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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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 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

Presidential Office to Return to ‘Blue House’ on the 29th; Phoenix Flag to be Hoisted at Midnight: (C) asiaone As the relocation of the presidential office nears completion, the official name of the office will revert to the " ...; KO YONG-CHUL Reporter 2025.12.24

Government Cracks Down on Illicit Real Estate Trades: Minors Amassing 25 Properties: (C) Pixabay SEOUL – The Ministry of Land, Infrastructure and Transport (MOLIT) announced on Wednesday that it has uncover ...; KO YONG-CHUL Reporter 2025.12.24

S. Korea Ranks 15th Globally in Beer Consumption: 70 Bottles Per Capita: (C) Seoulz South Korea’s beer consumption rose slightly last year, securing the 15th spot globally in terms of total volume ...; Graciela Maria Reporter 2025.12.24

Hwang Hana Apprehended in Cambodia After Fleeing Drug Charges: (C) KbizoOm GWACHEON — Hwang Hana (37), the granddaughter of Namyang Dairy Products' founder, has been arrested following a ...; KO YONG-CHUL Reporter 2025.12.24

S. Korean Government to Shift Oxygen Humidifier Disinfectant Tragedy to 'State Liability' Framework: (C) People's Solidarity for Participato [SEJONG] The South Korean government has officially designated the humidifier disinfec ...; Desk 2025.12.24

Waning Trust: Western Allies View U.S. as an ‘Unreliable and Destabilizing Force’: (C) Stimson Center WASHINGTON — A profound sense of disillusionment is sweeping through the United States’ closest We ...; Pedro Espinola Special Correspondent 2025.12.24

Survey: Half of Pregnant Women Lack Perceived Social Support; 41% Face Workplace Pressure: (C) Monash Lens SEOUL — A recent survey reveals a significant gap between public perception and the reality experienced by ...; Shin Yeju 2025.12.23

Surge in Financial Abuse of Elderly with Dementia: Family Members and Gaps in Protection: (C) SouthPoint Financial Credit Union As South Korea enters an era with over one million dementia patients, a disturbing trend ...; Global Economic Times Reporter 2025.12.23

Shinsegae Simon Transforms Premium Outlets into a Magical "Winter Wonderland": (C) The Paju Premium Outlet SEOUL — Shinsegae Simon is captivating year-end shoppers by transforming its nationwide Premium ...; ONLINE TEAM 2025.12.21

Japan's Luxury Stays Now "Affordable": Hotel Prices Plummet Amid China Exit: (C) Harumari Tokyo TOKYO – The Japanese tourism industry is facing a seismic shift as hotel rates in major travel hubs expe ...; Desk 2025.12.21

Driving Cognitive Skills Plunge at Age 70: Calls for Earlier License Renewal Intervals: (C) Fox2 SEOUL — New research suggests that the mandatory age for shortened driver’s license renewal cycles should be ...; Hee Chan Kim Reporter 2025.12.21

Coupang Faces Class-Action Lawsuit in U.S. Over Massive Data Breach and Disclosure Failures: (C) KED Global NEW YORK – Coupang Inc., the dominant leader in South Korea’s e-commerce market, is facing intense leg ...; KO YONG-CHUL Reporter 2025.12.21

Consumer Agency Orders SKT to Pay ₩100,000 to Hack Victims; Total Payout Expected to Reach ₩2.3 Trillion: (C) Telecompaper SEOUL – The Consumer Dispute Settlement Commission (CDSC), under the Korea Consumer Agency, has reached a ...; Global Economic Times Reporter 2025.12.21