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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Jeju Economic Awards Honors Top Businesses: Jeju City, South Korea – The prestigious Jeju Economic Awards ceremony was held on the 26th at the Jeju Chamber of Commerce ...; Desk 2024.12.28

Philippine Inflation Expected to Remain Low in December: MANILA – Headline inflation in the Philippines is projected to remain subdued at around 2.6 percent in December, staying com ...; Graciela Maria Reporter 2024.12.26

Soaring Dollar and Natural Gas Prices Fuel Inflation Fears in South Korea: Seoul, South Korea – South Korea is grappling with rising inflation as the won has plummeted to a 15-year low against the US ...; Hwang Sujin Reporter 2024.12.26

Egg Prices Soar in South Korea, Government Prepares Subsidies: Seoul, South Korea – Egg prices in South Korea are set to hit a three-year high, surpassing 7,000 won per 30-egg carton, as ...; Hwang Sujin Reporter 2024.12.26

Bank of Korea Signals Further Interest Rate Cuts Amid Economic Uncertainty: Seoul, South Korea – The Bank of Korea (BOK) has indicated its intention to further lower the benchmark interest rate next y ...; Global Economic Times Reporter 2024.12.26

Peruvian Economy Minister Hints at Minimum Wage Hike Before New Year: Lima, Peru – Peru's Minister of Economy and Finance, José Arista, indicated on Monday that a minimum wage increase is ...; Graciela Maria Reporter 2024.12.24

South Korea's Wealth Gap Widens as Ultra-High-Net-Worth Individuals Surge: Seoul, South Korea – South Korea's wealth gap continues to widen, as a growing number of ultra-high-net-worth individuals (U ...; Desk 2024.12.22

Peru's Central Bank Raises 2024 Growth Forecast: Lima, Peru – The Central Reserve Bank of Peru (BCRP) has raised its economic growth forecast for 2024 from 3.1% to 3.2%. "T ...; Desk 2024.12.22

Bank of Korea Vows to Stabilize Markets Amidst Rising Volatility: Seoul, South Korea – The Bank of Korea (BOK) has pledged to take swift action to stabilize domestic financial and foreign ex ...; KO YONG-CHUL Reporter 2024.12.19

Foreign Investors Dump Korean Stocks Amidst Political Uncertainty: Seoul, South Korea – The South Korean stock market experienced a significant downturn on Friday, with the KOSPI index plungi ...; KO YONG-CHUL Reporter 2024.12.18

Early Withdrawals from Retirement Funds Soar Amid Housing Market Crunch: Seoul, South Korea – Early withdrawals from retirement funds surged to a four-year high in 2023, primarily driven by individ ...; ONLINE TEAM 2024.12.17

Soaring Food Prices Hit Koreans Hard: Seoul, South Korea – The cost of eating out in South Korea has reached a new high, with prices of popular dishes rising by a ...; Hwang Sujin Reporter 2024.12.16

TSMC's Dominance to Continue: 25% Revenue Growth Forecast for 2024: Taiwan Semiconductor Manufacturing Company (TSMC) is poised to further solidify its position as the world's leading semiconductor ...; Graciela Maria Reporter 2024.12.15

Hungary's Tax Reforms Drive Economic Growth and Digital Innovation: Budapest, Hungary – Finance Minister Mihály Varga recently highlighted Hungary's significant strides in establishing ...; KO YONG-CHUL Reporter 2024.12.14

Kendari Tourism Office Hopes Photo Exhibition Sparks Creative Economy: Kendari, Indonesia – The Kendari City Tourism and Creative Economy Agency (Disparekraf) is optimistic that the recent Celebe ...; Desk 2024.12.13

Egypt Embraces Digital Future: Apple Pay and Tokenization Revolutionize Payments: Cairo, Egypt – A significant stride towards a cashless society has been taken in Egypt with the launch of Apple Pay and the ...; Global Economic Times Reporter 2024.12.13

South Korea's Import Prices Rise Despite Falling Oil Prices: Seoul, South Korea – Despite a decline in international oil prices last month, South Korea's import prices rose 1.1% in Nove ...; Hwang Sujin Reporter 2024.12.13

Non-Banking Lenders See Surge in Household Loans Amid Overall Slowdown: Seoul – While household lending across South Korea’s financial sector has continued its upward trajectory for the eigh ...; KO YONG-CHUL Reporter 2024.12.12

Won-Dollar Exchange Rate Soars Amid Political Uncertainty, Raising Concerns Over Foreign Exchange Reserves: Seoul – The South Korean won has weakened significantly against the U.S. dollar following the declaration of martial law on ...; KO YONG-CHUL Reporter 2024.12.12

Egypt's Inflation Slows but Remains High: Cairo, Egypt – Egypt’s annual urban consumer price inflation rate eased slightly in November, reaching 25.5% from 26.5 ...; Ana Fernanda Reporter 2024.12.11