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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Lim Tae-hee Pledges to Ease School Uniform Costs, Proposing 400,000 Won Support for Casual Wear: Suwon, Gyeonggi Province — Lim Tae-hee, a preliminary candidate for the Gyeonggi Provincial Superintendent of Education, has ...; Kim Sungmoon Reporter 2026.05.02

Samsung Biologics Faces First-Ever Strike: Cancer Drug Production Halted Amid $110 Million Loss: INCHEON – Samsung Biologics, one of the world’s largest contract development and manufacturing organizations (CDMO), h ...; KO YONG-CHUL Reporter 2026.05.02

Kurly Abandons 'All-Paper' Packaging Strategy Amid Rising Cost Pressures: Kurly, the South Korean e-commerce pioneer known for its premium grocery delivery, has officially rolled back its signature "All-P ...; KO YONG-CHUL Reporter 2026.04.28

Pentagon’s Arsenal Drained by Iran Conflict: Mounting Fears Over Deterrence Gaps in Korea and Taiwan: WASHINGTON D.C. – As the conflict with Iran intensifies, the United States military is burning through its stockpile of prec ...; Yim Kwangsoo Correspondent 2026.04.25

South Korea Fines Paper Cartel $245M for Systematic Price Fixing: SEJONG – The Korea Fair Trade Commission (KFTC) announced on Thursday that it has imposed a combined fine of 338.3 billion K ...; KO YONG-CHUL Reporter 2026.04.25

South Korea Expands Child Allowance: 2017-born Children to Receive Up to ₩480,000 this Month: SEOUL – The South Korean Ministry of Health and Welfare announced on Thursday a significant expansion of the national child ...; Yim Kwangsoo Correspondent 2026.04.25

Blue House Secures 74 Million Barrels of Oil for May; Moves to Slash Middle East Reliance: SEOUL — The South Korean Presidential Office announced on Friday that the nation has secured a stable supply of crude oil fo ...; Global Economic Times Reporter 2026.04.25

Secondary Battery Boom Ignites: Samsung SDI, LG Energy Solution Surge Over 5% in Pre-market: SEOUL — South Korea’s secondary battery sector is witnessing a massive resurgence. Shares of industry giants Samsung S ...; Desk 2026.04.22

Lee Jae-yong’s Vision Vindicated: Samsung’s $8B Harman Deal Doubles Revenue to $12B in a Decade: [SEOUL] Ten years after Samsung Electronics Executive Chairman Lee Jae-yong orchestrated the boldest acquisition in South Korean c ...; KO YONG-CHUL Reporter 2026.04.22

MAFRA Unveils Success in Integrated Rural Care: Synergizing Social Farming and Medical Services: Rural care in South Korea is evolving into a comprehensive model that integrates agriculture, medical care, and essential life ser ...; ONLINE TEAM 2026.04.21

Generative AI Use Triples Among Seoul Citizens, but Digital Divide Persists for Seniors: The adoption of Artificial Intelligence (AI) is rapidly spreading across Seoul, but a significant "digital divide" remains as the ...; Hwang Sujin Reporter 2026.04.21

60-Year-Old Man Sentenced to 27 Years in Prison for Killing Wife Immediately After Restraining Order Expired: An appellate court has upheld a heavy prison sentence for a man in his 60s who brutally murdered his wife just one week after his ...; KO YONG-CHUL Reporter 2026.04.19

K-Innovation Hits Record High: Over 27,000 Public Ideas Flood the ‘Everyone’s Idea’ Project: DAEJEON, South Korea — In a historic display of civic engagement and creative fervor, the Korean public has submitted a reco ...; KIM YOUNG MIN 2026.04.19

LG Uplus Employees Extend Helping Hand to Visually Impaired Family in Medical Crisis: SEOUL — In a heartwarming display of corporate social responsibility, LG Uplus announced on April 16 that it has donated 5 m ...; Kim Sungmoon Reporter 2026.04.19

"Is This Really the U.S. Army?" Outrage Grows Over Poor Rations for Troops Deployed in the Middle East: As tensions escalate in the conflict with Iran, shocking reports have emerged revealing that U.S. troops deployed to the Middle Ea ...; KO YONG-CHUL Reporter 2026.04.19

AX Era Demands Immediate Shift to ‘Zero Trust’ Security Following Year of Unprecedented Breaches: SEOUL – Exactly one year after the catastrophic hacking of SK Telecom’s USIM systems in April 2025, South Korea’ ...; Hwang Sujin Reporter 2026.04.14

South Korea Leads World in AI Patents per Capita, Narrowing Gap with U.S. and China: SEOUL – South Korea has demonstrated its status as an "AI innovation powerhouse" by ranking first in the world for the numbe ...; Desk 2026.04.14

Ruling Party and Government Push for Auto Insurance Premium Cuts Amid "5/2-Day Driving Ban": The South Korean government and the Democratic Party of Korea are pushing to lower automobile insurance premiums in conjunction wi ...; Hwang Sujin Reporter 2026.04.13

Korea and Poland Elevate Ties to ‘Comprehensive Strategic Partnership,’ Expanding Cooperation to Hydrogen, Nano, and Space: SEOUL – In a historic move that signals a new era of bilateral relations, South Korean President Lee Jae-myung and Polish Pr ...; KO YONG-CHUL Reporter 2026.04.13

National Assembly Passes 26.2 Trillion Won 'Energy Crisis' Extra Budget; Up to 600,000 Won in Cash Relief: The National Assembly passed a 26.2 trillion won ($19.2 billion) supplementary budget on April 10 to mitigate the economic impact ...; KO YONG-CHUL Reporter 2026.04.13

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