Global Economic Times

2026.06.27 (Sat)
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Government Slashes Petroleum Price Caps by 150 Won per Liter amid Easing Middle East Tensions: SEOUL — The South Korean government announced a decisive reduction in the maximum price caps for petroleum products, effecti ...; Yim Kwangsoo Correspondent 2026.06.27

Political Debates Spark Over Semiconductor "Windfall" Redistribution: As South Korea’s semiconductor industry rides the crest of an unprecedented AI-driven boom in 2026, a contentious debate has ...; Hee Chan Kim Reporter 2026.06.27

Google Play Hosts 'ChangGoo Alumni Day' to Accelerate Global Expansion for 760 Korean Startups: SEOUL – On June 25, 2026, Google Play, in collaboration with the Ministry of SMEs and Startups (MSS) and the Korea Institute ...; Min Gyu Mi Reporter 2026.06.27

Seoul Metro to Ban Personal Mobility Devices and High-Capacity Lithium Batteries Starting July: SEOUL — Starting July 1, 2026, passengers will be prohibited from bringing personal mobility (PM) devices powered by lithium ...; Kim Young Min Reporter 2026.06.27

Global Markets Expected to Continue AI-Driven Rally in H2 2026: The Korea Center for International Finance (KCIF) released its "Global Economic and Financial Market Outlook for the Second Half o ...; Desk 2026.06.27

South Korea Struggles to 3rd Place in World Cup Group Stage; Commentator Park Moon-sung Blasts Manager Hong Myung-bo’s Lack of Tactics: The South Korean national football team faces an uncertain future in the 2026 North and Central America World Cup after finishing ...; Kim Sungmoon Reporter 2026.06.27

BYD Unveils First Plug-in Hybrid ‘Sealion 6’ in Korea, Targeting Eco-Friendly Market at 37.5 Million Won: BUSAN — BYD Korea made a significant move in the domestic automotive market on June 26, unveiling its first plug-in hybrid ( ...; Eugenio Rodolfo Sanabria Reporter 2026.06.27

Kia’s Strategic Pivot: Accelerating Electrification Through SDV, PBV, and EREV Innovation: At the 2026 Busan Mobility Show held on June 26, Kia Corporation unveiled a comprehensive future mobility strategy centered on thr ...; Hwang Sujin Reporter 2026.06.27

Devastating Twin Earthquakes Strike Venezuela: Death Toll Rises Amid Humanitarian Crisis: CARACAS – Venezuela is currently grappling with the aftermath of one of the most catastrophic natural disasters in its moder ...; Pedro Espinola Special Correspondent 2026.06.27

Hyundai Motor Prioritizes "Customer Experience" Over Pricing: Aiming for Lifelong Loyalty with the New Avante: BUSAN, South Korea — At the 2026 Busan Mobility Show held at BEXCO on June 26, José Muñoz, President and CEO o ...; KO YONG-CHUL Reporter 2026.06.27

South Korea's Path to Round of 32 Grows Perilous Following Australia-Paraguay Draw: The South Korean men’s national football team faces an increasingly daunting challenge in its quest to reach the Round of 32 ...; Global Economic Times Reporter 2026.06.27

The True Face of Our Politics After Stripping Away the Mask of Fairness: Fairness has always been the central topic of every era. This was also the banner raised by a party born from the support of the y ...; KO YONG-CHUL Reporter 2026.06.27

The Word of a U.S. President Worth Less Than a Dollar: In the arena of international politics, the "words" spoken by a national leader are by no means mere rhetoric. They represent the ...; KO YONG-CHUL Reporter 2026.06.25

South Korea’s Bid for MSCI Developed Market Status Stalls Again: SEOUL — South Korea’s long-standing ambition to be reclassified as a "Developed Market" (DM) by Morgan Stanley Capital ...; Hee Chan Kim Reporter 2026.06.24

Canada’s Multi-Billion Dollar Submarine Race: Economic Benefits Take Center Stage as Decision Looms: OTTAWA — As the Canadian government nears a historic decision on the $60 billion Canadian Patrol Submarine Project (CPSP), t ...; Pedro Espinola Special Correspondent 2026.06.24

UN Secretary-General Urges AI Industry to Adopt Environmental Transparency Amid Rapid Infrastructure Expansion: LONDON — UN Secretary-General António Guterres has issued a stern call to action for the global artificial intelligen ...; Eunsil Ju Reporter 2026.06.24

Europe Suffers Under Record-Breaking Heatwave: Paris and Rome Take Emergency Measures: PARIS/ROME/LONDON — Europe is currently grappling with a historic and potentially dangerous heatwave, with temperatures cons ...; Greace Nunez Correspondent 2026.06.24

International Oil Prices Hit Four-Month Low as Shipping Resumes in Strait of Hormuz: NEW YORK – International oil prices extended their decline on Tuesday, June 23, 2026, dropping to their lowest levels in nea ...; Eugenio Rodolfo Sanabria Reporter 2026.06.24

Incheon Port Authority Overhauls Incentive Program to Boost Cargo Throughput: The Incheon Port Authority (IPA) has announced a significant restructuring of its long-standing incentive program, aiming to reinv ...; KO YONG-CHUL Reporter 2026.06.24

Labor and Management Begin Fierce Tug-of-War Over 2027 Minimum Wage: The annual battle over South Korea's minimum wage has officially commenced, with labor and management presenting starkly different ...; Yim Kwangsoo Correspondent 2026.06.24

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