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 Tightens Rules on Year-End Tax Settlements: Seoul, South Korea – South Korea's National Tax Service (NTS) has announced a significant overhaul of its year-end tax settl ...; Desk 2024.12.05

Consumer Prices Rise as Food Costs Soar, Despite Falling Oil Prices: Seoul, South Korea – South Korea's consumer prices continued to climb in November, marking the third consecutive month of in ...; ONLINE TEAM 2024.12.04

New York Stocks Close Mixed Amid South Korean Political Turmoil: New York, NY – Major U.S. stock indices closed mixed on Wednesday as investors grappled with the fallout from South Korean P ...; Global Economic Times Reporter 2024.12.04

Hungary to Resume Large-Scale Infrastructure Investments in 2025: Budapest, Hungary – The Hungarian government has announced plans to reinvigorate its infrastructure investment program in 20 ...; Ana Fernanda Reporter 2024.12.03

Daejeon Launches First Public Investment Firm to Boost Startup Ecosystem: Daejeon, South Korea – Daejeon City has successfully registered Daejeon Investment Finance Co., Ltd. as a new technology-bas ...; HONG MUN HWA Senior Reporter 2024.12.02

Orion Confronts Backlash Over Selective Price Hikes: Seoul, South Korea – Orion, a leading South Korean confectionery company, is facing mounting criticism for its recent decisi ...; Global Economic Times Reporter 2024.12.02

South Korean Firms Brace for Tough Times, Half to Cut Costs in 2025: Seoul, South Korea – A recent survey conducted by the Korea Employers Federation (KEF) has revealed that nearly half of Sout ...; Hwang Sujin Reporter 2024.12.02

Singapore Government to Provide Cash Assistance and Medisave Bonuses: Singapore – The Singapore government has announced a comprehensive assistance package to alleviate the cost of living and su ...; Ana Fernanda Reporter 2024.12.01

Foreigners Own Nearly 100,000 Homes in South Korea: Seoul, South Korea – The Ministry of Land, Infrastructure and Transport released a report on November 29th, revealing that f ...; ONLINE TEAM 2024.11.30

South Korea Sees Rise in Household Income and Savings in Q3: Seoul, South Korea – South Korea's households experienced a boost in both income and savings in the third quarter of 2024, a ...; ONLINE TEAM 2024.11.29

Kbank to Temporarily Suspend Services for System Upgrade: Kbank, a leading digital bank in South Korea, announced on [date] that it will temporarily suspend its services from 0:00 AM to 8: ...; Hwang Sujin Reporter 2024.11.29

EDB Advances Key Projects in Central Asia: Investments, Water Management, and Energy Transition: Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB) and a member of Kazakhstan's Foreign Inv ...; Ana Fernanda Reporter 2024.11.29

Yomiuri Shinbun to Launch New Stock Index, Yomiuri 333: Tokyo, Japan – The Yomiuri Shinbun, a major Japanese newspaper, announced plans to launch a new stock index called "Yomiuri ...; ONLINE TEAM 2024.11.28

Taiwan's Economy Shows Signs of Slowdown Despite AI Boom: Taipei, Taiwan – Taiwan’s National Development Council (NDC) has reported that the country’s economic monitoring ...; Hwang Sujin Reporter 2024.11.28

Ringgit Strengthens Against US Dollar Amidst Fed Rate Hike Uncertainty: The Malaysian ringgit has strengthened against the US dollar, buoyed by a more dovish-than-expected Federal Reserve meeting minute ...; Global Economic Times Reporter 2024.11.28

Philippines Records Budget Surplus in October, Cuts Annual Deficit: Manila, Philippines – The Philippine government has reported a budget surplus of 6.3 billion pesos in October, a significant ...; Global Economic Times Reporter 2024.11.28

Euro Nears Parity with Dollar as US Economy Outperforms: Seoul, South Korea – The US dollar continues to strengthen against the euro, with the possibility of the two currencies reac ...; Global Economic Times Reporter 2024.11.27

South Korea's Rising Delinquency Rates Signal Economic Strain: Seoul, South Korea – South Korea's credit card and savings bank delinquency rates have surged in the third quarter, indicati ...; KO YONG-CHUL Reporter 2024.11.27

South Korea's Cryptocurrency Tax Debate Heats Up: Seoul, South Korea – South Korea's National Assembly is embroiled in a heated debate over the taxation of cryptocurrency gai ...; Hwang Sujin Reporter 2024.11.27

Dollar Deposits Fluctuate as South Korean Won Weakens: Seoul, South Korea – The fluctuation of the South Korean won against the US dollar has led to increased volatility in dollar ...; Desk 2024.11.27