Global Economic Times

2025.12.16 (Tue)
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South Korean Small Businesses Hit Hard by Economic Slump and Emergency Measures: Seoul - A recent report by Korea Credit Data reveals that small business owners in South Korea, particularly those operating cafes ...; Yim Kwangsoo 2025.02.17

Korea to Expand District Heating Supply and Transition to Clean Energy Sources by 2028: Seoul, South Korea – The Ministry of Trade, Industry and Energy (MOTIE) announced plans to significantly expand the district ...; Hee Chan Kim 2025.02.17

South Korea's Manufacturing, Construction Jobs Plummet Amid Economic Slump: Seoul - South Korea's job market is showing signs of strain as the number of employees in key industries such as manufacturing and ...; Desk 2025.02.17

South Korea's Job Market Freezes Over, Leaving Youth in Despair: South Korea's job market is rapidly deteriorating, with young people bearing the brunt of the downturn. Recent data reveals alarmi ...; Desk 2025.02.17

E-Mart Traders Magok Branch Opens with Record-Breaking Sales: Magok, Seoul – E-Mart's warehouse-style discount store, Traders, opened its new Magok branch on February 14th, 2025, to much ...; Hwang Sujin 2025.02.17

Gyeonggi Province's 'Climate Action Opportunity Income' Program Exceeds 1 Million Subscribers: Gyeonggi Province, South Korea – The "Climate Action Opportunity Income" program, launched by Gyeonggi Province in July 2023 ...; Min Gyu Mi 2025.02.17

Porsche Expands its Presence in South Korea with New Service Center and Ambitious Plans: Seoul, South Korea – Porsche, the renowned German sports car manufacturer, has reinforced its commitment to the South Korean ...; KO YONG-CHUL 2025.02.17

South Korea Launches Comprehensive Battery Management System for Electric Vehicles: Seoul, South Korea – This month, South Korea introduced a comprehensive "Battery Lifecycle Management System" for electric v ...; Yim Kwangsoo 2025.02.17

Korean Convenience Store Giants Face Profitability Crisis Amidst Expansion Race: SEOUL – South Korea's convenience store industry is facing a reckoning after years of aggressive expansion. The sector enjoy ...; Desk 2025.02.17

Newborn Special Loan Favors High-Income Households, Missing Policy Goals: A loan program designed to combat low birth rates by offering preferential terms to families with newborns is being disproportiona ...; Global Economic Times 2025.02.17

South Korean Small Businesses Struggle with Debt Amidst Economic Downturn: Seoul - A recent report by Korea Credit Data reveals that approximately 1 in 10 small businesses in South Korea that had taken out ...; Hwang Sujin 2025.02.17

Fermented Skate to be Designated as Traditional Seafood, Paving the Way for Global Market Entry: Korean Traditional Food Set for International Expansion with Government SupportBucheon, South Korea – The Korean traditional ...; Yim Kwangsoo 2025.02.17

Financial Watchdog Urges Consumers to Understand the Fine Print of Mobile Phone Insurance: SEOUL – The Financial Supervisory Service (FSS) has issued an advisory to consumers, emphasizing the importance of fully und ...; Hwang Sujin 2025.02.17

Apartments Dominate South Korea's Housing Market, Reaching Record High in 2023: Apartments accounted for 77% of all housing transactions in South Korea last year, the highest proportion ever recorded. This indi ...; Desk 2025.02.17

Big Tech Companies Join the Humanoid Robot Race, Expanding the Market: The humanoid robot market, considered a next-generation artificial intelligence (AI) trend, is growing as big tech companies join ...; KO YONG-CHUL 2025.02.17

South Korean Self-Employed Workers Face Debt Crisis Amidst High Interest Rates and Economic Slump: SEOUL – South Korea is facing a growing crisis among its self-employed population as rising interest rates and a prolonged e ...; Desk 2025.02.17

Seoul Apartment Prices Dip Below ₩40 Million per 3.3㎡ for First Time in Five Months: SEOUL – Seoul's once-booming apartment market is showing signs of cooling, with average prices dipping below ₩40 million per ...; Min Gyu Mi 2025.02.17

Persona AI Spotlighted Amidst 'Deepseek Shock' from China: Persona AI, a South Korean AI company, is gaining attention amidst the 'Deepseek Shock' originating from China. The company has wo ...; ONLINE TEAM 2025.02.17

Gold Rush in South Korea as Prices Skyrocket Amid Global Uncertainty: South Korea is experiencing an unprecedented surge in gold bar sales this month, with figures already shattering previous records. ...; Desk 2025.02.17

U.S. LNG Imports Emerge as Key Bargaining Chip Amidst Trump's Trade Pressure: As U.S. President Donald Trump's trade pressure intensifies, importing U.S. liquefied natural gas (LNG) has emerged as a key barga ...; Graciela Maria 2025.02.17