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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South Korean Financial Groups Surpass ₩4,000 Trillion in Total Assets; Net Profit Hits ₩26.7 Trillion Amid Stock Market Rally: The combined total assets of South Korea’s major financial holding companies have officially crossed the ₩4,000 trillion mil ...; Hwang Sujin Reporter 2026.04.09

The End of ‘Panic Buying’: Financial Decoupling Freezes Korean Real Estate and Auction Markets: SEOUL – The era of "Young-kkeul"—a popular Korean term meaning "pulling every last soul" to secure a mortgage—ha ...; Desk 2026.04.09

Tensions Resurface in Middle East, Sending KRW/USD Exchange Rate Rebounding Toward 1,480 Won: SEOUL — The South Korean won took a sharp turn for the worse on Thursday, erasing a portion of the previous day’s sign ...; Hwang Sujin Reporter 2026.04.09

High Oil Prices Spare No One: Diesel Surpasses 2,000 Won for the First Time in 44 Months: (C) Cedirates Despite a recent breakthrough in geopolitical tensions with a two-week ceasefire agreement between the United Sta ...; Global Economic Times Reporter 2026.04.09

KOSPI Surges Back to 5,870 Mark as U.S.-Iran Ceasefire Triggers Global Market Rally: SEOUL — South Korean financial markets experienced a dramatic rebound on Wednesday as investor sentiment shifted from fear t ...; KO YONG-CHUL Reporter 2026.04.08

South Korea Gears Up for Rapid $19 Billion Extra Budget Push to Combat Middle East War Fallout: SEOUL — The South Korean government is moving at full throttle to deploy a massive 26.2 trillion won (approximately $19.3 bi ...; Hwang Sujin Reporter 2026.04.06

Samsung Electronics Hikes Prices for High-Capacity Foldables Amid Currency Woes and Rising Component Costs: SEOUL — Samsung Electronics has officially adjusted the factory prices of several high-capacity smartphone models, citing th ...; Yim Kwangsoo Correspondent 2026.04.02

"1 Trillion Won in Interest Over Two Years"... Hanwha Solutions Faces 280-Billion Won Debt Bomb This Year: Failed to meet financial covenants for a 370-billion won foreign currency loan.Operating losses exceeded 300 billion won for two c ...; Global Economic Times Reporter 2026.04.02

The Silicon Shield: Korea’s March Exports Hit Record $86B as AI Semi-Supercycle Erupts: SEOUL — South Korea’s export engine has ignored the escalating geopolitical friction in the Middle East to deliver a r ...; Global Economic Times Reporter 2026.04.02

March Exports Break $80 billion Mark for the First Time... Trade Surplus Hits All-Time High: SEOUL – Amidst a landscape of global uncertainty and a tumultuous domestic political climate, South Korea’s economy ha ...; KO YONG-CHUL Reporter 2026.04.01

Won-Dollar Exchange Rate Surges to 1,515 Range Amid Triple Whammy: War, Oil Prices, and Foreign Capital Outflow: The South Korean won has weakened significantly against the U.S. dollar, climbing to the mid-1,515 range as escalating geopolitica ...; Yim Kwangsoo Correspondent 2026.03.30

South Korean Insurers Face 14.5% Profit Slump in 2025 Amid Rising Loss Contracts and Global Volatility: SEOUL — South Korea’s insurance sector recorded a significant double-digit decline in net profit last year, as a combi ...; Global Economic Times Reporter 2026.03.30

Card Issuers Caught in the Crossfire of Samsung-Apple Pay Fee War: [SEOUL] A long-standing conflict over payment platform fees is reaching a breaking point, leaving South Korean card issuers in a p ...; Global Economic Times Reporter 2026.03.27

SK Hynix CEO Targets 100 Trillion Won Net Cash to Fuel "Uninterrupted" AI Investment: ICHEON, South Korea — SK Hynix CEO Kwak Noh-jung announced a bold financial strategy on Wednesday, pledging to amass over 10 ...; Kim Sungmoon Reporter 2026.03.26

E-mart Launches "Half-Price" Kimbap at 3,980 Won for Two Rolls to Combat Inflation: As the cost of dining out continues to soar, E-mart is stepping in to ease the burden on consumers' wallets. The retail giant anno ...; Global Economic Times Reporter 2026.03.26

Celltrion Bets $900M on Massive Expansion, Aiming for 570,000-Liter Global Bio Dominance: INCHEON, South Korea — Celltrion announced on March 24, 2026, a bold 1.2 trillion KRW (approx. $900 million) investment plan ...; Desk 2026.03.24

KB Financial Group Launches 20 Trillion Won 'Productive Finance' Initiative for 2026: SEOUL – KB Financial Group announced on March 24, 2026, the launch of the "KB Kookmin Happiness Growth Project," a massive 2 ...; KO YONG-CHUL Reporter 2026.03.24

Saudi Arabia Warns of $180 Oil as Iran Conflict Threatens Global Energy Security: RIYADH — Saudi energy officials have issued a stark warning that international crude prices could surge past $180 per barrel ...; Ana Fernanda Reporter 2026.03.20

South Korea Unveils $47 Million "AX One-Stop" Initiative to Accelerate Industrial AI Transformation: SEOUL — In a bold move to cement its position as a global AI powerhouse, the South Korean Ministry of Science and ICT (MSIT) ...; ONLINE TEAM 2026.03.19

Finance Chief Koo Vows All-Out Measures to Stabilize Markets Amid Rising Global Volatility: SEOUL — South Korea’s top economic policymaker declared on Thursday that the government is prepared to mobilize all av ...; KO YONG-CHUL Reporter 2026.03.19

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