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  • Seoul's Housing ...

    Seoul's Housing Market Enters a Cooling Phase, Yet Rental Strains and Skyrocketing One-Room Rents Deepen Urban Housing Anxiety

    SEOUL — While Seoul’s apartment sales market is showing initial signs of taking a breather after a prolonged rally, the city's rental sector is moving in the opposite direction, intens

  • Japan’s Three Megaba...

    Japan’s Three Megabanks to Skip Third Batch of U.S. Semiconductor Investments Amid Dollar Funding Squeeze

    TOKYO — In a notable shift in cross-border financing, Japan’s three major financial institutions have decided to step back from participating in the upcoming wave of U.S.-bound investments

    Companies Stating Gr...

    Companies Stating Greenhouse Gas Reduction Plans Borrowed Money Cheaper

    As global greenhouse gas emissions show little sign of slowing down, the United Nations has warned that the global average temperature could rise by 2.8°C compared to pre-industrial levels. The 1.

Distribution Economy

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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South Korean Won Slides to 15-Year Low as Political Uncertainty Deepens
Seoul, South Korea – The South Korean won has plunged to its lowest level in 15 years and nine months, with experts warning ...
Hwang Sujin Reporter 2024.12.30

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Soaring Fuel Prices in South Korea Despite Stable International Oil Prices
Seoul, South Korea – South Korean drivers are facing a continued increase in fuel prices, with both gasoline and diesel pric ...
Global Economic Times Reporter 2024.12.29

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Jeju Economic Awards Honors Top Businesses
Jeju City, South Korea – The prestigious Jeju Economic Awards ceremony was held on the 26th at the Jeju Chamber of Commerce ...
Desk 2024.12.28

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Philippine Inflation Expected to Remain Low in December
MANILA – Headline inflation in the Philippines is projected to remain subdued at around 2.6 percent in December, staying com ...
Graciela Maria Reporter 2024.12.26

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Soaring Dollar and Natural Gas Prices Fuel Inflation Fears in South Korea
Seoul, South Korea – South Korea is grappling with rising inflation as the won has plummeted to a 15-year low against the US ...
Hwang Sujin Reporter 2024.12.26

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Egg Prices Soar in South Korea, Government Prepares Subsidies
Seoul, South Korea – Egg prices in South Korea are set to hit a three-year high, surpassing 7,000 won per 30-egg carton, as ...
Hwang Sujin Reporter 2024.12.26

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Bank of Korea Signals Further Interest Rate Cuts Amid Economic Uncertainty
Seoul, South Korea – The Bank of Korea (BOK) has indicated its intention to further lower the benchmark interest rate next y ...
Global Economic Times Reporter 2024.12.26
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