Global Economic Times

2026.09.26 (Sat)
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Soraepogu Support Center Opens Wide… Park Chan-dae: “Expectations for Fish Market Revitalization”

Ahead of the Chuseok holiday, citizens continued to visit to purchase seafood. Merchants were busy explaining seafood prices and conditions to customers. On this day, the opening ceremony of the &lsq
OECD Raises Korea's Growth Outlook to 3.7%

The Organisation for Economic Co-operation and Development's (OECD) outlook on the South Korean economy has changed significantly in just three months. The OECD projected South Korea's economi

"U.S. Pushes for Institutionalizing Virtual Assets, While South Korea Treats Them Like Entertainment and Casinos"

It has been found that the South Korean government still classifies "blockchain-based virtual asset trading and brokerage" as an industry excluded from being recognized as a corporate-affi

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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

Non-Banking Lenders See Surge in Household Loans Amid Overall Slowdown: Seoul – While household lending across South Korea’s financial sector has continued its upward trajectory for the eigh ...; KO YONG-CHUL Reporter 2024.12.12

Won-Dollar Exchange Rate Soars Amid Political Uncertainty, Raising Concerns Over Foreign Exchange Reserves: Seoul – The South Korean won has weakened significantly against the U.S. dollar following the declaration of martial law on ...; KO YONG-CHUL Reporter 2024.12.12