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 Telecom Giants to Introduce Unified 5G and LTE Plans: Seoul, South Korea - South Korea's three major telecom companies, SK Telecom, KT, and LG Uplus, have agreed to introduce unified 5 ...; KO YONG-CHUL Reporter 2024.11.14

Exchange rate ‘touches’ the 1,410 won line… Import prices also rose the highest in half a year: The won-dollar exchange rate rose to the highest level in two years, exceeding the 1,410 won level during the day. As oil prices a ...; Hwang Sujin Reporter 2024.11.14

South Korea's Ruling and Opposition Parties Agree on Key Legislative Reforms: Seoul, South Korea – South Korea's ruling and opposition parties have reached a consensus on a number of key legislative ref ...; Hwang Sujin Reporter 2024.11.14

South Korea's Stock Market Plunges Amidst Trump Victory and Internal Challenges: Seoul, South Korea – South Korea’s stock market has suffered a significant decline in recent weeks, with both the KOSP ...; Hwang Sujin Reporter 2024.11.14

Jeju's Economy Faces a Rough Patch Amidst Overinvestment and Climate Change: Jeju Island, South Korea - Jeju Island, once a popular tourist destination and real estate hot spot, is now grappling with a serie ...; KO YONG-CHUL Reporter 2024.11.13

South Korea to Tighten Rules on Auto Loan Credit Card Limits: Seoul, South Korea - South Korea's financial authorities are set to tighten regulations on special credit limits for automobile pu ...; Global Economic Times Reporter 2024.11.12

South Korea Sees Surge in Subprime Lending Amid Tightening Credit: Seoul, South Korea – South Korea is experiencing a surge in subprime lending as households turn to non-bank financial instit ...; Global Economic Times Reporter 2024.11.12

South Korea's Policy-Based Finance Hits Record High, Sparking Regulatory Concerns: Seoul, South Korea – The outstanding balance of policy-based finance provided by South Korea's public financial institutions ...; Global Economic Times Reporter 2024.11.12

South Korea Legalizes Insurance Trust, Opening New Avenues for Financial Institutions: Seoul, South Korea – The Financial Services Commission (FSC) has announced that the revised Enforcement Decree of the Capita ...; Global Economic Times Reporter 2024.11.12

Shanghai Approves Merger of GuoTai Junan Securities and Haitong Securities: Shanghai, China – The Shanghai municipal government has given its approval for the merger of GuoTai Junan Securities and Hai ...; ONLINE TEAM 2024.11.11

LG Display's OLED Panels Recognized for Superior Eye Health and Sustainability: Seoul, South Korea - LG Display continues to solidify its position as a leader in the premium display market with its OLED panels, ...; Global Economic Times Reporter 2024.11.11

Samsung Electronics Hits New 52-Week Low Amidst Foreign Selling: Seoul, South Korea - Samsung Electronics, the South Korean tech giant, continued its downward trend, hitting a new 52-week low of ...; Global Economic Times Reporter 2024.11.11

South Korea's 2nd-Tier Lenders See Surge in Loans Amidst Tightening Credit: Seoul, South Korea - South Korea's second-tier lenders, including credit card companies, savings banks, and insurance companies, h ...; ONLINE TEAM 2024.11.11

Bitcoin Surpasses $80,000 for the First Time, Fueled by Trump's Pro-Crypto Stance: Bitcoin has reached a new all-time high, surpassing the $80,000 mark for the first time. This significant milestone is attributed ...; Global Economic Times Reporter 2024.11.11

Gasoline and Diesel Prices in South Korea Hit 4-Week High: The prices of gasoline and diesel in South Korea have continued to climb for the fourth consecutive week, according to data releas ...; Global Economic Times Reporter 2024.11.10

Investors' reaction to Budget 'very different' to Truss: Rachel Reeves' Budget is "very, very different" to the Liz Truss mini-Budget of two years ago, according to a senior government mi ...; Global Economic Times Reporter 2024.11.09

Interest rates cut but Bank hints fewer falls to come: UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last ...; Global Economic Times Reporter 2024.11.09

Junior doctors are striking. Should we increase their wages by a third?: Their union says that demands on doctors keep rising while their pay keeps shrinking. 2024 started off on a rather dour note, wit ...; Global Economic Times Reporter 2024.11.09

US Jobs Report Shows Unemployment Claims at Lowest Levels in 50 Years: The U.S. economy had another month of strong employment gains between mid-February and mid-March, adding 431,000 new jobs. Althoug ...; Global Economic Times Reporter 2024.11.09

“Again Trump”… Korean economic uncertainty tsunami: As the 'second term of Trump's administration' is expected to take place, attention is being paid to the impact it will have on ou ...; Global Economic Times Reporter 2024.11.07