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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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

Colombia's Economy Sees Inflation Rebound, Challenging Central Bank Goals: This Friday, the Colombian economy received unwelcome news. The cost of living, measured by the Consumer Price Index (CPI), experi ...; Graciela Maria Reporter 2025.03.09

Honduras' Fiscal Outlook Improves as External Debt Shows Slight Decline: Tegucigalpa, Honduras – The Central Bank of Honduras (BCH) has released data indicating a slight improvement in the nation's ...; Ana Fernanda Reporter 2025.03.09

Texas Bill Proposes Criminalizing Transgender Identity, Sparking Outrage: Austin, TX – A controversial bill introduced in the Texas House of Representatives this week has ignited a firestorm of crit ...; Hannah Yeh Reporter 2025.03.09

South Korea's Consumer Prices Continue to Rise, Living Costs Surge to a 7-Month High: South Korea's consumer prices have risen for the second consecutive month, reaching the 2% range, fueling concerns about inflation ...; Min Gyu Mi Reporter 2025.03.07

South Korea Significantly Expands R&D Support for Foreign Investors, Accelerating Efforts to Become a Global Advanced Technology Hub: Seoul, South Korea – The South Korean government has announced a substantial increase in R&D support for foreign direct ...; Global Economic Times Reporter 2025.03.06

South Korea's GNI Growth Stalls Amidst Currency Volatility, Economic Concerns Persist: Seoul, South Korea – South Korea's per capita Gross National Income (GNI) saw a modest increase of 1.2% in 2024, reaching $3 ...; Desk 2025.03.06

South Korea's GNI per Capita Rises 1.2% in 2023, Marking Second Consecutive Year of Growth: According to data released by the Bank of Korea, South Korea's Gross National Income (GNI) per capita reached $36,624 in 2023, a 1 ...; KO YONG-CHUL Reporter 2025.03.05

South Korea Establishes 50 Trillion Won Fund to Support Advanced Strategic Industries: The South Korean government has announced the establishment of a 50 trillion won fund to support advanced strategic industries, in ...; Desk 2025.03.05

Homeplus Pushed Out by Online Shopping... January Transaction Amount Alone Reaches 21.8 Trillion Won: While Homeplus, the second-largest hypermarket in South Korea, has entered corporate rehabilitation proceedings due to deteriorati ...; KO YONG-CHUL Reporter 2025.03.05

BNK Busan Bank Launches Upgraded 'REX II' Card with Enhanced Benefits: Busan, South Korea – March 4, 2025 – BNK Busan Bank has announced the launch of its new 'REX II' credit card, designed ...; Desk 2025.03.04

It was called ‘Golden Squid’ and even the seeds were dried… Seeing how much squid costs is ‘beyond imagination’: Housewife Kim Ga-young, 40s, was recently shocked during a trip to the mart. The price of squid was higher than she thought. Kim l ...; Hwang Sujin Reporter 2025.03.04