Global Economic Times

2025.10.22 (Wed)
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Traffic Congestion Levy Stifles Support for Small Businesses

Seoul — The "Happy Department Store" (Haengbokhan Department Store), established by the South Korean government to support small and medium-sized enterprises (SMEs) and expand sales
South Korea's Per Capita GDP Slump: Taiwan Expected to Overtake for the First Time in 22 Years

SEOUL—South Korea's economic standing is facing a potential setback as the International Monetary Fund (IMF) projects a significant drop in its per capita Gross Domestic Product (GDP) rankin

South Korea 'Trapped': OECD Shock as Tax Revenue Plummets

SEOUL—South Korea faces a dire economic warning, with its ratio of tax revenue to Gross Domestic Product (GDP) plummeting to 17.6% in 2024, ranking it 30th out of 38 OECD member nations. This fi

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Bank of Korea Vows to Stabilize Markets Amidst Rising Volatility: Seoul, South Korea – The Bank of Korea (BOK) has pledged to take swift action to stabilize domestic financial and foreign ex ...; KO YONG-CHUL Reporter 2024.12.19

Foreign Investors Dump Korean Stocks Amidst Political Uncertainty: Seoul, South Korea – The South Korean stock market experienced a significant downturn on Friday, with the KOSPI index plungi ...; KO YONG-CHUL Reporter 2024.12.18

Early Withdrawals from Retirement Funds Soar Amid Housing Market Crunch: Seoul, South Korea – Early withdrawals from retirement funds surged to a four-year high in 2023, primarily driven by individ ...; ONLINE TEAM 2024.12.17

Soaring Food Prices Hit Koreans Hard: Seoul, South Korea – The cost of eating out in South Korea has reached a new high, with prices of popular dishes rising by a ...; Hwang Sujin Reporter 2024.12.16

TSMC's Dominance to Continue: 25% Revenue Growth Forecast for 2024: Taiwan Semiconductor Manufacturing Company (TSMC) is poised to further solidify its position as the world's leading semiconductor ...; Graciela Maria Reporter 2024.12.15

Hungary's Tax Reforms Drive Economic Growth and Digital Innovation: Budapest, Hungary – Finance Minister Mihály Varga recently highlighted Hungary's significant strides in establishing ...; KO YONG-CHUL Reporter 2024.12.14

Kendari Tourism Office Hopes Photo Exhibition Sparks Creative Economy: Kendari, Indonesia – The Kendari City Tourism and Creative Economy Agency (Disparekraf) is optimistic that the recent Celebe ...; Desk 2024.12.13

Egypt Embraces Digital Future: Apple Pay and Tokenization Revolutionize Payments: Cairo, Egypt – A significant stride towards a cashless society has been taken in Egypt with the launch of Apple Pay and the ...; Global Economic Times Reporter 2024.12.13

South Korea's Import Prices Rise Despite Falling Oil Prices: Seoul, South Korea – Despite a decline in international oil prices last month, South Korea's import prices rose 1.1% in Nove ...; Hwang Sujin Reporter 2024.12.13

Non-Banking Lenders See Surge in Household Loans Amid Overall Slowdown: Seoul – While household lending across South Korea’s financial sector has continued its upward trajectory for the eigh ...; KO YONG-CHUL Reporter 2024.12.12

Won-Dollar Exchange Rate Soars Amid Political Uncertainty, Raising Concerns Over Foreign Exchange Reserves: Seoul – The South Korean won has weakened significantly against the U.S. dollar following the declaration of martial law on ...; KO YONG-CHUL Reporter 2024.12.12

Egypt's Inflation Slows but Remains High: Cairo, Egypt – Egypt’s annual urban consumer price inflation rate eased slightly in November, reaching 25.5% from 26.5 ...; Ana Fernanda Reporter 2024.12.11

Saudi Arabia's Industrial Sector Sees Strong Growth in October: Riyadh: Saudi Arabia's industrial sector continued its upward trajectory in October 2024, with the Industrial Production Index (IP ...; Eugenio Rodolfo Sanabria Reporter 2024.12.11

South Koreans Scramble for Dollars as Won Weakens: Seoul, South Korea – As concerns grow over a potential surge in the won-dollar exchange rate amid a state of emergency and p ...; KO YONG-CHUL Reporter 2024.12.11

South Korea Scraps Inheritance Tax Cuts Amid Political Stalemate: Seoul, South Korea – South Korea’s parliament has blocked a government proposal to reduce inheritance and gift taxes, ...; Desk 2024.12.11

South Korea's Wealth Gap Widens Amid Declining Household Debt: Seoul, South Korea – South Korea's household wealth gap has widened despite a recent decline in overall debt, according to t ...; ONLINE TEAM 2024.12.09

Saudi Arabia's Non-Oil Sector Drives Economic Growth: Riyadh, Saudi Arabia – Saudi Arabia's economy continued its upward trajectory in the third quarter of 2024, propelled by the ...; ONLINE TEAM 2024.12.09

Soaring Fuel Prices in South Korea: Seoul, South Korea – Gasoline and diesel prices in South Korea have continued their upward trend for the eighth consecutive ...; Desk 2024.12.08

Saudi Arabia's Real Estate Boom: A Deep Dive: Riyadh, Saudi Arabia – Saudi Arabia's real estate sector is experiencing unprecedented growth, fueled by government initiati ...; Graciela Maria Reporter 2024.12.08

Domestic Fuel Prices Continue to Soar Despite Falling International Oil Prices: Seoul, South Korea – Despite a recent dip in international oil prices, domestic fuel prices in South Korea have continued to ...; Global Economic Times Reporter 2024.12.07