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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Paraguay Sees 24% Surge in Investment in Q1 2025 Driven by Incentive Policies, Positive Impact on Job Creation: Asunción, Paraguay – Paraguay's investment landscape has experienced a significant boost in the first four months of ...; Desk 2025.05.19

Moody's Downgrades US Credit Rating, Reigniting Fiscal Strain Concerns: Moody's Investors Service has lowered the United States' credit rating from its pristine AAA status to Aa1, exacerbating concerns ...; Desk 2025.05.18

Paraguay Records $311.7 Million Trade Deficit Through April Amid Export Decline: Asunción, Paraguay - The Central Bank of Paraguay (BCP) has announced that Paraguay experienced a total trade volume of $10 ...; Graciela Maria Reporter 2025.05.15

Soaring Gas Prices Threaten Paraguay's Humble Eateries, Sparking Inflation Domino Effect Fears: Despite a recent price reduction of 270 guaraníes (approximately 4 US cents) in fuel by Paraguay's state-owned oil company ...; Yim Kwangsoo Correspondent 2025.05.13

Paraguay's Fuel Price Cut Sparks Warning from Distributors over Sustainability: Asunción, Paraguay - Paraguayan fuel distributors have voiced concerns that the government's recent announcement of a reduc ...; Eugenio Rodolfo Sanabria Reporter 2025.05.13

Singapore Sees Gold Investment Frenzy as Economic Uncertainty Fuels Safe-Haven Demand: Amidst a recent surge in international gold prices, Singapore has witnessed a remarkable increase in the sales of gold bars and co ...; KO YONG-CHUL Reporter 2025.05.13

Bank of Korea Calls for Oversight in Potential Won-Pegged Stablecoin Issuance Amid Global Developments: Seoul, South Korea – The Bank of Korea (BOK) is advocating for a proactive role in the authorization process should stableco ...; Ana Fernanda Reporter 2025.05.12

Alarm Bells Ring for South Korea's Economic Future as OECD Predicts Sub-2% Potential Growth: Seoul, South Korea – A chorus of warnings is sounding over the trajectory of the South Korean economy, with the Organization ...; Desk 2025.05.12

Nvidia's Market Value Plunges by $270 Billion in Two Days as US Tightens AI Chip Export Controls to China: New York – Shares of Nvidia (NVDA) have experienced a dramatic two-day sell-off, erasing a staggering $270 billion from its ...; Eugenio Rodolfo Sanabria Reporter 2025.05.12

Won-Dollar Exchange Rate Swings Below 1,400 Amid US-China Trade Optimism and Shifting Monetary Policies: Seoul, South Korea – The Korean won (KRW) experienced a volatile trading day on Tuesday, breaching the 1,400 mark against th ...; Desk 2025.05.12

Navigating the Golden Question: Understanding Taxation on Gold and Other Assets in South Korea: The fundamental principle of taxation, often summarized as "where there is income, there is tax," carries an intuitive weight. Yet ...; Yim Kwangsoo Correspondent 2025.05.12

The Silent Debt Trap: How Revolving Credit Can Secretly Triple Your Bills: Seoul, South Korea – In an era where financial prudence is increasingly vital, a seemingly innocuous financial tool lurking ...; ONLINE TEAM 2025.05.12

The Sub-Won Strategy: South Korean Retailers Embrace Ultra-Low Prices as Consumer Sensitivity Peaks: Seoul, South Korea – In a stark departure from the long-held emphasis on "value for money," South Korean retailers, spanning ...; KO YONG-CHUL Reporter 2025.05.12

US Stock Market Faces Uphill Battle for Swift Recovery, Experts Warn at Seoul Money Show: Leading investment strategists and market analysts convened at the 2025 Seoul Money Show this past weekend, offering a cautious ou ...; Ana Fernanda Reporter 2025.05.12

Weak Philippine Q1 GDP Growth Fuels Expectations for Interest Rate Cut: The Philippine economy recorded a lower-than-expected annual growth rate of 5.4% in the first quarter of this year, increasing the ...; Kim Sungmoon Reporter 2025.05.09

Philippines Aims for $2 Trillion Economy by 2050, Focuses on Attracting Private Investment: The Philippine government has set a target of reaching a $2 trillion economic scale by 2050, building on its strong economic growt ...; Kim Sungmoon Reporter 2025.05.09

Surging New Taiwan Dollar: Reflecting Potential Outcomes of US-Taiwan Trade Negotiations?: On May 2nd, the New Taiwan Dollar (NTD) surged 3.3% against the US dollar, marking its largest single-day gain in 23 years. For Ta ...; KO YONG-CHUL Reporter 2025.05.09

Chinese and Hong Kong Equities Surge Towards One-Month Peak on Beijing's Proactive Stimulus and Easing Trade Concerns: Beijing and Hong Kong – Buoyed by a decisive move from Beijing to inject stimulus into its slowing economy, mainland Chinese ...; Graciela Maria Reporter 2025.05.08

Vietnam Eyes Overhaul of Property Transfer Tax System to Combat Evasion and Boost Revenue: Hanoi, Vietnam – The Vietnamese government is actively pursuing a significant reform of its property transfer tax system, pr ...; Ana Fernanda Reporter 2025.05.07

Samsung Securities Cultivates Future Investors with Minor Account Opening Promotion: In a move to encourage early financial literacy and long-term wealth building, Samsung Securities has launched a special "Seed of ...; Desk 2025.05.07