Global Economic Times

2025.10.22 (Wed)
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Traffic Congestion Levy Stifles Support for Small Businesses

Seoul — The "Happy Department Store" (Haengbokhan Department Store), established by the South Korean government to support small and medium-sized enterprises (SMEs) and expand sales
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

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“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

South Korean PE Firms Face Scrutiny Over Value Creation: A recent study has revealed that South Korea's top five private equity firms have struggled to significantly boost the return on e ...; Global Economic Times Reporter 2024.11.06

US Job Market Shows Mixed Signals in October: The US labor market painted a complex picture in October, with significant job growth in certain sectors offset by substantial los ...; Global Economic Times Reporter 2024.11.06

South Korea's Foreign Exchange Reserves Shrink Amidst Strong Dollar: South Korea's foreign exchange reserves contracted by over $42 billion in October, primarily attributed to the strengthening US do ...; Global Economic Times Reporter 2024.11.05

German Inflation Surges, Economic Recovery Uncertain: German inflation unexpectedly climbed to 2.4% in October, surpassing the European Central Bank's 2% target. This uptick, driven by ...; Pedro Espinola Special Correspondent 2024.11.05

Eurozone Inflation Rises Unexpectedly: Eurozone inflation unexpectedly climbed to 2% in October, according to preliminary data released by Eurostat on Thursday. This fig ...; Global Economic Times Reporter 2024.11.05

Inflation Eases Further, Fed Rate Cut Expected: Inflation in the United States continued its downward trend in September, inching closer to the Federal Reserve's 2% target. The P ...; Global Economic Times Reporter 2024.11.05

Inflation Hits Low-Income Households Hardest: Inflation has exacerbated financial challenges for Americans, particularly low-income households. As the cost of living rises, fam ...; Desk 2024.11.05

South Korea Seeks to Expand Regional Gift Certificate Use to Rural Areas: A new bill has been introduced in the South Korean National Assembly that would allow regional love gift certificates to be used a ...; Global Economic Times Reporter 2024.11.05

Hyosung Heavy Industries Secures Major Order from Ørsted for UK Offshore Wind Farm: Hyosung Heavy Industries announced on November 4th that it had secured a contract to supply ultra-high voltage electrical equipmen ...; Global Economic Times Reporter 2024.11.05

South Korean Small Businesses Face Another Quarter of Declining Sales and Profits: A new report from Korea Credit Data (KCD) has revealed that South Korean small businesses experienced a significant decline in bot ...; Global Economic Times Reporter 2024.11.05

South Korea Faces Significant Economic Losses Due to Climate Change: A new report by the Bank of Korea, the Financial Supervisory Service, and the Korea Meteorological Administration warns that South ...; Pedro Espinola Special Correspondent 2024.11.05

SK Hynix to Accelerate HBM4 Supply for Nvidia Amidst AI Boom: SK Group Chairman Chey Tae-won revealed that Jensen Huang, CEO of Nvidia, has requested an acceleration of the supply schedule for ...; ONLINE TEAM 2024.11.05

Las tasas de interés de los depósitos bancarios se reducen una tras otra... las tasas de interés de los préstamos están aumentando: Después del recorte de la tasa de interés básica del Banco de Corea, los bancos han estado reduciendo las tas ...; ONLINE TEAM 2024.11.03

Agricultural Cooperatives Called to Strengthen Social Services to Combat Rural Decline: As rural decline emerges as a pressing social issue, calls for agricultural cooperatives to strengthen their role as the focal poi ...; Global Economic Times Reporter 2024.11.02

“Government tax cut benefits, when middle- and low-income earners increase by 6.8%, high-income earners increase by 9.9%.”: An analysis showed that while the benefits received by middle- and low-income earners over five years due to the government's tax ...; ONLINE TEAM 2024.10.31

Delivery app win-win council agrees to meet again until the end, differing opinions on commission rate: The win-win consultative body between the delivery platform and the store company, which aims to come up with a win-win plan such ...; Global Economic Times Reporter 2024.10.31

Kim Jong-guk, the ‘salty man’ who washes wet tissues, receives a presidential commendation: [GLOBAL ECONOMIC TIMES] Singer and broadcaster Kim Jong-guk, famous for being a ‘salty guy,’ received a presidential ...; Hwang Sujin Reporter 2024.10.30

“What should I do about signing up for a rental deposit?” Sudden suspension of HUG capital expansion: [GLOBAL ECONOMIC TIMES] According to the Ministry of Land, Infrastructure and Transport on the 29th, HUG suddenly halted procedur ...; Hwang Sujin Reporter 2024.10.30

Price Association: “Kimchi for a family of four costs 420,000 won… 20% more than last year.”: [GLOBAL ECONOMIC TIMES] Due to the strong prices of vegetables such as cabbage and radish, an analysis showed that the cost of ki ...; Global Economic Times Reporter 2024.10.30