Global Economic Times

Top News of the day

2026-06-16 (Tue)

Synthesis
Prime Minister Kim Announces 20 Trillion Won Support for New "Integrated Special Cities"
Distribution Economy
South Korea's Overseas Card Spending Soars to Record High of $5.93 Billion Amid Travel Boom
Synthesis
Feature Article: Island Airports Face Takeoff Trouble as Airlines Balk at Low Profitability

LS Cable & System Clinches Phase 2 of East Coast–Seoul HVDC Project, Solidifying National Grid Leadership

SEOUL — LS Cable & System announced on Monday, June 15, 2026, that it has successfully secured the contract for the second phase of the East Coast–Metropolitan Area High Voltage Direct

South Korea’s Permanent Jobs Shrink for First Time in 26 Years: A Severe Blow to the 2030 Generation

SEOUL — South Korea’s labor market has hit a major roadblock as permanent employment contracted for the first time in over 26 years, dealing a heavy blow to young job seekers. According to

HEADLINE
Trump Announces End of Iran War; Hormuz Strait Reopened Tol-Free: WASHINGTON — In a dramatic and historic turn of events, U.S. President Donald Trump announced on Sunday that the United States and Iran have successfully reached a definitive peace agreement, ef

HEADLINE
KOSPI Soars at Market Open, Triggering Buy Sidecar on U.S.-Iran Peace Agreement: SEOUL — The South Korean benchmark KOSPI index experienced a dramatic surge immediately after the opening bell on Monday, triggering a temporary suspension of program buying orders—commonl

HEADLINE
121 Seconds Was All It Took: Cyle Larin Rescues Host Nation Canada to Secure Historic First-Ever World Cup Point: TORONTO — When the pressure was at its absolute peak, Canada’s all-time leading goalscorer reminded the world exactly why his nation relies on him. On Saturday, June 13 (local time), the

HEADLINE
"More Than in Winter": Why Stray Cats Hide in Car Engine Rooms in June: The sight of a stray cat curled up inside a car's engine room is a familiar story during the freezing winter months, as animals look for any remaining engine heat to survive the cold. However, exp

HEADLINE
Fashion Runway Show 2026

HEADLINE
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

Focus Shifts from Rates to Rhetoric: Markets On Edge for Fed Chair Warsh’s Debut Message at June FOMC

Distribution Economy

Banks Lock in Corporate Funds with 3% Deposit Rates to Counter 'Money Move' Risks

Sports

Jung-hoo Lee’s Historic 18-Game Hitting Streak Comes to an End Against the Cubs

Well+Being

Your Daily Tumbler Isn't Forever: Why That Insulated Mug Has a One-Year Expiration Date on Vital Parts

Synthesis

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Rediscovering a ‘World Where People Live’ 20 Years After the Hwang Woo-suk Scandal: A New Era of Science and Collective Intelligence

6 hours ago

'K-Medicine' Sweep Drives Foreign Medical Spending in Korea to Record High of 250 Billion Won

2 days ago

Beyond the Numbers: The Science of ‘11 Brix’ and the Secret to Picking the Perfect Watermelon

2 days ago

Samsung Electronics Launches 12th Annual Programming Challenge for University Students to Foster Tech Talent

2 days ago

SAMSUNG, FERRARI LEAD NEW ERA OF KOREA-ITALY ECONOMIC ALLIANCE IN ROME

2 days ago

4 in 10 New Property Owners in Seoul are First-Time Buyers, Led by 30s

5 days ago

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Business

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[In-depth Report] The Islamic ‘Halal Barrier’ Just Around the Corner… The Silent Screams of K-Beauty SMEs

3 days ago

Korea-EU Forge 'Digital Alliance' to Penetrate 450M Consumer Market, Expanding Economic Territory with $165M Investment

5 days ago

Chungbuk Province Achieves $4.92 Million in Export Contracts at Thailand International Food Exhibition

7 days ago

Taihan Cable & Solution Secures 140-Billion-Won Extra-High Voltage Power Grid Contract in Singapore, Proving Global Competitiveness

8 days ago

Daewoong Pharmaceutical’s ‘Envlo’ Demonstrates Consistent Blood Glucose-Lowering Efficacy Across Multinational Patients

8 days ago

Hyundai AutoEver and KOFAC Launch 'Youth Robotics Challenge' to Nurture Future Digital Talent

8 days ago

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Industry

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LX Pantos Steps Up Safety for Partners, Supplying New Functional Workwear to 100 Cooperating Companies

6 days ago

SK Chairman Chey Tae-won Proposes $7 Trillion Economic Integration Through Korea-Japan Alliance to Shift Toward a Low-Cost Structure

6 days ago

Semis Move South: Samsung and SK hynix Poised to Announce Multi-Trillion Won Plants in Honam and Chungcheong

6 days ago

Samsung Launches Massive 'AX Revolution' Under Chairman Lee Jae-yong, Overhauling Corporate DNA with AI

6 days ago

From Streaming to Playing: Nexon and Naver Unveil Revolutionary Cross-Platform Integration for 'FC Online' on Chzzk

8 days ago

LG CNS Launches 'DevOn Agentic AIND': An Agentic AI-Driven IT System Development Platform

8 days ago

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Most Viewed

1: Opening a 'New Horizon' for Korea-Pakistan Economic Cooperation… Exchange Event Successfully Held in Changwon

2: [In-depth Report] The Islamic ‘Halal Barrier’ Just Around the Corner… The Silent Screams of K-Beauty SMEs

3: [Interview] From Radiant Actor to Warm Companion… Actor Han Ji-il’s Great Second Act of Life

4: South Korea’s Top Five Automakers Suffer Broad May Sales Decline Amid Weakening Domestic Demand and Global Headwinds

5: Tesla and BYD Penetrate South Korea’s Stronghold as Domestic Auto Sales Stumble

Opinion

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The Privatization of National Security and the Collapse of Constitutional Order: The Paradox of the 'Anti-State Forces' Framing and Judicial Punishment

The Wavering Blade of Power and Diplomatic Stalemate: A Warning Sign from America's Internal Strife

Overcoming the Fragility of Robot Firms is Prerequisite to the Flourishing of Physical AI

"The 'Conservatives' of Korean Society and the 'Far-Right' on the Streets are Strictly Different"

ICT(Information and Communication Technology)

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AI Laptops to Cross 50% Market Share Next Year as PC Giants Launch Full-Scale Offensive

U.S. Imposes Drastic Export Controls on Anthropic’s Cutting-Edge ‘Mythos’ AI, Triggering Fierce Industry Backlash

POSCO Holdings to Extract Lithium from Low-Concentration Brine in U.S.

Column

Distribution Economy

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Mirae Asset Fails to Secure SpaceX IPO Shares, Dealing a Blow to Domestic ETF Portfolios

President Lee Demands End to Stock Manipulation via Media: “Return to Honest Journalism”

EV Public Charging Discounts Prove Successful: Usage Surges 9.2% as South Korea Pilots Demand-Shifting Grid Strategy

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