Global Economic Times

2025.10.29 (Wed)
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4 Korean Teams Win at the Inaugural 2025 OKTA Global Startup Competition

Songdo, Incheon – The final round of the '2025 OKTA Global Startup Competition,' hosted by the World Federation of Overseas Korean Traders Associations (World-OKTA), was held at Songdo C
Grand Opening of the 29th World Korean Business Convention in Songdo Convensia, Incheon

The 29th World Korean Business Convention (2025 Korea BCSF Incheon) grandly opened on October 27 at Songdo Convensia in Incheon. The convention is co-hosted by the World Federation of Overseas Korean

Kia Inaugurates New CKD Plant in Kazakhstan, Accelerating Global Supply Chain Diversification

Kostanay, Kazakhstan — Kia Corporation officially opened its second Complete Knock-Down (CKD) joint assembly plant in Kostanay, Kazakhstan, on October 21, 2025, marking a significant step in div

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South Korea Unveils Stimulus Package to Boost Economy: Seoul, South Korea – The South Korean government has announced a comprehensive stimulus package aimed at revitalizing the do ...; Desk 2025.01.03

Ministry of Trade, Industry and Energy and Ministry of National Defense Sign MOU to Collaborate on 3D Printing for Defense: Seoul, South Korea – The Ministry of Trade, Industry and Energy (MOTIE) announced today that it has signed a Memorandum of U ...; KO YONG-CHUL Reporter 2025.01.02

Fair Trade Commission Tightens Penalties for False Advertising: Seoul, South Korea – The Fair Trade Commission (FTC) announced today that it will revise its detailed guidelines for imposin ...; Global Economic Times Reporter 2025.01.02

AI-Powered Stocks Soar in Nasdaq as AppLovin Leads the Charge: New York, NY – The Nasdaq Composite experienced a meteoric rise of 30% last year, primarily driven by the surge in artificia ...; Eugenio Rodolfo Sanabria Reporter 2025.01.02

SPC Group to Build Largest Overseas Bakery in Texas: Dallas, Texas – SPC Group, the parent company of Paris Baguette, announced today that it will construct its largest overseas ...; Global Economic Times Reporter 2025.01.02

South Korea's Big 5 Banks See Slowdown in Household Lending: Seoul, South Korea – South Korea's five largest commercial banks experienced a notable slowdown in household lending last mo ...; Global Economic Times Reporter 2025.01.02

South Korea's Growing List of Malicious Landlords: A recent tally has revealed that a staggering 1,177 individuals and corporations (including 1,128 individuals and 49 corporations) ...; Hwang Sujin Reporter 2025.01.02

Samsung SDS Crowned as South Korea's Largest Cloud Service Provider: Seoul, South Korea – Samsung SDS has been recognized as South Korea's premier cloud service provider, according to the lates ...; Global Economic Times Reporter 2025.01.02

Lotte Chairman Calls for Radical Overhaul Amidst Economic Uncertainty: Seoul, South Korea – Lotte Group Chairman Shin Dong-bin has urged a radical overhaul of the conglomerate, emphasizing the ne ...; Desk 2025.01.02

Jeju Air Faces Massive Refund Wave Following Deadly Crash: Seoul, South Korea – February 2, 2025 – Jeju Air, South Korea's largest low-cost carrier, is facing a significant fina ...; Desk 2025.01.02

Iran and Russia Deepen Ties Amid Growing Trade and Economic Cooperation: Tehran, Iran - Iran and Russia are steadily deepening their economic and political ties, with both nations emphasizing the importa ...; Graciela Maria Reporter 2025.01.01

SM Entertainment's Earnings Take a Hit as Key Subsidiary's Classification Changes: SEOUL, South Korea – SM Entertainment, one of South Korea’s leading entertainment agencies, has reported a significant ...; Hwang Sujin Reporter 2025.01.01

AI-Powered Insurtech Firm IGINET Eyes IPO, Targets Valuation of 127.6 Billion Won: Seoul, South Korea – IGINET, a pioneering AI-powered insurtech platform, is gearing up for its Initial Public Offering (IPO) ...; Global Economic Times Reporter 2025.01.01

Hancom Accelerates AI Transformation, Aims to Revolutionize Document Creation: Seoul, South Korea – Hancom, a leading South Korean software company, is rapidly evolving into an AI-centric organization. T ...; Desk 2025.01.01

Multiple Crises Plunge South Korea's Gangwon Province into Economic Turmoil: Gangwon, South Korea – A confluence of crises has sent South Korea's Gangwon Province into economic turmoil, leaving small b ...; ONLINE TEAM 2025.01.01

Ulsan's Manufacturing Soars, While Consumption Lags: Ulsan, South Korea – Ulsan’s manufacturing sector continued its upward trajectory in November, marking eight consecuti ...; Global Economic Times Reporter 2024.12.31

South Korea Expands Convenience Facilities in Port Hinterland Complexes: SEOUL, South Korea – The Ministry of Oceans and Fisheries has announced a significant overhaul of regulations governing port ...; Desk 2024.12.31

Gyeongnam Province Drives Innovation in Seafood Processing: Tongyeong, South Korea – In a bid to elevate the province's fishery industry, Gyeongnam, South Korea's second-largest seafoo ...; Desk 2024.12.31

Yangsan City Offers Financial Lifeline to Struggling Small Businesses: Yangsan, South Korea – In a bid to alleviate the financial burdens faced by small businesses amidst the prolonged economic d ...; KO YONG-CHUL Reporter 2024.12.31

Hwangsangjumin, a Korean Soy Bean Mousse Producer, Sees a 3-Fold Increase in Sales After Participating in a Government-Supported Online Sales Program: Yeoncheon, South Korea – Hwangsangjumin, a local company producing "Joseon Kong Mousse" made from domestically grown soybean ...; Global Economic Times Reporter 2024.12.31