Global Economic Times

2025.12.08 (Mon)
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Seoul's 'Insane Rent' Warning: Why $30,000 Monthly Rent is a Looming Threat Residential Crisis Deepens as Tourist Housing Conversion Hits Supply

(C) Pixabay A severe shortage of residential properties, particularly in Seoul, is fueling a surge in conversion of urban housing into tourist accommodations, raising alarm bells over a potential &q
Banks Eye Digital Assets: Woori Bank Displays Bitcoin Price in Dealing Room

(C) The Gulf Independent SEOUL, South Korea—In a clear sign that traditional financial institutions are beginning to seriously integrate digital assets into their core operations, Woori Bank ha

US Layoffs Surge: Over 1.17 Million Job Cuts Announced in First 11 Months of 2025

(C) Visual Capitalist New York — US employers have announced more than 1.17 million job cuts from January through November of this year, a sharp 54% increase compared to the same period last

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Overseas Securities Trading Volume Slightly Down in H1 2025, but Holdings Soar: During the first half of this year, Korean investors' overseas securities trading volume slightly decreased compared to the second ...; Eugenio Rodolfo Sanabria Reporter 2025.07.14

Lee Jae-myung, President of South Korea, stated, "Consumption coupons will bring warmth to alleyway commercial areas," promoting public participation in dining out and focusing on people's livelihoods.: On July 12, 2025, President Lee Jae-myung strongly urged the public to dine out to stimulate the stagnant domestic economy, expres ...; Hwang Sujin Reporter 2025.07.12

South Korea's Land Ownership Status: 4 in 10 People Are Landowners, Intensified Concentration Among the Elderly: As of the end of 2024, approximately four out of ten South Koreans own land. Notably, over 65% of land owners are aged 60 or above ...; Hee Chan Kim Reporter 2025.07.11

Romualdez Files Bill to Amend Bank Secrecy Law to Combat Financial Crimes: House Majority Leader Martin Romualdez (Leyte 1st District) has filed House Bill No. 7, seeking to amend the Bank Secrecy Law to e ...; Ana Fernanda Reporter 2025.07.10

Bucheon City Fully Activates "Livelihood Recovery Consumption Coupon Task Force" to Boost Local Economy: Active utilization of Bucheon-style basic care models, including "Onmaum AI Welfare Call" guidance for vulnerable groups Bucheon ...; Hwang Sujin Reporter 2025.07.09

South Korea Relaunches High-Efficiency Appliance Rebate Program: Seoul, South Korea – The South Korean government has announced the immediate resumption of its "Top Efficiency Home Applianc ...; Hwang Sujin Reporter 2025.07.06

Global Food Prices Edge Up in June, Driven by Oils, Meat, and Dairy: ROME – The global food price index witnessed a modest increase in June, climbing by 0.5% to 128.0 points, as reported by the ...; Desk 2025.07.05

South Korea Launches Nationwide Consumption Coupon Program to Boost Economy: Seoul, South Korea – The South Korean government has announced the first phase of its ambitious "People's Livelihood Recover ...; Hwang Sujin Reporter 2025.07.05

Philippines Misses Upper-Middle Income Status: Vows Further Efforts to Achieve Goal: MANILA, Philippines – The Philippines remains classified as a lower-middle-income country, according to the World Bank's 202 ...; Ana Fernanda Reporter 2025.07.04

Bitstamp Accelerates Asia Market Expansion with Singapore MAS License Acquisition: Bitstamp, a leading global cryptocurrency exchange, has achieved a significant milestone in its Asia-Pacific (APAC) expansion stra ...; Desk 2025.07.04

Asunción City's Tax Revenue Jumps 40% After Publishing Delinquent Taxpayers List: ASUNCIÓN, PARAGUAY – Asunción City Hall has achieved a remarkable 40% increase in tax revenue compared to the ...; Graciela Maria Reporter 2025.07.04

Securities Firms Increase Fees Following New VAT Law Implementation: Vietnamese securities firms have increased various customer service fees starting July 1, following the implementation of a new Va ...; Hwang Sujin Reporter 2025.07.04

Vietnam's Economy Exceeds Expectations: H1 GDP Growth Reaches 7.31%: Vietnam's economy has shown strong growth in the first half of this year, surpassing expectations, with GDP growth projected to be ...; KO YONG-CHUL Reporter 2025.07.04

Paraguay's Tax Revenue Continues Growth, Up $251.6 Million in First Half: The Paraguayan National Directorate of Tax Revenue (DNIT) announced a significant increase in tax revenue for June 2025 compared t ...; Eugenio Rodolfo Sanabria Reporter 2025.07.02

Trump's Post-Inauguration US Tariff Revenue Exceeds $100 Billion, Economic Ripple Effects Noted: Since Donald Trump's inauguration as president, US tariff revenue has significantly increased, surpassing $100 billion. According ...; Desk 2025.07.01

IMF Approves $285 Million in Support for Paraguay, Recognizing Stable Economic Growth and Reform Efforts: WASHINGTON, D.C. – The International Monetary Fund (IMF) announced on June 27 (local time) the completion of its fifth revie ...; Hwang Sujin Reporter 2025.07.01

Paraguay's National Payment System Law: Market Opening and Consumer Benefit Prospects: Asuncion, Paraguay – June 29, 2025 – Paraguayan President Santiago Peña has signed the controversial National P ...; Eugenio Rodolfo Sanabria Reporter 2025.06.30

"Income Tax-Free" Tampa, Florida, Emerges as Optimal U.S. City for Foreign Corporate Investment: Tampa, Florida, has captured the attention of the global business community by being selected as the best U.S. major metropolitan ...; Pedro Espinola Special Correspondent 2025.06.27

Texas Enacts Foreign Real Estate Ownership Ban, Fueling "Anti-China Sentiment" Controversy: A new law in Texas, restricting real estate purchases by foreign nationals from specific countries, is causing a significant stir. ...; Global Economic Times Reporter 2025.06.27

Texas Strengthens Response to Virtual Asset Crimes: Seizure Law Effective September 1: Texas will fully implement a bill on September 1, 2025, that significantly strengthens oversight of crimes involving virtual asset ...; Global Economic Times Reporter 2025.06.27

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