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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Asahi Beer to Raise Prices in Korea Next Month: SEOUL – Asahi Beer, a popular Japanese beer brand in South Korea, will raise prices by up to 20% starting next month, accord ...; ONLINE TEAM 2025.02.23

This year, it is predicted that South Korea's real GDP growth rate could plummet to 1.0%.: According to the financial sector on the 21st, UK-based Capital Economics (CE) lowered its forecast for South Korea's economic gro ...; ONLINE TEAM 2025.02.21

Portugal Rolls Out New Tax Incentives to Attract Global Talent After NHR Phase-Out: Lisbon, Portugal – Portugal has unveiled a new tax regime aimed at attracting highly skilled professionals and fostering inn ...; Ana Fernanda Reporter 2025.02.19

Japan's Economy Sees Modest Growth in Q4, Flat for 2024: TOKYO – Japan's economy continued its modest recovery in the fourth quarter of 2024, with annualized growth of 2.8% in real ...; Desk 2025.02.17

Hana Bank Launches 'K-League Victory Savings Account' to Celebrate 2025 Season Opening: SEOUL – Hana Bank announced the launch of its new "K-League Victory Savings Account" on February 17 to celebrate the opening ...; KO YONG-CHUL Reporter 2025.02.17

South Korean Self-Employed Workers Face Debt Crisis Amidst High Interest Rates and Economic Slump: SEOUL – South Korea is facing a growing crisis among its self-employed population as rising interest rates and a prolonged e ...; Desk 2025.02.17

Gold Rush in South Korea as Prices Skyrocket Amid Global Uncertainty: South Korea is experiencing an unprecedented surge in gold bar sales this month, with figures already shattering previous records. ...; Desk 2025.02.17

Ulsan Chamber of Commerce and Bank of Korea Ulsan Headquarters to Cooperate for Regional Economic Development: The Ulsan Chamber of Commerce announced on the 16th that it will promote various projects to develop the regional economy in coope ...; Desk 2025.02.16

Solaria Secures Grid Connection for 213 MW Data Center Project in Madrid: Madrid, Spain – Solaria Energía y Medio Ambiente has announced it has received confirmation from Red Eléctrica ...; Graciela Maria Reporter 2025.02.14

US Inflation Rebounds, Rattling Economic Nerves and Posing Challenge for Trump: The US economy is on high alert as the January Consumer Price Index (CPI) rebounded to 3%, the highest level in seven months. This ...; Sharon Yoon Correspondent 2025.02.13

Gold Rush Continues: Investors Flock to Gold Amidst Soaring Prices and Trade War Fears: Seoul – The price of gold has been on a relentless climb, fueling a surge in investment demand. This has led to record-break ...; Desk 2025.02.13

South Korea's Mint Halts Gold Bar Sales Amidst Soaring Demand and Global Trade Tensions: SEOUL – The Korea Minting and Security Printing Corporation (KOMSCO) has announced a temporary suspension of gold bar sales, ...; KO YONG-CHUL Reporter 2025.02.12

IMF Maintains South Korea's Economic Growth Forecast at 2.0% for 2025: The International Monetary Fund (IMF) has maintained its economic growth forecast for South Korea at 2.0% for 2025. In its annual ...; KO YONG-CHUL Reporter 2025.02.08

Bank of Korea's Gold Reserves Ranking Drops Amid Global Gold Rush: The Bank of Korea's (BOK) ranking in global gold reserves has fallen two places in the past year, from 36th to 38th. This comes a ...; KO YONG-CHUL Reporter 2025.02.06

Dollar Plummets in Colombia, Offering Savings for Consumers: Bogota, Colombia - The US dollar has seen a significant drop in value against the Colombian peso in recent months, leading to lowe ...; Graciela Maria Reporter 2025.02.05

Financial Markets Plunge as US Tariff War Begins: Global markets were sent reeling on February 3rd as the US tariff war, initiated by President Trump, began to take effect. The Ko ...; Global Economic Times Reporter 2025.02.04

El Salvador's Workforce Shows Significant Growth in 17 Years: San Salvador, El Salvador – The economically active population (PEA) of El Salvador has seen a substantial increase over the ...; Graciela Maria Reporter 2025.02.02

Central Bank of Libya Takes Steps to Boost Investment and Address Economic Challenges: DERNA, Libya – The Board of Directors of the Central Bank of Libya (CBL) convened its first meeting of 2025 in Derna, chaire ...; Graciela Maria Reporter 2025.02.02

Libya's NOC Aims for Production Boost and Enhanced Transparency: TRIPOLI – Libya's National Oil Corporation (NOC) is prioritizing increased oil production and greater transparency under its ...; Graciela Maria Reporter 2025.02.02

South Korea Boosts Support for Low-Income Households to Purchase Energy-Efficient Appliances: Seoul – The Ministry of Trade, Industry and Energy announced on February 2nd that it will invest 12.5 billion won (approxima ...; Global Economic Times Reporter 2025.02.02