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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Construction Industry Drives Economic Growth in Korea: Seoul, South Korea – A new study by the Korea Institute for Industrial Economics and Trade (KIET) has revealed that the cons ...; Global Economic Times Reporter 2025.01.02

Central Bank of Libya Launches Financial Literacy Campaign to Boost "One Pay" Usage: Tripoli, Libya - The Central Bank of Libya (CBL) has embarked on a series of financial awareness programs aimed at educating the p ...; Pedro Espinola Special Correspondent 2025.01.01

Soaring Exchange Rates Exacerbate South Korea's Energy Crisis: Seoul, South Korea – South Korea's energy public corporations are facing a severe crisis due to the sharp rise in the won-do ...; Desk 2025.01.01

Jeonbuk Province Faces Double-Digit Export Decline Amid Global Economic Slowdown: Jeonju, South Korea – Jeonbuk Province has reported a significant 13.4% decrease in exports in November 2024 compared to the ...; Desk 2025.01.01

South Korea Extends Debt Relief Measures for Vulnerable Groups: Seoul, South Korea – The South Korean government has announced an extension of debt relief measures aimed at providing finan ...; Hwang Sujin Reporter 2025.01.01

Gangnam District, Seoul, Unveils 2025 Budget Focused on Sustainable Growth: Gangnam District, Seoul, South Korea – The Gangnam District has approved a budget of 1.3737 trillion won (approximately US$1 ...; Global Economic Times Reporter 2024.12.31

South Korea's Inflation Reaches a Four-Year Low, But Food Prices Soar: Seoul, South Korea – South Korea's consumer price index (CPI) rose 2.3% in 2024, marking the lowest annual increase since 20 ...; KO YONG-CHUL Reporter 2024.12.31

Seoul Studio Apartment Rents and Deposits Dip Slightly in November: Seoul, South Korea – The average monthly rent and security deposit for studio apartments in Seoul experienced a modest decli ...; Global Economic Times Reporter 2024.12.30

South Korea's Big Five Banks Slash Deposit Rates Amid Central Bank Easing: Seoul, South Korea – [Date] – South Korea's five largest commercial banks have collectively announced reductions in th ...; Desk 2024.12.30

Soaring Dollar Deals Blow to South Korea's SMEs: Seoul, South Korea – South Korea's small and medium-sized enterprises (SMEs) are facing a crisis as the won weakens against ...; Hwang Sujin Reporter 2024.12.30

South Korean Won Slides to 15-Year Low as Political Uncertainty Deepens: Seoul, South Korea – The South Korean won has plunged to its lowest level in 15 years and nine months, with experts warning ...; Hwang Sujin Reporter 2024.12.30

Soaring Fuel Prices in South Korea Despite Stable International Oil Prices: Seoul, South Korea – South Korean drivers are facing a continued increase in fuel prices, with both gasoline and diesel pric ...; Global Economic Times Reporter 2024.12.29

Jeju Economic Awards Honors Top Businesses: Jeju City, South Korea – The prestigious Jeju Economic Awards ceremony was held on the 26th at the Jeju Chamber of Commerce ...; Desk 2024.12.28

Philippine Inflation Expected to Remain Low in December: MANILA – Headline inflation in the Philippines is projected to remain subdued at around 2.6 percent in December, staying com ...; Graciela Maria Reporter 2024.12.26

Soaring Dollar and Natural Gas Prices Fuel Inflation Fears in South Korea: Seoul, South Korea – South Korea is grappling with rising inflation as the won has plummeted to a 15-year low against the US ...; Hwang Sujin Reporter 2024.12.26

Egg Prices Soar in South Korea, Government Prepares Subsidies: Seoul, South Korea – Egg prices in South Korea are set to hit a three-year high, surpassing 7,000 won per 30-egg carton, as ...; Hwang Sujin Reporter 2024.12.26

Bank of Korea Signals Further Interest Rate Cuts Amid Economic Uncertainty: Seoul, South Korea – The Bank of Korea (BOK) has indicated its intention to further lower the benchmark interest rate next y ...; Global Economic Times Reporter 2024.12.26

Peruvian Economy Minister Hints at Minimum Wage Hike Before New Year: Lima, Peru – Peru's Minister of Economy and Finance, José Arista, indicated on Monday that a minimum wage increase is ...; Graciela Maria Reporter 2024.12.24

South Korea's Wealth Gap Widens as Ultra-High-Net-Worth Individuals Surge: Seoul, South Korea – South Korea's wealth gap continues to widen, as a growing number of ultra-high-net-worth individuals (U ...; Desk 2024.12.22

Peru's Central Bank Raises 2024 Growth Forecast: Lima, Peru – The Central Reserve Bank of Peru (BCRP) has raised its economic growth forecast for 2024 from 3.1% to 3.2%. "T ...; Desk 2024.12.22