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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Daejeon Launches First Public Investment Firm to Boost Startup Ecosystem: Daejeon, South Korea – Daejeon City has successfully registered Daejeon Investment Finance Co., Ltd. as a new technology-bas ...; HONG MUN HWA Senior Reporter 2024.12.02

Orion Confronts Backlash Over Selective Price Hikes: Seoul, South Korea – Orion, a leading South Korean confectionery company, is facing mounting criticism for its recent decisi ...; Global Economic Times Reporter 2024.12.02

South Korean Firms Brace for Tough Times, Half to Cut Costs in 2025: Seoul, South Korea – A recent survey conducted by the Korea Employers Federation (KEF) has revealed that nearly half of Sout ...; Hwang Sujin Reporter 2024.12.02

Singapore Government to Provide Cash Assistance and Medisave Bonuses: Singapore – The Singapore government has announced a comprehensive assistance package to alleviate the cost of living and su ...; Ana Fernanda Reporter 2024.12.01

Foreigners Own Nearly 100,000 Homes in South Korea: Seoul, South Korea – The Ministry of Land, Infrastructure and Transport released a report on November 29th, revealing that f ...; ONLINE TEAM 2024.11.30

South Korea Sees Rise in Household Income and Savings in Q3: Seoul, South Korea – South Korea's households experienced a boost in both income and savings in the third quarter of 2024, a ...; ONLINE TEAM 2024.11.29

Kbank to Temporarily Suspend Services for System Upgrade: Kbank, a leading digital bank in South Korea, announced on [date] that it will temporarily suspend its services from 0:00 AM to 8: ...; Hwang Sujin Reporter 2024.11.29

EDB Advances Key Projects in Central Asia: Investments, Water Management, and Energy Transition: Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB) and a member of Kazakhstan's Foreign Inv ...; Ana Fernanda Reporter 2024.11.29

Yomiuri Shinbun to Launch New Stock Index, Yomiuri 333: Tokyo, Japan – The Yomiuri Shinbun, a major Japanese newspaper, announced plans to launch a new stock index called "Yomiuri ...; ONLINE TEAM 2024.11.28

Taiwan's Economy Shows Signs of Slowdown Despite AI Boom: Taipei, Taiwan – Taiwan’s National Development Council (NDC) has reported that the country’s economic monitoring ...; Hwang Sujin Reporter 2024.11.28

Ringgit Strengthens Against US Dollar Amidst Fed Rate Hike Uncertainty: The Malaysian ringgit has strengthened against the US dollar, buoyed by a more dovish-than-expected Federal Reserve meeting minute ...; Global Economic Times Reporter 2024.11.28

Philippines Records Budget Surplus in October, Cuts Annual Deficit: Manila, Philippines – The Philippine government has reported a budget surplus of 6.3 billion pesos in October, a significant ...; Global Economic Times Reporter 2024.11.28

Euro Nears Parity with Dollar as US Economy Outperforms: Seoul, South Korea – The US dollar continues to strengthen against the euro, with the possibility of the two currencies reac ...; Global Economic Times Reporter 2024.11.27

South Korea's Rising Delinquency Rates Signal Economic Strain: Seoul, South Korea – South Korea's credit card and savings bank delinquency rates have surged in the third quarter, indicati ...; KO YONG-CHUL Reporter 2024.11.27

South Korea's Cryptocurrency Tax Debate Heats Up: Seoul, South Korea – South Korea's National Assembly is embroiled in a heated debate over the taxation of cryptocurrency gai ...; Hwang Sujin Reporter 2024.11.27

Dollar Deposits Fluctuate as South Korean Won Weakens: Seoul, South Korea – The fluctuation of the South Korean won against the US dollar has led to increased volatility in dollar ...; Desk 2024.11.27

Lotte Chemical Struggles Amidst Falling Share Prices and Mounting Financial Concerns: Seoul, South Korea – Lotte Chemical's stock price has been plummeting due to a combination of a downturn in the petrochemica ...; KO YONG-CHUL Reporter 2024.11.27

Financial Supervisory Service Upholds Auto Lease Companies' Right to Charge Depreciation Fees: Seoul, South Korea – The Financial Supervisory Service (FSS) has ruled that it is legitimate for auto lease companies to cha ...; Hwang Sujin Reporter 2024.11.27

Paraguay's Economic Growth Masks Deep-Rooted Poverty: Asunción, Paraguay – Despite experiencing robust economic growth in recent years, Paraguay continues to grapple with ...; KO YONG-CHUL Reporter 2024.11.26

South Korea's Credit Card and Savings Bank Delinquency Rates Rise Amid Economic Strains: Seoul, South Korea – South Korea is grappling with a rising tide of household debt as the delinquency rates of credit cards ...; Desk 2024.11.25