Global Economic Times

2026.03.22 (Sun)
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Coway Clinches Top Honor at "Water Taste Awards" for 7th Consecutive Year

Coway Co., Ltd., the "Best Life Solution Company," announced today that it has received the highest rating at the 10th Bottled Water & Water Purifier Tasting Competition, marking its s
Naver to Shut Down Men's Fashion Service 'MR.' to Launch Expanded AI-Driven Fashion Platform

Naver is pivoting its e-commerce strategy by closing its specialized men's fashion curation service, 'MR. (Mister),' to make way for a more comprehensive fashion platform that includes wom

K-Beauty SMEs Join Forces with Distributors: A New Paradigm for Global Expansion through Strategic Consortiums

The South Korean government has unveiled a groundbreaking initiative to propel small and medium-sized enterprises (SMEs) in the cosmetics sector onto the global stage. By shifting from traditional, is

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Mirae Asset Global Investment Holds 'ETF Rally 2025' in Hawaii: HONOLULU – Mirae Asset Global Investment held its 'ETF Rally 2025' at the Fairmont Hawaii Hotel from March 3rd to 4th. The e ...; PETER KO 2025.02.10

LS Securities to Host "Touhon Cup" Futures and Options Profit Contest: LS Securities announced on February 10th that it will be hosting the "Touhon Cup, Domestic Futures and Options Profit Contest," a ...; Desk 2025.02.10

KB Securities Offers Low-Interest Credit Loans for New and Existing Customers: KB Securities announced on April 10th that it will lower the interest rate on credit loans to 4.0% per year until April 30th. Thi ...; Desk 2025.02.10

Busan Launches 2 Trillion Won Green Fund to Support Local Businesses: Busan, South Korea – The Financial Services Commission (FSC) has announced the launch of a major initiative to bolster inves ...; Global Economic Times Reporter 2025.02.10

Three Korean Banks Hit by Multi-Billion Won Fraud Scandal: SEOUL – Three major South Korean banks, KB Kookmin, Shinhan, and SC Jeil, are reeling from a massive fraud scandal involving ...; KO YONG-CHUL Reporter 2025.02.10

Korean East-West Power and HD Hyundai Heavy Industries Join Forces to Develop Carbon-Free Distributed Energy: Ulsan, South Korea – Korean East-West Power (EWP) and HD Hyundai Heavy Industries (HHIH) have signed a memorandum of underst ...; Global Economic Times Reporter 2025.02.10

BNK Financial Group Announces Record-Breaking 2024 Earnings: Busan, South Korea – BNK Financial Group (Chairman Bin Dae-in) announced on February 6th that its consolidated net profit (c ...; Global Economic Times Reporter 2025.02.10

Doosan Škoda Power Makes Historic Debut on Prague Stock Exchange: PRAGUE – Doosan Škoda Power, a subsidiary of South Korean industrial giant Doosan Enerbility, has marked a significan ...; Global Economic Times Reporter 2025.02.10

Gyeongnam Province to Support Local Businesses at the World Korean Business Convention 2025: Gyeongnam, South Korea – Gyeongnam Province is taking proactive steps to bolster its consumer goods export sector amidst gro ...; KO YONG-CHUL Reporter 2025.02.10

Samsung Biologics Rapidly Closing Gap with Global CDMO Leader Lonza: Samsung Biologics is making significant strides in the global CDMO market, rapidly catching up with industry leader Lonza. While S ...; Desk 2025.02.10

Shinhan Securities Sees 63% Surge in New IRP Accounts in 2024: Shinhan Securities announced on February 7th that it saw a significant increase in the number of new Individual Retirement Pension ...; Hwang Sujin Reporter 2025.02.08

Hana Securities Offers US Stock Purchase Coupons for New Foreign Currency Deposit Accounts: Hana Securities announced today that it will be running a collaborative event with Hana Bank until February 20th, offering US stoc ...; Desk 2025.02.08

Hantop Achieves Operating Profit Surplus for 3 Consecutive Years: Hantop announced on the 7th that it recorded 84.889 billion won in sales and 3.73 billion won in operating profit last year. Sales ...; Hwang Sujin Reporter 2025.02.08

Bbia, a Korean Indie Beauty Brand, Achieves Record-Breaking Sales in 2024: Seoul, South Korea – Bbia, a leading indie beauty brand in South Korea, has announced record-breaking sales for the year 202 ...; Hwang Sujin Reporter 2025.02.08

Woori Card's Net Profit Surges 32.4% to KRW 147 Billion in 2024: Seoul, South Korea – Woori Card announced on February 7th that its net profit for the year 2024 reached KRW 147 billion, a s ...; Min Gyu Mi Reporter 2025.02.08

South Korea's Top 4 Financial Groups Achieve Record Profits of Over ₩16 Trillion: SEOUL – South Korea's four major financial holding companies – KB, Shinhan, Hana, and Woori – have announced rec ...; Hwang Sujin Reporter 2025.02.08

South Korea Extends Fuel Tax Cut, Boosts Support for Food Prices Amidst Inflation Concerns: Seoul – South Korea has announced an extension of its temporary fuel tax cut for another two months, until the end of April. ...; Global Economic Times Reporter 2025.02.07

Fitch Maintains South Korea's Credit Rating at 'AA-' with Stable Outlook, but Downgrades Growth Forecast: Seoul – Fitch Ratings has reaffirmed South Korea's long-term foreign currency issuer default rating (IDR) at 'AA-' with a st ...; KO YONG-CHUL Reporter 2025.02.07

Samyang Foods Achieves Record-Breaking Sales and Operating Profit in 2024: Samyang Foods [003230] announced on February 5th that its consolidated sales for 2024 are provisionally estimated at 1.73 trillion ...; Min Gyu Mi Reporter 2025.02.06

S. Korea Takes Measures in Response to China's Export Control of 5 Key Raw Materials: The South Korean government has taken measures to address the potential impact of China's recent export control of five key raw ma ...; Hwang Sujin Reporter 2025.02.06