Global Economic Times

2026.03.22 (Sun)
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Appellate Court Begins Review of Kakao Founder’s Acquittal in SM Entertainment Stock Rigging Case

SEOUL — The legal battle surrounding the alleged stock market manipulation of SM Entertainment has entered its second chapter. On Friday, the Seoul High Court held its first preparatory hearing
Naver Suspends Election Comments to Combat Cyberbullying and Misinformation Ahead of June Polls

Naver, South Korea’s leading web portal and dominant news aggregator, announced on Thursday a series of stringent measures to overhaul its comment ecosystem. The move comes in preparation for th

Lotte Town Myeongdong Lights Up with 'Welcome Light' to Greet Global K-Pop Fans

SEOUL — The heart of Seoul’s shopping district is glowing in shades of purple this week. Lotte Department Store announced on Thursday that it will host a spectacular lighting display title

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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

Coupang Faces Intense Backlash Over ‘Self-Investigation’ Into Massive Data Leak: SEOUL — A fierce standoff has erupted between Coupang, South Korea’s leading e-commerce platform, and government autho ...; KIM YOUNG MIN Specialized Reporter 2025.12.27

Shinsegae Group Suffers Data Breach Affecting 80,000 Employees and Partners: SEOUL — Shinsegae Group, one of South Korea’s largest retail giants, has confirmed a significant data breach involving ...; KO YONG-CHUL Reporter 2025.12.27

South Korea Expands Menstrual Product Support for Vulnerable Youth Following Presidential Directive: (C) Astler.co SEOUL – The Ministry of Gender Equality and Family (MGEF) announced on Friday a significant expansion and sim ...; Hwang Sujin Reporter 2025.12.27

MOFA: "Carrying Items for Others Abroad Risks Involvement in Drug Crimes": (C) Ministry of Foreign Affairs It has been identified that about 10 South Korean nationals were arrested and imprisoned this y ...; Global Economic Times Reporter 2025.12.27

Dangerous "Pranks": Elderly Passenger Faces Criminal Charges for Tampering with Emergency Exit: (C) Air Busan BUSAN — A 60-year-old man is under police investigation for tampering with an aircraft's emergency exit, clai ...; Hee Chan Kim Reporter 2025.12.25

South Korea Ranks 15th Globally in Beer Consumption; Per Capita Intake Exceeds 70 Bottles Annually: (C) Marketing Edge Magazine SEOUL — South Korea has secured its position as the 15th largest beer-consuming nation in the w ...; Desk 2025.12.25

Busan Court Sentences 20-Year-Old to Prison for AI-Generated Medical Document Forgery and Insurance Fraud: BUSAN — The Busan District Court has sentenced a man in his 20s to two years in prison for orchestrating a sophisticated ins ...; KO YONG-CHUL Reporter 2025.12.25

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