Global Economic Times

2026.08.12 (Wed)
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U.S. July Payrolls Unexpectedly Drop, Reigniting Concerns Over Labor Market Cooling

WASHINGTON — U.S. nonfarm payrolls unexpectedly contracted in July, breaking expectations of modest growth and stirring fresh debate over the trajectory of the American economy and future Federa
SK Hynix Declares Q2 Dividend of 375 Won Per Share, Signals Enhanced Shareholder Returns in Q3

SEOUL — SK Hynix Inc., the world’s second-largest memory chipmaker, announced on Friday that its board of directors has approved a quarterly cash dividend of 375 Korean won ($0.27) per com

South Korean Retail Investors Pivot Back to Tech Giants: Amazon and Micron Lead Massive Buying Spree

SEOUL — South Korean retail investors—affectionately referred to in financial markets as "Seohak Ants" for their diligent and aggressive buying of foreign equities—have e

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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

Bank of Korea Vows to Stabilize Markets Amidst Rising Volatility: Seoul, South Korea – The Bank of Korea (BOK) has pledged to take swift action to stabilize domestic financial and foreign ex ...; KO YONG-CHUL Reporter 2024.12.19

Foreign Investors Dump Korean Stocks Amidst Political Uncertainty: Seoul, South Korea – The South Korean stock market experienced a significant downturn on Friday, with the KOSPI index plungi ...; KO YONG-CHUL Reporter 2024.12.18

Early Withdrawals from Retirement Funds Soar Amid Housing Market Crunch: Seoul, South Korea – Early withdrawals from retirement funds surged to a four-year high in 2023, primarily driven by individ ...; ONLINE TEAM 2024.12.17

Soaring Food Prices Hit Koreans Hard: Seoul, South Korea – The cost of eating out in South Korea has reached a new high, with prices of popular dishes rising by a ...; Hwang Sujin Reporter 2024.12.16

TSMC's Dominance to Continue: 25% Revenue Growth Forecast for 2024: Taiwan Semiconductor Manufacturing Company (TSMC) is poised to further solidify its position as the world's leading semiconductor ...; Graciela Maria Reporter 2024.12.15

Hungary's Tax Reforms Drive Economic Growth and Digital Innovation: Budapest, Hungary – Finance Minister Mihály Varga recently highlighted Hungary's significant strides in establishing ...; KO YONG-CHUL Reporter 2024.12.14

Kendari Tourism Office Hopes Photo Exhibition Sparks Creative Economy: Kendari, Indonesia – The Kendari City Tourism and Creative Economy Agency (Disparekraf) is optimistic that the recent Celebe ...; Desk 2024.12.13

Egypt Embraces Digital Future: Apple Pay and Tokenization Revolutionize Payments: Cairo, Egypt – A significant stride towards a cashless society has been taken in Egypt with the launch of Apple Pay and the ...; Global Economic Times Reporter 2024.12.13

South Korea's Import Prices Rise Despite Falling Oil Prices: Seoul, South Korea – Despite a decline in international oil prices last month, South Korea's import prices rose 1.1% in Nove ...; Hwang Sujin Reporter 2024.12.13