Global Economic Times

2026.05.14 (Thu)
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Financial Supervisory Service to Intensify Oversight of Insurers' Unsound Business Practices: The Financial Supervisory Service (FSS) announced on the 5th that it will intensify its supervision and inspection of unsound busi ...; ONLINE TEAM 2025.03.05

Korea's FTC Approves Samsung Electronics-Rainbow Robotics Merger, Paving Way for Humanoid Robot Development: The Korea Fair Trade Commission (FTC) has granted final approval for the merger between Samsung Electronics and Rainbow Robotics, ...; Yim Kwangsoo Correspondent 2025.03.05

KHNP Achieves Asia's First Nuclear Green Bond Issuance: Korea Hydro & Nuclear Power Co. (KHNP) announced on the 5th that it has successfully issued Asia's first nuclear green bond. T ...; Global Economic Times Reporter 2025.03.05

South Korea Shifts Livestock Disease Control to Local and Private Sectors, Expands AI-Driven Prevention: The South Korean government has announced a 'Mid-to-Long-Term Livestock Disease Control Development Plan,' shifting the livestock ...; Global Economic Times Reporter 2025.03.05

Hyundai Marine & Fire Insurance Expands AI Voice Guidance System for Auto Claims: Hyundai Marine & Fire Insurance (001450) announced on the 5th that it has expanded the application of its 'Auto Claims AI Voic ...; Desk 2025.03.05

Lotte Non-Life Insurance's 'wonder' Wins Winner Award at 2024 A.N.D. Award: Lotte Non-Life Insurance (000400) announced on the 5th that its sales support platform 'wonder' won the Winner Award in the Securi ...; Hwang Sujin Reporter 2025.03.05

Kyobo Life Insurance Wins 2024 AND Award for Web Drama 'Neighbors in a Narrow Space': Kyobo Life Insurance has been awarded the Winner Award in the large enterprise category of the Digital Advertising and Campaign di ...; Hwang Sujin Reporter 2025.03.05

South Korea Establishes 50 Trillion Won Fund to Support Advanced Strategic Industries: The South Korean government has announced the establishment of a 50 trillion won fund to support advanced strategic industries, in ...; Desk 2025.03.05

BNK Busan Bank Revamps Lotte Giants-Linked Deposit Products After 18 Years: BNK Busan Bank announced on the 5th that it will revamp its regular deposit and savings products that offer preferential interest ...; Yim Kwangsoo Correspondent 2025.03.05

Homeplus Pushed Out by Online Shopping... January Transaction Amount Alone Reaches 21.8 Trillion Won: While Homeplus, the second-largest hypermarket in South Korea, has entered corporate rehabilitation proceedings due to deteriorati ...; KO YONG-CHUL Reporter 2025.03.05

Financial Authorities Launch Joint Task Force to Combat New Money Laundering Techniques, Conduct Full Investigation of Saemaul Geumgo: Financial authorities are establishing a joint task force (TF) with the financial sector to proactively address emerging money lau ...; Hwang Sujin Reporter 2025.03.05

Insurance Fraud Involving Agents on the Rise; Financial Authorities Vow Strong Response: Financial authorities are taking strong measures as the amount of insurance fraud involving insurance agents increased by nearly 2 ...; Hwang Sujin Reporter 2025.03.05

Financial Supervisory Service Urges Second-Tier Financial Institutions to Swiftly Resolve Non-Performing Assets and Ensure Stable Funding for Vulnerable Groups: The Financial Supervisory Service (FSS) has called on second-tier financial institutions to expedite the resolution of non-perform ...; Desk 2025.03.05

KRW/USD Exchange Rate Surpasses 1,460 Amidst Trump's Tariff Remarks, Limited by Risk-On Sentiment: The KRW/USD exchange rate surpassed 1,460 during trading on the 5th due to U.S. President Donald Trump's tariff remarks, but the u ...; KO YONG-CHUL Reporter 2025.03.05

MBK Partners Under Fire for Appointing Own Personnel as Auditor at Homeplus Amidst Management Failure: MBK Partners, a private equity firm, is facing criticism for appointing its own personnel as the auditor of Homeplus, further cons ...; ONLINE TEAM 2025.03.05

Taeyoung E&C Secures 76.6 Billion KRW Contract for Cheongju Multipurpose Indoor Gymnasium: Taeyoung E&C has announced its first contract win of the year, securing a 76.6 billion KRW project to construct the Cheongju M ...; Hwang Sujin Reporter 2025.03.05

GS E&C’s ‘BEYOND A.’ Magazine Wins Double at iF Design Award 2025: GS E&C’s Xi brand magazine, ‘BEYOND A.,’ has been honored with two Winner awards at the prestigious iF Desig ...; Desk 2025.03.05

South Korea Grapples with Escalating Vacant Housing Crisis: 8 Out of 100 Homes Empty: A recent report by the Construction Economy Research Institute of Korea reveals a deepening vacant housing crisis in South Korea. ...; ONLINE TEAM 2025.03.05

Seoul Pioneers 'Three-Dimensional Parks' to Combat Urban Green Space Scarcity: SEOUL, South Korea – In a groundbreaking initiative to address the growing scarcity of urban green spaces, the Seoul Metropo ...; KO YONG-CHUL Reporter 2025.03.05

KOSPI Rebounds on Hopes of Easing Trade Tensions: The Korea Composite Stock Price Index (KOSPI) rebounded on May 5, breaking a three-day losing streak, and climbed into the 2540 ra ...; Desk 2025.03.05