Global Economic Times

2026.04.22 (Wed)
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India's $10 Billion Shipbuilding Ambition Sparks Hope for South Korean Shipbuilders: SEOUL, South Korea – The South Korean shipbuilding industry is witnessing a surge of optimism as India unveils an ambitious ...; Ana Fernanda Reporter 2025.06.01

India Poised to Become World's Fourth-Largest Economy This Year, Overtaking Japan: New Delhi, India – India's Gross Domestic Product (GDP) is projected to surpass that of Japan by the end of this year, posit ...; Ana Fernanda Reporter 2025.06.01

Woongjin Compass Partners with Saudi Education Firm to Strengthen Middle East Presence: Seoul, South Korea / Riyadh, Saudi Arabia – Woongjin Compass, a leading English education specialist based in South Korea, a ...; KO YONG-CHUL Reporter 2025.05.31

South Korea Surpasses Pre-Pandemic Tourist Levels in April, Driven by Diverse Inflows: Seoul, South Korea – South Korea's tourism sector is experiencing a robust recovery, with the number of foreign visitors in ...; Desk 2025.05.31

HCT Charts Ambitious Path to Unicorn Status on 25th Anniversary: SEOUL, South Korea – HCT Co., Ltd. (KRX: 072990), a leading South Korean specialist in testing, certification, and calibrati ...; Kim Sungmoon Reporter 2025.05.31

Outback Steakhouse Korea Reaches 100 Stores, Navigating Market Shifts: Seoul, South Korea – Outback Steakhouse, operated by Dine Brands Group, has announced the reopening of its 100th location in ...; Hwang Sujin Reporter 2025.05.31

Consumer Protection Ruling: TMON and WeMakePrice Must Refund Victims of Prepaid Cash and Vouchers: A significant consumer dispute resolution ruling has been issued, demanding that TMON and WeMakePrice take responsibility for cons ...; Hwang Sujin Reporter 2025.05.31

Busan to Host "Ocean Industry Renaissance" Next Month, Featuring Marine Startups: BUSAN, South Korea – The Korea Ocean Industry Association announced today that it will host the 9th annual "Ocean Industry R ...; Kim Sungmoon Reporter 2025.05.31

Busan Bank Leads Regional Banks in Social Contribution, Spending ₩59.9 Billion in 2023: Busan Bank has solidified its position as a leader in social contribution among regional banks in South Korea, having spent ₩59.9 ...; Hwang Sujin Reporter 2025.05.31

Hyundai E&C Withdraws from Gadeokdo New Airport Land Reclamation Project, Citing Unrealistic Deadline: SEOUL, South Korea – Hyundai Engineering & Construction (Hyundai E&C) announced on May 30 that it will not participa ...; Hwang Sujin Reporter 2025.05.31

Northern Gyeonggi's Gyooe Line Begins Facility Upgrade Design, Set for Completion by End of Next Year: SEOUL, South Korea – The National Rail Authority (Korea National Railway, KNR) Seoul Metropolitan Regional Headquarters anno ...; KO YONG-CHUL Reporter 2025.05.31

South Korean LPG Suppliers Announce Price Cuts for June Amid Favorable Market Conditions: SEOUL, South Korea – South Korea's leading liquefied petroleum gas (LPG) suppliers, SK Gas and E1, have announced a reductio ...; Hee Chan Kim Reporter 2025.05.31

South Korea's Central Government Debt Reaches KRW 1,141.2 Trillion in 2024 Amidst Improving Fiscal Transparency: South Korea's central government debt climbed to KRW 1,141.2 trillion (approximately $826 billion USD) in 2024, marking an increas ...; Hwang Sujin Reporter 2025.05.31

Bitcoin Extends Correction, Dips Below $105,000 Mark for First Time in 11 Days: Bitcoin, the world's leading cryptocurrency, is experiencing a prolonged correction after recently nearing a significant price pea ...; Graciela Maria Reporter 2025.05.31

Foreign Investors Make a Welcome Return to South Korean Equities After 10 Months: SEOUL – Foreign investors have returned to the South Korean stock market, snapping a nine-month selling streak in May with a ...; Global Economic Times Reporter 2025.05.31

India's Economy Surges to 8.2% Growth in FY2023-24, But Global Headwinds Loom for Future Fiscal Years: India's economy registered a robust performance in the fiscal year 2023-24 (April 2023-March 2024), with its Gross Domestic Produc ...; Eugenio Rodolfo Sanabria Reporter 2025.05.31

US Signals Demand for Major Defense Spending Hikes from Allies, Warns Against "Security-America, Economy-China" Balancing Act: SINGAPORE – US Defense Secretary Pete Hegseth's address at the Shangri-La Dialogue in Singapore appears to outline the incom ...; Ana Fernanda Reporter 2025.05.31

Volkswagen: From Automaker to Sausage King?: Wolfsburg, Germany – Volkswagen, the German automotive giant, is making headlines not just for its cars, but for its burgeon ...; Desk 2025.05.31

Haribo Sweets Recalled in the Netherlands Over Cannabis Contamination: Amsterdam, Netherlands – A significant recall has been initiated in the Netherlands for a specific batch of Haribo gummies a ...; Yim Kwangsoo Correspondent 2025.05.31

2025 Overseas Koreans Literature Award Kicks Off: Opening New Horizons for Korean Literature: The Overseas Koreans Agency is hosting the 27th Literature Award for Koreans worldwide, offering a total prize money of 29.5 milli ...; KO YONG-CHUL Reporter 2025.05.31