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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Paraguay Sees 24% Surge in Investment in Q1 2025 Driven by Incentive Policies, Positive Impact on Job Creation: Asunción, Paraguay – Paraguay's investment landscape has experienced a significant boost in the first four months of ...; Desk 2025.05.19

Moody's Downgrades US Credit Rating, Reigniting Fiscal Strain Concerns: Moody's Investors Service has lowered the United States' credit rating from its pristine AAA status to Aa1, exacerbating concerns ...; Desk 2025.05.18

Paraguay Records $311.7 Million Trade Deficit Through April Amid Export Decline: Asunción, Paraguay - The Central Bank of Paraguay (BCP) has announced that Paraguay experienced a total trade volume of $10 ...; Graciela Maria Reporter 2025.05.15

Soaring Gas Prices Threaten Paraguay's Humble Eateries, Sparking Inflation Domino Effect Fears: Despite a recent price reduction of 270 guaraníes (approximately 4 US cents) in fuel by Paraguay's state-owned oil company ...; Yim Kwangsoo Correspondent 2025.05.13

Paraguay's Fuel Price Cut Sparks Warning from Distributors over Sustainability: Asunción, Paraguay - Paraguayan fuel distributors have voiced concerns that the government's recent announcement of a reduc ...; Eugenio Rodolfo Sanabria Reporter 2025.05.13

Singapore Sees Gold Investment Frenzy as Economic Uncertainty Fuels Safe-Haven Demand: Amidst a recent surge in international gold prices, Singapore has witnessed a remarkable increase in the sales of gold bars and co ...; KO YONG-CHUL Reporter 2025.05.13

Bank of Korea Calls for Oversight in Potential Won-Pegged Stablecoin Issuance Amid Global Developments: Seoul, South Korea – The Bank of Korea (BOK) is advocating for a proactive role in the authorization process should stableco ...; Ana Fernanda Reporter 2025.05.12

Alarm Bells Ring for South Korea's Economic Future as OECD Predicts Sub-2% Potential Growth: Seoul, South Korea – A chorus of warnings is sounding over the trajectory of the South Korean economy, with the Organization ...; Desk 2025.05.12

Nvidia's Market Value Plunges by $270 Billion in Two Days as US Tightens AI Chip Export Controls to China: New York – Shares of Nvidia (NVDA) have experienced a dramatic two-day sell-off, erasing a staggering $270 billion from its ...; Eugenio Rodolfo Sanabria Reporter 2025.05.12

Won-Dollar Exchange Rate Swings Below 1,400 Amid US-China Trade Optimism and Shifting Monetary Policies: Seoul, South Korea – The Korean won (KRW) experienced a volatile trading day on Tuesday, breaching the 1,400 mark against th ...; Desk 2025.05.12

Navigating the Golden Question: Understanding Taxation on Gold and Other Assets in South Korea: The fundamental principle of taxation, often summarized as "where there is income, there is tax," carries an intuitive weight. Yet ...; Yim Kwangsoo Correspondent 2025.05.12

The Silent Debt Trap: How Revolving Credit Can Secretly Triple Your Bills: Seoul, South Korea – In an era where financial prudence is increasingly vital, a seemingly innocuous financial tool lurking ...; ONLINE TEAM 2025.05.12

The Sub-Won Strategy: South Korean Retailers Embrace Ultra-Low Prices as Consumer Sensitivity Peaks: Seoul, South Korea – In a stark departure from the long-held emphasis on "value for money," South Korean retailers, spanning ...; KO YONG-CHUL Reporter 2025.05.12

US Stock Market Faces Uphill Battle for Swift Recovery, Experts Warn at Seoul Money Show: Leading investment strategists and market analysts convened at the 2025 Seoul Money Show this past weekend, offering a cautious ou ...; Ana Fernanda Reporter 2025.05.12

Weak Philippine Q1 GDP Growth Fuels Expectations for Interest Rate Cut: The Philippine economy recorded a lower-than-expected annual growth rate of 5.4% in the first quarter of this year, increasing the ...; Kim Sungmoon Reporter 2025.05.09

Philippines Aims for $2 Trillion Economy by 2050, Focuses on Attracting Private Investment: The Philippine government has set a target of reaching a $2 trillion economic scale by 2050, building on its strong economic growt ...; Kim Sungmoon Reporter 2025.05.09

Surging New Taiwan Dollar: Reflecting Potential Outcomes of US-Taiwan Trade Negotiations?: On May 2nd, the New Taiwan Dollar (NTD) surged 3.3% against the US dollar, marking its largest single-day gain in 23 years. For Ta ...; KO YONG-CHUL Reporter 2025.05.09

Chinese and Hong Kong Equities Surge Towards One-Month Peak on Beijing's Proactive Stimulus and Easing Trade Concerns: Beijing and Hong Kong – Buoyed by a decisive move from Beijing to inject stimulus into its slowing economy, mainland Chinese ...; Graciela Maria Reporter 2025.05.08

Vietnam Eyes Overhaul of Property Transfer Tax System to Combat Evasion and Boost Revenue: Hanoi, Vietnam – The Vietnamese government is actively pursuing a significant reform of its property transfer tax system, pr ...; Ana Fernanda Reporter 2025.05.07

Samsung Securities Cultivates Future Investors with Minor Account Opening Promotion: In a move to encourage early financial literacy and long-term wealth building, Samsung Securities has launched a special "Seed of ...; Desk 2025.05.07