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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Samsung Electronics Hits New 52-Week Low Amidst Foreign Selling: Seoul, South Korea - Samsung Electronics, the South Korean tech giant, continued its downward trend, hitting a new 52-week low of ...; Global Economic Times Reporter 2024.11.11

South Korea's 2nd-Tier Lenders See Surge in Loans Amidst Tightening Credit: Seoul, South Korea - South Korea's second-tier lenders, including credit card companies, savings banks, and insurance companies, h ...; ONLINE TEAM 2024.11.11

Bitcoin Surpasses $80,000 for the First Time, Fueled by Trump's Pro-Crypto Stance: Bitcoin has reached a new all-time high, surpassing the $80,000 mark for the first time. This significant milestone is attributed ...; Global Economic Times Reporter 2024.11.11

Gasoline and Diesel Prices in South Korea Hit 4-Week High: The prices of gasoline and diesel in South Korea have continued to climb for the fourth consecutive week, according to data releas ...; Global Economic Times Reporter 2024.11.10

Investors' reaction to Budget 'very different' to Truss: Rachel Reeves' Budget is "very, very different" to the Liz Truss mini-Budget of two years ago, according to a senior government mi ...; Global Economic Times Reporter 2024.11.09

Interest rates cut but Bank hints fewer falls to come: UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last ...; Global Economic Times Reporter 2024.11.09

Junior doctors are striking. Should we increase their wages by a third?: Their union says that demands on doctors keep rising while their pay keeps shrinking. 2024 started off on a rather dour note, wit ...; Global Economic Times Reporter 2024.11.09

US Jobs Report Shows Unemployment Claims at Lowest Levels in 50 Years: The U.S. economy had another month of strong employment gains between mid-February and mid-March, adding 431,000 new jobs. Althoug ...; Global Economic Times Reporter 2024.11.09

“Again Trump”… Korean economic uncertainty tsunami: As the 'second term of Trump's administration' is expected to take place, attention is being paid to the impact it will have on ou ...; Global Economic Times Reporter 2024.11.07

South Korean PE Firms Face Scrutiny Over Value Creation: A recent study has revealed that South Korea's top five private equity firms have struggled to significantly boost the return on e ...; Global Economic Times Reporter 2024.11.06

US Job Market Shows Mixed Signals in October: The US labor market painted a complex picture in October, with significant job growth in certain sectors offset by substantial los ...; Global Economic Times Reporter 2024.11.06

South Korea's Foreign Exchange Reserves Shrink Amidst Strong Dollar: South Korea's foreign exchange reserves contracted by over $42 billion in October, primarily attributed to the strengthening US do ...; Global Economic Times Reporter 2024.11.05

German Inflation Surges, Economic Recovery Uncertain: German inflation unexpectedly climbed to 2.4% in October, surpassing the European Central Bank's 2% target. This uptick, driven by ...; Pedro Espinola Special Correspondent 2024.11.05

Eurozone Inflation Rises Unexpectedly: Eurozone inflation unexpectedly climbed to 2% in October, according to preliminary data released by Eurostat on Thursday. This fig ...; Global Economic Times Reporter 2024.11.05

Inflation Eases Further, Fed Rate Cut Expected: Inflation in the United States continued its downward trend in September, inching closer to the Federal Reserve's 2% target. The P ...; Global Economic Times Reporter 2024.11.05

Inflation Hits Low-Income Households Hardest: Inflation has exacerbated financial challenges for Americans, particularly low-income households. As the cost of living rises, fam ...; Desk 2024.11.05

South Korea Seeks to Expand Regional Gift Certificate Use to Rural Areas: A new bill has been introduced in the South Korean National Assembly that would allow regional love gift certificates to be used a ...; Global Economic Times Reporter 2024.11.05

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