Global Economic Times

2025.12.10 (Wed)
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KOTRA Secures Record $700M Budget for 2026, Spearheading Export Growth and Economic Security

SEOUL, South Korea – The Korea Trade-Investment Promotion Agency (KOTRA) is gearing up for a major push in national export and economic security, announcing a record-breaking budget for the upco
Musk's SpaceX Valuation Soars to Up to 800 Billion USD, Claiming Title as World's Most Valuable Private Company

(C) UNN.ua Elon Musk's space exploration company, SpaceX, is reportedly poised to reach a staggering valuation of up to $800 billion (approximately 1,180 trillion KRW), a figure that would cement

Economists Predict Another Fed Rate Cut Ahead of Final FOMC of the Year

(C) Coinpedia SEOUL - The U.S. Federal Reserve (Fed) is set to convene its final Federal Open Market Committee (FOMC) meeting of the year on December 9-10 (local time) to determine the benchmark inter

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Euro Plunges Amidst Strong Dollar and Economic Uncertainties: The euro has hit its lowest level against the dollar in nearly two years, as concerns over a potential global recession and the im ...; Graciela Maria Reporter 2024.11.25

Samsung Electronics Buys Back $7.17 Billion in Shares Amid Shareholder Pressure: Seoul, South Korea – Samsung Electronics has announced a $7.17 billion share buyback program, aiming to boost its sagging st ...; Desk 2024.11.25

A Massive Logistics Facility with a Next-Generation Drone Technology R&D Center Opens in Itabashi-ku, Tokyo: A grand opening ceremony was held on October 2nd for a massive logistics facility equipped with a next-generation drone technology ...; Ana Fernanda Reporter 2024.11.25

Bolivia Opens Up Its Fuel Market to Private Competition: La Paz, Bolivia – In a significant move to liberalize its energy sector, the Bolivian government has finalized a decision to ...; Ana Fernanda Reporter 2024.11.23

South Korea's Overseas Assets Hit Record High as 'Retail Investors' Fuel Overseas Investments: Seoul, South Korea – South Korea's net foreign assets have surpassed $900 billion for the first time, marking a historic hig ...; Desk 2024.11.20

AliExpress and Temu Face Backlash Over Unsafe Products: Seoul, South Korea – A recent crackdown by South Korean authorities has revealed a significant number of unsafe products bei ...; Hwang Sujin Reporter 2024.11.20

FBM KLCI Opens Higher on Wall Street Cues, Optimism Over China's Support for Hong Kong: The FTSE Bursa Malaysia KLCI (FBM KLCI) opened 2.57 points higher at 1,604.91, slightly up from the previous day's close of 1,602. ...; KO YONG-CHUL Reporter 2024.11.20

Paraguay Government Faces Backlash Over Abandoned Administrative Building: Asunción, Paraguay - The Paraguayan government is facing mounting criticism for its mismanagement of a large administrative ...; Graciela Maria Reporter 2024.11.19

South Korea's E-commerce Giants Engage in Fierce Speed Delivery War: Seoul, South Korea – The race for faster delivery speeds in South Korea has intensified as major e-commerce players and reta ...; ONLINE TEAM 2024.11.17

South Korean Food Delivery Apps Reach Partial Agreement on Fee Cuts: Seoul, South Korea – After months of negotiations, South Korea's major food delivery platforms, Baemin and Coupang Eats, hav ...; Hwang Sujin Reporter 2024.11.15

Samsung Electronics Plunges to New Lows Amidst Growing Concerns: Seoul, South Korea – Samsung Electronics, South Korea's tech giant, has seen its stock price plummet to a new 52-week low, f ...; KO YONG-CHUL Reporter 2024.11.15

Coffee Prices Soar as Dongsuh Foods and Starbucks Hike Costs: Seoul, South Korea – The South Korean food and beverage industry is bracing for a potential domino effect of price increases ...; KO YONG-CHUL Reporter 2024.11.14

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