Global Economic Times

2026.07.22 (Wed)
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OpenAI Rebounds in Secondary Market as Valuation Surges 20% in Three Months

NEW YORK / SEOUL — After a challenging period during which investor sentiment had visibly shifted toward rival Anthropic, OpenAI is staging a swift comeback in the private secondary stock market
South Korea to Tighten Rules on Single-Stock Leveraged Products; Minimum Deposit Raised to 30 Million Won

SEOUL — South Korea’s financial regulators are deploying a sweeping set of emergency stabilization measures to curb the extreme volatility tied to single-stock leveraged products, particul

TSMC Hits Record $40 Billion in Q2 Revenue Amid AI Boom, Pledges Additional $100 Billion for US Expansion

TAIPEI — Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, has delivered another blockbuster quarterly performance, rewriting financial records on the

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Uber Secures $14 Billion Deal to Acquire Delivery Hero; Vows Continued Strategic Investment in South Korea’s Baemin: SEOUL — In a monumental move set to redefine the global quick-commerce and food delivery sectors, Uber Technologies Inc. has ...; Desk 2026.07.18

Seoul Restructures Welfare Paradigm with Tiered Basic Pension and Bold Blueprint for Global Bio-Pharma Leadership: SEOUL — The South Korean government has announced a sweeping structural overhaul of its basic pension framework, transitioni ...; KO YONG-CHUL Reporter 2026.07.18

President Lee Demands Immediate Crackdown on Single-Stock Leverage ETFs and Bold Debt Relief for the Vulnerable: SEOUL — President Lee Jae-myung has issued a strong directive to regulatory bodies to overhaul South Korea’s financial ...; KO YONG-CHUL Reporter 2026.07.16

Entering the 800 Trillion Won Budget Era: Minister Park Outlines Strategic Focus on Youth, Regional Growth, and Three Mega Projects: SEOUL — Minister of Fiscal Planning and Budget Park Hong-keun announced on July 13 that South Korea is set to enter an unpre ...; KO YONG-CHUL Reporter 2026.07.13

Foreign Investors Return But Sell Off 'Samsung & Hynix' as Price Target Cuts Fuel KOSPI Peak Concerns: SEOUL — Despite a shift to net buying by foreign investors for the first time in 14 trading days, South Korea’s benchm ...; Kim Sungmoon Reporter 2026.07.09

SpaceX Faces Market Reality Check as Stock Plummets Below Day-One Closing Price: NEW YORK — Shares of Elon Musk’s aerospace giant, SpaceX, slipped below their debut-day closing price on Wednesday, ra ...; Ana Fernanda Reporter 2026.07.09

K-Bank’s Lending to Sole Proprietors Surpasses 5 Trillion Won, Fueled by Strategic Pivot to Secured Loans: SEOUL — K-Bank, one of South Korea's prominent internet-only banks, has officially crossed the milestone of 5 trillion won i ...; KO YONG-CHUL Reporter 2026.07.09

Shake Shack Celebrates 10th Anniversary in Korea with Exclusive 'Heritage Collection' Collaboration: SEOUL — In a milestone celebration marking a decade of success in the South Korean market, Shake Shack, the renowned global ...; Global Economic Times Reporter 2026.07.03

NH NongHyup Life Insurance Leads Landmark 165 Billion Won Project Finance for Eco-Friendly BESS in Gwangyang: GWANGYANG, South Korea — In a historic move for the South Korean insurance sector, NH NongHyup Life Insurance (NH Life) anno ...; Kim Young Min Reporter 2026.07.01

Yen and Won Hit Critical Lows as 'Strong Dollar' Fears Grip Asian Markets: In a startling development that has sent shockwaves across Asian financial markets, the Japanese yen has plummeted to its lowest l ...; KO YONG-CHUL Reporter 2026.07.01

Algorithms Over Quality: How Platform Self-Preferencing Distorts Consumer Choices: A recent study by the Korea Fair Trade Commission (KFTC) has confirmed that online platforms can significantly influence consumer ...; Kim Young Min Reporter 2026.06.29

Kioxia Employees Join Ranks of Multi-Millionaires Amidst Semiconductor Boom: TOKYO — In an extraordinary turn of events that has captured the attention of the Japanese financial market, approximately 6 ...; Hwang Sujin Reporter 2026.06.29

Bitcoin Bet Backfires: KOSDAQ Firms Face Delisting Risks Amidst Heavy Losses: The prolonged downturn in the virtual asset market is exerting immense pressure on corporate balance sheets that had previously pi ...; Kim Young Min Reporter 2026.06.29

Government Slashes Petroleum Price Caps by 150 Won per Liter amid Easing Middle East Tensions: SEOUL — The South Korean government announced a decisive reduction in the maximum price caps for petroleum products, effecti ...; Yim Kwangsoo Correspondent 2026.06.27

Political Debates Spark Over Semiconductor "Windfall" Redistribution: As South Korea’s semiconductor industry rides the crest of an unprecedented AI-driven boom in 2026, a contentious debate has ...; Hee Chan Kim Reporter 2026.06.27

Global Markets Expected to Continue AI-Driven Rally in H2 2026: The Korea Center for International Finance (KCIF) released its "Global Economic and Financial Market Outlook for the Second Half o ...; Desk 2026.06.27

Labor and Management Begin Fierce Tug-of-War Over 2027 Minimum Wage: The annual battle over South Korea's minimum wage has officially commenced, with labor and management presenting starkly different ...; Yim Kwangsoo Correspondent 2026.06.24

National Pension Service (NPS) Announces Ambition to Enter "Fund-Type" Retirement Pension Market: SEOUL — Kim Sung-joo, Chairman and CEO of the National Pension Service (NPS), officially declared the organization’s i ...; KO YONG-CHUL Reporter 2026.06.24

Black Tuesday: South Korea’s Semiconductor Giants Suffer Historic 17-Year Plunge: SEOUL — The South Korean stock market endured a day of profound volatility on Tuesday, as its twin pillars of industrial str ...; Desk 2026.06.24

Korean Banks Launch 'Youth Future Savings' Account Offering Up to 8% Interest: As of June 22, 2026, major South Korean banks have officially launched the "Youth Future Savings" account, a government-backed pol ...; Hwang Sujin Reporter 2026.06.22

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