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 Stock Market Plunges Amid Impeachment Crisis: Seoul, South Korea – South Korea's stock market experienced a significant downturn on [Date] as the nation grapples with a d ...; Desk 2024.12.06

South Korea's Real GNI Rises Amidst Slowing Growth: Seoul, South Korea – South Korea's real gross national income (GNI), a measure of a nation's total income, increased by 1.4% ...; JEONG CHAN MYEONG Senior Reporter 2024.12.05

South Korea Unveils Small Business Support Package Amidst Political Turmoil: Seoul, South Korea – Despite the ongoing political upheaval following the declaration of a state of emergency, the South Kor ...; Desk 2024.12.05

South Korea's Housing Market Cools Amid Tightening Regulations: Seoul, South Korea – South Korea's housing market is experiencing a significant downturn, marked by a continuous decline in ...; Desk 2024.12.05

South Korea Tightens Rules on Year-End Tax Settlements: Seoul, South Korea – South Korea's National Tax Service (NTS) has announced a significant overhaul of its year-end tax settl ...; Desk 2024.12.05

Consumer Prices Rise as Food Costs Soar, Despite Falling Oil Prices: Seoul, South Korea – South Korea's consumer prices continued to climb in November, marking the third consecutive month of in ...; ONLINE TEAM 2024.12.04

New York Stocks Close Mixed Amid South Korean Political Turmoil: New York, NY – Major U.S. stock indices closed mixed on Wednesday as investors grappled with the fallout from South Korean P ...; Global Economic Times Reporter 2024.12.04

Hungary to Resume Large-Scale Infrastructure Investments in 2025: Budapest, Hungary – The Hungarian government has announced plans to reinvigorate its infrastructure investment program in 20 ...; Ana Fernanda Reporter 2024.12.03

Daejeon Launches First Public Investment Firm to Boost Startup Ecosystem: Daejeon, South Korea – Daejeon City has successfully registered Daejeon Investment Finance Co., Ltd. as a new technology-bas ...; HONG MUN HWA Senior Reporter 2024.12.02

Orion Confronts Backlash Over Selective Price Hikes: Seoul, South Korea – Orion, a leading South Korean confectionery company, is facing mounting criticism for its recent decisi ...; Global Economic Times Reporter 2024.12.02

South Korean Firms Brace for Tough Times, Half to Cut Costs in 2025: Seoul, South Korea – A recent survey conducted by the Korea Employers Federation (KEF) has revealed that nearly half of Sout ...; Hwang Sujin Reporter 2024.12.02

Singapore Government to Provide Cash Assistance and Medisave Bonuses: Singapore – The Singapore government has announced a comprehensive assistance package to alleviate the cost of living and su ...; Ana Fernanda Reporter 2024.12.01

Foreigners Own Nearly 100,000 Homes in South Korea: Seoul, South Korea – The Ministry of Land, Infrastructure and Transport released a report on November 29th, revealing that f ...; ONLINE TEAM 2024.11.30

South Korea Sees Rise in Household Income and Savings in Q3: Seoul, South Korea – South Korea's households experienced a boost in both income and savings in the third quarter of 2024, a ...; ONLINE TEAM 2024.11.29

Kbank to Temporarily Suspend Services for System Upgrade: Kbank, a leading digital bank in South Korea, announced on [date] that it will temporarily suspend its services from 0:00 AM to 8: ...; Hwang Sujin Reporter 2024.11.29

EDB Advances Key Projects in Central Asia: Investments, Water Management, and Energy Transition: Nikolai Podguzov, Chairman of the Management Board of the Eurasian Development Bank (EDB) and a member of Kazakhstan's Foreign Inv ...; Ana Fernanda Reporter 2024.11.29

Yomiuri Shinbun to Launch New Stock Index, Yomiuri 333: Tokyo, Japan – The Yomiuri Shinbun, a major Japanese newspaper, announced plans to launch a new stock index called "Yomiuri ...; ONLINE TEAM 2024.11.28

Taiwan's Economy Shows Signs of Slowdown Despite AI Boom: Taipei, Taiwan – Taiwan’s National Development Council (NDC) has reported that the country’s economic monitoring ...; Hwang Sujin Reporter 2024.11.28

Ringgit Strengthens Against US Dollar Amidst Fed Rate Hike Uncertainty: The Malaysian ringgit has strengthened against the US dollar, buoyed by a more dovish-than-expected Federal Reserve meeting minute ...; Global Economic Times Reporter 2024.11.28

Philippines Records Budget Surplus in October, Cuts Annual Deficit: Manila, Philippines – The Philippine government has reported a budget surplus of 6.3 billion pesos in October, a significant ...; Global Economic Times Reporter 2024.11.28