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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Apple Cultivation Shifts Northward in South Korea Due to Climate Change Gangwon Province sees a surge in apple orchards as traditional growing regions face challenges.: SEOUL, South Korea – Climate change is reshaping South Korea’s agricultural landscape, with apple cultivation experien ...; Desk 2024.12.03

Seoul's Housing Gap Widens to Record Highs: Seoul, South Korea – The gap between the prices of the top 20% and the bottom 20% of Seoul apartments has reached an all-tim ...; Hwang Sujin Reporter 2024.12.03

Asiana Airlines to Require Passengers to Stow Own Carry-on Bags: Seoul, South Korea – Beginning January 2, 2025, Asiana Airlines will implement a new policy requiring passengers to stow the ...; KO YONG-CHUL Reporter 2024.12.03

Duty-Free Shoppers Shift to Specialty Stores: South Korea's Duty-Free Industry Struggles: Seoul, South Korea – South Korea's duty-free industry is facing a significant downturn as foreign tourists are increasingly ...; Hwang Sujin Reporter 2024.12.03

Kumho Petrochemical CEO Honored for ESG Leadership: Seoul, South Korea – Kumho Petrochemical Group Chairman Park Chan-gu has been awarded the prestigious 2024 Korea Management ...; Desk 2024.12.03

South Korea Lags Behind Neighbors in Food Security, Report Finds: Seoul, South Korea – A new report from the Korea Chamber of Commerce and Industry (KCCI) has highlighted South Korea's growi ...; Hwang Sujin Reporter 2024.12.02

NH Nonghyup Bank Offers Financial Relief to Snowstorm Victims: Seoul, South Korea – NH Nonghyup Bank has announced a special financial support program to assist individuals and small busi ...; Global Economic Times Reporter 2024.12.02

Kakao to Open Daum Portal to New Media Outlets: Seoul, South Korea – Kakao, the South Korean tech giant, announced on Tuesday that it will be accepting applications from ne ...; KO YONG-CHUL Reporter 2024.12.02

Korea Expands Road Weather Hazard Information Service: Seoul, South Korea – The Korea Meteorological Administration (KMA) announced on Tuesday that it is expanding its road weathe ...; ONLINE TEAM 2024.12.02

Chungcheong Region Urges Corporations to Lead in Charity Drive: Daejeon, South Korea – As the winter chill sets in, the Chungcheong region of South Korea is calling on local corporations t ...; HONG MUN HWA Senior Reporter 2024.12.02

Chungbuk Credit Unions Brace for Simultaneous Elections Amid Bribery Concerns: Chungju, Chungbuk – As the simultaneous elections for chairpersons of local credit unions in Chungbuk province draw near, au ...; HONG MUN HWA Senior Reporter 2024.12.02

Daejeon's Urban Integration Zone: A Stalled Engine: Daejeon, South Korea – The Daejeon Urban Integration Special Zone, envisioned as a new tech hub to rival the successful Pang ...; HONG MUN HWA Senior Reporter 2024.12.02

EcoPro Recognized as a Community Contribution Company for 6 Consecutive Years: EcoPro, a leading manufacturer of secondary battery materials, has been selected as a "Community Contribution Company" for the six ...; HONG MUN HWA Senior Reporter 2024.12.02

Residents of DaeCheong Lake Area Demand Regulatory Easing: Daejeon, South Korea – Local governments surrounding DaeCheong Lake are joining forces to demand the easing of stringent env ...; HONG MUN HWA Senior Reporter 2024.12.02

Chungnam National University and Kongju National University to Merge: Daejeon, South Korea – In a significant move to bolster higher education in the region, Chungnam National University and Kon ...; ONLINE TEAM 2024.12.02

Musinsa Standard Surpasses 10 Million Visitors in Physical Stores: Seoul, South Korea – [Date] – Musinsa Standard, a popular South Korean fashion brand, announced today that it has achi ...; ONLINE TEAM 2024.12.02

Hanwha Galleria Launches Generous Childcare Support Fund: Seoul, South Korea – Hanwha Galleria, a leading retail conglomerate in South Korea, has announced a significant new benefit ...; Hwang Sujin Reporter 2024.12.02

South Korea Seeks to Boost Retirement Income Through Diversified Pension System: Seoul, South Korea – South Korea is considering a shift in its pension policy, focusing on enhancing the efficiency of priva ...; Desk 2024.12.02

Daejeon City Recognizes 12 Companies as Women-Friendly Businesses: Daejeon, South Korea – Daejeon City, led by Mayor Lee Jang-woo, has recently recognized 12 companies for their exceptional e ...; Desk 2024.12.02

Busan Installs Inclined Elevators to Improve Accessibility in Hilly Areas: Busan, South Korea – Busan, a coastal city known for its hilly terrain, is investing heavily in improving accessibility for ...; Hwang Sujin Reporter 2024.11.30