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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Anyang City to Boost Local Economy with Additional Regional Currency: Anyang, South Korea – Anyang City has announced a plan to inject 500 billion won (approximately US$375 million) into its loc ...; KO YONG-CHUL Reporter 2025.01.10

Government and Ruling Party Collaborate to Stabilize Prices and Boost Consumption for Lunar New Year: Seoul, South Korea – In preparation for the upcoming Lunar New Year holiday, the South Korean government and the ruling part ...; Hwang Sujin Reporter 2025.01.09

Banks Ease Mortgage Restrictions, But Borrowers Face Limitations: Seoul, Korea – Despite recent moves by major banks to loosen mortgage lending restrictions, the actual impact on borrowers r ...; Global Economic Times Reporter 2025.01.08

Savings Banks and Capital Companies Face Tough Year Amidst PF Defaults: Seoul, South Korea – South Korean savings banks and capital companies are expected to face another challenging year in 2025, ...; Desk 2025.01.08

Small Businesses in South Korea Face Growing Challenges Amid Economic Uncertainty: Seoul, South Korea – A recent survey conducted by the Federation of SMEs (Federation of Small and Medium Enterprises) has re ...; ONLINE TEAM 2025.01.08

Busan Launches 'Good Payment' Campaign to Revitalize Local Economy: Busan, South Korea – In a bid to stimulate its struggling local economy, Busan Metropolitan City has initiated a relay pre-p ...; Hwang Sujin Reporter 2025.01.07

Soaring Vegetable Prices Ahead of Lunar New Year in South Korea: Seoul, South Korea – As South Korea prepares for the Lunar New Year, a traditional holiday marked by family gatherings and f ...; Hwang Sujin Reporter 2025.01.05

South Korea’s National Pension Service Faces Backlash Over Foreign Exchange Hedging: Seoul, South Korea - Amid growing concerns over a continued surge in the won-dollar exchange rate, the National Pension Service (N ...; HONG MOON HWA Senior Reporter 2025.01.05

South Korea Faces Economic Storm, Government Warns: Seoul, South Korea – South Korea is bracing for a significant economic slowdown this year, with the government forecasting a ...; Global Economic Times Reporter 2025.01.03

South Koreans Face Growing Anxiety Over Retirement Security: Seoul, South Korea – A recent survey conducted by Money Today and Gallup Korea has revealed deep-seated concerns among South ...; Global Economic Times Reporter 2025.01.02

Construction Industry Drives Economic Growth in Korea: Seoul, South Korea – A new study by the Korea Institute for Industrial Economics and Trade (KIET) has revealed that the cons ...; Global Economic Times Reporter 2025.01.02

Central Bank of Libya Launches Financial Literacy Campaign to Boost "One Pay" Usage: Tripoli, Libya - The Central Bank of Libya (CBL) has embarked on a series of financial awareness programs aimed at educating the p ...; Pedro Espinola Special Correspondent 2025.01.01

Soaring Exchange Rates Exacerbate South Korea's Energy Crisis: Seoul, South Korea – South Korea's energy public corporations are facing a severe crisis due to the sharp rise in the won-do ...; Desk 2025.01.01

Jeonbuk Province Faces Double-Digit Export Decline Amid Global Economic Slowdown: Jeonju, South Korea – Jeonbuk Province has reported a significant 13.4% decrease in exports in November 2024 compared to the ...; Desk 2025.01.01

South Korea Extends Debt Relief Measures for Vulnerable Groups: Seoul, South Korea – The South Korean government has announced an extension of debt relief measures aimed at providing finan ...; Hwang Sujin Reporter 2025.01.01

Gangnam District, Seoul, Unveils 2025 Budget Focused on Sustainable Growth: Gangnam District, Seoul, South Korea – The Gangnam District has approved a budget of 1.3737 trillion won (approximately US$1 ...; Global Economic Times Reporter 2024.12.31

South Korea's Inflation Reaches a Four-Year Low, But Food Prices Soar: Seoul, South Korea – South Korea's consumer price index (CPI) rose 2.3% in 2024, marking the lowest annual increase since 20 ...; KO YONG-CHUL Reporter 2024.12.31

Seoul Studio Apartment Rents and Deposits Dip Slightly in November: Seoul, South Korea – The average monthly rent and security deposit for studio apartments in Seoul experienced a modest decli ...; Global Economic Times Reporter 2024.12.30

South Korea's Big Five Banks Slash Deposit Rates Amid Central Bank Easing: Seoul, South Korea – [Date] – South Korea's five largest commercial banks have collectively announced reductions in th ...; Desk 2024.12.30

Soaring Dollar Deals Blow to South Korea's SMEs: Seoul, South Korea – South Korea's small and medium-sized enterprises (SMEs) are facing a crisis as the won weakens against ...; Hwang Sujin Reporter 2024.12.30