Global Economic Times

2025.12.08 (Mon)
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Seoul's 'Insane Rent' Warning: Why $30,000 Monthly Rent is a Looming Threat Residential Crisis Deepens as Tourist Housing Conversion Hits Supply

(C) Pixabay A severe shortage of residential properties, particularly in Seoul, is fueling a surge in conversion of urban housing into tourist accommodations, raising alarm bells over a potential &q
Banks Eye Digital Assets: Woori Bank Displays Bitcoin Price in Dealing Room

(C) The Gulf Independent SEOUL, South Korea—In a clear sign that traditional financial institutions are beginning to seriously integrate digital assets into their core operations, Woori Bank ha

US Layoffs Surge: Over 1.17 Million Job Cuts Announced in First 11 Months of 2025

(C) Visual Capitalist New York — US employers have announced more than 1.17 million job cuts from January through November of this year, a sharp 54% increase compared to the same period last

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South Korean Companies Offer Mixed Performance Bonuses Amidst Industry Fluctuations: Seoul, South Korea – As the highly anticipated annual performance bonus season arrives in South Korea, employees of various ...; Global Economic Times Reporter 2025.01.26

South Korea's National Pension System Faces Sustainability Concerns as Younger Generations Face Lower Retirement Benefits: Seoul, South Korea – A recent government projection reveals a bleak outlook for South Koreans born in the mid-1990s, who are ...; ONLINE TEAM 2025.01.26

South Korea Unveils Measures to Revitalize Stagnant Construction Industry: Seoul, South Korea – The South Korean Ministry of Land, Infrastructure and Transport (MOLIT) announced a comprehensive plan ...; Global Economic Times Reporter 2025.01.26

IMF Chief Warns of Lingering Inflation Despite Economic Growth: Davos, Switzerland – Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has cautioned tha ...; Yim Kwangsoo Correspondent 2025.01.25

Peruvians with Higher Incomes Can Now Deduct More from Taxes: Lima, Peru – In a move to stimulate the economy and provide tax relief for individuals, the Peruvian tax authority, SUNAT, h ...; Pedro Espinola Special Correspondent 2025.01.22

LH to Fast-Track Public Housing Projects Amidst Economic Downturn: Seoul, South Korea – Despite facing a turbulent political climate and a deepening economic recession, Korea Land and Housing ...; Desk 2025.01.20

Jeonju International Film Festival to Boost Local Economy and Small Businesses: Jeonju, South Korea – The Jeonju International Film Festival is set to play a more active role in revitalizing the local eco ...; Hwang Sujin Reporter 2025.01.16

Bank of Korea Holds Rates Amidst Political Turmoil and Economic Uncertainty: Seoul, South Korea – The Bank of Korea (BOK) has decided to keep its benchmark interest rate unchanged at 3.00%, citing conc ...; Global Economic Times Reporter 2025.01.16

South Korea's Housing Market Faces Steep Decline Amidst Economic Uncertainty: Seoul, South Korea – South Korea's housing market is experiencing a significant downturn, according to a recent survey by th ...; Global Economic Times Reporter 2025.01.16

KOSDAQ Firms Face Scrutiny Amid Disclosure Lapses: Seoul, South Korea – The Korea Exchange (KRX) has reported a sharp increase in non-compliant disclosures by companies listed ...; Global Economic Times Reporter 2025.01.14

Daejeon City Launches Initiative to Revitalize Local Businesses: Daejeon, South Korea – In a bid to alleviate the severe challenges faced by local businesses, Daejeon city has announced a c ...; HONG MOON HWA Senior Reporter 2025.01.14

Dried Laver Prices Soar Amidst Global Demand: Seoul, South Korea – The price of dried laver, a staple in Korean cuisine, has surged dramatically in the past year, putting ...; Global Economic Times Reporter 2025.01.13

Culture Fit and Employer Branding Top HR Concerns in 2025: In a survey of 707 HR professionals conducted by Incruit, "culture fit" emerged as the top HR concern for 2025. This trend, which ...; Global Economic Times Reporter 2025.01.12

South Korea's Corporate Giants Face Market Downturn: Seoul, South Korea – South Korea's largest conglomerates experienced a significant decline in their market capitalization la ...; Global Economic Times Reporter 2025.01.12

South Korea Achieves $1 Trillion Milestone in Overseas Construction Orders: Seoul, South Korea – South Korea's Ministry of Land, Infrastructure and Transport announced on 9th that the country’s ...; Global Economic Times Reporter 2025.01.12

Nepal's Inflation Rises, but Economic Indicators Remain Positive: Kathmandu, Nepal - Consumer price inflation in Nepal has risen to 6.05 percent in mid-December 2024, up from 4.95 percent a year a ...; Eugenio Rodolfo Sanabria Reporter 2025.01.11

Gimhae’s Mega-Events Generate Over 1 Trillion Won in Economic Impact: Gimhae, South Korea – A recent study conducted by the Gimhae Research Institute has revealed that three major events held in ...; Global Economic Times Reporter 2025.01.11

Winter Vegetable Shortages Hit Jeju Island: Jeju, South Korea – A severe shortage of winter vegetables is plaguing Jeju Island, largely due to last year’s extreme ...; Global Economic Times Reporter 2025.01.10

Anyang City to Boost Local Economy with Additional Regional Currency: Anyang, South Korea – Anyang City has announced a plan to inject 500 billion won (approximately US$375 million) into its loc ...; KO YONG-CHUL Reporter 2025.01.10

Government and Ruling Party Collaborate to Stabilize Prices and Boost Consumption for Lunar New Year: Seoul, South Korea – In preparation for the upcoming Lunar New Year holiday, the South Korean government and the ruling part ...; Hwang Sujin Reporter 2025.01.09