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2026-07-26 (Sun)

SK Chairman Chey Tae-won Ordered to Pay $680 Million in Landmark Divorce Settlement; Foreign Media Dubs Case "Real-Life K-Drama"

In a historic ruling that concludes a decade-long legal battle, a South Korean court has ordered SK Group Chairman Chey Tae-won to pay 944.0 billion KRW (approximately $680 million) in cash as a prope

Woori Financial Group Achieves Q2 Earnings Turnaround, Posting $1.16B First-Half Net Profit Fueled by Non-Banking Surge

SEOUL — Woori Financial Group announced on July 24, 2026, that it achieved a consolidated net profit of 1.609 trillion KRW (approximately $1.16 billion USD) for the first half of the year. The r
President Lee Embarks on 5-Nation Tour of the Americas and Germany... Full Focus on Advanced Industries and Supply Chain Diversification

HEADLINE

President Lee Embarks on 5-Nation Tour of the Americas and Germany... Full Focus on Advanced Industries and Supply Chain Diversification

President Lee Jae-myung is embarking on a major 7-night, 11-day overseas tour spanning the Americas and key European nations. The itinerary includes five countries in total: the United States, Brazil,

EU Hits Google with €890 Million Fine Under Digital Markets Act, Triggering Sharp Backlash from Washington

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EU Hits Google with €890 Million Fine Under Digital Markets Act, Triggering Sharp Backlash from Washington

BRUSSELS / WASHINGTON — The European Union has reignited transatlantic trade tensions by imposing a massive penalty on U.S. tech giant Google. The European Commission announced on July 23 that i

KAIST and NVIDIA Partner to Establish $300 Million AI Joint Research Center in Korea 

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KAIST and NVIDIA Partner to Establish $300 Million AI Joint Research Center in Korea 

SEOU — The Korea Advanced Institute of Science and Technology (KAIST) announced on Friday that it will establish the "NVIDIA-KAIST Joint AI Research Lab" at its Kim Jaechul Graduate

“From AI to Robotics and Safety”: 80 Innovative Products Enter South Korea's Public Market

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“From AI to Robotics and Safety”: 80 Innovative Products Enter South Korea's Public Market

DAEJEON, South Korea — South Korea’s Public Procurement Service (PPS) announced on July 24 that it held the "3rd Innovative Product Designation Ceremony of 2026" at the Governm

Fashion Runway Show 2026

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Fashion Runway Show 2026

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

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Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

[Global Economic Times] Jeju Special Self-Governing Province is the first in the country to implement a ‘used blanket circular economy pilot project’. Jeju Island signed a business agreem

Distribution Economy

Government Extends 5.2 Trillion Won in Loans for Homeplus Suppliers to Minimize Damage to Workers and SMEs

Distribution Economy

S. Korea Accelerates Leveraged ETF Rules: ₩30M Cash Deposit Required Starting July 31

Industry

Hanwha Ocean Bolsters Alliances with U.S. Partners to Drive Forward "MASGA" Shipbuilding Initiative

People & Life

BOK Governor Hyunsong Shin Discloses 8.2 Billion Won in Assets, Moves to Liquidate Foreign Assets Amid Ethics Scrutiny

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Synthesis

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FSC Slams Young Poong with Record $14.7 Million Fine Over Deliberate Accounting Fraud

8 days ago

Korean Independence Flag Raised at NYC's Waldorf Astoria Restored to Original Glory

10 days ago

FRAUD AT THE GATES: PROSECUTORS TAKE ON ILLEGAL APARTMENT SUBSCRIPTIONS IN DONGTAN 2 NEW TOWN

10 days ago

President Lee Advocates Swift Debt Forgiveness, Dismissing "Moral Hazard" Concerns as "Irresponsible Demagoguery"

10 days ago

Rising Tide of 'AI Nationalism' and 'National Dividend': All Eyes on U.S. Political Moves

12 days ago

Dunamu Appointed to Manage Seized Crypto Assets: 100% Liability and 24/7 Response Mandates Spark Industry Debate

12 days ago

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Business

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Samsung Electronics Reassigns CSS Power Semiconductor Staff to Memory and Foundry Divisions

22 hours ago

2026 Osong Cosmetics & Beauty Expo Marks D-90 Countdown: Championing K-Beauty’s Global Growth

2 days ago

KCCI Jeju Forum Opens: Chairman Chey Tae-won Urges Businesses to Catch the AI Wave Before It Becomes an Insurmountable Wall

8 days ago

Hyundai Motor Group to Acquire 100% Stake in Boston Dynamics, Accelerating Humanoid and Physical AI Commercialization

8 days ago

Google Unveils ‘Full-Stack AI’ Strategy to Accelerate AI Transformation for South Korean Enterprises

10 days ago

K-Games Expand Reach: Major Korean Game Developers Target US Subculture Fandom at Anime Expo 2026

18 days ago

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Industry

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Alphabet’s Aggressive AI Capex Expansion Dispels ‘Peak-Out’ Fears, Triggering Powerful Semiconductor Rally

2 days ago

Zeekr Celebrates 5th Anniversary by Setting New Guinness World Record for Electric Vehicle Drifting

8 days ago

Robots Preserving the Taste of Kyochon’s ‘Honey Combo’: Automated Frying and Batter Dispensing Expand Nationwide

8 days ago

South Korea Sets 2027 Minimum Wage at 10,700 KRW per Hour, Rebounding to 3.7% Increase After Intense Negotiations

10 days ago

US Pivots to 'Friend-Shoring' for Robotics Supply Chain: Expanding Horizons for Hyundai Motor Group

12 days ago

'The Jae-Chul Ryu Magic': LG Electronics Hits New Milestones in Q2 Performance

18 days ago

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South Korea to Tighten Rules on Single-Stock Leveraged Products; Minimum Deposit Raised to 30 Million Won
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Google Cloud Deploys ‘Gemini Enterprise’ to Samsung Electronics DX Division
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[Special Feature] The Foundation of Korea’s Informatization: Looking Back at the 1st Administrative Computer Network Project - Part 2
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Opinion

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Coupang’s ‘Chameleon Management’ Arbitrarily Switching Its Nationality

The Fall of Korean Football: Questioning the Weight of Responsibility

The True Face of Our Politics After Stripping Away the Mask of Fairness

The Word of a U.S. President Worth Less Than a Dollar

Photo News

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ICT(Information and Communication Technology)

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South Korea Launches Comprehensive ‘Agentic AI Initiative’ to Secure Global Leadership in Execution-Centric AI Ecosystems

Google Developing Custom AI Chip Optimized for Gemini, to Be Produced Alongside Existing TPUs

AI Drones Take to the Skies in Revolutionary Hunt for Mosquitoes

Column

Distribution Economy

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Inflation Pressures Persist Despite Lower Oil Prices: Korea's Supply Price Index Hits 47-Month High

Inflation Pressures Persist Despite Lower Oil Prices: Korea's Supply Price Index Hits 47-Month High

Bank of Korea Overhauls ₩30 Trillion Intermediary Lending Facility to Boost SMEs and Regional Economies
Bank of Korea Overhauls ₩30 Trillion Intermediary Lending Facility to Boost SMEs and Regional Economies
U.S. Re-designates South Korea on Foreign Exchange Monitoring List While Commending Market Liberalization Progress
U.S. Re-designates South Korea on Foreign Exchange Monitoring List While Commending Market Liberalization Progress
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