Global Economic Times

2025.12.06 (Sat)
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South Korean Millionaires Flee as Inheritance Tax Burden Rises: A new report forecasts a significant exodus of South Korea's wealthy this year, with a projected 2,400 high-net-worth individuals ...; Hwang Sujin 2025.10.19

Chung Kyung-sim Sues Ex-Dongyang University President Choi Sung-hae Over Forgery Claims of Cho Min's Award: Chung Kyung-sim, former professor at Dongyang University, has filed a criminal complaint against eight Dongyang University officia ...; KO YONG-CHUL 2025.10.19

Busan’s Dadaepo Beach Flows with Art: The Sea Art Festival Runs Until November 2nd: BUSAN, South Korea – Dadaepo Beach in Busan has been transformed into a sprawling open-air art museum as the 2025 Busan Sea ...; Global Economic Times 2025.10.19

Korea's Ministry of Employment to Meet with Job Platform CEOs to Combat Overseas Employment Scams: SEOUL, South Korea – The South Korean government is taking swift action to prevent further incidents of overseas employment ...; Yim Kwangsoo 2025.10.19

57-Year Wait Ends: Jeju-Qingdao Sea Route Opens, Boosting Island's Global Trade: Jeju Port has welcomed its first international regular container ship in 57 years, marking a historic milestone since its designat ...; Global Economic Times 2025.10.19

Suncheon Animal Film Festa Opens at Ocheon Green Square: Suncheon, South Korea – The Suncheon Cultural Foundation has announced the hosting of the Suncheon Animal Film Festa (SAFF), ...; Desk 2025.10.19

S. Korea Vows to Minimize Impact on Cambodian Residents After Travel Ban Upgrade: SEOUL - The South Korean Ministry of Foreign Affairs (MOFA) has defended its recent decision to raise the travel advisory level fo ...; KO YONG-CHUL 2025.10.19

Master Rubbing Artist Venerable Heungseon Donates 1,143 Rubbings to National Museum of Korea, the Largest in History: SEOUL — The National Museum of Korea (NMK) announced on October 19, 2025, a momentous acquisition: a historic donation of 1, ...; Desk 2025.10.19

Chef 'Triple Star' Kang Seung-won Cleared of Ex-Wife's Embezzlement Allegations After One Year: Chef Triple Star (real name Kang Seung-won), known for his appearance on the Netflix cooking survival program The Black and White ...; Hwang Sujin 2025.10.19

Overseas Bad Manners: Korean Mother and Daughter Criticized for Monopolizing Benches at Singapore Changi Airport: A Korean mother and daughter have recently faced strong public criticism after being photographed monopolizing five public benches ...; Yim Kwangsoo 2025.10.19

Chuncheon Makguksu and Dakgalbi Festival Achieves Massive Success: Chuncheon, Gangwon Province's representative food festival, the 'Makguksu and Dakgalbi Festival,' achieved explosive success this ...; Yim Kwangsoo 2025.10.19

South Korean Department Store Industry Intensifies Competition for AI-Based 'Hyper-Personalized' Shopping: The South Korean department store industry is accelerating the development of 'hyper-personalized' custom services using Artificia ...; Hwang Sujin 2025.10.19

Son Heung-min Leads LA FC to MLS 'Fastest to 500 Goals' Record, Nets 9th Goal of the Season: 'Super Sonny' Son Heung-min (LA FC) made history in the final match of the Major League Soccer (MLS) regular season, scoring his 9 ...; Hwang Sujin 2025.10.19

Specialty Alloy Market Booms, Korean Giants SeAH and Poongsan Accelerate Investment: Driven by the growth in the defense and rocket markets, South Korean steel giants like SeAH and Poongsan, known as "strong players ...; Global Economic Times 2025.10.19

South Korea 'Trapped': OECD Shock as Tax Revenue Plummets: SEOUL—South Korea faces a dire economic warning, with its ratio of tax revenue to Gross Domestic Product (GDP) plummeting to ...; Desk 2025.10.19

43-Year-Old Chung Ki-sun Takes Helm of HD Hyundai, Driving New SMR and Smart Ship Ventures: Chung Ki-sun, stepping up from Senior Vice Chairman after two years, has been named Chairman of HD Hyundai Group. This move, annou ...; Global Economic Times 2025.10.19

Samsung Heiresses to Sell $1.3 Billion Worth of Samsung Electronics Shares for Inheritance Tax: SEOUL – The controlling family of Samsung Group is set to dispose of a massive block of Samsung Electronics shares, valued a ...; Global Economic Times 2025.10.19

The Shadow Banking Nexus: A New Crisis Epicenter: The IMF identifies the non-bank financial sector (NBFI)—or 'shadow banking'—as the most significant structural threat ...; Eugenio Rodolfo Sanabria 2025.10.19

Chocolate Prices Hold Steady Despite Cocoa Cost Drop: A Look at Korean Confectioners' Challenges: Despite a sharp decline in international cocoa prices, which have plummeted by over half since the beginning of the year, major So ...; Global Economic Times 2025.10.19

Korean Food Festival Captivates Beijing as Bilateral Ties Thaw: BEIJING – A vibrant "K-Food Festa" held in Beijing last week successfully showcased the growing global appeal of Korean cuis ...; Global Economic Times 2025.10.19