Global Economic Times

2026.10.22 (Thu)
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Korean Ministry Mandates Weekly Remote Work for Pregnant Employees: Seoul, South Korea – In a move aimed at promoting work-life balance and supporting employees' well-being, the Ministry of Pe ...; Hwang Sujin Reporter 2025.01.31

E-commerce Companies Dive into Luxury Goods Market Amidst Slowing Growth: SEOUL – In a bid to expand their customer base and boost sales, South Korean e-commerce giants are increasingly venturing in ...; Hwang Sujin Reporter 2025.01.31

Korea Boosts Investment Incentives for Local Businesses: To stimulate corporate investment in local areas, the ceiling for local investment subsidies will be raised from the current 100 b ...; KO YONG-CHUL Reporter 2025.01.31

Seoul's Seocho District Tops Average Apartment Transaction Price in 2024: Seoul – According to data provided by the Korea Real Estate Board to Rep. Lee Yeon-hee of the Democratic Party of Korea's La ...; Min Gyu Mi Reporter 2025.01.31

Jajangmyeon Prices Soar Over the Past Decade, Leading 'Noodle-flation': Among popular dining-out options in South Korea, the price of jajangmyeon (black bean noodles) has seen the most significant incre ...; Desk 2025.01.31

Wage Growth Lags Behind Soaring Inflation, Widening Income Disparity in South Korea: SEOUL – South Korea's workers are facing a growing income squeeze as wage growth has slowed for the second consecutive year ...; Hwang Sujin Reporter 2025.01.31

Special Education Teachers Champion Inclusive Physical Education for Students with Developmental Disabilities: Icheon, South Korea – A group of dedicated special education teachers is advocating for the development of inclusive physica ...; Min Gyu Mi Reporter 2025.01.31

Tesla to Launch Fully Autonomous Robotaxi Service in June, Plans for Low-Cost EV: Tesla is set to revolutionize urban transportation with the launch of its robotaxi service in June. CEO Elon Musk announced the am ...; Yim Kwangsoo Correspondent 2025.01.31

Soaring Food Prices Drive Inflation in South Korea: Seoul – A recent report by Statistics Korea has revealed that a staggering nine out of the top ten items that experienced th ...; Global Economic Times Reporter 2025.01.31

China's AI Offensive Intensifies, Challenging US Dominance: The reverberations of DeepSeek, a Chinese AI model delivering ChatGPT-level performance at a fraction of the cost, continue to sha ...; KO YONG-CHUL Reporter 2025.01.31

Korean Memory Industry Closely Monitoring Global Market Trends Following the Emergence of Chinese AI Model 'DeepSeek R1': The Korean memory industry is closely monitoring global market trends following the emergence of the Chinese artificial intelligen ...; KO YONG-CHUL Reporter 2025.01.31

Surge in One-Person Media Creators, Top Earners Rake in Billions: The number of one-person media creators, such as YouTubers, has surged nearly 20-fold in the past five years, raising concerns abo ...; Hwang Sujin Reporter 2025.01.31

Starbucks Surpasses Japan in Store Count for the First Time: South Korea has overtaken Japan in the number of Starbucks stores for the first time, according to Starbucks' global website. As o ...; Hwang Sujin Reporter 2025.01.31

Financial Instability Index Soars Amid Political Uncertainty: The Financial Instability Index (FSI) in South Korea surged to its highest point in a year last December, approaching levels seen ...; Desk 2025.01.31

S. Korean Government Rethinking Levy Abolition Spree Amidst Revenue Shortfalls: SEOUL – The Yoon Suk-yeol government's push to eliminate various levies, including those on movie tickets and development pr ...; ONLINE TEAM 2025.01.31

The Rise of AI Reshapes the US Stock Market's Top Spot: The rise of the artificial intelligence (AI) industry is shaking up the top spot in US stock market capitalization this year. In J ...; KO YONG-CHUL Reporter 2025.01.31

Korean Companies Face Widespread Credit Rating Downgrades Amidst Economic Woes: Last year saw a significant number of credit rating downgrades for major Korean companies. Some credit rating agencies downgraded ...; KO YONG-CHUL Reporter 2025.01.31

Bank of Korea to Slow Down Pace of Interest Rate Cuts: The US Federal Reserve (Fed) has decided to freeze its policy interest rate and signaled that it will not rush to cut rates. This ...; Hannah Yeh Reporter 2025.01.31

Eastvale, California: A Haven of Suburban Comfort and Convenience: Eastvale, a city nestled in Riverside County, California, offers a unique blend of suburban tranquility and urban accessibility. L ...; KO YONG-CHUL Reporter 2025.01.30

Eastvale: A Growing Hub for Korean Culture and Cuisine in Riverside County: Eastvale, a rapidly developing city in Riverside County, California, is experiencing a surge in its Korean population. This influx ...; KO YONG-CHUL Reporter 2025.01.30