Global Economic Times

2025.12.10 (Wed)
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KOTRA Secures Record $700M Budget for 2026, Spearheading Export Growth and Economic Security

SEOUL, South Korea – The Korea Trade-Investment Promotion Agency (KOTRA) is gearing up for a major push in national export and economic security, announcing a record-breaking budget for the upco
Musk's SpaceX Valuation Soars to Up to 800 Billion USD, Claiming Title as World's Most Valuable Private Company

(C) UNN.ua Elon Musk's space exploration company, SpaceX, is reportedly poised to reach a staggering valuation of up to $800 billion (approximately 1,180 trillion KRW), a figure that would cement

Economists Predict Another Fed Rate Cut Ahead of Final FOMC of the Year

(C) Coinpedia SEOUL - The U.S. Federal Reserve (Fed) is set to convene its final Federal Open Market Committee (FOMC) meeting of the year on December 9-10 (local time) to determine the benchmark inter

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Homeplus Pushed Out by Online Shopping... January Transaction Amount Alone Reaches 21.8 Trillion Won: While Homeplus, the second-largest hypermarket in South Korea, has entered corporate rehabilitation proceedings due to deteriorati ...; KO YONG-CHUL Reporter 2025.03.05

BNK Busan Bank Launches Upgraded 'REX II' Card with Enhanced Benefits: Busan, South Korea – March 4, 2025 – BNK Busan Bank has announced the launch of its new 'REX II' credit card, designed ...; Desk 2025.03.04

It was called ‘Golden Squid’ and even the seeds were dried… Seeing how much squid costs is ‘beyond imagination’: Housewife Kim Ga-young, 40s, was recently shocked during a trip to the mart. The price of squid was higher than she thought. Kim l ...; Hwang Sujin Reporter 2025.03.04

National Agricultural Food E-Voucher Program Expands to Convenience Stores Nationwide: Starting from the 4th, consumers across South Korea will be able to purchase a variety of domestic fresh foods using agricultural ...; Hwang Sujin Reporter 2025.03.03

U.S. Inflation Shows Signs of Easing, PCE Index Slows After Four-Month Rise: WASHINGTON D.C. – The U.S. Bureau of Economic Analysis reported on the 28th that the Personal Consumption Expenditures (PCE) ...; Hannah Yeh Reporter 2025.03.01

Colombia's Fiscal Challenges Persist as Revenue Targets Fall Short: The Colombian government is facing significant fiscal challenges as revenue collection continues to fall below expectations. Recen ...; Global Economic Times Reporter 2025.02.28

IMF Issues Global Alert Over U.S. Policy Shifts: WASHINGTON D.C. – The International Monetary Fund (IMF) has raised significant concerns regarding the global repercussions o ...; Hannah Yeh Reporter 2025.02.28

Rising Won-Dollar Exchange Rate Expected to Drive Up Consumer Prices in South Korea: SEOUL - The Bank of Korea (BOK) has issued a warning that the recent surge in the won-dollar exchange rate, driven by domestic pol ...; Global Economic Times Reporter 2025.02.28

Japan Deepens Economic Ties with ASEAN Amidst Shifting Geopolitical Landscape: TOKYO – As global economic security concerns escalate, Japan is intensifying its collaborative efforts with Southeast Asian ...; Hwang Sujin Reporter 2025.02.27

Philippine Stocks Surge, Peso Stable Amid US Relations Boost: MANILA – Philippine stocks experienced a significant rebound on Wednesday, while the local currency, the peso, remained rela ...; Graciela Maria Reporter 2025.02.27

Bank of Korea Cuts Growth Forecast, Cites Economic Uncertainties: SEOUL - The Bank of Korea (BOK) on Tuesday sharply lowered its economic growth forecast for this year to 1.5 percent, citing persi ...; Desk 2025.02.25

Asahi Beer to Raise Prices in Korea Next Month: SEOUL – Asahi Beer, a popular Japanese beer brand in South Korea, will raise prices by up to 20% starting next month, accord ...; ONLINE TEAM 2025.02.23

This year, it is predicted that South Korea's real GDP growth rate could plummet to 1.0%.: According to the financial sector on the 21st, UK-based Capital Economics (CE) lowered its forecast for South Korea's economic gro ...; ONLINE TEAM 2025.02.21

Portugal Rolls Out New Tax Incentives to Attract Global Talent After NHR Phase-Out: Lisbon, Portugal – Portugal has unveiled a new tax regime aimed at attracting highly skilled professionals and fostering inn ...; Ana Fernanda Reporter 2025.02.19

Japan's Economy Sees Modest Growth in Q4, Flat for 2024: TOKYO – Japan's economy continued its modest recovery in the fourth quarter of 2024, with annualized growth of 2.8% in real ...; Desk 2025.02.17

Hana Bank Launches 'K-League Victory Savings Account' to Celebrate 2025 Season Opening: SEOUL – Hana Bank announced the launch of its new "K-League Victory Savings Account" on February 17 to celebrate the opening ...; KO YONG-CHUL Reporter 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

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

Ulsan Chamber of Commerce and Bank of Korea Ulsan Headquarters to Cooperate for Regional Economic Development: The Ulsan Chamber of Commerce announced on the 16th that it will promote various projects to develop the regional economy in coope ...; Desk 2025.02.16

Solaria Secures Grid Connection for 213 MW Data Center Project in Madrid: Madrid, Spain – Solaria Energía y Medio Ambiente has announced it has received confirmation from Red Eléctrica ...; Graciela Maria Reporter 2025.02.14