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2026-07-28 (Tue)

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

10 days ago

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

12 days ago

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

12 days ago

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

12 days ago

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

14 days ago

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

14 days ago

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Business

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

3 days ago

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

4 days ago

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

10 days ago

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

10 days ago

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

12 days ago

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

20 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

4 days ago

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

10 days ago

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

10 days ago

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

12 days ago

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

14 days ago

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

20 days ago

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Most Viewed

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Baek Geum-ja Wooriot to Host 'Musical Costume Fashion Gala Show' at DDP
2
South Korea to Tighten Rules on Single-Stock Leveraged Products; Minimum Deposit Raised to 30 Million Won
3
[Special Feature] The Foundation of Korea’s Informatization: Looking Back at the 1st Administrative Computer Network Project - Part 2
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KCCI Jeju Forum Opens: Chairman Chey Tae-won Urges Businesses to Catch the AI Wave Before It Becomes an Insurmountable Wall
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AI Drones Take to the Skies in Revolutionary Hunt for Mosquitoes
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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

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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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