Global Economic Times

2026.04.26 (Sun)
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Busan Bank Leads Regional Banks in Social Contribution, Spending ₩59.9 Billion in 2023: Busan Bank has solidified its position as a leader in social contribution among regional banks in South Korea, having spent ₩59.9 ...; Hwang Sujin Reporter 2025.05.31

Hyundai E&C Withdraws from Gadeokdo New Airport Land Reclamation Project, Citing Unrealistic Deadline: SEOUL, South Korea – Hyundai Engineering & Construction (Hyundai E&C) announced on May 30 that it will not participa ...; Hwang Sujin Reporter 2025.05.31

Northern Gyeonggi's Gyooe Line Begins Facility Upgrade Design, Set for Completion by End of Next Year: SEOUL, South Korea – The National Rail Authority (Korea National Railway, KNR) Seoul Metropolitan Regional Headquarters anno ...; KO YONG-CHUL Reporter 2025.05.31

South Korean LPG Suppliers Announce Price Cuts for June Amid Favorable Market Conditions: SEOUL, South Korea – South Korea's leading liquefied petroleum gas (LPG) suppliers, SK Gas and E1, have announced a reductio ...; Hee Chan Kim Reporter 2025.05.31

South Korea's Central Government Debt Reaches KRW 1,141.2 Trillion in 2024 Amidst Improving Fiscal Transparency: South Korea's central government debt climbed to KRW 1,141.2 trillion (approximately $826 billion USD) in 2024, marking an increas ...; Hwang Sujin Reporter 2025.05.31

Bitcoin Extends Correction, Dips Below $105,000 Mark for First Time in 11 Days: Bitcoin, the world's leading cryptocurrency, is experiencing a prolonged correction after recently nearing a significant price pea ...; Graciela Maria Reporter 2025.05.31

Foreign Investors Make a Welcome Return to South Korean Equities After 10 Months: SEOUL – Foreign investors have returned to the South Korean stock market, snapping a nine-month selling streak in May with a ...; Global Economic Times Reporter 2025.05.31

India's Economy Surges to 8.2% Growth in FY2023-24, But Global Headwinds Loom for Future Fiscal Years: India's economy registered a robust performance in the fiscal year 2023-24 (April 2023-March 2024), with its Gross Domestic Produc ...; Eugenio Rodolfo Sanabria Reporter 2025.05.31

US Signals Demand for Major Defense Spending Hikes from Allies, Warns Against "Security-America, Economy-China" Balancing Act: SINGAPORE – US Defense Secretary Pete Hegseth's address at the Shangri-La Dialogue in Singapore appears to outline the incom ...; Ana Fernanda Reporter 2025.05.31

Volkswagen: From Automaker to Sausage King?: Wolfsburg, Germany – Volkswagen, the German automotive giant, is making headlines not just for its cars, but for its burgeon ...; Desk 2025.05.31

Haribo Sweets Recalled in the Netherlands Over Cannabis Contamination: Amsterdam, Netherlands – A significant recall has been initiated in the Netherlands for a specific batch of Haribo gummies a ...; Yim Kwangsoo Correspondent 2025.05.31

2025 Overseas Koreans Literature Award Kicks Off: Opening New Horizons for Korean Literature: The Overseas Koreans Agency is hosting the 27th Literature Award for Koreans worldwide, offering a total prize money of 29.5 milli ...; KO YONG-CHUL Reporter 2025.05.31

Argentina's Economic Outlook for 2025: Navigating Growth Amidst Challenges: As 2025 progresses, Argentina is poised for significant economic growth, with various international organizations and local analys ...; Greace Nunez Correspondent 2025.05.31

US GDP Shrinks in Q1 as Trump Tariffs Take Their Toll: The world's largest economy contracted at an annualized quarterly rate of 0.2% in the first quarter of 2025, a tenth of a percenta ...; Greace Nunez Correspondent 2025.05.31

U.S. Supreme Court Greenlights Deportation for Half-Million Migrants, Sparking Widespread Condemnation: WASHINGTON D.C. – In a move poised to trigger mass deportations, the U.S. Supreme Court on Friday delivered a significant vi ...; KO YONG-CHUL Reporter 2025.05.31

Trump Doubles Down on Tariffs, Vows 50% Levy on Steel and Aluminum Imports: Pittsburgh, Pennsylvania – In a significant escalation of his protectionist trade agenda, President Donald Trump today annou ...; Global Economic Times Reporter 2025.05.31

Hyundai Delivers First IONIQ 9 to U.S. Customers, Kicking Off Marketing Push: FOUNTAIN VALLEY, CA – Hyundai Motor America today announced the momentous first delivery of its highly anticipated large ele ...; Eunsil Ju Reporter 2025.05.31

US Most Favored Nation Drug Pricing Policy Could Significantly Impact Korean Biopharmaceutical Companies: The U.S. government's push to implement a "Most Favored Nation (MFN)" policy for drug pricing is poised to have a substantial impa ...; Pedro Espinola Special Correspondent 2025.05.31

Unsettling U.S.: "Something Big is Coming Within a Year": A pervasive sense of unease has settled over the American corporate landscape, with a significant majority of chief executive offi ...; KO YONG-CHUL Reporter 2025.05.31

US Clean Energy Sector Faces Significant Setbacks Amid Policy Shifts and Project Cancellations: Washington D.C. – The clean energy sector in the United States is experiencing substantial financial reversals and job losse ...; Eugenio Rodolfo Sanabria Reporter 2025.05.31