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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Paraguay Raises $80.5 Million Through Bond Issuance, Fueling Fiscal Health Concerns: Paraguay's Ministry of Economy and Finance (MEF) successfully completed the second issuance of 2025 fiscal year treasury bonds on ...; Greace Nunez Correspondent 2025.06.27

Middle East Ceasefire Agreement: Dynamic Shifts in Global Asset Markets: News of a ceasefire agreement between Israel and Iran has sent the global asset markets into flux, with international oil and gold ...; Yim Kwangsoo Correspondent 2025.06.24

Economic Growth Amidst Stagnant Job Market: Deepening Imbalance: Despite positive growth in economic indicators, the actual job market remains stagnant, leading to a deepening imbalance. In parti ...; Eugenio Rodolfo Sanabria Reporter 2025.06.23

KOSPI Reclaims 3,000 Mark After 3 Years and 6 Months, Driven by Domestic Hopes and Foreign Inflows: Seoul, South Korea – South Korea's benchmark KOSPI index has surged past the 3,000-point threshold, closing at 3,021.84 on J ...; Desk 2025.06.21

South Korea Unveils Sweeping Debt Relief for Small Businesses Amid Fairness Concerns: SEOUL – The South Korean government is set to implement a substantial debt relief program, aiming to cancel approximately 16 ...; Hwang Sujin Reporter 2025.06.19

South Korea Unveils $22 Billion Stimulus Package to Revitalize Sagging Economy: SEOUL, South Korea – In a significant move to counter prolonged domestic consumption stagnation and political uncertainty, t ...; KO YONG-CHUL Reporter 2025.06.19

Chaotic Vehicle Registration System: Municipalities Warned of Fines for Unrenewed Fees: As the vehicle registration renewal deadline approaches, municipalities across Paraguay are facing extreme chaos due to the influx ...; Ana Fernanda Reporter 2025.06.18

South Korea's Debt Crisis Deepens: Household and Small Business Delinquencies Hit 11-Year High: SEOUL, South Korea – South Korea is grappling with a rapidly escalating debt crisis as an increasing number of households an ...; Desk 2025.06.16

KOSPI Rebounds to 2940s, Defying Middle East Tensions: Seoul, South Korea – The Korea Composite Stock Price Index (KOSPI) defied escalating Middle East tensions on June 16, 2025, ...; Desk 2025.06.16

Gyeongju City to Provide Up to 700,000 Won in Energy Vouchers to Vulnerable Households: Gyeongju, North Gyeongsang Province – Gyeongju City is set to launch its 2025 Energy Voucher Support Project, a crucial init ...; Hee Chan Kim Reporter 2025.06.16

Paraguay's Banking System Delinquency Rate Hits 7-Month High, But Down Year-on-Year: ASUNCIÓN, Paraguay – As of April 2025, the delinquency rate in Paraguay's banking system reached 2.48%, marking a 0.6 ...; Ana Fernanda Reporter 2025.06.13

Singapore's Declining Domestic Vegetable Production Emerges as Food Security Threat: Singapore's domestic production of vegetables and seafood continued to decline in 2024. In contrast, egg production reportedly inc ...; LEE YEON SIL Reporter 2025.06.12

Singapore, a Tourism Hub Back in the Spotlight Thanks to Lady Gaga's Successful Concerts: The pop star Lady Gaga's four-day concert run in Singapore last month once again proved that this city-state is not merely a trans ...; LEE YEON SIL Reporter 2025.06.12

World Bank Upgrades Argentina's 2025 Growth Forecast to 5.5%... 'Lone' Growth Amidst Latin American Slowdown: The World Bank has significantly raised Argentina's economic growth forecast for 2025 to 5.5%, anticipating that Argentina will ac ...; Ana Fernanda Reporter 2025.06.11

Philippines Emerges as Southeast Asia's Top Market: Decelerating Inflation and Positive Economic Outlook: MANILA, Philippines – The Philippines is emerging as the most promising investment destination among Southeast Asian emergin ...; Yim Kwangsoo Correspondent 2025.06.09

South Korea's Per Capita GNI Surpasses ₩50 Million for the First Time: SEOUL, South Korea – South Korea has achieved a significant economic milestone, with its per capita Gross National Income (G ...; Desk 2025.06.05

KOSPI Reclaims 2,770 Mark, Surging 2.7% on New Government Expectations, First Time in 10 Months: Seoul, South Korea – The South Korean stock market experienced a robust surge on June 4, 2025, the first trading day after t ...; Desk 2025.06.04

Paraguay Records 0% Inflation in May, Cumulative Inflation Reaches 3%: According to the Consumer Price Index (IPC) announced by the Central Bank of Paraguay (BCP) on Tuesday, May 3rd, 2025, the inflati ...; Yim Kwangsoo Correspondent 2025.06.04

South Korea's May Inflation Cools to 1.9%, But Livestock Prices Soar: Seoul, South Korea – South Korea's consumer price inflation eased to 1.9% in May, marking a return to the 1% range after fiv ...; KO YONG-CHUL Reporter 2025.06.04

India Poised to Become World's Fourth-Largest Economy This Year, Overtaking Japan: New Delhi, India – India's Gross Domestic Product (GDP) is projected to surpass that of Japan by the end of this year, posit ...; Ana Fernanda Reporter 2025.06.01

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