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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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

Global Food Prices Climb to Highest Level Since April 2023: Rome, Italy – Global food prices reached their highest level since April 2023, according to the latest Food Price Index rele ...; Eugenio Rodolfo Sanabria Reporter 2024.12.07

South Korea's Stock Market Plunges Amid Impeachment Crisis: Seoul, South Korea – South Korea's stock market experienced a significant downturn on [Date] as the nation grapples with a d ...; Desk 2024.12.06

South Korea's Real GNI Rises Amidst Slowing Growth: Seoul, South Korea – South Korea's real gross national income (GNI), a measure of a nation's total income, increased by 1.4% ...; JEONG CHAN MYEONG Senior Reporter 2024.12.05

South Korea Unveils Small Business Support Package Amidst Political Turmoil: Seoul, South Korea – Despite the ongoing political upheaval following the declaration of a state of emergency, the South Kor ...; Desk 2024.12.05

South Korea's Housing Market Cools Amid Tightening Regulations: Seoul, South Korea – South Korea's housing market is experiencing a significant downturn, marked by a continuous decline in ...; Desk 2024.12.05

South Korea Tightens Rules on Year-End Tax Settlements: Seoul, South Korea – South Korea's National Tax Service (NTS) has announced a significant overhaul of its year-end tax settl ...; Desk 2024.12.05

Consumer Prices Rise as Food Costs Soar, Despite Falling Oil Prices: Seoul, South Korea – South Korea's consumer prices continued to climb in November, marking the third consecutive month of in ...; ONLINE TEAM 2024.12.04

New York Stocks Close Mixed Amid South Korean Political Turmoil: New York, NY – Major U.S. stock indices closed mixed on Wednesday as investors grappled with the fallout from South Korean P ...; Global Economic Times Reporter 2024.12.04

Hungary to Resume Large-Scale Infrastructure Investments in 2025: Budapest, Hungary – The Hungarian government has announced plans to reinvigorate its infrastructure investment program in 20 ...; Ana Fernanda Reporter 2024.12.03

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