Global Economic Times

2026.06.28 (Sun)
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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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South Korea Takes Bold Step to Secure Youth's Financial Future: SEOUL—In a proactive move to address the looming crisis of youth pension insecurity, the South Korean government is set to l ...; Desk 2025.08.22

Daejeon Zero O'Clock Festival Sheds 'No-Fun City' Moniker, Becomes Representative Korean Festival with 2.16 Million Visitors: The 2025 Daejeon Zero O'Clock Festival has successfully concluded, attracting 2.16 million visitors. The downtown area of Daejeon ...; HONG MOON HWA Senior Reporter 2025.08.21

Geopolitical Tensions Flare as Nepal Reasserts Sovereignty Over Disputed Territories: KATHMANDU — In a decisive move that underscores escalating geopolitical tensions in the Himalayas, Nepal’s Ministry of ...; Ana Fernanda Reporter 2025.08.21

Indonesia's Stock Market Surges as BI's Fourth Rate Cut Fuels Property and Consumer Rally: JAKARTA – In a move that sent a wave of optimism across the Jakarta Stock Exchange (BEI), Bank Indonesia (BI) unexpectedly a ...; Ana Fernanda Reporter 2025.08.21

President Lee Commits to Backing Businesses, Strengthening Global Competitiveness at Inaugural Ceremony: SEOUL – In a grand ceremony that symbolically replaced his official inauguration, President Lee Jae-myung has outlined a vis ...; KO YONG-CHUL Reporter 2025.08.20

South Korean Supermarkets Hail Success of 'Living Coupons,' Push for Permanent System: SEOUL — The Korean Supermarket Cooperative Federation (KSCF) has reported overwhelming success with the initial distribution ...; Hwang Sujin Reporter 2025.08.20

Gangneung's Night Markets Emerge as Major Tourist Attractions, Revitalizing the Local Economy: GANGNEUNG—Night markets are lighting up the city of Gangneung, drawing large crowds of residents and tourists and bringing a ...; KO YONG-CHUL Reporter 2025.08.18

South Korean Police Crack Down on 'Fixie' Bicycles: SEOUL — The National Police Agency of South Korea has announced a major crackdown on fixie bikes, a popular type of bicycle ...; Hwang Sujin Reporter 2025.08.18

Seoul Cracks Down on Unsanitary Restaurants Amid Summer Heat: SEOUL — The Seoul Metropolitan Government has revealed that it inspected 1,985 restaurants during the high-risk summer seaso ...; Desk 2025.08.18

LA Korean Education Center - Gyeongbuk Office of Education, Korean Culture Class Training Successfully Held in the U.S.: The LA Korean Education Center (Director Kang Jeon-hoon) and the Gyeongsangbuk-do Office of Education (Superintendent Lim Jong-sik ...; KO YONG-CHUL Reporter 2025.08.14

First Lady's Influence-Peddling Scandal: Gifts for Positions: SEOUL — A scandal of unprecedented scale is unfolding, alleging that First Lady Kim Keon-hee received millions of dollars in ...; KO YONG-CHUL Reporter 2025.08.14

Ex-Defense Minister Kim Yong-hyun Accused of Bypassing Military Chain of Command: SEOUL — A special prosecution team investigating the December 3rd state of emergency has reportedly uncovered evidence sugge ...; KO YONG-CHUL Reporter 2025.08.13

Polar Researchers Identify Natural 'Cooling' Mechanism in the Arctic: SEOUL — The Korea Polar Research Institute (KOPRI) has announced the discovery of a natural feedback mechanism in the Arctic ...; Yim Kwangsoo Correspondent 2025.08.13

Fighting the Drunk: Firefighter Activity Disruption Is on the Rise: Disruptions to the on-site activities of Seoul firefighters are an annual occurrence, and eight out of ten perpetrators are intoxi ...; Hwang Sujin Reporter 2025.08.13

Democrats Push to Pass 'Judicial Reform Bill,' Including Expanding Supreme Court Justices to 30, Before Chuseok: The Democratic Party of Korea has announced its goal to pass a judicial reform bill, which includes increasing the number of Supre ...; Desk 2025.08.13

I will translate the provided Korean text into English. I will ensure the translation is accurate and maintains the original tone and context.: The U.S. State Department’s 2024 Country Reports on Human Rights Practices have raised concerns about restrictions on press ...; KO YONG-CHUL Reporter 2025.08.13

A million foreign talents can drive 6% GDP growth: KCCI report says increasing registered foreigners is key to economic revitalization.: According to a report titled "Analysis of the Economic Effects of Attracting Foreign Citizens," co-researched by the Korea Chamber ...; Hwang Sujin Reporter 2025.08.13

North Korean Hacker 'Kimsuky' Computer Hacked... Evidence of Infiltration into South Korean Government and Businesses Found: A working computer belonging to a hacker from the North Korean hacking organization 'Kimsuky' has reportedly been infiltrated by e ...; KO YONG-CHUL Reporter 2025.08.13

The arrest of Kim Keon-hee and the start of a new phase in the special counsel investigation: a comprehensive probe into alleged government interference: The special counsel team, led by Special Prosecutor Min Joong-ki, has successfully secured an arrest warrant for Kim Keon-hee, off ...; KO YONG-CHUL Reporter 2025.08.13

TASHU Bicycles, Cotton Candy, and a Kkumdori Keyring! Unique Booths at the Daejeon 0 O'Clock Festival Gain Attention: A unique experiential booth utilizing Daejeon's public bicycle service, Tashu, is gaining significant popularity at the 2025 Daeje ...; Hwang Sujin Reporter 2025.08.12