Global Economic Times

2026.05.15 (Fri)
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K-Beauty Soars: South Korea's Cosmetics Exports Hit Record High: South Korea's cosmetics industry has achieved a remarkable milestone, with exports surpassing $10 billion in 2024, marking a 20.6% ...; Hwang Sujin Reporter 2025.01.06

Incheon City Expands Permitted Uses in North Port Backland: In a move to stimulate economic growth and reduce regulatory burdens on businesses, the city of Incheon has announced the relaxati ...; KO YONG-CHUL Reporter 2025.01.06

South Korea Enters a New Era: Navigating the Challenges and Opportunities of a Super-Aged Society: South Korea has officially joined the ranks of nations with super-aged populations, as of December 23, 2024. With over 20% of its ...; KO YONG-CHUL Reporter 2025.01.06

Jeju's Elevator Boom Raises Safety Concerns: The construction boom on Jeju Island, fueled by a surge in residents over the past decade, has led to a dramatic increase in the n ...; Global Economic Times Reporter 2025.01.06

South Korea Weighs Abolishing Presidential Security Service: A heated debate is raging in South Korea over the future of the Presidential Security Service (PSS). Proponents are calling for th ...; KO YONG-CHUL Reporter 2025.01.06

News Article: AI Revolutionizes Finance, Deloitte Report Finds: Artificial Intelligence (AI), especially generative AI, is reshaping the financial industry at an unprecedented pace, according to ...; Global Economic Times Reporter 2025.01.06

Telecom Giants Step Up to Aid Jeju Air Crash Victims: Seoul, South Korea – South Korea's major telecommunications companies, SK Telecom, KT, and LG U+, are expanding their suppor ...; Global Economic Times Reporter 2025.01.06

ShoppingNty's Short-Form Videos Boost Sales by Nearly 300%: Seoul, South Korea – ShoppingNty, a popular T-commerce channel in South Korea, has reported a staggering 192% increase in ne ...; Hwang Sujin Reporter 2025.01.06

Dongwon Group Chairman Jae-Cheol Kim Pledges Additional 4.4 Billion Won to Boost KAIST's AI Capabilities: Daejeon, South Korea – Dongwon Group Honorary Chairman Jae-Cheol Kim has reaffirmed his commitment to advancing artificial i ...; HONG MOON HWA Senior Reporter 2025.01.06

Deepfakes: From Technological Novelty to Serious Crime: Seoul, South Korea – Deepfake technology, once seen as a harmless digital novelty, has rapidly evolved into a potent tool fo ...; KO YONG-CHUL Reporter 2025.01.06

Costa Serena Sets Sail from Incheon, Marking a Resurgence in Cruise Tourism: Incheon, South Korea – The Costa Serena, a 114,000-ton cruise ship operated by Italy's Costa Cruises, made a grand departure ...; KO YONG-CHUL Reporter 2025.01.06

Ulsan SMEs Invited to Apply for Export Support Programs: Ulsan, South Korea – The Ulsan Regional Small and Medium Enterprise Administration (Ulsan SME) is inviting applications for ...; Global Economic Times Reporter 2025.01.06

Gyeongnam Province's Hospital Ship Embarks on New Mission: Goseong, South Korea – The Gyeongnam Province hospital ship kicked off its annual medical service on January 6th, setting sa ...; Global Economic Times Reporter 2025.01.06

Nursing Assistants Gain Ground in South Korea's Healthcare System: Seoul, South Korea – In a significant development for South Korea’s healthcare sector, nursing assistants have secured ...; Desk 2025.01.06

South Korea's Birthrate Sees First Increase in Nine Years: Seoul, South Korea – South Korea's birthrate has unexpectedly rebounded, marking the first increase in nine years, according ...; KO YONG-CHUL Reporter 2025.01.06

Gyeonggi-do Invests Heavily in Northern Region Development Ahead of Special Self-Governing Province: Seoul, South Korea – Gyeonggi-do province has announced a significant investment of 526.5 billion won to bolster infrastruct ...; Desk 2025.01.06

South Korean Healthcare Sector Faces Turbulent Year in 2025: Seoul, South Korea – The South Korean healthcare sector is bracing for a tumultuous year in 2025, as inter-professional conf ...; KO YONG-CHUL Reporter 2025.01.06

Korean Healthcare Manufacturers Post Strong Q2 Results: Seoul, South Korea – The Korean healthcare manufacturing industry continued its upward trajectory in the second quarter of 2 ...; ONLINE TEAM 2025.01.06

FDA Modernizes Drug Approval and Management System: Seoul, South Korea – The Ministry of Food and Drug Safety (MFDS) announced on [date] a significant overhaul of its drug appr ...; Desk 2025.01.06

Luratec Makes Inroads into US Market with Innovative Knee Replacement: Luratec, a South Korean medical device company specializing in orthopedic implants, has announced its successful export of its Cen ...; Desk 2025.01.06