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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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

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