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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Samsung Electronics Buys Back $7.17 Billion in Shares Amid Shareholder Pressure: Seoul, South Korea – Samsung Electronics has announced a $7.17 billion share buyback program, aiming to boost its sagging st ...; Desk 2024.11.25

A Massive Logistics Facility with a Next-Generation Drone Technology R&D Center Opens in Itabashi-ku, Tokyo: A grand opening ceremony was held on October 2nd for a massive logistics facility equipped with a next-generation drone technology ...; Ana Fernanda Reporter 2024.11.25

Bolivia Opens Up Its Fuel Market to Private Competition: La Paz, Bolivia – In a significant move to liberalize its energy sector, the Bolivian government has finalized a decision to ...; Ana Fernanda Reporter 2024.11.23

South Korea's Overseas Assets Hit Record High as 'Retail Investors' Fuel Overseas Investments: Seoul, South Korea – South Korea's net foreign assets have surpassed $900 billion for the first time, marking a historic hig ...; Desk 2024.11.20

AliExpress and Temu Face Backlash Over Unsafe Products: Seoul, South Korea – A recent crackdown by South Korean authorities has revealed a significant number of unsafe products bei ...; Hwang Sujin Reporter 2024.11.20

FBM KLCI Opens Higher on Wall Street Cues, Optimism Over China's Support for Hong Kong: The FTSE Bursa Malaysia KLCI (FBM KLCI) opened 2.57 points higher at 1,604.91, slightly up from the previous day's close of 1,602. ...; KO YONG-CHUL Reporter 2024.11.20

Paraguay Government Faces Backlash Over Abandoned Administrative Building: Asunción, Paraguay - The Paraguayan government is facing mounting criticism for its mismanagement of a large administrative ...; Graciela Maria Reporter 2024.11.19

South Korea's E-commerce Giants Engage in Fierce Speed Delivery War: Seoul, South Korea – The race for faster delivery speeds in South Korea has intensified as major e-commerce players and reta ...; ONLINE TEAM 2024.11.17

South Korean Food Delivery Apps Reach Partial Agreement on Fee Cuts: Seoul, South Korea – After months of negotiations, South Korea's major food delivery platforms, Baemin and Coupang Eats, hav ...; Hwang Sujin Reporter 2024.11.15

Samsung Electronics Plunges to New Lows Amidst Growing Concerns: Seoul, South Korea – Samsung Electronics, South Korea's tech giant, has seen its stock price plummet to a new 52-week low, f ...; KO YONG-CHUL Reporter 2024.11.15

Coffee Prices Soar as Dongsuh Foods and Starbucks Hike Costs: Seoul, South Korea – The South Korean food and beverage industry is bracing for a potential domino effect of price increases ...; KO YONG-CHUL Reporter 2024.11.14

South Korea's Telecom Giants to Introduce Unified 5G and LTE Plans: Seoul, South Korea - South Korea's three major telecom companies, SK Telecom, KT, and LG Uplus, have agreed to introduce unified 5 ...; KO YONG-CHUL Reporter 2024.11.14

Exchange rate ‘touches’ the 1,410 won line… Import prices also rose the highest in half a year: The won-dollar exchange rate rose to the highest level in two years, exceeding the 1,410 won level during the day. As oil prices a ...; Hwang Sujin Reporter 2024.11.14

South Korea's Ruling and Opposition Parties Agree on Key Legislative Reforms: Seoul, South Korea – South Korea's ruling and opposition parties have reached a consensus on a number of key legislative ref ...; Hwang Sujin Reporter 2024.11.14

South Korea's Stock Market Plunges Amidst Trump Victory and Internal Challenges: Seoul, South Korea – South Korea’s stock market has suffered a significant decline in recent weeks, with both the KOSP ...; Hwang Sujin Reporter 2024.11.14

Jeju's Economy Faces a Rough Patch Amidst Overinvestment and Climate Change: Jeju Island, South Korea - Jeju Island, once a popular tourist destination and real estate hot spot, is now grappling with a serie ...; KO YONG-CHUL Reporter 2024.11.13

South Korea to Tighten Rules on Auto Loan Credit Card Limits: Seoul, South Korea - South Korea's financial authorities are set to tighten regulations on special credit limits for automobile pu ...; Global Economic Times Reporter 2024.11.12

South Korea Sees Surge in Subprime Lending Amid Tightening Credit: Seoul, South Korea – South Korea is experiencing a surge in subprime lending as households turn to non-bank financial instit ...; Global Economic Times Reporter 2024.11.12

South Korea's Policy-Based Finance Hits Record High, Sparking Regulatory Concerns: Seoul, South Korea – The outstanding balance of policy-based finance provided by South Korea's public financial institutions ...; Global Economic Times Reporter 2024.11.12

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