Global Economic Times

2026.06.27 (Sat)
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Seoul Metro to Ban Personal Mobility Devices and High-Capacity Lithium Batteries Starting July

SEOUL — Starting July 1, 2026, passengers will be prohibited from bringing personal mobility (PM) devices powered by lithium batteries and high-capacity lithium batteries into Seoul Metro statio
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

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Jumunjin Sunrise Festival Leaps Forward After 26 Years… Successfully Concludes with 6,000 Attendees: On the morning of the 2026 Year of the Red Horse (Byeong-o-nyeon), Jumunjin Beach in Gangneung—a flagship beach on the East ...; LEE YEON SIL Reporter 2026.01.05

Sino-South Korean Relations Thaw as Favorability Climbs Ahead of Presidential Visit: (C) Compass Edge BEIJING – As President Lee Jae-myung prepares for a state visit to China on January 4, a recent survey ind ...; Desk 2026.01.04

South Korea Ranks 4th Globally in Nation Brand and 17th in National Competitiveness: National Strength Proven by Rankings: The Institute for Industrial Policy Studies - National Competitiveness (IPSNC) announced that South Korea has once again demonstra ...; KO YONG-CHUL Reporter 2026.01.03

Will Highway Rest Area Food Prices Drop in the New Year?: (C) Fishing Camping Tour SEOUL — As the South Korean government moves to regain control over highway rest area operations t ...; Min Gyu Mi Reporter 2026.01.02

S. Korea to Offer Up to KRW 6.8 Million in EV Subsidies, Adding Incentives for Internal Combustion Engine Trade-ins: (C) IEEFA SEOUL — The Ministry of Climate, Energy and Environment announced on January 1 the "2026 Electric Vehicle Subsidy ...; Shin Yeju 2026.01.02

Free-Floating Planet Discovery: A Saturn-Mass Rogue World Found 10,000 Light-Years Away: (C) Phys.org DAEJEON – An international team of astronomers has discovered a "rogue planet"—a world drifting through ...; Graciela Maria Reporter 2026.01.02

Coupang Executive Testifies NIS Directed Overseas Confrontation to Recover Leaked Data: SEOUL – A senior executive from Coupang, South Korea’s e-commerce giant, testified before the National Assembly on Thu ...; KO YONG-CHUL Reporter 2026.01.02

Pope Leo XIV Congratulates Daejeon’s Sungsimdang Bakery on 70th Anniversary: (C) CAFOD DAEJEON — Pope Leo XIV has extended his heartfelt congratulations to Sungsimdang, a historic bakery based in Daej ...; HONG MOON HWA Senior Reporter 2026.01.02

Musinsa Issues ₩50,000 Coupon Pack to All Users, Eyes Rival Coupang’s Recent Missteps: (C) Musinsa SEOUL — Fashion e-commerce giant Musinsa has announced a large-scale promotional event, providing a ₩50,000 cou ...; Hwang Sujin Reporter 2026.01.02

ROK Defense Ministry Unveils "Semi-Fourth Branch" Plan: Marine Corps Commandant to be Promoted to Four-Star General: (C) Arirang TV SEOUL – In a landmark move to bolster the independence and operational capability of the Republic of Korea M ...; KO YONG-CHUL Reporter 2026.01.01

Luxury Polarization: Chanel Surpasses Louis Vuitton as "Heritage" Trumps Trends: (C) Apparel Resources SEOUL — In a shifting global economy, the divide within the luxury market is becoming more pronounced ...; Hwang Sujin Reporter 2026.01.01

Jeju Authorities Crack Down on Illegal Accommodations Disguised as Short-Term Rentals: (C) Medium JEJU ISLAND – The Jeju Provincial Autonomous Police announced on Tuesday that they have uncovered a significant ...; KO YONG-CHUL Reporter 2026.01.01

“Stories of Overseas Koreans Tailored to Student Perspectives... On-site Education for Over 6,000 Students Nationwide”: (C) Overseas Koreans Agency (OKA) The Overseas Koreans Agency (Commissioner Kim Kyoung-hyup) announced that throughout 2025, ...; KO YONG-CHUL Reporter 2025.12.30

U.S. Residential Electricity Rates Set to Surge Further in 2026, Emerging as Key Midterm Election Variable: (C) MPR News WASHINGTON — Rising electricity costs are becoming a central socioeconomic issue in the United States, as resi ...; Eunsil Ju Reporter 2025.12.30

Coupang Faces Probe Over Unpaid Severance Pay; 99 Labor Law Violations Recorded This Year Alone: SEOUL – Coupang, South Korea’s e-commerce giant currently under special prosecutor investigation for allegedly withhol ...; KO YONG-CHUL Reporter 2025.12.29

Samsung Biologics Employee Indicted for Smuggling 2,800 Secret Blueprints Hidden Under Clothes: (C) KBR Incheon, South Korea — A Samsung Biologics employee has been handed over to trial for leaking trade secrets, includ ...; Yim Kwangsoo Correspondent 2025.12.29

Silicon Valley Korean American Federation Successfully Hosts '2025 Korean American Awards': The Silicon Valley Korean American Federation (President Dong-ok Woo, Board Chair Hang-ja Yoon) successfully concluded the "Silico ...; KO YONG-CHUL Reporter 2025.12.29

'Digital Border' Rises: South Koreans Rush to Erase Social Media Ahead of U.S. Visits: (C) Pixabay SEOUL – For Kim Sang-jin (pseudonym), a 21-year-old university student in Seoul, the dream of becoming a diplom ...; ONLINE TEAM 2025.12.27

Cold Wave Hits Korea: Thermal Wear and Padded Jackets Fly Off the Shelves: (C) The Hans IndiaSEOUL — As a severe cold wave grips the Korean Peninsula, with perceived temperatures in Seoul plunging be ...; Min Gyu Mi Reporter 2025.12.27

End of the ‘Baby Exporter’ Era: South Korea to Halt Overseas Adoptions by 2029: (C) ABC News SEOUL — South Korea is officially moving to shed its long-standing and painful stigma as a "baby exporting nat ...; Hwang Sujin Reporter 2025.12.27