Global Economic Times

2026.06.07 (Sun)
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L&F Plus Secures KRW 220 Billion from National Growth Fund to Anchor South Korea’s First Mass LFP Cathode Production

SEOUL — L&F Co., a prominent South Korean pioneer in secondary battery materials, officially announced on Thursday that its wholly-owned subsidiary, L&F Plus, has been selected as the fi
Major Korean Telcos Trim Online-Exclusive Plans by Up to 50% Amid Shift to Unified Mobile Tariffs

SEOUL — South Korea’s major mobile carriers are drastically streamlining their online-exclusive service plans, reducing their lineups by 20% to 50%. This sweeping reorganization comes clos

40s Emerge as Dominant Force in Tech Leverage ETFs: Investing 3.3 Trillion Won for Double Returns

A profound shift is occurring within the South Korean equity market as investors in their 40s emerge as the primary driver of single-stock leverage exchange-traded funds (ETFs) tied to the nation'

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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

South Korea's Economic Growth Stalls, Raising Concerns Over Finance Minister's Leadership: Seoul – South Korea's economic growth has hit a snag, with the first quarter's real gross domestic product (GDP) contracting ...; Hwang Sujin Reporter 2025.04.24

South Korea to Implement Tax Deduction for Gym and Pool Memberships to Boost Fitness Participation: In a move to alleviate the financial burden of physical activity and encourage greater public participation in sports, the South K ...; Desk 2025.04.24

Egypt's Central Bank Implements First Interest Rate Cut in Five Years Amid Inflation Concerns: Cairo, Egypt - In a significant shift of monetary policy, the Central Bank of Egypt (CBE) unexpectedly slashed its benchmark inter ...; Eugenio Rodolfo Sanabria Reporter 2025.04.24

IMF Sounds Alarm for Argentina: Global Economic Slowdown Looming Amidst US Tariff Hikes: Washington D.C. - The International Monetary Fund (IMF) has issued a stark warning regarding a significant deceleration in global ...; Greace Nunez Correspondent 2025.04.22