Global Economic Times

2026.06.28 (Sun)
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Google Play Hosts 'ChangGoo Alumni Day' to Accelerate Global Expansion for 760 Korean Startups

SEOUL – On June 25, 2026, Google Play, in collaboration with the Ministry of SMEs and Startups (MSS) and the Korea Institute of Startup and Entrepreneurship Development (KISED), held the '20
BYD Unveils First Plug-in Hybrid ‘Sealion 6’ in Korea, Targeting Eco-Friendly Market at 37.5 Million Won

BUSAN — BYD Korea made a significant move in the domestic automotive market on June 26, unveiling its first plug-in hybrid (PHEV) model, the ‘Sealion 6 DM-i,’ at the 2026 Busan Mobil

Minister Kim Secures Breakthrough in EU Steel Quota Negotiations; Eyes Major Submarine Contract in Canada

SEJONG – South Korea’s Minister of Trade, Industry and Energy, Kim Jung-kwan, announced on June 22 that the government has reached a "positive consensus" with the European Unio

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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

Gold Transactions Surge Amidst Escalating Trade War Fears: Seoul, South Korea – The recent surge in gold trading in South Korea has reached unprecedented levels, with daily transactio ...; Hwang Sujin Reporter 2025.02.06

Financial Authorities Strengthen Disaster Recovery Measures Following Kakao's "Service Interruption" Incident: In response to the "service interruption" incident that occurred with Kakao [035720] two years ago due to a fire at the SK C&C ...; KO YONG-CHUL Reporter 2025.02.06

U.S. Trade Deficit Hits Record High in 2024: The United States' trade deficit soared to a record high of $918.4 billion in 2024, as imports surged while exports struggled to k ...; Sharon Yoon Correspondent 2025.02.06

Uber's Q4 Revenue Beats Expectations, But Earnings Fall Short: SAN FRANCISCO – Uber Technologies Inc. released its fourth-quarter earnings on Tuesday, reporting revenue of $11.96 billion, ...; PETER KO 2025.02.06