Global Economic Times

2026.09.05 (Sat)
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NAND Market Surges 70%... 'Samsung and Hynix' Sweep Global 1st and 2nd Places

The global NAND flash market showed a steep growth trend, surging 70% compared to the previous quarter, with Samsung Electronics and SK Hynix maintaining their positions side-by-side as the world'
Youth Employment Subsidies Up to 18M KRW… Self-Employed to Receive 1.5M KRW Childcare Allowances

Starting next year, eligibility for the Youth Job Leap Incentive will expand to include young job seekers in the capital region, while direct incentives paid to employed youth will jump from a maximum

South Korea Unveils Record 821 Trillion Won Budget for 2027

The South Korean government has finalized its draft budget for 2027, setting a record-high total expenditure of 820.9 trillion won (approximately $600 billion). Driven by a massive super-boom in the s

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IMF Maintains South Korea's Economic Growth Forecast at 2.0% for 2025: The International Monetary Fund (IMF) has maintained its economic growth forecast for South Korea at 2.0% for 2025. In its annual ...; KO YONG-CHUL Reporter 2025.02.08

Bank of Korea's Gold Reserves Ranking Drops Amid Global Gold Rush: The Bank of Korea's (BOK) ranking in global gold reserves has fallen two places in the past year, from 36th to 38th. This comes a ...; KO YONG-CHUL Reporter 2025.02.06

Dollar Plummets in Colombia, Offering Savings for Consumers: Bogota, Colombia - The US dollar has seen a significant drop in value against the Colombian peso in recent months, leading to lowe ...; Graciela Maria Reporter 2025.02.05

Financial Markets Plunge as US Tariff War Begins: Global markets were sent reeling on February 3rd as the US tariff war, initiated by President Trump, began to take effect. The Ko ...; Global Economic Times Reporter 2025.02.04

El Salvador's Workforce Shows Significant Growth in 17 Years: San Salvador, El Salvador – The economically active population (PEA) of El Salvador has seen a substantial increase over the ...; Graciela Maria Reporter 2025.02.02

Central Bank of Libya Takes Steps to Boost Investment and Address Economic Challenges: DERNA, Libya – The Board of Directors of the Central Bank of Libya (CBL) convened its first meeting of 2025 in Derna, chaire ...; Graciela Maria Reporter 2025.02.02

Libya's NOC Aims for Production Boost and Enhanced Transparency: TRIPOLI – Libya's National Oil Corporation (NOC) is prioritizing increased oil production and greater transparency under its ...; Graciela Maria Reporter 2025.02.02

South Korea Boosts Support for Low-Income Households to Purchase Energy-Efficient Appliances: Seoul – The Ministry of Trade, Industry and Energy announced on February 2nd that it will invest 12.5 billion won (approxima ...; Global Economic Times Reporter 2025.02.02

Panama Weighs Post-Dollarization Future Amidst US Tensions: Panama's long-standing economic cornerstone, its dollarized monetary system, is facing renewed scrutiny amidst rising global econo ...; Graciela Maria Reporter 2025.02.02

Wage Growth Lags Behind Soaring Inflation, Widening Income Disparity in South Korea: SEOUL – South Korea's workers are facing a growing income squeeze as wage growth has slowed for the second consecutive year ...; Hwang Sujin Reporter 2025.01.31

Soaring Food Prices Drive Inflation in South Korea: Seoul – A recent report by Statistics Korea has revealed that a staggering nine out of the top ten items that experienced th ...; Global Economic Times Reporter 2025.01.31

Surge in One-Person Media Creators, Top Earners Rake in Billions: The number of one-person media creators, such as YouTubers, has surged nearly 20-fold in the past five years, raising concerns abo ...; Hwang Sujin Reporter 2025.01.31

Financial Instability Index Soars Amid Political Uncertainty: The Financial Instability Index (FSI) in South Korea surged to its highest point in a year last December, approaching levels seen ...; Desk 2025.01.31

S. Korean Government Rethinking Levy Abolition Spree Amidst Revenue Shortfalls: SEOUL – The Yoon Suk-yeol government's push to eliminate various levies, including those on movie tickets and development pr ...; ONLINE TEAM 2025.01.31

Argentina and IMF Nearing Deal, Wall Street Optimistic: Buenos Aires, Argentina – Wall Street is growing increasingly optimistic about a potential deal between Argentina and the In ...; Eugenio Rodolfo Sanabria Reporter 2025.01.30

Seoul Subway Fares to Increase by 150 Won in March: Seoul, South Korea – Seoul’s subway fares are set to increase by 150 won in March, as the city grapples with the growi ...; KO YONG-CHUL Reporter 2025.01.30

South Korean Food and Franchise Industry Revamps to Stimulate Stagnant Domestic Market: Seoul, South Korea – As South Korea's domestic market continues to face challenges, the food and franchise industry is takin ...; ONLINE TEAM 2025.01.30

South Korea's Economy Stumbles Amid Political Turmoil and High Interest Rates: Seoul, South Korea – South Korea's economy has faced a significant setback, with growth falling short of expectations due to ...; KO YONG-CHUL Reporter 2025.01.29

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