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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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

Google (Alphabet), which announced better-than-expected earnings, surged 5% after-hours: [GLOBAL ECONOMIC TIMES] Alphabet, Google's parent company, surged 5% in after-hours trading after reporting third-quarter earning ...; Global Economic Times Reporter 2024.10.30

“Korea Aerospace, domestic business surge and performance momentum begins now”: [GLOBAL ECONOMIC TIMES] On the 30th, DB Financial Investment maintained its buy opinion on Korea Aerospace, saying that the momen ...; Global Economic Times Reporter 2024.10.30

Baek Jong-won's The Born Korea raised KRW 12 trillion in general public offering: [GLOBAL ECONOMIC TIMES] The Bourne Korea, a restaurant franchise company led by CEO Baek Jong-won, which is seeking listing on th ...; Hwang Sujin Reporter 2024.10.30

Gwangju Bank, attracting attention to foreigners, launches a check card exclusively for foreigners: [GLOBAL ECONOMIC TIMES] Gwangju Bank has launched a check card exclusively for foreigners. Gwangju Bank announced on the 29th th ...; Hwang Sujin Reporter 2024.10.30

Shinhan Bank supports growth of global future talent: [GLOBAL ECONOMIC TIMES] Shinhan Bank held the '2024 Swith (Shinhan with) Global CSR Project' event, a global environmental, socia ...; Desk 2024.10.30

Five major financial companies with net profits exceeding KRW 16 trillion “Record performance, return to value industry“: [GLOBAL ECONOMIC TIMES] The five major financial groups posted a total net profit of over 16 trillion won through the third and f ...; ONLINE TEAM 2024.10.30

Governor of the Bank of Korea: “This year’s growth rate is likely to fall to 2.2-2.3%.”: [GLOBAL ECONOMIC TIMES] Regarding this year's growth rate, Bank of Korea Governor Lee Chang-yong said on the 29th, "I think it wi ...; Global Economic Times Reporter 2024.10.30

One out of 10 small businesses in Incheon closed last year... ‘Stigma’, the highest business closure rate in the country: [GLOBAL ECONOMIC TIMES] It was found that small business owners in the Incheon region are experiencing serious difficulties amids ...; Global Economic Times Reporter 2024.10.29

Is the won-dollar exchange rate approaching 1,400 won? Bank of Korea: “Possibility of risk aversion increasing due to escalation of war in the Middle East and US presidential election”: [GLOBAL ECONOMIC TIMES] Concerns are growing that the won-dollar exchange rate, which has soared to the 1,390 won range due to Is ...; Global Economic Times Reporter 2024.10.28