Global Economic Times

2026.09.28 (Mon)
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Lotte On to Welcome Luxury Brands in a Major Expansion of its E-commerce Platform: SEOUL – Lotte On, the e-commerce platform of Lotte Shopping, is set to significantly expand its luxury offerings next month ...; Hwang Sujin Reporter 2025.01.31

DeepSeek Founder Liang Wenfeng: The Mysterious Genius Behind China's AI Revolution: Liang Wenfeng, the founder of DeepSeek, a Chinese AI model that delivers performance comparable to ChatGPT at a low cost, has garn ...; Graciela Maria Reporter 2025.01.31

Seoul's Young Adults Increasingly Living with Parents, Study Finds: SEOUL – A recent study by the Seoul Institute has revealed a growing trend among young adults in Seoul to live with their pa ...; Hwang Sujin Reporter 2025.01.31

KT Cloud Partners with Rackspace to Strengthen Cloud Native Technologies: Seoul, South Korea – KT Cloud, a leading cloud service provider in South Korea, announced on January 31st that it has partne ...; Global Economic Times Reporter 2025.01.31

DeepSeek's AI Model Shakes Silicon Valley, Sparks Interest in South Korea: Silicon Valley was recently shaken by news that DeepSeek's latest AI model is outperforming OpenAI's model in some tests. This new ...; ONLINE TEAM 2025.01.31

Niger Makes History as Africa's First Country Declared Free of Onchocerciasis: NIAMEY, Niger – In a landmark achievement for global health, Niger has been officially recognized as the first African natio ...; Graciela Maria Reporter 2025.01.31

Korean Mezzo-Soprano Yi-Kyoung Lee Celebrates 30th Anniversary with "My Way" Concert: SEOUL – Renowned Korean mezzo-soprano Yi-Kyoung Lee, the first Korean to win the prestigious Bellini International Vocal Com ...; Hwang Sujin Reporter 2025.01.31

Renowned Korean Traditional Dancers and Singers to Gather for Special Performance: Seoul, South Korea – Some of the most celebrated figures in Korean traditional arts will come together for the "2025 Han Eum ...; KO YONG-CHUL Reporter 2025.01.31

Allegations of Workplace Harassment Against Late MBC Weather Caster Oh Yo-anna Spark Investigation: SEOUL – Allegations of workplace harassment against the late Oh Yo-anna, a beloved weather caster for MBC, have surfaced, pr ...; Desk 2025.01.31

Korean Ministry Mandates Weekly Remote Work for Pregnant Employees: Seoul, South Korea – In a move aimed at promoting work-life balance and supporting employees' well-being, the Ministry of Pe ...; Hwang Sujin Reporter 2025.01.31

E-commerce Companies Dive into Luxury Goods Market Amidst Slowing Growth: SEOUL – In a bid to expand their customer base and boost sales, South Korean e-commerce giants are increasingly venturing in ...; Hwang Sujin Reporter 2025.01.31

Korea Boosts Investment Incentives for Local Businesses: To stimulate corporate investment in local areas, the ceiling for local investment subsidies will be raised from the current 100 b ...; KO YONG-CHUL Reporter 2025.01.31

Seoul's Seocho District Tops Average Apartment Transaction Price in 2024: Seoul – According to data provided by the Korea Real Estate Board to Rep. Lee Yeon-hee of the Democratic Party of Korea's La ...; Min Gyu Mi Reporter 2025.01.31

Jajangmyeon Prices Soar Over the Past Decade, Leading 'Noodle-flation': Among popular dining-out options in South Korea, the price of jajangmyeon (black bean noodles) has seen the most significant incre ...; Desk 2025.01.31

Wage Growth Lags Behind Soaring Inflation, Widening Income Disparity in South Korea: SEOUL – South Korea's workers are facing a growing income squeeze as wage growth has slowed for the second consecutive year ...; Hwang Sujin Reporter 2025.01.31

Special Education Teachers Champion Inclusive Physical Education for Students with Developmental Disabilities: Icheon, South Korea – A group of dedicated special education teachers is advocating for the development of inclusive physica ...; Min Gyu Mi Reporter 2025.01.31

Tesla to Launch Fully Autonomous Robotaxi Service in June, Plans for Low-Cost EV: Tesla is set to revolutionize urban transportation with the launch of its robotaxi service in June. CEO Elon Musk announced the am ...; Yim Kwangsoo Correspondent 2025.01.31

Soaring Food Prices Drive Inflation in South Korea: Seoul – A recent report by Statistics Korea has revealed that a staggering nine out of the top ten items that experienced th ...; Global Economic Times Reporter 2025.01.31

China's AI Offensive Intensifies, Challenging US Dominance: The reverberations of DeepSeek, a Chinese AI model delivering ChatGPT-level performance at a fraction of the cost, continue to sha ...; KO YONG-CHUL Reporter 2025.01.31

Korean Memory Industry Closely Monitoring Global Market Trends Following the Emergence of Chinese AI Model 'DeepSeek R1': The Korean memory industry is closely monitoring global market trends following the emergence of the Chinese artificial intelligen ...; KO YONG-CHUL Reporter 2025.01.31