Global Economic Times

2026.04.23 (Thu)
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Naphtha Prices Skyrocket 68%: South Korea Braces for Producer Price Surge

South Korea’s production costs have hit a fever pitch as the Producer Price Index (PPI) extended its climbing streak for a seventh consecutive month. Driven by a volatile surge in international
Gov't Launches 'One-Team' Initiative to Transform Regional Airports into Tourism Hubs

The South Korean government has officially embarked on a collaborative effort to transform regional airports into strategic gateways for international tourism. By integrating airport infrastructure wi

From Safety Drivers to Fully Autonomous: South Korea to Launch First Unmanned Trucking Service in June

SEOUL — The landscape of South Korea’s logistics industry is set for a historic shift this summer. Starting in June, autonomous trucks will officially begin transporting commercial freight

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Japan's Consumer Sentiment Sours Amid Rising Prices: Tokyo, Japan – Japanese consumer sentiment took a hit in January, according to a government survey released on [date]. The C ...; Global Economic Times Reporter 2025.01.29

Daejeon City Takes Action to Stabilize Prices and Boost Traditional Markets: Daejeon, South Korea – In a proactive move to stabilize prices and revitalize traditional markets ahead of the Lunar New Yea ...; HONG MOON HWA Senior Reporter 2025.01.27

South Korean Companies Offer Mixed Performance Bonuses Amidst Industry Fluctuations: Seoul, South Korea – As the highly anticipated annual performance bonus season arrives in South Korea, employees of various ...; Global Economic Times Reporter 2025.01.26

South Korea's National Pension System Faces Sustainability Concerns as Younger Generations Face Lower Retirement Benefits: Seoul, South Korea – A recent government projection reveals a bleak outlook for South Koreans born in the mid-1990s, who are ...; ONLINE TEAM 2025.01.26

South Korea Unveils Measures to Revitalize Stagnant Construction Industry: Seoul, South Korea – The South Korean Ministry of Land, Infrastructure and Transport (MOLIT) announced a comprehensive plan ...; Global Economic Times Reporter 2025.01.26

IMF Chief Warns of Lingering Inflation Despite Economic Growth: Davos, Switzerland – Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has cautioned tha ...; Yim Kwangsoo Correspondent 2025.01.25

Peruvians with Higher Incomes Can Now Deduct More from Taxes: Lima, Peru – In a move to stimulate the economy and provide tax relief for individuals, the Peruvian tax authority, SUNAT, h ...; Pedro Espinola Special Correspondent 2025.01.22

LH to Fast-Track Public Housing Projects Amidst Economic Downturn: Seoul, South Korea – Despite facing a turbulent political climate and a deepening economic recession, Korea Land and Housing ...; Desk 2025.01.20

Jeonju International Film Festival to Boost Local Economy and Small Businesses: Jeonju, South Korea – The Jeonju International Film Festival is set to play a more active role in revitalizing the local eco ...; Hwang Sujin Reporter 2025.01.16

Bank of Korea Holds Rates Amidst Political Turmoil and Economic Uncertainty: Seoul, South Korea – The Bank of Korea (BOK) has decided to keep its benchmark interest rate unchanged at 3.00%, citing conc ...; Global Economic Times Reporter 2025.01.16

South Korea's Housing Market Faces Steep Decline Amidst Economic Uncertainty: Seoul, South Korea – South Korea's housing market is experiencing a significant downturn, according to a recent survey by th ...; Global Economic Times Reporter 2025.01.16

KOSDAQ Firms Face Scrutiny Amid Disclosure Lapses: Seoul, South Korea – The Korea Exchange (KRX) has reported a sharp increase in non-compliant disclosures by companies listed ...; Global Economic Times Reporter 2025.01.14

Daejeon City Launches Initiative to Revitalize Local Businesses: Daejeon, South Korea – In a bid to alleviate the severe challenges faced by local businesses, Daejeon city has announced a c ...; HONG MOON HWA Senior Reporter 2025.01.14

Dried Laver Prices Soar Amidst Global Demand: Seoul, South Korea – The price of dried laver, a staple in Korean cuisine, has surged dramatically in the past year, putting ...; Global Economic Times Reporter 2025.01.13

Culture Fit and Employer Branding Top HR Concerns in 2025: In a survey of 707 HR professionals conducted by Incruit, "culture fit" emerged as the top HR concern for 2025. This trend, which ...; Global Economic Times Reporter 2025.01.12

South Korea's Corporate Giants Face Market Downturn: Seoul, South Korea – South Korea's largest conglomerates experienced a significant decline in their market capitalization la ...; Global Economic Times Reporter 2025.01.12

South Korea Achieves $1 Trillion Milestone in Overseas Construction Orders: Seoul, South Korea – South Korea's Ministry of Land, Infrastructure and Transport announced on 9th that the country’s ...; Global Economic Times Reporter 2025.01.12

Nepal's Inflation Rises, but Economic Indicators Remain Positive: Kathmandu, Nepal - Consumer price inflation in Nepal has risen to 6.05 percent in mid-December 2024, up from 4.95 percent a year a ...; Eugenio Rodolfo Sanabria Reporter 2025.01.11

Gimhae’s Mega-Events Generate Over 1 Trillion Won in Economic Impact: Gimhae, South Korea – A recent study conducted by the Gimhae Research Institute has revealed that three major events held in ...; Global Economic Times Reporter 2025.01.11

Winter Vegetable Shortages Hit Jeju Island: Jeju, South Korea – A severe shortage of winter vegetables is plaguing Jeju Island, largely due to last year’s extreme ...; Global Economic Times Reporter 2025.01.10