Global Economic Times

2025.10.31 (Fri)
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Smartphone Overtakes In-Person Bank Visits for Fund Investment Sign-Ups: A survey by the Korea Financial Consumer Protection Foundation revealed that smartphones have surpassed in-person financial instit ...; Min Gyu Mi 2025.03.13

Asiana Airlines Secures Landmark Victory in $190 Million Contract Dispute with HDC Hyundai Development: Seoul, South Korea – Asiana Airlines and Kumho Construction have emerged victorious in a protracted legal battle against HDC ...; Desk 2025.03.13

Patent Dispute Escalates: LS Cable & System Wins Appeal, Damages Tripled Amidst Allegations of Tech Theft: In a significant legal victory, LS Cable & System, South Korea's leading cable manufacturer, has secured a decisive win in the ...; KO YONG-CHUL 2025.03.13

Kim Soo-hyun Controversy Triggers Industry Panic: Brands Sever Ties Amidst Allegations: South Korean actor Kim Soo-hyun is embroiled in a burgeoning controversy stemming from allegations of a past relationship with act ...; Global Economic Times 2025.03.13

Supreme Court Upholds $5 Million Fine Against Meta for Unauthorized Data Sharing: Seoul, South Korea - The Supreme Court of South Korea has ruled that a fine of 6.7 billion won (approximately $5 million USD) impo ...; Desk 2025.03.13

South Korea Vows Swift Action on Housing Market Surge, Threatens Reinstatement of Land Transaction Permit Zones: Seoul, South Korea – In a concerted effort to stabilize the housing market, the South Korean government and the Seoul Metrop ...; ONLINE TEAM 2025.03.13

South Korea's Private Education Costs Skyrocket, Exposing Policy Failures: Seoul, South Korea – South Korea's relentless pursuit of academic excellence has driven private education expenditures to an ...; KO YONG-CHUL 2025.03.13

All Major Credit Card Companies in South Korea Suspend Homeplus Gift Card Transactions Amid Rehabilitation Concerns: Seoul, South Korea – In a coordinated move, all nine major credit card companies in South Korea have halted transactions inv ...; Desk 2025.03.13

The Born Korea CEO Apologizes Amidst Mounting Controversies: Seoul, South Korea – Baek Jong-won, the prominent chef and CEO of The Born Korea, has issued a formal apology following a se ...; KO YONG-CHUL 2025.03.13

Lithuanian Central Bank Adjusts GDP Growth Forecast Amidst Steady Economic Expansion: VILNIUS – The Bank of Lithuania (LB) has revised its economic growth projections, forecasting a 2.9% increase in Gross Domes ...; Desk 2025.03.13

Lithuania Exits Cluster Munitions Treaty, Citing Security Concerns Amidst Russian Aggression: VILNIUS – Lithuania has officially withdrawn from the Convention on Cluster Munitions, an international treaty that prohibit ...; Graciela Maria 2025.03.13

Ignitis Group Expands Green Energy Portfolio with Landmark Hybrid Power Plant Acquisition in Lithuania: VILNIUS – Ignitis Group, a leading international energy company, has announced a significant expansion of its renewable ener ...; Eugenio Rodolfo Sanabria 2025.03.13

NATO Forces Demonstrate Combat Readiness in Lithuania with Large-Scale Live Fire Exercise: RUKLA, Lithuania – NATO's Multinational Battle Group Lithuania (MN BG LTU) recently concluded a significant live fire exerci ...; ONLINE TEAM 2025.03.13

Libya Development Fund Awards Major University Reconstruction Contract to Turkish Firm: AL-BEIDA, Libya – The Libya Development and Reconstruction Fund (LDRF), under the direction of Director General Belgassem Kh ...; Pedro Espinola 2025.03.13

Libya Intensifies Migrant Deportations Amid Calls for International Aid: Tripoli, Libya – The Libyan Illegal Migration Control Department has ramped up efforts to repatriate migrants, deporting 160 ...; Yim Kwangsoo 2025.03.13

Libya Launches 2025 Bidding Round for 22 Oil and Gas Exploration Areas: Launched on March 3, 2025, the bid round includes 22 exploration areas, covering major oil and gas basins which the Libyan player ...; Pedro Espinola 2025.03.13

Vietnam and Laos Forge Stronger Trade Ties with Border Upgrade: Kon Tum Province, Vietnam – In a move aimed at bolstering economic cooperation and streamlining trade, Vietnam's Kon Tum Pro ...; Eugenio Rodolfo Sanabria 2025.03.13

Laos and Thailand Strengthen Collaborative Efforts to Combat Human Trafficking: Vientiane, Laos – March 13, 2025 – In a concerted effort to address the persistent issue of human trafficking, high-le ...; Yim Kwangsoo 2025.03.13

Kuwait Oil Sector Poised for Profit Surge Amid OPEC+ Production Increase: KUWAIT CITY – Kuwait's oil sector is anticipating a significant rebound in profits for the 2025/2026 fiscal year, according ...; KO YONG-CHUL 2025.03.13

Jazeera Airways to Insource Ground Handling, Drive Efficiency and Growth: Kuwait’s leading low-cost carrier, Jazeera Airways, has announced a strategic initiative to insource its ground handling ser ...; Desk 2025.03.13