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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Gyeongnam Province Drives Innovation in Seafood Processing: Tongyeong, South Korea – In a bid to elevate the province's fishery industry, Gyeongnam, South Korea's second-largest seafoo ...; Desk 2024.12.31

Yangsan City Offers Financial Lifeline to Struggling Small Businesses: Yangsan, South Korea – In a bid to alleviate the financial burdens faced by small businesses amidst the prolonged economic d ...; KO YONG-CHUL Reporter 2024.12.31

Hwangsangjumin, a Korean Soy Bean Mousse Producer, Sees a 3-Fold Increase in Sales After Participating in a Government-Supported Online Sales Program: Yeoncheon, South Korea – Hwangsangjumin, a local company producing "Joseon Kong Mousse" made from domestically grown soybean ...; Global Economic Times Reporter 2024.12.31

13 New Industries to Issue Cash Receipts in South Korea Starting Next Year: Seoul, South Korea – The South Korean government has announced that 13 new industries will be mandated to issue cash receipt ...; Desk 2024.12.31

BYD Set to Shake Up South Korea's Electric Vehicle Market: Seoul, South Korea – Chinese electric vehicle giant BYD is poised to make significant waves in South Korea's competitive aut ...; Ana Fernanda Reporter 2024.12.30

Delinquency Rates Soar to Record Highs in South Korea's Large Loan Shark Industry: Seoul, South Korea – South Korea's large loan shark industry is facing a crisis as delinquency rates have surged to unpreced ...; KO YONG-CHUL Reporter 2024.12.30

South Korea's Exports to the Philippines Expected to Soar Following FTA Implementation: Manila, Philippines – The implementation of the South Korea-Philippines Free Trade Agreement (FTA) on December 31 is poised ...; Ana Fernanda Reporter 2024.12.30

K-Content in High Demand as Southeast Asian OTT Market Booms: Seoul, South Korea – The global streaming landscape is undergoing a significant transformation, with South Korean content, o ...; KO YONG-CHUL Reporter 2024.12.29

Shinsegae Unveils Comprehensive Value Enhancement Plan: Shinsegae, a leading South Korean retail conglomerate, has announced a comprehensive value enhancement program aimed at boosting i ...; Desk 2024.12.29

Jincheon County Achieves Record-Breaking Investment Attraction for Ninth Consecutive Year: Jincheon, South Korea – Jincheon County has once again set a new benchmark in investment attraction, surpassing its annual g ...; HONG MOON HWA Senior Reporter 2024.12.29

Louis Vuitton and Takashi Murakami Reunite for a Vibrant 20th Anniversary Collection: Paris, France – Luxury fashion house Louis Vuitton has unveiled a highly anticipated collaborative collection with renowned ...; Eugenio Rodolfo Sanabria Reporter 2024.12.29

Korean Retailers Offer Deep Discounts for Year-End Shopping Spree: Seoul, South Korea – As 2024 draws to a close, major retailers in South Korea are rolling out a plethora of year-end sales a ...; KO YONG-CHUL Reporter 2024.12.28

Egypt Tightens Car Import Regulations Amid Economic Headwinds: Cairo, Egypt – The Egyptian government has recently introduced new regulations for car imports, aiming to stabilize the dome ...; Global Economic Times Reporter 2024.12.28

Beloved Characters Popeye and Tintin Enter the Public Domain: A new era is dawning for fans of classic cartoons and literature. Beloved characters Popeye and Tintin, along with iconic works su ...; ONLINE TEAM 2024.12.28

Soaring Exchange Rate Sends Shockwaves Through South Korea's Industries: Seoul, South Korea – The won-dollar exchange rate has surged to unprecedented levels following the December 3rd emergency de ...; Desk 2024.12.28

Hungary Caps Guest Worker Permits to 35,000 in 2025: Budapest – Minister for National Economy Márton Nagy has decided to cap the maximum number of guest worker residence ...; Eugenio Rodolfo Sanabria Reporter 2024.12.27

Buy Now, Pay Later: A Risky Holiday Trend: San Juan, Puerto Rico – Buy Now, Pay Later (BNPL) services have become increasingly popular among online shoppers, especiall ...; Eugenio Rodolfo Sanabria Reporter 2024.12.27

Oil Prices Edge Lower on Friday, but Set for Weekly Gain: RIYADH – Oil prices were little changed on Friday but were poised for a weekly gain amid optimism that economic stimulus eff ...; Graciela Maria Reporter 2024.12.27

Korean Consumers Get More Protection in New Consumer Dispute Resolution Standards: Seoul, South Korea – The Fair Trade Commission (FTC) announced today that it has finalized revisions to the Consumer Dispute ...; Hwang Sujin Reporter 2024.12.27

South Korea and the Philippines to Deepen Economic Ties with New FTA: Seoul, South Korea – South Korea and the Philippines are set to bolster their economic relationship as the Korea-Philippines ...; Hwang Sujin Reporter 2024.12.26