Global Economic Times

2026.06.27 (Sat)
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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 International (MSCI) has faced another setback. In its 20
President Lee Steps Up Regional Growth Blueprint, Putting AI and Chips at the Center

SEOUL — President Lee Jae-myung is set to hold a series of high-level meetings with the leaders of South Korea’s semiconductor giants, Samsung Electronics and SK Group, to finalize an ambi

Is the AI Investment Frenzy a Giant Warning Sign? Wall Street Raises Concerns About Potential Bubble

The fervor surrounding artificial intelligence (AI) has reached a fever pitch, with capital flooding into the sector at an unprecedented scale. However, a recent report by the Wall Street Journal (WSJ

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Two South Korean-Operated Vessels Exit Strait of Hormuz Following U.S.-Iran Ceasefire Agreement: In a significant development following the recent ceasefire agreement between the United States and Iran, two vessels operated by ...; Desk 2026.06.22

Early Summer Heat Waves Drive Surge in Convenience Store Sales at Coastal Locations: The summer peak season for the convenience store industry has arrived earlier than ever this year, driven by a combination of unse ...; Hwang Sujin Reporter 2026.06.22

President Lee Calls for Constitutional Reform of Election Commission Amid Controversy: Seoul – President Lee Jae-myung has ignited a significant political debate by proposing a “one-point constitutional am ...; KO YONG-CHUL Reporter 2026.06.20

The "BTS Effect": How a K-Pop Mega-Event Transformed Busan’s Economy: The recent solo concert series by global icons BTS in Busan has proven that K-pop is not just a cultural phenomenon, but a potent ...; Min Gyu Mi Reporter 2026.06.20

Coffee Grounds in the Garden: A Natural Pesticide or a Risky Habit?: For many, a morning cup of coffee is an essential ritual. While most of us simply discard the leftover liquid or spent grounds, a ...; Yim Kwangsoo Correspondent 2026.06.20

Beyond the Propaganda: North Korea’s "Luxury" Food Display and the Reality of Growing Inequality: From vibrant "golden watermelons" and apple-sized watermelons to processed snacks like popcorn, fruit-flavored yogurt, and jellies ...; KO YONG-CHUL Reporter 2026.06.20

Messaging Industry Pushes Back Against New Anti-Spam Regulations, Citing 'Inefficiency and Structural Flaws': SEOUL — The South Korean messaging industry is raising strong objections to the government’s recently legalized "Messa ...; Hwang Sujin Reporter 2026.06.18

Asking about the Future of ‘Hangeul City Ulsan’… Special Lecture by Novelist Kim Jin-myung to be Held: Ulsan Metropolitan City is set to host a meaningful event where citizens can explore the future value of Hangeul, the root of our ...; Global Economic Times Reporter 2026.06.17

Seoul City Council Proposes Ordinance to Expand Free Public Transit for Seniors to Buses: SEOUL — The Seoul Metropolitan Council is currently deliberating a potential expansion of public transportation fare subsidi ...; Hwang Sujin Reporter 2026.06.16

Rediscovering a ‘World Where People Live’ 20 Years After the Hwang Woo-suk Scandal: A New Era of Science and Collective Intelligence: SEOUL — On June 12, the National Assembly of the Republic of Korea became the stage for a significant milestone in civic dis ...; HONG MOON HWA Senior Reporter 2026.06.15

'K-Medicine' Sweep Drives Foreign Medical Spending in Korea to Record High of 250 Billion Won: - Over-the-counter items like skin regeneration creams, acne treatments, and traditional pain-relief patches fuel the retail boom. ...; Hee Chan Kim Reporter 2026.06.14

"More Than in Winter": Why Stray Cats Hide in Car Engine Rooms in June: The sight of a stray cat curled up inside a car's engine room is a familiar story during the freezing winter months, as animals lo ...; Ana Fernanda Reporter 2026.06.14

Beyond the Numbers: The Science of ‘11 Brix’ and the Secret to Picking the Perfect Watermelon: SEOUL — As the scorching summer heat begins to settle over the Korean Peninsula, supermarkets and local grocery stores are p ...; Kim Sungmoon Reporter 2026.06.14

Samsung Electronics Launches 12th Annual Programming Challenge for University Students to Foster Tech Talent: SEOUL — Samsung Electronics announced on Thursday that it has officially opened applications for the 12th Samsung Collegiate ...; Kim Sungmoon Reporter 2026.06.13

SAMSUNG, FERRARI LEAD NEW ERA OF KOREA-ITALY ECONOMIC ALLIANCE IN ROME: ROME — The South Korea-Italy Business Roundtable, held on June 12 (local time) to mark President Lee Jae-myung’s state ...; KO YONG-CHUL Reporter 2026.06.13

4 in 10 New Property Owners in Seoul are First-Time Buyers, Led by 30s: SEOUL — Over 40 percent of real estate buyers in Seoul this year were first-time homebuyers, marking the highest proportion ...; Hwang Sujin Reporter 2026.06.11

Strengthening Copyright Infringement Cooperation with 5 Overseas Countries… Joint Response to ‘Illegal Distribution of K-Content’: (c) Ministry of Culture, Sports and Tourism The Ministry of Culture, Sports and Tourism (MCST), together with the Korea Copyright ...; KO YONG-CHUL Reporter 2026.06.09

MyRealTrip CTO Selected as Key Speaker for Anthropic’s Global Developer Conference in Tokyo: SEOUL, June 8 — MyRealTrip, South Korea’s leading travel "super-app," announced today that its Chief Technology Office ...; Desk 2026.06.08

SKT and Nvidia Join Forces to Build Gigawatt-Scale 'AI Factories' Across Asia, Starting in Korea by 2027: SEOUL — SK Telecom (SKT) and Nvidia have announced a landmark partnership to co-build gigawatt (GW)-scale Artificial Intelli ...; KO YONG-CHUL Reporter 2026.06.08

Opening a 'New Horizon' for Korea-Pakistan Economic Cooperation… Exchange Event Successfully Held in Changwon: On June 1, a meaningful exchange event was successfully held in Changwon, Gyeongsangnam-do, consolidating the business partnership ...; LEE YEON SIL Reporter 2026.06.05

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