Global Economic Times

2026.08.11 (Tue)
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EU Hits Google with €890 Million Fine Under Digital Markets Act, Triggering Sharp Backlash from Washington: BRUSSELS / WASHINGTON — The European Union has reignited transatlantic trade tensions by imposing a massive penalty on U.S. ...; Eugenio Rodolfo Sanabria Reporter 2026.07.25

KAIST and NVIDIA Partner to Establish $300 Million AI Joint Research Center in Korea: SEOU — The Korea Advanced Institute of Science and Technology (KAIST) announced on Friday that it will establish the "NVIDIA ...; Yim Kwangsoo Correspondent 2026.07.25

Hanwha Ocean Bolsters Alliances with U.S. Partners to Drive Forward "MASGA" Shipbuilding Initiative: WASHINGTON, D.C. — Major South Korean defense and commercial shipbuilder Hanwha Ocean has forged comprehensive strategic par ...; Eunsil Ju Reporter 2026.07.25

Government Extends 5.2 Trillion Won in Loans for Homeplus Suppliers to Minimize Damage to Workers and SMEs: The South Korean government has implemented a comprehensive financial support package to cushion the economic fallout following th ...; KO YONG-CHUL Reporter 2026.07.25

Samsung Electronics Reassigns CSS Power Semiconductor Staff to Memory and Foundry Divisions: SEOUL — Samsung Electronics has initiated a phased internal workforce reallocation, transferring personnel from its Compound ...; Kim Young Min Reporter 2026.07.25

BOK Governor Hyunsong Shin Discloses 8.2 Billion Won in Assets, Moves to Liquidate Foreign Assets Amid Ethics Scrutiny: SEOUL — Bank of Korea (BOK) Governor Hyunsong Shin has officially disclosed a total personal net worth of 8.22 billion won ( ...; Kim Sungmoon Reporter 2026.07.25

S. Korea Accelerates Leveraged ETF Rules: ₩30M Cash Deposit Required Starting July 31: Financial authorities in South Korea have announced an accelerated timeline for tightening regulations on single-stock leveraged p ...; Hwang Sujin Reporter 2026.07.25

“From AI to Robotics and Safety”: 80 Innovative Products Enter South Korea's Public Market: DAEJEON, South Korea — South Korea’s Public Procurement Service (PPS) announced on July 24 that it held the "3rd Innov ...; HONG MOON HWA Senior Reporter 2026.07.25

Woori Financial Group Achieves Q2 Earnings Turnaround, Posting $1.16B First-Half Net Profit Fueled by Non-Banking Surge: SEOUL — Woori Financial Group announced on July 24, 2026, that it achieved a consolidated net profit of 1.609 trillion KRW ( ...; Global Economic Times Reporter 2026.07.25

SK Chairman Chey Tae-won Ordered to Pay $680 Million in Landmark Divorce Settlement; Foreign Media Dubs Case "Real-Life K-Drama": In a historic ruling that concludes a decade-long legal battle, a South Korean court has ordered SK Group Chairman Chey Tae-won to ...; Desk 2026.07.25

President Lee Embarks on 5-Nation Tour of the Americas and Germany... Full Focus on Advanced Industries and Supply Chain Diversification: President Lee Jae-myung is embarking on a major 7-night, 11-day overseas tour spanning the Americas and key European nations. The ...; KO YONG-CHUL Reporter 2026.07.25

2026 Osong Cosmetics & Beauty Expo Marks D-90 Countdown: Championing K-Beauty’s Global Growth: CHEONGJU, SOUTH KOREA — With exactly 90 days remaining, the countdown has officially begun for the 2026 Osong Cosmetics & ...; HONG MOON HWA Senior Reporter 2026.07.24

Inflation Pressures Persist Despite Lower Oil Prices: Korea's Supply Price Index Hits 47-Month High: SEOUL — South Korea’s producer price growth stalled in June for the first time in nine months as tumbling global oil p ...; Kim Sungmoon Reporter 2026.07.24

Alphabet’s Aggressive AI Capex Expansion Dispels ‘Peak-Out’ Fears, Triggering Powerful Semiconductor Rally: SEOUL & SILICON VALLEY — Concerns over an impending ‘peak-out’ in artificial intelligence (AI) investments a ...; Hwang Sujin Reporter 2026.07.24

Bank of Korea Overhauls ₩30 Trillion Intermediary Lending Facility to Boost SMEs and Regional Economies: SEOUL — The Bank of Korea (BOK) has unveiled a comprehensive overhaul of its 30 trillion won ($21.8 billion) Bank Intermedia ...; KO YONG-CHUL Reporter 2026.07.24

South Korea Launches Comprehensive ‘Agentic AI Initiative’ to Secure Global Leadership in Execution-Centric AI Ecosystems: SEOUL — South Korea has officially unveiled an ambitious national roadmap titled the "Agentic AI Initiative," aimed at pre-e ...; Desk 2026.07.24

U.S. Re-designates South Korea on Foreign Exchange Monitoring List While Commending Market Liberalization Progress: WASHINGTON & SEOUL — The U.S. Department of the Treasury has once again included South Korea on its foreign exchange mon ...; Global Economic Times Reporter 2026.07.24

US Finalizes Section 301 ‘Forced Labor Tariffs’ on 60 Nations; South Korea Hit with 12.5% Duty: WASHINGTON / SEOUL — The Donald Trump administration on Thursday (July 23, local time) finalized additional tariffs ranging ...; Global Economic Times Reporter 2026.07.24

Daejeon Confirmed to Host the 2029 Invictus Games… First in Asia: Daejeon, Republic of Korea, has been officially selected as the host city for the 2029 Invictus Games, an international adaptive s ...; HONG MOON HWA Senior Reporter 2026.07.21

Coupang’s ‘Chameleon Management’ Arbitrarily Switching Its Nationality: Coupang, an e-commerce giant used by 14 million South Korean citizens, is showing an unprecedented "two-faced" stance depending on ...; KO YONG-CHUL Reporter 2026.07.21

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