic product (GDP) contracting ...; Hwang Sujin Reporter 2025.04.24

South Korea to Implement Tax Deduction for Gym and Pool Memberships to Boost Fitness Participation: In a move to alleviate the financial burden of physical activity and encourage greater public participation in sports, the South K ...; Desk 2025.04.24

Egypt's Central Bank Implements First Interest Rate Cut in Five Years Amid Inflation Concerns: Cairo, Egypt - In a significant shift of monetary policy, the Central Bank of Egypt (CBE) unexpectedly slashed its benchmark inter ...; Eugenio Rodolfo Sanabria Reporter 2025.04.24

IMF Sounds Alarm for Argentina: Global Economic Slowdown Looming Amidst US Tariff Hikes: Washington D.C. - The International Monetary Fund (IMF) has issued a stark warning regarding a significant deceleration in global ...; Greace Nunez Correspondent 2025.04.22

Paraguay's Multidimensional Poverty Shows Slow Improvement Despite Economic Growth: Recently, the Economic Commission for Latin America and the Caribbean (CEPAL) released a report on multidimensional poverty in the ...; Pedro Espinola Special Correspondent 2025.04.22

Encarnación Gears Up for 2025 World Rally with Tailored Financial Support for SMEs: ENCARNACIÓN, Paraguay – In anticipation of the prestigious 2025 World Rally Championship event set to take place in E ...; Greace Nunez Correspondent 2025.04.21

Surging Menu Prices at Major South Korean Food Chains Spark Consumer Outcry Amid Record Profits: A growing wave of price hikes across major South Korean food and beverage franchises, including coffee shops, burger joints, and f ...; Desk 2025.04.20

South Korean Fuel Prices Continue Downward Trend for Tenth Consecutive Week Amidst International Oil Market Fluctuations: For the tenth consecutive week, the average prices of gasoline and diesel at South Korean gas stations have simultaneously decline ...; Ana Fernanda Reporter 2025.04.20

Paraguay's Central Bank Raises 2025 GDP Growth Forecast Amidst Solid Growth: The Central Bank of Paraguay (BCP) announced that it has revised its 2025 gross domestic product (GDP) growth forecast upwards fro ...; Desk 2025.04.17

Won's Weak Rebound Amid Dollar's Slide Signals Deeper Economic Woes Stemming from Trade Tensions: While the U.S. dollar has experienced a significant depreciation of nearly 10% against a cohort of major global currencies, the So ...; Hwang Sujin Reporter 2025.04.16