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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Bitcoin Surpasses $80,000 for the First Time, Fueled by Trump's Pro-Crypto Stance: Bitcoin has reached a new all-time high, surpassing the $80,000 mark for the first time. This significant milestone is attributed ...; Global Economic Times Reporter 2024.11.11

Gasoline and Diesel Prices in South Korea Hit 4-Week High: The prices of gasoline and diesel in South Korea have continued to climb for the fourth consecutive week, according to data releas ...; Global Economic Times Reporter 2024.11.10

Investors' reaction to Budget 'very different' to Truss: Rachel Reeves' Budget is "very, very different" to the Liz Truss mini-Budget of two years ago, according to a senior government mi ...; Global Economic Times Reporter 2024.11.09

Interest rates cut but Bank hints fewer falls to come: UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last ...; Global Economic Times Reporter 2024.11.09

Junior doctors are striking. Should we increase their wages by a third?: Their union says that demands on doctors keep rising while their pay keeps shrinking. 2024 started off on a rather dour note, wit ...; Global Economic Times Reporter 2024.11.09

US Jobs Report Shows Unemployment Claims at Lowest Levels in 50 Years: The U.S. economy had another month of strong employment gains between mid-February and mid-March, adding 431,000 new jobs. Althoug ...; Global Economic Times Reporter 2024.11.09

“Again Trump”… Korean economic uncertainty tsunami: As the 'second term of Trump's administration' is expected to take place, attention is being paid to the impact it will have on ou ...; Global Economic Times Reporter 2024.11.07

South Korean PE Firms Face Scrutiny Over Value Creation: A recent study has revealed that South Korea's top five private equity firms have struggled to significantly boost the return on e ...; Global Economic Times Reporter 2024.11.06

US Job Market Shows Mixed Signals in October: The US labor market painted a complex picture in October, with significant job growth in certain sectors offset by substantial los ...; Global Economic Times Reporter 2024.11.06

South Korea's Foreign Exchange Reserves Shrink Amidst Strong Dollar: South Korea's foreign exchange reserves contracted by over $42 billion in October, primarily attributed to the strengthening US do ...; Global Economic Times Reporter 2024.11.05

German Inflation Surges, Economic Recovery Uncertain: German inflation unexpectedly climbed to 2.4% in October, surpassing the European Central Bank's 2% target. This uptick, driven by ...; Pedro Espinola Special Correspondent 2024.11.05

Eurozone Inflation Rises Unexpectedly: Eurozone inflation unexpectedly climbed to 2% in October, according to preliminary data released by Eurostat on Thursday. This fig ...; Global Economic Times Reporter 2024.11.05

Inflation Eases Further, Fed Rate Cut Expected: Inflation in the United States continued its downward trend in September, inching closer to the Federal Reserve's 2% target. The P ...; Global Economic Times Reporter 2024.11.05

Inflation Hits Low-Income Households Hardest: Inflation has exacerbated financial challenges for Americans, particularly low-income households. As the cost of living rises, fam ...; Desk 2024.11.05

South Korea Seeks to Expand Regional Gift Certificate Use to Rural Areas: A new bill has been introduced in the South Korean National Assembly that would allow regional love gift certificates to be used a ...; Global Economic Times Reporter 2024.11.05

Hyosung Heavy Industries Secures Major Order from Ørsted for UK Offshore Wind Farm: Hyosung Heavy Industries announced on November 4th that it had secured a contract to supply ultra-high voltage electrical equipmen ...; Global Economic Times Reporter 2024.11.05

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