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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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

Lotte Chemical Struggles Amidst Falling Share Prices and Mounting Financial Concerns: Seoul, South Korea – Lotte Chemical's stock price has been plummeting due to a combination of a downturn in the petrochemica ...; KO YONG-CHUL Reporter 2024.11.27

Financial Supervisory Service Upholds Auto Lease Companies' Right to Charge Depreciation Fees: Seoul, South Korea – The Financial Supervisory Service (FSS) has ruled that it is legitimate for auto lease companies to cha ...; Hwang Sujin Reporter 2024.11.27

Paraguay's Economic Growth Masks Deep-Rooted Poverty: Asunción, Paraguay – Despite experiencing robust economic growth in recent years, Paraguay continues to grapple with ...; KO YONG-CHUL Reporter 2024.11.26

South Korea's Credit Card and Savings Bank Delinquency Rates Rise Amid Economic Strains: Seoul, South Korea – South Korea is grappling with a rising tide of household debt as the delinquency rates of credit cards ...; Desk 2024.11.25

Euro Plunges Amidst Strong Dollar and Economic Uncertainties: The euro has hit its lowest level against the dollar in nearly two years, as concerns over a potential global recession and the im ...; Graciela Maria Reporter 2024.11.25

Samsung Electronics Buys Back $7.17 Billion in Shares Amid Shareholder Pressure: Seoul, South Korea – Samsung Electronics has announced a $7.17 billion share buyback program, aiming to boost its sagging st ...; Desk 2024.11.25

A Massive Logistics Facility with a Next-Generation Drone Technology R&D Center Opens in Itabashi-ku, Tokyo: A grand opening ceremony was held on October 2nd for a massive logistics facility equipped with a next-generation drone technology ...; Ana Fernanda Reporter 2024.11.25

Bolivia Opens Up Its Fuel Market to Private Competition: La Paz, Bolivia – In a significant move to liberalize its energy sector, the Bolivian government has finalized a decision to ...; Ana Fernanda Reporter 2024.11.23

South Korea's Overseas Assets Hit Record High as 'Retail Investors' Fuel Overseas Investments: Seoul, South Korea – South Korea's net foreign assets have surpassed $900 billion for the first time, marking a historic hig ...; Desk 2024.11.20

AliExpress and Temu Face Backlash Over Unsafe Products: Seoul, South Korea – A recent crackdown by South Korean authorities has revealed a significant number of unsafe products bei ...; Hwang Sujin Reporter 2024.11.20

FBM KLCI Opens Higher on Wall Street Cues, Optimism Over China's Support for Hong Kong: The FTSE Bursa Malaysia KLCI (FBM KLCI) opened 2.57 points higher at 1,604.91, slightly up from the previous day's close of 1,602. ...; KO YONG-CHUL Reporter 2024.11.20

Paraguay Government Faces Backlash Over Abandoned Administrative Building: Asunción, Paraguay - The Paraguayan government is facing mounting criticism for its mismanagement of a large administrative ...; Graciela Maria Reporter 2024.11.19

South Korea's E-commerce Giants Engage in Fierce Speed Delivery War: Seoul, South Korea – The race for faster delivery speeds in South Korea has intensified as major e-commerce players and reta ...; ONLINE TEAM 2024.11.17

South Korean Food Delivery Apps Reach Partial Agreement on Fee Cuts: Seoul, South Korea – After months of negotiations, South Korea's major food delivery platforms, Baemin and Coupang Eats, hav ...; Hwang Sujin Reporter 2024.11.15

Samsung Electronics Plunges to New Lows Amidst Growing Concerns: Seoul, South Korea – Samsung Electronics, South Korea's tech giant, has seen its stock price plummet to a new 52-week low, f ...; KO YONG-CHUL Reporter 2024.11.15