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2026.11.11 (Wed)
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US "Blue Wave" Fades as KOSPI Recovers Past 5,200: Inflation Remains the Key Variable for Future Rallies

Following a volatile period triggered by the U.S. midterm elections, South Korea's benchmark KOSPI has staged a dramatic rebound, soaring past the 5,200 threshold fueled by a powerful rally among
South Korean Doctors' Average Annual Business Income Tops 400 Million Won in Latest Tax Data

SEOUL — South Korea’s medical professionals, particularly physicians, have seen their average business earnings climb significantly, though the data also points to a widening gap between h

The Generational Wealth Divide: Why Young South Koreans Are Resentful Over the Basic Pension System

SEOUL — In an era defined by economic uncertainty and mounting living costs, a growing policy debate is intensifying across South Korea. At the heart of the friction is a stark contrast: young p

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South Koreans Face Growing Anxiety Over Retirement Security: Seoul, South Korea – A recent survey conducted by Money Today and Gallup Korea has revealed deep-seated concerns among South ...; Global Economic Times Reporter 2025.01.02

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