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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President Lee’s Approval Rating Hits Record High of 67% for Second Consecutive Week: Gallup Korea: President Lee Jae-myung’s job approval rating has reached 67%, marking its highest level since his inauguration for two week ...; KO YONG-CHUL Reporter 2026.04.10

Chungnam Greenlights Landmark K-Pop Dome Stadium Project for 2031 Completion: South Chungcheong Province (Chungnam) has officially embarked on a transformative journey to establish itself as a global epicente ...; HONG MOON HWA Senior Reporter 2026.04.10

Celltrion’s ADC Candidate CT-P71 Granted FDA Fast Track Designation for Urothelial Carcinoma: INCHEON, South Korea — In a move that solidifies its transition from a biosimilar giant to an innovative drug developer, Cel ...; Eugenio Rodolfo Sanabria Reporter 2026.04.09

FSS Slaps Lotte Card with 4.5-Month Suspension Over Massive Data Breach: SEOUL — The Financial Supervisory Service (FSS) has issued a preliminary notice of heavy sanctions against Lotte Card follow ...; KO YONG-CHUL Reporter 2026.04.09

South Korea Emerges as Global Aviation Fuel Sentinel Amid Middle East Turmoil: (C) Fleet Wire SEOUL — As the conflict in the Middle East sends shockwaves through global energy markets, a localized "je ...; Kim Sungmoon Reporter 2026.04.08

Government to Distribute "High Oil Price Relief" to Bottom 70% of Earners: Up to ₩600,000 Per Person: SEOUL — In a decisive move to mitigate the economic fallout from the escalating conflict in the Middle East, the South Korea ...; Shin Yeju 2026.04.02

Naver and Kakao Secure Direct Solar Power to Combat Global Energy Crisis: (C) Another Day Tech Giants Pivot to Direct Power Purchase Agreements (PPA) for Data Centers Amid Geopolitical Instability; Move ...; Global Economic Times Reporter 2026.04.02

Public Sector to Adopt ‘Odd-Even’ Vehicle Rotation Starting April 8; 5-Day Rotation Extended to Public Parking Lots: SEJONG — As prolonged conflict in the Middle East continues to destabilize global energy supplies, the South Korean governme ...; Global Economic Times Reporter 2026.04.02

Hanwha Stumbles, Shinhan Surges: The Changing Guard of Korea’s ‘Big 3’ Life Insurers: Overview: A Shift in the Traditional HierarchyThe long-standing dominance of the "Big 3" life insurance titans—Samsung Life, ...; Global Economic Times Reporter 2026.04.02

Meta Debuts AI Smart Glasses Designed for Prescription Lens Users: A New Frontier in Wearable Diet Tracking: (C) Youtube MENLO PARK — In a move that signals the next evolution of wearable technology, Meta has officially unveiled its ...; Global Economic Times Reporter 2026.04.01

Apple Extends Emergency Location Sharing to 30 Minutes Following Collaboration with KCC: SEOUL – In a significant move to enhance public safety, Apple has agreed to extend the duration of emergency location inform ...; Hwang Sujin Reporter 2026.04.01

S. Korean Economic Leaders Form ‘One-Team’ to Counter Middle East Volatility: (C) Ministry of Finance and Economy SEOUL — South Korea’s top economic policymakers have established a high-level coo ...; Global Economic Times Reporter 2026.04.01

Chaos Over Garbage Bags: Illegal Trading Surges on Second-hand Platforms Amid Middle East War: The "Garbage Bag Crisis" Hits the Resale Market"Selling Seongnam City garbage bags. 30 pieces of 20-liter bags available for bulk ...; Yim Kwangsoo Correspondent 2026.03.30

“Urban Community Headquarters Holds 1st Sustainable Urban Community Forum in Sejong”: The Urban Community Headquarters (UCH, Chairperson Lee Ga-hee), a non-profit corporation, held the "1st Sustainable Urban Communit ...; LEE YEON SIL Reporter 2026.03.27

Cheonan City Empowers Citizens to Validate Smart City Services: "Reverse-Proposing Solutions to User Inconvenience": Cheonan City has officially established a "citizen-participatory verification model" where residents directly test smart city serv ...; Global Economic Times Reporter 2026.03.27

Hyundai Motor Group Expands Mandatory Vehicle Rotation System to Bolster National Energy Conservation Efforts: In a decisive move to align with the South Korean government’s recent energy conservation initiatives, Hyundai Motor Group ( ...; Hwang Sujin Reporter 2026.03.27

President Lee Asserts ‘Self-Reliant Defense’ as Crucial, Vows Swift Recovery of Operational Control: President Lee Jae-myung emphasized a "self-reliant defense" posture on Friday, signaling a strategic shift toward reclaiming warti ...; KO YONG-CHUL Reporter 2026.03.27

Gov’t Enforces ‘Odd-Even’ Driving Restraint for Public Sector Amid Middle East Energy Crisis: SEOUL — In a preemptive move to counter the escalating energy supply instability triggered by the prolonged conflict in the ...; KO YONG-CHUL Reporter 2026.03.26

MBS Urges Trump to Pursue "Regime Change" in Iran, Pushing for Ground Invasion: WASHINGTON D.C. – Saudi Arabia’s de facto leader, Crown Prince Mohammed bin Salman (MBS), has reportedly pressured U.S ...; Pedro Espinola Special Correspondent 2026.03.26

Iranian Ambassador Pledges Full Cooperation for Safety of S. Koreans Amid Middle East Tensions: The Iranian Ambassador to South Korea, Saeed Kouzechi, visited the National Assembly on Wednesday to assure that Tehran will prior ...; KO YONG-CHUL Reporter 2026.03.26

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