Global Economic Times

2026.06.07 (Sun)
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L&F Plus Secures KRW 220 Billion from National Growth Fund to Anchor South Korea’s First Mass LFP Cathode Production

SEOUL — L&F Co., a prominent South Korean pioneer in secondary battery materials, officially announced on Thursday that its wholly-owned subsidiary, L&F Plus, has been selected as the fi
Major Korean Telcos Trim Online-Exclusive Plans by Up to 50% Amid Shift to Unified Mobile Tariffs

SEOUL — South Korea’s major mobile carriers are drastically streamlining their online-exclusive service plans, reducing their lineups by 20% to 50%. This sweeping reorganization comes clos

40s Emerge as Dominant Force in Tech Leverage ETFs: Investing 3.3 Trillion Won for Double Returns

A profound shift is occurring within the South Korean equity market as investors in their 40s emerge as the primary driver of single-stock leverage exchange-traded funds (ETFs) tied to the nation'

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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

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