Global Economic Times

2025.12.08 (Mon)
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Seoul's 'Insane Rent' Warning: Why $30,000 Monthly Rent is a Looming Threat Residential Crisis Deepens as Tourist Housing Conversion Hits Supply

(C) Pixabay A severe shortage of residential properties, particularly in Seoul, is fueling a surge in conversion of urban housing into tourist accommodations, raising alarm bells over a potential &q
Banks Eye Digital Assets: Woori Bank Displays Bitcoin Price in Dealing Room

(C) The Gulf Independent SEOUL, South Korea—In a clear sign that traditional financial institutions are beginning to seriously integrate digital assets into their core operations, Woori Bank ha

US Layoffs Surge: Over 1.17 Million Job Cuts Announced in First 11 Months of 2025

(C) Visual Capitalist New York — US employers have announced more than 1.17 million job cuts from January through November of this year, a sharp 54% increase compared to the same period last

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High-Stakes Standoff: Incheon Airport Duty-Free Rebid Sees 'Prudent Bidding' Take Center Stage: SEOUL — A fierce, yet cautious, battle is brewing among duty-free operators over the upcoming re-tender for prime retail spa ...; Desk 2025.11.02

Gyeonggi Governor Kim Dong-yeon Secures ₩9.5 Trillion Investment for Hwaseong International Theme Park, Touting it as a ‘Long-Awaited Dream’: SEOUL/BOSTON – Gyeonggi Province Governor Kim Dong-yeon has successfully ramped up investment for the long-stalled Hwaseong ...; Hwang Sujin Reporter 2025.10.30

Norway's Sovereign Wealth Fund Posts Strong 5.8% Return in Q3, Driven by Equities: The world's largest sovereign wealth fund, the Government Pension Fund Global (GPFG) of Norway, reported a robust return of 5.8% f ...; Global Economic Times Reporter 2025.10.30

Nvidia Hits $5 Trillion Valuation, Cementing AI Dominance: NEW YORK, NY — Nvidia, the undisputed champion of the artificial intelligence boom, crossed the unprecedented $5 trillion ma ...; Global Economic Times Reporter 2025.10.30

Samsung Electronics Breaks KRW 100,000 Barrier, Market Cap Surpasses KRW 600 Trillion on Lee Jae-yong's Third Anniversary: SEOUL – Samsung Electronics, a bellwether stock for South Korea, has finally breached the symbolic KRW 100,000 mark for the ...; Global Economic Times Reporter 2025.10.27

Traffic Congestion Levy Stifles Support for Small Businesses: Seoul — The "Happy Department Store" (Haengbokhan Department Store), established by the South Korean government to support s ...; Desk 2025.10.22

South Korea's Per Capita GDP Slump: Taiwan Expected to Overtake for the First Time in 22 Years: SEOUL—South Korea's economic standing is facing a potential setback as the International Monetary Fund (IMF) projects a sign ...; Desk 2025.10.20

South Korea 'Trapped': OECD Shock as Tax Revenue Plummets: SEOUL—South Korea faces a dire economic warning, with its ratio of tax revenue to Gross Domestic Product (GDP) plummeting to ...; Desk 2025.10.19

Samsung Heiresses to Sell $1.3 Billion Worth of Samsung Electronics Shares for Inheritance Tax: SEOUL – The controlling family of Samsung Group is set to dispose of a massive block of Samsung Electronics shares, valued a ...; Global Economic Times Reporter 2025.10.19

The Shadow Banking Nexus: A New Crisis Epicenter: The IMF identifies the non-bank financial sector (NBFI)—or 'shadow banking'—as the most significant structural threat ...; Eugenio Rodolfo Sanabria Reporter 2025.10.19

REGIONAL BANK STOCKS REBOUND AS MOODY'S DISMISSES 'SYSTEMIC RISK,' YET OPAQUE PRIVATE CREDIT MARKET CONCERNS PERSIST: U.S. regional bank stocks, including Jefferies, Zions Bancorp, and Western Alliance, staged a significant rebound on October 17 fo ...; Ana Fernanda Reporter 2025.10.19

S. Korea and U.S. Near Trade Deal: Currency Swap with Treasury Eyed to Cushion $350 Billion Investment: SEOUL/WASHINGTON D.C. — South Korea and the United States are reportedly in the final stages of negotiations over a trade ag ...; Desk 2025.10.17

U.S.-Korea Tariff Talks Near Conclusion as Seoul Mobilizes Top Economic Team: WASHINGTON, D.C. — The protracted trade negotiations between the United States and South Korea appear to be nearing a breakt ...; Global Economic Times Reporter 2025.10.16

KOSPI Soars to Record High, Market Cap Breaches KRW 3,000 Trillion for the First Time: SEOUL – South Korea's benchmark stock index, the KOSPI, achieved a historic milestone on Wednesday, October 15, surpassing t ...; KO YONG-CHUL Reporter 2025.10.16

OpenAI's $7 Trillion Vision Becomes Reality: Altman's Mega-AI Infrastructure Drive: What was once dismissed as a flights of fancy has rapidly materialized into one of the most significant industrial projects of the ...; Hwang Sujin Reporter 2025.10.15

KOSPI's Unexpected Resilience: A Silver Lining in Global Trade Storm: Seoul, South Korea - Global financial markets experienced a sharp sell-off following a significant escalation in the U.S.-China tr ...; Eugenio Rodolfo Sanabria Reporter 2025.10.13

Cocoa Futures Plunge 50% from Peak, Signaling Potential Chocolate Price Relief: SEOUL, South Korea—The international market price for cocoa beans has plummeted, dropping by nearly 50% from its peak and re ...; Desk 2025.10.12

New York Stock Market Plunges on Trump's Threat of Tariffs on China... Tech Stocks Crash, International Oil Prices Hit a 5-Month Low: Major indices on the New York stock market fell across the board on the 10th (local time), expressing concern over the re-ignition ...; KO YONG-CHUL Reporter 2025.10.11

Bitcoin Plummets Below $110,000 Mark, Hit Directly by 'Escalating US-China Trade Tensions': Bitcoin, the market leader in the cryptocurrency market, has dropped significantly below the $110,000 mark due to the escalating t ...; Global Economic Times Reporter 2025.10.11

Trump's Tariff Scare Reignites Financial Market Panic as Won/Dollar Exchange Rate Breaks 1,430 Again: The warning from U.S. President Donald Trump about a massive increase in tariffs on China immediately sent a shockwave through the ...; Hwang Sujin Reporter 2025.10.11

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