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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South Korean Small Businesses Face Another Quarter of Declining Sales and Profits: A new report from Korea Credit Data (KCD) has revealed that South Korean small businesses experienced a significant decline in bot ...; Global Economic Times Reporter 2024.11.05

South Korea Faces Significant Economic Losses Due to Climate Change: A new report by the Bank of Korea, the Financial Supervisory Service, and the Korea Meteorological Administration warns that South ...; Pedro Espinola Special Correspondent 2024.11.05

SK Hynix to Accelerate HBM4 Supply for Nvidia Amidst AI Boom: SK Group Chairman Chey Tae-won revealed that Jensen Huang, CEO of Nvidia, has requested an acceleration of the supply schedule for ...; ONLINE TEAM 2024.11.05

Las tasas de interés de los depósitos bancarios se reducen una tras otra... las tasas de interés de los préstamos están aumentando: Después del recorte de la tasa de interés básica del Banco de Corea, los bancos han estado reduciendo las tas ...; ONLINE TEAM 2024.11.03

Agricultural Cooperatives Called to Strengthen Social Services to Combat Rural Decline: As rural decline emerges as a pressing social issue, calls for agricultural cooperatives to strengthen their role as the focal poi ...; Global Economic Times Reporter 2024.11.02

“Government tax cut benefits, when middle- and low-income earners increase by 6.8%, high-income earners increase by 9.9%.”: An analysis showed that while the benefits received by middle- and low-income earners over five years due to the government's tax ...; ONLINE TEAM 2024.10.31

Delivery app win-win council agrees to meet again until the end, differing opinions on commission rate: The win-win consultative body between the delivery platform and the store company, which aims to come up with a win-win plan such ...; Global Economic Times Reporter 2024.10.31

Kim Jong-guk, the ‘salty man’ who washes wet tissues, receives a presidential commendation: [GLOBAL ECONOMIC TIMES] Singer and broadcaster Kim Jong-guk, famous for being a ‘salty guy,’ received a presidential ...; Hwang Sujin Reporter 2024.10.30

“What should I do about signing up for a rental deposit?” Sudden suspension of HUG capital expansion: [GLOBAL ECONOMIC TIMES] According to the Ministry of Land, Infrastructure and Transport on the 29th, HUG suddenly halted procedur ...; Hwang Sujin Reporter 2024.10.30

Price Association: “Kimchi for a family of four costs 420,000 won… 20% more than last year.”: [GLOBAL ECONOMIC TIMES] Due to the strong prices of vegetables such as cabbage and radish, an analysis showed that the cost of ki ...; Global Economic Times Reporter 2024.10.30

Google (Alphabet), which announced better-than-expected earnings, surged 5% after-hours: [GLOBAL ECONOMIC TIMES] Alphabet, Google's parent company, surged 5% in after-hours trading after reporting third-quarter earning ...; Global Economic Times Reporter 2024.10.30

“Korea Aerospace, domestic business surge and performance momentum begins now”: [GLOBAL ECONOMIC TIMES] On the 30th, DB Financial Investment maintained its buy opinion on Korea Aerospace, saying that the momen ...; Global Economic Times Reporter 2024.10.30

Baek Jong-won's The Born Korea raised KRW 12 trillion in general public offering: [GLOBAL ECONOMIC TIMES] The Bourne Korea, a restaurant franchise company led by CEO Baek Jong-won, which is seeking listing on th ...; Hwang Sujin Reporter 2024.10.30

Gwangju Bank, attracting attention to foreigners, launches a check card exclusively for foreigners: [GLOBAL ECONOMIC TIMES] Gwangju Bank has launched a check card exclusively for foreigners. Gwangju Bank announced on the 29th th ...; Hwang Sujin Reporter 2024.10.30

Shinhan Bank supports growth of global future talent: [GLOBAL ECONOMIC TIMES] Shinhan Bank held the '2024 Swith (Shinhan with) Global CSR Project' event, a global environmental, socia ...; Desk 2024.10.30

Five major financial companies with net profits exceeding KRW 16 trillion “Record performance, return to value industry“: [GLOBAL ECONOMIC TIMES] The five major financial groups posted a total net profit of over 16 trillion won through the third and f ...; ONLINE TEAM 2024.10.30

Governor of the Bank of Korea: “This year’s growth rate is likely to fall to 2.2-2.3%.”: [GLOBAL ECONOMIC TIMES] Regarding this year's growth rate, Bank of Korea Governor Lee Chang-yong said on the 29th, "I think it wi ...; Global Economic Times Reporter 2024.10.30

One out of 10 small businesses in Incheon closed last year... ‘Stigma’, the highest business closure rate in the country: [GLOBAL ECONOMIC TIMES] It was found that small business owners in the Incheon region are experiencing serious difficulties amids ...; Global Economic Times Reporter 2024.10.29

Is the won-dollar exchange rate approaching 1,400 won? Bank of Korea: “Possibility of risk aversion increasing due to escalation of war in the Middle East and US presidential election”: [GLOBAL ECONOMIC TIMES] Concerns are growing that the won-dollar exchange rate, which has soared to the 1,390 won range due to Is ...; Global Economic Times Reporter 2024.10.28

CJ Logistics and courier union begin negotiations on delivery 7 days a week... Fee battle ‘tight’: [GLOBAL ECONOMIC TIMES] CJ Logistics is engaged in a tense battle with couriers over the introduction of 7-day delivery a week ne ...; ONLINE TEAM 2024.10.28