Global Economic Times

2026.04.22 (Wed)
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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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Paraguay: Vegetable and Fruit Prices Soar 30% in 5 Months, Raising Concerns of Prolonged High Inflation: In Paraguay, the prices of vegetables and fruits have surged by an average of over 30% in the past five months, placing a signific ...; Global Economic Times Reporter 2025.05.06

Asian Markets Mixed Amid US-China Trade Uncertainty; Australian Shares Decline on Westpac Earnings Miss: Asian stock markets exhibited a generally subdued performance on Monday, trading within a narrow range as investors cautiously mon ...; Global Economic Times Reporter 2025.05.05

IMF Downgrades South Korea's Economic Outlook: $40,000 Per Capita GDP Delayed to 2029: A recent report from the International Monetary Fund (IMF) has cast a shadow over South Korea's economic trajectory, pushing back ...; Kim Sungmoon Reporter 2025.05.05

Paraguay's April Inflation Slows to 0.4%, Cumulative 3% Records Persistent Pressure: The Central Bank of Paraguay (BCP) announced last month through a press conference that the inflation rate for April 2025 recorded ...; KO YONG-CHUL Reporter 2025.05.04

Wall Street Trades with Losses After Unexpected Contraction of the US GDP: New York – Wall Street experienced a downturn on Wednesday as major indices registered losses following the release of data ...; Greace Nunez Correspondent 2025.05.03

U.S. Economy Stumbles with Unexpected Q1 GDP Contraction Amid Tariff Fallout: Washington D.C. – The United States economy has delivered a significant shock, reporting a contraction of 0.3% in its Gross ...; Pedro Espinola Special Correspondent 2025.05.03

Daejeon Boosts Digital Inclusion with Enhanced Assistive Technology Support for People with Disabilities: DAEJEON, SOUTH KOREA – Daejeon Metropolitan City has announced an ambitious initiative to bolster digital inclusion for its ...; Hwang Sujin Reporter 2025.05.03

Cheonan City Launches Intensive Crackdown on Delinquent Local Taxes to Bolster Fiscal Stability: Cheonan City, South Korea – Cheonan City has announced a robust initiative to aggressively pursue the collection of outstand ...; JEONG CHAN MYEONG Senior Reporter 2025.05.03

Cheonan City Boosts Green Mobility with Electric Motorcycle Subsidies, Incentivizing Scrappage of Polluting Vehicles: Cheonan, South Korea – In a proactive move to combat air pollution and foster a greener urban environment, Cheonan City has ...; HONG MOON HWA Senior Reporter 2025.05.03

Philippine April Inflation Expected to Slightly Increase, Impacted by Electricity and Public Transportation Fare Hikes: MANILA, Philippines – The Philippines' April consumer price index (CPI) inflation rate is expected to have slightly increase ...; Hwang Sujin Reporter 2025.05.03

South Korea's Parliament Approves 13.8 Trillion Won Supplementary Budget Amid Political Wrangling: Seoul, South Korea - The South Korean National Assembly has passed a 13.8 trillion won (approximately $10.1 billion USD) supplemen ...; Desk 2025.05.01

Hyundai Drives into North American Logistics with New Hydrogen Truck and Charging Infrastructure: ANAHEIM, CA – Hyundai Motor Company is making a significant push into the burgeoning North American zero-emission commercial ...; Desk 2025.04.30

Trace Cesium Halts Japanese Nut Import to South Korea: SEOUL, South Korea – Import procedures for processed peanuts and nuts from Japan have been halted after minute traces of rad ...; Desk 2025.04.28

IMF Downgrades South Korea's Path to $40,000 Per Capita GDP, Citing Global Uncertainties: SEOUL - South Korea's ascent to a $40,000 per capita GDP milestone is expected to take longer than previously anticipated, accordi ...; KO YONG-CHUL Reporter 2025.04.28

South Korean Self-Employed Face Mounting Debt Amid Economic Slump: SEOUL - South Korea's self-employed sector is facing a growing financial strain, with debt levels soaring to over three times thei ...; Desk 2025.04.28

Itaipu 'Slept' Through Real Depreciation, Resulting in ₩200 Billion Loss?: Economist Gladys Benegas Points to Poor Financial Management Overlooking Exchange Rate Risk: A controversy is brewing over claims that Itaipu Binacional (hereinafter referred to as Itaipu), a joint hydroelectric power plant ...; Desk 2025.04.28

Taiwan's Export Growth Projected to Remain Robust Amidst Trade Dynamics: The Taiwan-based think tank, the Chung-Hua Institution for Economic Research (CIER), has released a projection indicating that Tai ...; Ana Fernanda Reporter 2025.04.27

South Korea and U.S. Launch Full-Scale Trade Talks Amidst High-Stakes Tariff Dispute: Washington D.C. – South Korea and the United States have officially commenced comprehensive trade negotiations following a p ...; Desk 2025.04.27

Credit Rating Agency Warns of Challenges for Paraguay's Banking System: ASUNCIÓN, Paraguay – International credit rating agency Fix SCR recently issued a report warning that Paraguay's bank ...; Eugenio Rodolfo Sanabria Reporter 2025.04.25

Paraguay's Central Bank Holds Key Interest Rate at 6.00% for 13th Consecutive Month: ASUNCIÓN – The Central Bank of Paraguay (BCP) announced yesterday, following a meeting of its Monetary Policy Committ ...; Desk 2025.04.25