Global Economic Times

2026.04.23 (Thu)
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Naphtha Prices Skyrocket 68%: South Korea Braces for Producer Price Surge

South Korea’s production costs have hit a fever pitch as the Producer Price Index (PPI) extended its climbing streak for a seventh consecutive month. Driven by a volatile surge in international
Gov't Launches 'One-Team' Initiative to Transform Regional Airports into Tourism Hubs

The South Korean government has officially embarked on a collaborative effort to transform regional airports into strategic gateways for international tourism. By integrating airport infrastructure wi

From Safety Drivers to Fully Autonomous: South Korea to Launch First Unmanned Trucking Service in June

SEOUL — The landscape of South Korea’s logistics industry is set for a historic shift this summer. Starting in June, autonomous trucks will officially begin transporting commercial freight

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A Graying World: How We Can Turn Longevity into an Economic Boon: The world is getting older, and while that's a testament to human progress, it also presents a significant challenge to economies ...; Pedro Espinola Special Correspondent 2025.09.04

Back-to-School Buzz Fades for University Towns: Most universities started their fall semester on September 1, but business is slow in many university towns. While students are ba ...; Hwang Sujin Reporter 2025.09.03

Paraguay's Beef Exports Hit All-Time High, Up 32.5% by August This Year: September 1, 2025. Paraguay's beef exports have shown record growth from the beginning of this year through August, reaching a tot ...; Graciela Maria Reporter 2025.09.03

Gold and Silver Prices Soar Amid Fed Rate Cut Hopes and Economic Uncertainty: NEW YORK — Gold and silver prices hit all-time highs on Tuesday, fueled by growing expectations that the U.S. Federal Reserv ...; Ana Fernanda Reporter 2025.09.02

Why Economic Growth Doesn't Always Reach Everyone's Pockets: Former Minister of Finance, Manuel Ferreira, explained why economic growth indicators often feel disconnected from the reality of ...; Ana Fernanda Reporter 2025.08.22

Paraguay’s Development Finance Agency (AFD) Drives Economic Growth Through Housing Loans: ASUNCIÓN, PARAGUAY — According to a recent report by the Development Finance Agency (AFD) of Paraguay, a total of $19 ...; Pedro Espinola Special Correspondent 2025.08.22

Despite Tariff Windfall, U.S. Federal Deficit Widens by $109 Billion: WASHINGTON—The U.S. federal government's budget deficit has expanded by $109 billion this fiscal year, even as a surge in ta ...; Desk 2025.08.11

South Korea's "Pocketbook Squeeze": Food and Public Transport Costs Surge, Burdening Households: SEOUL—In a troubling sign for household finances, South Korea is experiencing a sharp rise in the cost of essential goods an ...; Hwang Sujin Reporter 2025.08.11

Buenos Aires Inflation Rises to 2.5% in July 2025, with a Cumulative Annual Rate of 18.1%: According to data released by the Buenos Aires City Statistics Office, the consumer price index (CPI) in Buenos Aires rose by 2.5% ...; Desk 2025.08.08

Paraguay's Financial Market in June 2025: A Balancing Act of Liquidity and Growth: In June 2025, the Paraguayan financial system demonstrated its vitality by maintaining robust growth. According to the latest fina ...; Yim Kwangsoo Correspondent 2025.08.06

Argentina, Panama, and Paraguay Drive Growth, Mexico at the Bottom... Cepal Releases 2025 Economic Outlook: The United Nations Economic Commission for Latin America and the Caribbean (Cepal) has released its forecast for regional economic ...; KO YONG-CHUL Reporter 2025.08.06

Philippines' Central Bank Likely to Accelerate Rate Cuts as Inflation Stabilizes: MANILA – The Bangko Sentral ng Pilipinas (BSP) is set to continue its monetary policy easing, forecasting that this year's i ...; Global Economic Times Reporter 2025.08.05

Fuel Prices to Rise by Up to P1.90 Per Liter: MANILA — Another round of fuel price hikes is set to hit consumers, adding to the financial burden of ordinary citizens. Sta ...; Global Economic Times Reporter 2025.08.05

Eurozone Inflation Stabilizes at 2%, Giving ECB a Breather but Euro's Weakness a 'Worry': Eurozone inflation remained stable at 2% in July, a development that is seen as easing the European Central Bank's (ECB) monetary ...; Desk 2025.08.05

Corporate Tax, Securities Transaction Tax, Stock Transfer Tax: A 'Triple Tax Hike' to Secure 35.6 Trillion Won in Tax Revenue Over 5 Years: The government is set to implement a so-called "triple tax hike" on corporate tax, securities transaction tax, and stock transfer ...; Hwang Sujin Reporter 2025.08.01

Novo Nordisk Shares Plummet as Competition Heats Up in Obesity Drug Market: Copenhagen, Denmark – Shares of Danish pharmaceutical giant Novo Nordisk, widely known for its blockbuster obesity drug Wego ...; Graciela Maria Reporter 2025.07.30

This Year's High of 23,943 Points, When Will It Be Surpassed? Experts Say, "Short-term Rally to Continue, But 23,486 Points Must Be Overcome First": The Taiwan stock market has risen for five consecutive weeks, settling above 23,000 points. While investors are anticipating the m ...; Desk 2025.07.27

SK Hynix Achieves Record-Breaking Performance Driven by HBM, Surpassing Samsung Electronics Twofold in 'Earning Surprise': ICHEN, SOUTH KOREA – SK Hynix, a leader in the High Bandwidth Memory (HBM) market, has made significant waves in the semicon ...; Hwang Sujin Reporter 2025.07.24

Foreigners Bet 6.3 Trillion Won on KOSPI… Nomura Also Shouts "4000": Foreign investors' relentless net buying spree on KOSPI is driving the index to new year highs. Foreign investment banks are raisi ...; Desk 2025.07.24

First Round of Livelihood Recovery Consumer Coupons Begins Issuance; Applications Start July 21: The Ministry of Interior and Safety will begin accepting applications for the first round of Livelihood Recovery Consumer Coupons ...; Global Economic Times Reporter 2025.07.20