Global Economic Times

2026.08.12 (Wed)
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Chungbuk Demonstrates Competitiveness as an International MICE City for AI and Robotics

Chungbuk is strengthening its competitiveness as an international MICE city by combining future industries, such as AI and robotics, with cultural tourism. The Chungbuk Cultural Foundation announced
Ansan City Pay-as-You-Throw Trash Bag Abandoned in Japan Sparks Controversy in Kamikochi

A growing controversy has erupted after a large quantity of garbage, contained inside an official 20-liter pay-as-you-throw trash bag bearing the logo of Ansan City, Gyeonggi Province, South Korea, wa

MINISTRY OF EMPLOYMENT AND LABOR DIRECTS IMMEDIATE EXPANSION OF REST FACILITIES AT GIMPO AIRPORT AFTER UNANNOUNCED HEATWAVE INSPECTION

SEOUL — South Korea’s Minister of Employment and Labor, Kim Young-hoon, conducted an unannounced safety inspection at Gimpo International Airport on August 8 to evaluate working conditions

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Trump Criticizes U.S. Congressional AI Regulations as Threat to Tech Industry: WASHINGTON — U.S. President Donald Trump has issued a sharp rebuke against congressional efforts to regulate artificial inte ...; Ana Fernanda Reporter 2026.08.09

Record Heatwave Grips South Korea: Daily Heat Illnesses Surge Ninefold Year-Over-Year: SEOUL — A severe heatwave sweeping across South Korea has triggered a dramatic surge in heat-related emergency hospitalizati ...; KO YONG-CHUL Reporter 2026.08.08

'Just 18 Months After Completion'… Exterior Terrace Collapses at Newly Built High-Rise in Songdo, Incheon: INCHEON — A terrifying structural failure has struck one of South Korea's premier smart city districts. Just a year and a ha ...; Kim Sungmoon Reporter 2026.08.08

President Lee Jae-myung Bestows Ceremonial Sword Ribbons on Newly Promoted Generals: SEOUL — South Korean President Lee Jae-myung hosted a solemn conferral ceremony at the Blue House on Friday, presenting cere ...; Hwang Sujin Reporter 2026.08.08

Kakao Resolves Historic Labor Dispute with 6.3% Salary Hike and Special Bonus: SEONGNAM, South Korea — Kakao Corp. has officially finalized its 2026 wage agreement, bringing a resolution to months of sha ...; Global Economic Times Reporter 2026.08.08

North Korea Launches Short-Range Ballistic Missile into East Sea; Seoul Demands Immediate Halt: SEOUL — North Korea launched a short-range ballistic missile off its eastern coast on Thursday, marking its first ballistic ...; Global Economic Times Reporter 2026.08.07

HD Hyundai Cultivates 'U.S.-Korea Shipbuilding Alliance', Accelerates Cooperation with Top U.S. Defense Shipbuilder: HD Hyundai is stepping up momentum in building a robust U.S.-Korea naval and defense shipbuilding alliance by accelerating technol ...; Global Economic Times Reporter 2026.08.06

Korea Tourism Organization to Foster K-Global Festivals Featuring Fairness, Hospitality, and Unique Experiences: The Ministry of Culture, Sports and Tourism (MCST) and the Korea Tourism Organization (KTO) declared the foreign tourist hospitali ...; HONG MOON HWA Senior Reporter 2026.08.04

KOSPI’s Drop to 6,000 Level Presents Buying Opportunity; Recovery to 9,300 Within Reach This Year, Says Daeshin Securities: SEOUL — Following a sharp 5% decline that pulled the KOSPI back down to the 6,200 level on August 3—just after a recor ...; Hee Chan Kim Reporter 2026.08.04

Former Samsung Executive and Senior Researcher Arrested Over Massive DRAM Semiconductor Tech Leak to China: SEOUL — South Korean law enforcement authorities have formally detained a veteran semiconductor expert who previously held e ...; KO YONG-CHUL Reporter 2026.08.02

Who Pays for Premium Hanwoo Ads and Supermarket Pork Discount Sales? Unveiling the Farmers' 'Shared Wallet': SEOUL — When consumers watch glossy television commercials promoting Korean native beef (Hanwoo) or purchase discounted pork ...; Hee Chan Kim Reporter 2026.08.02

Why There Is No High-Speed Rail Between Gwangju and Busan: How Seoul-Centric Tracks Are Draining South Korea’s Regions: SEOUL — In South Korea’s world-renowned high-speed rail network, almost every track points in one direction: Seoul. Ye ...; Min Gyu Mi Reporter 2026.08.01

The Hidden Kitchen Hazard: Why Washing Raw Chicken Could Cause a Food Poisoning Disaster: When preparing a hearty chicken soup or dish, many home cooks instinctively rinse raw chicken under a running faucet. However, hea ...; Hwang Sujin Reporter 2026.08.01

U.S. Army Tests Maritime 'Hammer of the Gods' Electronic Warfare System: WASHINGTON — The U.S. Army has successfully conducted maritime operational tests for a cutting-edge electronic warfare syste ...; Greace Nunez Correspondent 2026.08.01

South Korea and Chile Reaffirm Strategic Alliance with Modernized FTA and Critical Minerals Partnership: SANTIAGO / SEOUL — South Korean President Lee Jae-myung and First Lady Kim Hye-kyung officially concluded their state visit ...; Eugenio Rodolfo Sanabria Reporter 2026.08.01

President Lee Jae-myung Arrives in Argentina, Marking First South Korean Presidential Visit in 22 Years: BUENOS AIRES — South Korean President Lee Jae-myung arrived at Ezeiza International Airport in Buenos Aires on July 30 (loca ...; Global Economic Times Reporter 2026.08.01

Lotte Card Fined ₩5B and Handed 1.5-Month Business Suspension Over Massive Data Breach: SEOUL — South Korea’s top financial regulator, the Financial Services Commission (FSC), officially decided on Friday t ...; KO YONG-CHUL Reporter 2026.08.01

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

FSC Slams Young Poong with Record $14.7 Million Fine Over Deliberate Accounting Fraud: SEOUL — South Korea’s financial regulator has handed down a record-breaking 20.47 billion won (approximately $14.7 mil ...; Hwang Sujin Reporter 2026.07.18

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