Global Economic Times

2025.10.22 (Wed)
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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 significant drop in its per capita Gross Domestic Product (GDP) rankin
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 17.6% in 2024, ranking it 30th out of 38 OECD member nations. This fi

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 at approximately $1.3 billion, to fund the payment of inheritance taxes

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South Korea's Total National Debt Exceeds 6,200 Trillion Won, Government Debt Shows Sharpest Increase: Seoul, South Korea – South Korea's total national debt has exceeded 6,200 trillion won, with government debt showing the mos ...; Yim Kwangsoo Correspondent 2025.03.20

Argentina's IMF Deal in Limbo, Market Uncertainty Mounts: Buenos Aires, Argentina – Just two weeks after declaring a finalized agreement with the International Monetary Fund (IMF), A ...; ONLINE TEAM 2025.03.19

Brazil Abolishes Import Tariffs on 11 Essential Food Items to Combat Inflation: Brasília, Brazil – In a strategic move to tackle rising living costs and curb inflation, the Brazilian government has ...; KO YONG-CHUL Reporter 2025.03.19

Global Inflation Drives Up Domestic Prices in South Korea, Study Finds: A recent analysis by the Korea Institute for International Economic Policy (KIEP) reveals that a 1% rise in global prices leads to ...; ONLINE TEAM 2025.03.18

Singapore's February Exports Rebound, Shrugging Off Lunar New Year Effects; Gold Demand Surges: Singapore – Singapore's core exports rebounded in February, shaking off the contraction seen during the Lunar New Year perio ...; Ana Fernanda Reporter 2025.03.18

Paraguay Seeks Diversification to Move Away from Agricultural Dependence: The Paraguayan economy is highly dependent on agricultural production. According to Waldo Gonzalez, an economic expert at Basa Cap ...; Eugenio Rodolfo Sanabria Reporter 2025.03.18

Paraguay's Economy: Warnings of an Unstable Future... Exposing Risks to Investors: In a recent report submitted to investors ahead of a bond issuance on the New York Stock Exchange, Paraguay's Ministry of Economy ...; Desk 2025.03.18

Paraguay: Sharp Rise in Prices of Essential Goods, Increasing Burden on Consumers: In Paraguayan local markets, the prices of essential goods such as tomatoes, eggs, and cheese have risen sharply in just one week, ...; Ana Fernanda Reporter 2025.03.18

Saudi Arabia's Credit Rating Upgraded, But Payment Concerns Persist: Dubai – Standard and Poor's (S&P) has upgraded Saudi Arabia's credit rating, citing the Kingdom's progress in diversifyi ...; Eugenio Rodolfo Sanabria Reporter 2025.03.18

UK Economy Unexpectedly Contracts in January, Raising Concerns Ahead of Spring Statement: LONDON – The UK economy experienced an unexpected 0.1% month-on-month contraction in January, according to official figures ...; Eugenio Rodolfo Sanabria Reporter 2025.03.17

South Korean Food Industry Hikes Prices Amidst Political Uncertainty: As South Korea anticipates the presidential impeachment ruling of Yoon Suk-yeol as early as next week, the nation’s food ind ...; Desk 2025.03.15

Gold Prices Hit Record High Amid Trump's 'Tariff War': International gold prices have surged to an all-time high, driven by the escalating 'tariff war' led by US President Donald Trump. ...; Desk 2025.03.15

Malaysia Prepares for Potential US Recession, Focuses on Domestic Economic Resilience: KUALA LUMPUR – As fears of a potential recession in the United States loom, Malaysia is intensifying efforts to bolster its ...; Desk 2025.03.14

Drones to Deliver Essentials to Island Residents in Boryeong, South Chungcheong Province: Boryeong, South Chungcheong Province – Residents of remote islands in Boryeong City, South Chungcheong Province, will soon b ...; Global Economic Times Reporter 2025.03.12

Honduras' Public Debt Exceeds $10.2 Billion in January: Tegucigalpa – Honduras' public external debt reached $10.2192 billion in January 2025, representing 25.3% of the country's G ...; Global Economic Times Reporter 2025.03.11

Paraguay's Path to Financial Inclusion: Digitalization Drives Progress, Education Remains Key: Asunción, Paraguay – Paraguay is making notable strides in expanding financial inclusion, driven by the increasing di ...; Eugenio Rodolfo Sanabria Reporter 2025.03.11

Czech Republic to Boost Defense Spending to 3% of GDP by 2030: Prague, Czech Republic – In a decisive move to bolster national security amid rising global instability, the Czech governmen ...; Desk 2025.03.10

Croatia Secures €3 Billion in Domestic Bond Issuance Amidst Robust Investor Demand: Zagreb, Croatia – Croatia's Ministry of Finance has successfully placed two domestic bond issues, totaling €3 billion ( ...; Desk 2025.03.10

Inje County Seeks Innovative Resident Ideas for Hometown Donation Fund: Inje County, South Korea, is taking a proactive approach to utilizing its Hometown Love Donation Fund by inviting residents to pro ...; Desk 2025.03.10

Singapore Boosts Defense Spending Amid Evolving Security Landscape: CHRISTCHURCH, New Zealand – Singapore has announced a significant 12.4% increase in its defense budget for FY2025, reaching ...; Ana Fernanda Reporter 2025.03.09