Global Economic Times

2026.06.29 (Mon)
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Seoul Court Sentences Former First Lady Kim Keon-hee to Seven Years for Influence Peddling

SEOUL – In a landmark ruling that has sent shockwaves through the South Korean political landscape, the Seoul Central District Court on June 26, 2026, sentenced former First Lady Kim Keon-hee to
South Korea Lodges Protest After Chinese and Russian Warplanes Breach KADIZ

SEOUL – The South Korean Ministry of National Defense issued a stern protest on June 28, 2026, following the unauthorized entry of more than 10 Chinese and Russian military aircraft into the Kor

Escalating Crisis: Teenage Drug Offenders Caught in Repeat Crimes Amidst "Telegram Drug Events"

INCHEON, South Korea — A disturbing trend of adolescent drug abuse has reached a new breaking point, as a 17-year-old girl, previously granted leniency for drug offenses, was arrested and indict

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Incheon New Port Access Road Project to Begin Construction in 2027: Incheon, South Korea – The Incheon Free Economic Zone Authority announced on December 12th that the Incheon New Port Access ...; Desk 2024.12.13

Finland Delivers Significant Humanitarian Aid to Ukraine: Helsinki, Finland – The Finnish Ministry of the Interior announced on Wednesday that the country has delivered 68 truckloads ...; Ana Fernanda Reporter 2024.12.12

Retail Commission Rates Rise in South Korea, Squeezing Suppliers: SEOUL – Commission rates charged by major retailers in South Korea, including TV home shopping channels, department stores, ...; ONLINE TEAM 2024.12.12

NACUFOK Launches "Moamoa Account" Offering High Interest and Flexible Transactions: Seoul – The National Credit Union Federation of Korea (NACUFOK) has unveiled a new financial product aimed at capturing the ...; Desk 2024.12.12

KISA Highlights Generative AI as Key Cybersecurity Challenge for 2024: Seoul – The Korea Internet & Security Agency (KISA) has identified generative AI as a primary cybersecurity concern for ...; LEE YEON SIL Reporter 2024.12.12

South Korea Opens New Expressway, Boosting Regional Connectivity: South Korea's Ministry of Land, Infrastructure and Transport (MOLIT) has announced the grand opening of the Pyeongtaek-Buyeo secti ...; HONG MOON HWA Senior Reporter 2024.12.12

Economic Violence: A Growing Threat to Puerto Rican Women: Economic violence, a form of domestic abuse, is on the rise in Puerto Rico and has far-reaching consequences for both individuals ...; Eugenio Rodolfo Sanabria Reporter 2024.12.11

IMF Approves Disbursement for Somalia, Praises Reform Efforts: Washington, DC – The International Monetary Fund (IMF) has approved the disbursement of SDR 7.5 million (about US$10 million ...; Hannah Yeh Reporter 2024.12.11

Incheon's New Maritime Museum Opens its Doors: Incheon, South Korea – The National Incheon Maritime Museum, the first of its kind in the metropolitan area, officially open ...; KO YONG-CHUL Reporter 2024.12.11

Samsung's New Kimchi Container: A Breakthrough in Odor Control: Seoul, South Korea – Samsung Electronics has unveiled a groundbreaking innovation designed to tackle a common household dile ...; Hwang Sujin Reporter 2024.12.11

South Korea Mandates Price Transparency for Wedding Services: Seoul, South Korea – In a move aimed at increasing transparency and empowering consumers, South Korea’s Fair Trade Com ...; Global Economic Times Reporter 2024.12.11

Daegu Water Companies Set to Expand into Africa, Starting with Ethiopia: Daegu, South Korea – Daegu City has taken a significant step towards expanding its water industry into the African market by ...; HONG MOON HWA Senior Reporter 2024.12.10

Ethiopiabet Foundation Facilitates Economic Cooperation with Ethiopia, Hosting Infrastructure Minister: Seoul, South Korea – The Ethiopiabet Foundation, a non-profit organization dedicated to fostering economic and cultural exch ...; HONG MOON HWA Senior Reporter 2024.12.10

Seobunyeok Expressway Opens, Boosting Connectivity Between Chungcheong and Gyeonggi Provinces: Buyeo, Chungcheongnam-do – The long-awaited Seobunyeok Expressway, connecting Buyeo in Chungcheongnam-do and Pyeongtaek in G ...; HONG MOON HWA Senior Reporter 2024.12.09

Korea and Japan to Strengthen Tourism Ties: Seoul, South Korea – South Korea and Japan are set to enhance their tourism cooperation as they host the Korea-Japan Tourism ...; ONLINE TEAM 2024.12.09

Rotary Club: A Global Network Dedicated to Humanity: The Birth and Legacy of Rotary's Service to Humanity Born from the vision of a single lawyer in Chicago in 1905, the Rotary Club ...; KO YONG-CHUL Reporter 2024.12.09

Boat Fire in Elliott Bay Triggers Massive Response: Seattle, WA – A dramatic boat fire erupted in Elliott Bay near West Seattle on Sunday afternoon, prompting a significant eme ...; KO YONG-CHUL Reporter 2024.12.09

IPO Market This Week: A Summary: This week, several companies are set to launch their Initial Public Offerings (IPOs) and begin general share subscriptions. Meanwh ...; Desk 2024.12.08

Sabah Businessman Blackmailed Chief Minister Over Mining Licences: Kota Kinabalu, Sabah – A prominent businessman with alleged ties to the Sabah mining scandal has been accused of blackmailin ...; Global Economic Times Reporter 2024.12.08

China Completes Decades-Long Project to Encircle Taklamakan Desert: BEIJING — China has successfully concluded a 46-year endeavor to establish a green belt around the Taklamakan Desert. This m ...; Graciela Maria Reporter 2024.12.08