Global Economic Times

2025.10.22 (Wed)
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South Korea's Per Capita GDP Slump: Taiwan Expected to Overtake for the First Time in 22 Years

SEOUL—South Korea's economic standing is facing a potential setback as the International Monetary Fund (IMF) projects a significant drop in its per capita Gross Domestic Product (GDP) rankin
South Korea 'Trapped': OECD Shock as Tax Revenue Plummets

SEOUL—South Korea faces a dire economic warning, with its ratio of tax revenue to Gross Domestic Product (GDP) plummeting to 17.6% in 2024, ranking it 30th out of 38 OECD member nations. This fi

Samsung Heiresses to Sell $1.3 Billion Worth of Samsung Electronics Shares for Inheritance Tax

SEOUL – The controlling family of Samsung Group is set to dispose of a massive block of Samsung Electronics shares, valued at approximately $1.3 billion, to fund the payment of inheritance taxes

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Singapore Eases Monetary Policy for Second Consecutive Quarter Amid Lower-than-Expected Economic Growth: Singapore's monetary authority has tightened its grip on easing monetary policy for the second consecutive quarter as the first-qu ...; Hwang Sujin Reporter 2025.04.14

Paraguay's Economy Maintains Solid Growth with 4.9% Increase in February, but Signs of Slowdown Emerge: Asunción, Paraguay - According to a report released by the Central Bank of Paraguay (BCP), Paraguay's economic activity ind ...; Eugenio Rodolfo Sanabria Reporter 2025.04.11

Hawaii Farmers Enter "Survival Mode" Due to Suspension of Federal Government Subsidies: Hawaii, with 90% Dependence on Imports, Hit Hard as Farmers Try to Increase Food Self-Sufficiency: Kaina Makua, a Native Hawaiian farmer who planned to quadruple the production of kalo (taro), a traditional crop in Hawaii, expect ...; Eunsil Ju Reporter 2025.04.11

Trump's Trade Barrage Batters Washington State's Economy: Exports Plummet, Tourism Takes a Hit: WASHINGTON STATE - President Trump's aggressive tariff policies are delivering a significant blow to the Evergreen State's economy ...; Hannah Yeh Reporter 2025.04.11

State Farm Faces Bankruptcy Risk as It Pushes for Massive Home Insurance Hike in California: Oakland, CA - The future of State Farm, the nation's largest home insurance provider, hangs in the balance as it aggressively purs ...; Sharon Yoon Correspondent 2025.04.11

KOSPI Surges 6.6% on Mutual Tariff Suspension, KRW/USD Exchange Rate Falls by 28 Won: South Korean financial markets experienced significant volatility once again on the 10th due to the mutual tariff suspension by th ...; Yim Kwangsoo Correspondent 2025.04.10

Argentina Secures $20 Billion IMF Bailout, Boosting Milei's Reform Agenda: BUENOS AIRES, ARGENTINA — In a move anticipated to provide crucial financial breathing room, Argentina has reached a staff-l ...; Yim Kwangsoo Correspondent 2025.04.10

KOSPI Breaches 2300 Mark Amid Escalating US-China Trade Tensions: Seuol, South Korea – The South Korean benchmark KOSPI index plummeted below the critical 2300 level on Wednesday, marking it ...; Global Economic Times Reporter 2025.04.09

EU-Philippines Green Economy Partnership (EU-GEPP) Grant Program to Accelerate Circular Economy Transition: Manila, Philippines – The European Union (EU)-supported and Department of Environment and Natural Resources (DENR)-implement ...; Eugenio Rodolfo Sanabria Reporter 2025.04.09

South Korea Launches 20 Billion KRW Fund to Modernize Fisheries Distribution Sector: SEOUL, SOUTH KOREA – The South Korean Ministry of Oceans and Fisheries (MOF) has announced the selection of NICE Investment ...; KO YONG-CHUL Reporter 2025.04.07

South Korean Tax Service's "One-Click" Refund System Draws Massive User Base with Zero Fees: SEOUL, SOUTH KOREA – The National Tax Service (NTS) of South Korea is witnessing remarkable success with its newly launched ...; Desk 2025.04.07

Daejeon Empowers Residents and Small Businesses with "Visiting Village Tax Accountant" Initiative: DAEJEON, SOUTH KOREA – Navigating the complexities of the tax system can be a daunting task for many individuals and small b ...; HONG MOON HWA Senior Reporter 2025.04.05

Facing Debt? Chungcheongnam-do Offers Free Financial Counseling and Debt Relief Support: Chungcheongnam-do, South Korea - Individuals and business owners in Chungcheongnam-do struggling with debt, delinquency, and colle ...; KO YONG-CHUL Reporter 2025.04.05

La 2ª Asamblea General de la Unión Mundial de Ciudades de la Economía y la Ciencia (GINI) de 2026 se celebrará en Málaga, la ciudad de la innovación de España: El alcalde de la ciudad de Daejeon, Lee Jang-woo, anunció oficialmente en una rueda de prensa celebrada en el Ayuntamiento ...; HONG MOON HWA Senior Reporter 2025.04.05

Won-Dollar Exchange Rate Plunges Over 30 Won Immediately After President Yoon's Impeachment...KOSPI Also Turns to Gains: Immediately after the pronouncement of President Yoon Suk-yeol's impeachment, the won-dollar exchange rate sharply fell by over 30 ...; KO YONG-CHUL Reporter 2025.04.04

Paraguayan Semana Santa Discount Campaign Sparks Controversy Over Exclusion of Fruits, Vegetables, and Meat: ASUNCIÓN, Paraguay – The Paraguayan Supermarket Association (Capasu) has announced a large-scale discount campaign fo ...; Desk 2025.04.04

Paraguay's Inflation Surges to 1.2% in March, Annual Rate Hits 4.4%: Asunción, Paraguay - Paraguay experienced its highest monthly inflation rate of the year in March 2025, with the Consumer P ...; Desk 2025.04.04

Ministry of Agriculture and Livestock Announces "Ra’arõvo" Holy Week Special Fair: Two-Week Farmers' Direct Sales Markets Across Cities: ASUNCIÓN, Paraguay - The Ministry of Agriculture and Livestock (MAG) has announced a two-week operation of farmers' direct ...; Pedro Espinola Special Correspondent 2025.04.02

World Bank Injects $2 Billion into Paraguay to Fuel Economic Expansion: ASUNCIÓN, Paraguay - In a significant move aimed at bolstering Paraguay's economic trajectory, the World Bank has greenlit ...; Ana Fernanda Reporter 2025.04.02

CAPASU Announces Up to 40% Discount on 55 Items for Easter: ASUNCIÓN, Paraguay – The Paraguayan Supermarket Association (CAPASU) has announced a special Easter promotion offerin ...; Global Economic Times Reporter 2025.04.02

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