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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Panama Weighs Post-Dollarization Future Amidst US Tensions: Panama's long-standing economic cornerstone, its dollarized monetary system, is facing renewed scrutiny amidst rising global econo ...; Graciela Maria Reporter 2025.02.02

Wage Growth Lags Behind Soaring Inflation, Widening Income Disparity in South Korea: SEOUL – South Korea's workers are facing a growing income squeeze as wage growth has slowed for the second consecutive year ...; Hwang Sujin Reporter 2025.01.31

Soaring Food Prices Drive Inflation in South Korea: Seoul – A recent report by Statistics Korea has revealed that a staggering nine out of the top ten items that experienced th ...; Global Economic Times Reporter 2025.01.31

Surge in One-Person Media Creators, Top Earners Rake in Billions: The number of one-person media creators, such as YouTubers, has surged nearly 20-fold in the past five years, raising concerns abo ...; Hwang Sujin Reporter 2025.01.31

Financial Instability Index Soars Amid Political Uncertainty: The Financial Instability Index (FSI) in South Korea surged to its highest point in a year last December, approaching levels seen ...; Desk 2025.01.31

S. Korean Government Rethinking Levy Abolition Spree Amidst Revenue Shortfalls: SEOUL – The Yoon Suk-yeol government's push to eliminate various levies, including those on movie tickets and development pr ...; ONLINE TEAM 2025.01.31

Argentina and IMF Nearing Deal, Wall Street Optimistic: Buenos Aires, Argentina – Wall Street is growing increasingly optimistic about a potential deal between Argentina and the In ...; Eugenio Rodolfo Sanabria Reporter 2025.01.30

Seoul Subway Fares to Increase by 150 Won in March: Seoul, South Korea – Seoul’s subway fares are set to increase by 150 won in March, as the city grapples with the growi ...; KO YONG-CHUL Reporter 2025.01.30

South Korean Food and Franchise Industry Revamps to Stimulate Stagnant Domestic Market: Seoul, South Korea – As South Korea's domestic market continues to face challenges, the food and franchise industry is takin ...; ONLINE TEAM 2025.01.30

South Korea's Economy Stumbles Amid Political Turmoil and High Interest Rates: Seoul, South Korea – South Korea's economy has faced a significant setback, with growth falling short of expectations due to ...; KO YONG-CHUL Reporter 2025.01.29

Japan's Consumer Sentiment Sours Amid Rising Prices: Tokyo, Japan – Japanese consumer sentiment took a hit in January, according to a government survey released on [date]. The C ...; Global Economic Times Reporter 2025.01.29

Daejeon City Takes Action to Stabilize Prices and Boost Traditional Markets: Daejeon, South Korea – In a proactive move to stabilize prices and revitalize traditional markets ahead of the Lunar New Yea ...; HONG MOON HWA Senior Reporter 2025.01.27

South Korean Companies Offer Mixed Performance Bonuses Amidst Industry Fluctuations: Seoul, South Korea – As the highly anticipated annual performance bonus season arrives in South Korea, employees of various ...; Global Economic Times Reporter 2025.01.26

South Korea's National Pension System Faces Sustainability Concerns as Younger Generations Face Lower Retirement Benefits: Seoul, South Korea – A recent government projection reveals a bleak outlook for South Koreans born in the mid-1990s, who are ...; ONLINE TEAM 2025.01.26

South Korea Unveils Measures to Revitalize Stagnant Construction Industry: Seoul, South Korea – The South Korean Ministry of Land, Infrastructure and Transport (MOLIT) announced a comprehensive plan ...; Global Economic Times Reporter 2025.01.26

IMF Chief Warns of Lingering Inflation Despite Economic Growth: Davos, Switzerland – Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has cautioned tha ...; Yim Kwangsoo Correspondent 2025.01.25

Peruvians with Higher Incomes Can Now Deduct More from Taxes: Lima, Peru – In a move to stimulate the economy and provide tax relief for individuals, the Peruvian tax authority, SUNAT, h ...; Pedro Espinola Special Correspondent 2025.01.22

LH to Fast-Track Public Housing Projects Amidst Economic Downturn: Seoul, South Korea – Despite facing a turbulent political climate and a deepening economic recession, Korea Land and Housing ...; Desk 2025.01.20

Jeonju International Film Festival to Boost Local Economy and Small Businesses: Jeonju, South Korea – The Jeonju International Film Festival is set to play a more active role in revitalizing the local eco ...; Hwang Sujin Reporter 2025.01.16

Bank of Korea Holds Rates Amidst Political Turmoil and Economic Uncertainty: Seoul, South Korea – The Bank of Korea (BOK) has decided to keep its benchmark interest rate unchanged at 3.00%, citing conc ...; Global Economic Times Reporter 2025.01.16