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2026.11.11 (Wed)
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South Korea's Youth Job Market Sinks to 6-Year Low as Officials Point to AI and Hiring Shifts

SEOUL — South Korea’s youth labor market faced a grim milestone in October 2026, recording its lowest October employment rate in six years. According to the National Data Agency’s la
Busan Previews Marine Taxi Service with Media Test Run on Suyeong River

BUSAN — Busan is taking a bold step toward redefining urban mobility and coastal tourism. On November 11, the metropolitan city hosted a special test run for local journalists, showcasing the up

Busan Forges Closer European Ties in Maritime, Port, and Design to Accelerate Global Hub Ambitions

MUNICH/LONDON/HAMBURG — In a robust push to elevate its global standing, Busan City has launched an ambitious 8-day European diplomatic mission spanning the United Kingdom and Germany. Led by Ma

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Baek Jong-won Threatens to Relocate Yesan Market Amid Gentrification Concerns: Seoul, South Korea – Celebrity chef and restaurateur Baek Jong-won has threatened to relocate the popular Yesan Market if sk ...; Hwang Sujin Reporter 2024.11.20

Korean Laver Commands Record Prices amid Global Demand: Yeosu, South Korea – A new variety of Korean laver, "Haetbadi 1," has set a record price of 1 million won per bundle (120kg) ...; Hwang Sujin Reporter 2024.11.20

Max Streaming Service Launches in Taiwan, Intensifying Competition: Warner Bros. Discovery's streaming service, Max, has officially launched in Taiwan, marking its entry into the competitive Asian m ...; Graciela Maria Reporter 2024.11.20

Nepal and Germany Sign €10 Million Grant Agreement to Boost Power Distribution: Kathmandu, Nepal – The Government of Nepal and the Federal Republic of Germany have signed a €10 million (approximately ...; Pedro Espinola Special Correspondent 2024.11.20

AI Revolution: A Double-Edged Sword for the Job Market: The rapid advancement of artificial intelligence (AI) since 2007 has brought about a wave of both optimism and anxiety. While many ...; Ana Fernanda Reporter 2024.11.20

IPOs Drive Surge in South Korea's Equity Financing: Seoul, South Korea – South Korea saw a significant surge in equity financing in October, driven by a surge in Initial Public ...; Hwang Sujin Reporter 2024.11.18

Woori Bank Hit by Another Fraudulent Loan Scandal, Marking the Fourth Incident This Year: Seoul, South Korea – Woori Bank has once again been embroiled in a significant financial fraud scandal, marking the fourth s ...; KO YONG-CHUL Reporter 2024.11.17

HD Hyundai Accelerates Owner-Led Management with Jeong Ki-sun's Promotion: Seoul, South Korea - HD Hyundai has strengthened its owner-led management structure with the promotion of Jeong Ki-sun to Executiv ...; Hwang Sujin Reporter 2024.11.16

Samsung Electronics and Union Reach Tentative Labor Agreement Amidst Industry Rivalries: Seoul, South Korea - Samsung Electronics and the National Samsung Electronics Union (NSEU) have reached a tentative agreement on a ...; Hwang Sujin Reporter 2024.11.16

South Korea's Banking Sector Faces Growing Strain Amidst Rising Non-Performing Loans: Seoul, South Korea – South Korea's four largest financial groups have seen a significant surge in non-performing loans (NPLs ...; Desk 2024.11.16

Salmonella and E. coli Outbreaks Prompt Surge in Food Recalls: A recent spike in Salmonella and E. coli outbreaks across the United States has led to a surge in food recalls, with heightened co ...; Global Economic Times Reporter 2024.11.12

Starbucks Korea Introduces Digital Planner for the First Time in 22 Years: Seoul, South Korea – Starbucks Korea has announced the launch of a digital planner, marking a significant departure from its ...; Desk 2024.11.11

Daewoo Engineering & Construction Secures Major Fertilizer Plant Project in Turkmenistan: Seoul, South Korea - Daewoo Engineering & Construction (Daewoo E&C) announced today that its Chairman, Jung Won-ju, visite ...; Global Economic Times Reporter 2024.11.11

US economy growing despite voter angst: The US economy grew solidly in the three months to September, expanding at an annual rate of 2.8%. Despite there being a slight s ...; Global Economic Times Reporter 2024.11.09

Hyundai Engineering & Construction Secures Massive Bulgarian Nuclear Power Plant Project: Hyundai Engineering & Construction (Hyundai E&C) has won a bid to construct a new nuclear power plant in Bulgaria, marking ...; ONLINE TEAM 2024.11.06

Nexon to Expand Global Market with Strengthened IP Franchises: Nexon, celebrating its 30th anniversary this year, has announced plans to expand its global market presence by strengthening its i ...; Desk 2024.11.02

Microsoft Reports Strong Q3 Earnings, Fueled by AI Growth: Microsoft has reported better-than-expected third-quarter earnings, driven by strong growth in its cloud computing business. The c ...; Pedro Espinola Special Correspondent 2024.11.02

Sungsimdang makes ‘Daejeon bread’ with wheat grown directly… Planning a wheat field festival: Daejeon's famous Sungsimdang has launched a new business linking local agriculture and tourism. On the 1st, Sungsimdang signed a & ...; Hwang Sujin Reporter 2024.11.02

Korea & Company completes acquisition of Hanon Systems... Hyeonbeom Cho, 10-year plan comes to fruition: Korea & Company Group successfully completed the acquisition of Hanon Systems, expanding its influence in the global auto part ...; Global Economic Times Reporter 2024.11.01

A Twosome Place targets the holiday season by launching a new product, ‘Schoosaeng’: A Twosome Place has begun full-fledged year-end marketing by launching a number of new products for the 2024 holiday season. In pa ...; Hwang Sujin Reporter 2024.11.01