Global Economic Times

2026.05.08 (Fri)
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South Korea Elevates Public Sector AI Expertise: MOIS Launches Elite 'AI Champion' Training Program

SEOUL – In a decisive move to accelerate the digital transformation of government services, South Korea’s Ministry of the Interior and Safety (MOIS) officially launched the "2026 AI
Apple Faces Double Legal Blow: Supreme Court Rejects Fee Appeal While Tech Giant Settles ‘Siri’ Misleading Ad Lawsuit for $250 Million

CUPERTINO, Calif. – Tech titan Apple Inc. has encountered a significant double-front legal setback this week. The U.S. Supreme Court has dealt a blow to Apple’s long-standing battle over A

Global Pay Parity Demands Shaking Tech Giants: Samsung and SK Hynix Face Rising Labor Unrest in China

(C) Business Today Malaysia SEOUL — The ripples of aggressive labor demands in South Korea are now crossing borders, creating a geopolitical headache for the world’s leading semiconducto

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Fitch Maintains Uruguay's 'BBB' Rating; Economic Strengths and Risks Coexist: On September 22, 2025, Fitch maintained Uruguay's credit rating at 'BBB' with a 'stable' outlook. This means that Uruguay is class ...; Global Economic Times Reporter 2025.09.23

Unification Church Head Han Hak-ja Arrested in Growing Corruption Scandal: SEOUL—In a dramatic turn for the Unification Church, its leader, Han Hak-ja, was arrested on Tuesday, a pivotal moment in th ...; KO YONG-CHUL Reporter 2025.09.23

APEC Summit: Gyeongju Hosts, but Seoul Poised to Be the Stage for Crucial Bilateral Talks: SEOUL—As the ancient city of Gyeongju prepares to host the 2025 APEC Economic Leaders' Meeting in late October, a curious de ...; Hwang Sujin Reporter 2025.09.22

South Korean 'Yong Hyung-nim' Crime Ring, Based in Thailand, Busted for Romance Scams and 'No-Show' Fraud: SEOUL—Twenty-five members of the 'Yong Hyung-nim' (meaning 'Dragon Brother's Company') crime ring, a voice phishing organiza ...; Global Economic Times Reporter 2025.09.22

Korean Government to Dramatically Increase Penalties for Personal Data Leaks: SEOUL—The South Korean government is set to significantly raise fines for personal data breaches, tying penalties directly t ...; KO YONG-CHUL Reporter 2025.09.22

S. Korea Aims to Leverage U.S. Visa Fee Hike for Talent Recruitment: SEOUL — The South Korean Presidential Office has issued a directive to government ministries, urging them to capitalize on t ...; Global Economic Times Reporter 2025.09.22

South Korea: Gangneung's Drought Crisis Eases as Reservoir Levels Recover: GANGNEUNG, South Korea—In a major relief for the city of Gangneung, the water level of the crucial Obong Reservoir has recov ...; Hwang Sujin Reporter 2025.09.22

Han Hak Ja Moon, Unification Church Leader, Appears in Court for Detention Hearing in a Wheelchair: SEOUL—Han Hak Ja Moon, the leader of the Unification Church and the focus of the so-called "political-religious collusion sc ...; KO YONG-CHUL Reporter 2025.09.22

President Lee Jae-myung Pushes for 'Smart and Elite Military' Amidst Defense Shifts: President Lee Jae-myung is calling for a major overhaul of the South Korean military, pushing for a move away from traditional, pe ...; Yim Kwangsoo Correspondent 2025.09.21

U.S. H-1B Visa Fee Hike Threatens International Students and Tech Industry: WASHINGTON D.C. — The U.S. government has enacted a dramatic increase in the application fees for the H-1B specialty occupat ...; Global Economic Times Reporter 2025.09.21

The U.S. is raising its ESTA fee to almost double, from ₩30,000 to ₩60,000.: The U.S. Visa Waiver Program (ESTA) fee will almost double starting at the end of this month. According to the U.S. Customs and B ...; KO YONG-CHUL Reporter 2025.09.21

Special Counsel Probes Alleged Mass Membership of Unification Church Members in People Power Party Ahead of National Convention: SEOUL – The special counsel team led by Prosecutor Min Joong-ki has confirmed a mass sign-up of Unification Church members i ...; KO YONG-CHUL Reporter 2025.09.21

Seoul's "River Bus" Project Sinks Amidst Public Apathy: SEOUL, SOUTH KOREA — A high-profile urban transport project meant to revolutionize commuting in Seoul is facing an uncertain ...; KO YONG-CHUL Reporter 2025.09.19

Jeju Stone Wall Building Designated as Intangible Cultural Heritage... A Challenge for UNESCO Intangible Cultural Heritage of Humanity, Too: Jeju Province announces that "Jeju Stone Wall Building," a traditional construction method using stones, will be designated as a J ...; Global Economic Times Reporter 2025.09.19

Chairperson Lee Jin-sook of the Korea Communications Commission Sent to Prosecution on Embezzlement Allegations: Chairperson Lee Jin-sook of the Korea Communications Commission (KCC) has been sent to the prosecution on charges of embezzlement. ...; KO YONG-CHUL Reporter 2025.09.19

S. Korean PM Orders "Strong Action" on Anti-China Protests: SEOUL — South Korean Prime Minister Kim Min-seok has issued an urgent and firm directive to the nation’s police force, ...; Hwang Sujin Reporter 2025.09.19

North Korea Unveils New "Geumseong" Suicide Drones, Signaling Strategic Military Advancements: PYONGYANG - In a significant move to project military strength, North Korea has officially revealed the final, operational version ...; Desk 2025.09.19

South Korea Launches New ₩400 Billion Aid Package to Bolster Steel Exports Amidst U.S. Tariffs: POHANG, South Korea — In a proactive move to mitigate the severe impact of escalating U.S. tariffs on its crucial steel sect ...; KO YONG-CHUL Reporter 2025.09.19

Special Prosecutor Links 120,000 Party Members to Unification Church List: A special prosecutor's team investigating allegations against First Lady Kim Keon-hee has reportedly secured a list of People Powe ...; KO YONG-CHUL Reporter 2025.09.19

Beware of Illegal "Miracle" Weight-Loss Drugs: Brussels, Belgium — The European Medicines Agency (EMA) has issued a strong warning about the alarming increase in the sale ...; Shin Yeju Intern Reporter 2025.09.19