Global Economic Times

2026.08.11 (Tue)
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Shinsegae Chairman Chung Yong-jin Faced with Legal Complaints Over Starbucks ‘Tank Day’ Controversy: SEOUL — Shinsegae Group Chairman Chung Yong-jin and former Starbucks Korea CEO Son Jung-hyun are facing formal criminal comp ...; KO YONG-CHUL Reporter 2026.05.21

Nvidia Hits Record Revenue for 12th Consecutive Quarter, Yet After-Hours Shares Edge Lower: NEW YORK — Nvidia, the world’s most valuable company by market capitalization, has delivered yet another consensus-sha ...; Ana Fernanda Reporter 2026.05.21

HMM Tanker Begins Safe Passage Through Strait of Hormuz; Foreign Minister Cho Says Negotiations Underway for Remaining 25 Vessels: SEOUL — A South Korean ultra-large crude carrier trapped in the Strait of Hormuz has successfully initiated its passage thro ...; Hwang Sujin Reporter 2026.05.21

South Korea’s Mid-May Exports Hit Record High of $52.7 Billion, Propelled by Semiconductor Boom: SEOUL — South Korea’s exports during the first 20 days of May surged to a historic high for the period, driven by an e ...; Global Economic Times Reporter 2026.05.21

Samsung Electronics Narrowly Avoids Strike with Landmark Compensation Deal: SUWON, South Korea — Samsung Electronics management and its labor union have reached a dramatic tentative agreement on wage ...; KO YONG-CHUL Reporter 2026.05.21

Chinese Semiconductor Hub Shanghai Courts South Korean Suppliers to Bypass U.S. Tech Blockade: SEOUL — Amid intensifying pressure from United States supply chain restrictions, China's semiconductor industry is aggressiv ...; Global Economic Times Reporter 2026.05.19

Ministry of SMEs and Startups Doublos Support for Open Innovation to Boost Startup Growth Ladder: SEOUL — The South Korean government is significantly expanding its public-private cooperative open innovation initiative to ...; Cho Kijo Reporter 2026.05.19

Elon Musk Loses Lawsuit Against OpenAI as Court Rules Statute of Limitations Has Expired: OAKLAND, California — Tesla Chief Executive Elon Musk has lost his high-stakes legal battle against OpenAI after a federal j ...; Eunsil Ju Reporter 2026.05.19

Anthropic Permits External Sharing of Cyber Threat Intelligence Derived from 'Mythos' AI: WASHINGTON — Anthropic has updated its policy to allow users of its defense-specialized, next-generation artificial intellig ...; Graciela Maria Reporter 2026.05.19

FTC Slams Korea's Top 5 Courier Giants with 3 Billion Won Fine Over 'Unfair Contracts': SEOUL — South Korea’s antitrust watchdog has hit the nation’s five major logistics companies with a combined fin ...; Hwang Sujin Reporter 2026.05.19

Samsung Electronics Union to Push Ahead with May 21 Strike Despite Court Injunction: SUWON, South Korea — Despite a court ruling that largely granted Samsung Electronics’ request for an injunction agains ...; Yim Kwangsoo Correspondent 2026.05.19

National Pension Service and U.S. SSA Partner for In-Person Consultations to Resolve Pension Delivery Issues: SEOUL — South Korean residents eligible for U.S. social security benefits will now face fewer administrative hurdles. The Na ...; Pedro Espinola Special Correspondent 2026.05.19

K-Bank’s SOHO Loan Portfolio Surpasses 3 Trillion Won, Striking a Perfect Balance Between Growth and Financial Health: K-bank, a leading South Korean internet-only bank, announced on May 18 that its outstanding loan balance for sole proprietors and ...; Desk 2026.05.19

Iran Raises 'False Flag' Possibility Over Attack on South Korean Vessel, Blames US and Israel for Regional Instability: SEOUL/TEHRAN — The Iranian Foreign Ministry announced on Monday (local time) that it shares South Korea’s skepticism r ...; Eugenio Rodolfo Sanabria Reporter 2026.05.19

Will Samsung Finally Unlock the Smart Glasses Era After a Decade of Anticipation?: SEOUL — The smart glasses market is showing signs of a major revival after more than a decade of stagnation. Industry observ ...; Kim Sungmoon Reporter 2026.05.19

Survival of the Fittest: Global Automakers Enter Fierce 'AI Talent Arms Race': DETROIT — The global automotive industry has officially entered a high-stakes "talent arms race," aggressively restructuring ...; Hwang Sujin Reporter 2026.05.19

Samsung Electronics Q1 Salaries Hit Record High, Averaging $9,000 a Month: SEOUL — Employees at Samsung Electronics received an average gross compensation of approximately 36 million won ($27,000 USD ...; Desk 2026.05.19

U.S. Approves $4.2 Billion Arms Sale to South Korea, Including 42 Multi-Mission Helicopters and Apache Upgrades: WASHINGTON — The Trump administration has approved a massive military sale to South Korea, encompassing multi-mission mariti ...; Ana Fernanda Reporter 2026.05.19

President, Court Move to Check Looming Samsung Electronics Strike: SEOUL — South Korean President Lee Jae-myung and the judiciary have both moved to check a looming strike by Samsung Electron ...; Desk 2026.05.19

Korean Air to Slashing International Fuel Surcharges for June, Easing Burden on Long-Haul Travelers: SEOUL — International flight ticket prices to long-haul destinations, including the United States and Europe, are expected t ...; KO YONG-CHUL Reporter 2026.05.19