Global Economic Times

2026.01.20 (Tue)
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“$3.20 for Coffee, 15 Cents for the Cup”: New Pricing Policy Leaves Café Owners Exhausted

(C) Live and Let's Fly SEOUL — “A Cafe Latte is 4,300 won, and there is a separate 200 won charge for the cup.” Small business owners running cafes are expressing deep frustr
Trump Escalates Atlantic Tensions with ‘Greenland Tariffs’ Targeting European Allies

(C) Axios [NUKK, Greenland] – The geopolitical standoff over Greenland has spiraled into a full-blown trade war as U.S. President Donald Trump announced a series of punitive tariffs against e

SK Chairman Choi Tae-won Calls for Radical Policy Shift to Reignite Korea's "Fading Growth Engine"

(C) China Daily SEOUL – Choi Tae-won, Chairman of the Korea Chamber of Commerce and Industry (KCCI) and SK Group, has issued a stark warning regarding the structural slowdown of the South Korea

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Singapore Insurance Agent's Bold Move: Investing in a Used Car as a Symbol of Success: SINGAPORE - In a city-state where owning a car is a luxury, Andre Li, a 33-year-old insurance agent, has made a striking investmen ...; KO YONG-CHUL Reporter 2025.03.25

Philippines Accelerates Offshore Wind Development with Batangas Port Agreement: MANILA, Philippines – The Philippine National Oil Company (PNOC) has taken a significant step in boosting the country's offs ...; Graciela Maria Reporter 2025.03.25

BBVA Mexico Closes Dormant Accounts, Sparking Concern Among Customers: MEXICO CITY – BBVA customers in Mexico are facing unexpected account closures as the banking giant implements measures to co ...; Global Economic Times Reporter 2025.03.25

Xiaomi Challenges Giants in Japan's Smartphone Market with Offline Expansion: Xiaomi has made significant strides in the Japanese smartphone market, traditionally a challenging territory for Chinese brands, b ...; Eugenio Rodolfo Sanabria Reporter 2025.03.25

X Corp. Sues Indian Government Over Online Censorship, Testing Musk-Modi Relations: NEW DELHI/WASHINGTON D.C. – In a move that raises questions about the delicate balance between business interests and govern ...; KO YONG-CHUL Reporter 2025.03.25

Indian Retail Investors Burned by Market Crash After Pandemic Euphoria: NEW DELHI – A wave of young, inexperienced Indian retail investors, lured by social media hype and easy online trading durin ...; Pedro Espinola Special Correspondent 2025.03.25

Indonesia and South Korea Strengthen Ties in Clean Energy and EV Sectors: JAKARTA – Indonesia is accelerating its transition to clean energy and electric vehicle (EV) technologies through enhanced p ...; Graciela Maria Reporter 2025.03.25

South Korea, Indonesia Reaffirm Commitment to KF-21 Fighter Jet Project: JAKARTA – South Korean and Indonesian defense officials have solidified their commitment to the joint development of the KF- ...; Ana Fernanda Reporter 2025.03.25

Korean Securities Firms' Net Profits Approach 7 Trillion Won, Driven by Surge in Overseas Stock Trading: Seoul, South Korea – South Korean securities firms reported a significant increase in net profits for the past year, approac ...; Desk 2025.03.25

Gyeonggi Province Drives Open Innovation, Connecting Startups with Major Corporations: Gyeonggi Province, South Korea, is spearheading an initiative to bridge the gap between burgeoning startups and established large ...; Min Gyu Mi Reporter 2025.03.25

Seafood Prices Soar as Production of Popular Fish Plummets: Seoul, South Korea – The cost of staple seafood items like mackerel, squid, and hairtail has surged in South Korea, placing ...; Hwang Sujin Reporter 2025.03.25

Twosome Place Increases Prices by Average 4.9%... 58 Items Including Coffee and Cakes Affected: On the 24th, Cafe Twosome Place announced that it will raise the prices of some products by an average of 4.9% starting from the 2 ...; Hwang Sujin Reporter 2025.03.25

Auto Insurance Loss Ratio Skyrockets Amidst Cold Wave and Premium Cuts: SEOUL — The auto insurance sector is facing mounting challenges as the loss ratio for major insurers surged to 88.7% in Febr ...; Desk 2025.03.25

Jeonbuk Bank Launches Mobile Foreigner Registration Card-Based Financial Transactions: Jeonbuk Bank, a member of the JB Financial Group, has become the first financial institution in South Korea to introduce both in-p ...; KO YONG-CHUL Reporter 2025.03.25

Jeonbuk Businesses Lag in ESG Adoption, Urgent Need for Corporate Support: A recent survey has revealed that the adoption rate of ESG (Environmental, Social, and Governance) management among businesses in ...; ONLINE TEAM 2025.03.25

NH NongHyup Jeju to Hire 40 New Employees in First Half of 2025: JEJU, South Korea – NH NongHyup Jeju Headquarters and the Jeju Regional Agricultural and Livestock Cooperatives Personnel Af ...; Yim Kwangsoo Correspondent 2025.03.25

Jeju Tourism Corporation's Seongsan Duty-Free Shop Reopens After 4.5 Years: Seogwipo, Jeju, March 21, 2025 – Jeju Tourism Corporation (President Ko Seung-cheol) announced today that it reopened the Se ...; Min Gyu Mi Reporter 2025.03.25

Kakao, Naver Pay, and NHN Payco Halt Sales and Exchanges of Culture Gift Certificates, Raising Concerns of "Second Mezzopoint" Incident: The number of places accepting gift certificates issued by "Culture Gift Certificate Co., Ltd." is rapidly decreasing. Kakao has c ...; Hwang Sujin Reporter 2025.03.24

Major Food Prices in Korea Rise, Burdening Citizens' Economy: Recently, the prices of essential food items in Korea, such as ramen, dumplings, snacks, beer, and coffee, have been steadily incr ...; Hwang Sujin Reporter 2025.03.24

Paraguay is on the verge of finalizing a contract to export 2,500 heads of cattle to Morocco, marking a significant step in its efforts to penetrate the African market.: Paraguay has established a foothold for entering the African market. Ramiro Maluff, President of the Paraguayan Meat Production an ...; Yim Kwangsoo Correspondent 2025.03.24