Global Economic Times

2026.01.20 (Tue)
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South Korea's Election Watchdog Engulfed in Hiring Scandal, Faces Calls for Resignation Amidst Legal Hurdles: South Korea's National Election Commission (NEC) is reeling from a massive hiring scandal, with top officials facing mounting pres ...; KO YONG-CHUL Reporter 2025.03.07

Shinsegae Group Under Jung Yong-jin Shifts Focus to Aggressive Growth After Solidifying Foundations: Seoul, South Korea – Marking his first anniversary as Chairman of Shinsegae Group, Jung Yong-jin has announced a strategic p ...; KO YONG-CHUL Reporter 2025.03.06

Kolon Group Recruits Pharmaceutical Commercialization Expert Jeon Seung-ho to Lead US Market Strategy for 'Invossa': Kolon Group has appointed Jeon Seung-ho, former CEO of Daewoong Pharmaceutical, as an advisor for its biohealthcare division and C ...; KO YONG-CHUL Reporter 2025.03.06

Police Prepare for Emergency Response as President Yoon Suk-yeol's Impeachment Ruling Looms: Seoul, South Korea – As the Constitutional Court is expected to deliver its ruling on President Yoon Suk-yeol's impeachment ...; KO YONG-CHUL Reporter 2025.03.06

K-Rail's Maintenance Expertise Expands Globally, Securing Landmark Deals in Morocco and Uzbekistan: SEOUL, South Korea – Korea Railroad Corporation (KORAIL) has announced a series of significant international contracts, soli ...; KO YONG-CHUL Reporter 2025.03.06

'Elegy Queen' Lee Mi-ja Announces Farewell Performance, Hinting at Retirement After 66-Year Career: Lee Mi-ja, the legendary South Korean singer known as the "Elegy Queen," has signaled her impending retirement after a remarkable ...; KO YONG-CHUL Reporter 2025.03.06

Air Force Colonel Sent to Prosecution for Sexual Assault and Attempted Rape of Female Officer: The Chungbuk Provincial Police Agency announced on March 5th that they have forwarded Colonel A of the 17th Fighter Wing to the pr ...; KO YONG-CHUL Reporter 2025.03.06

Cosmax Group Recruits Former CJ Olive Young CEO Heo Min-ho as Vice Chairman and CEO: Cosmax Group announced on the 5th that it has recruited former CJ Olive Young CEO Heo Min-ho as Vice Chairman and new CEO of its h ...; KO YONG-CHUL Reporter 2025.03.05

South Korea's GNI per Capita Rises 1.2% in 2023, Marking Second Consecutive Year of Growth: According to data released by the Bank of Korea, South Korea's Gross National Income (GNI) per capita reached $36,624 in 2023, a 1 ...; KO YONG-CHUL Reporter 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

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

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

Homeplus Seeks Corporate Rehabilitation Amid Financial Strain: Seoul, South Korea – Homeplus, a prominent South Korean supermarket chain, has filed for corporate rehabilitation with the S ...; KO YONG-CHUL Reporter 2025.03.04

NAQS Intensifies Crackdown on Misleading Origin Labels in Online Food Market: SEOUL, South Korea – The National Agricultural Products Quality Management Service (NAQS) has launched a rigorous crackdown ...; KO YONG-CHUL Reporter 2025.03.03

Daegu to Host 23rd International Textile Fair Showcasing High-Tech and Sustainable Innovations: Daegu Metropolitan City has announced the opening of the 23rd Daegu International Textile Fair (Preview In Daegu) at EXCO from Mar ...; KO YONG-CHUL Reporter 2025.03.03

K-Pass Surpasses 3 Million Users in 10 Months, Offering Significant Public Transportation Savings: The K-Pass, a public transportation card that refunds a certain percentage of usage fees, has surpassed 3 million users within 10 ...; KO YONG-CHUL Reporter 2025.03.03

The Ministry of Environment has published a government-approved elementary textbook on environmental health, titled "Environment and Health.": On March 3rd, the Ministry of Environment announced that it has published an environmental health textbook for 3rd and 4th-grade e ...; KO YONG-CHUL Reporter 2025.03.03

South Korean Manufacturers Eye Alternative Power Sources Amid Rising Electricity Costs: SEOUL – A recent survey by the Korea Chamber of Commerce and Industry (KCCI) reveals that nearly 40% of South Korean manufac ...; KO YONG-CHUL Reporter 2025.03.03

Seoul Launches Project to Prevent Wild Bird Collisions with Buildings: Seoul, South Korea - The Seoul Metropolitan Government announced on March 3rd that it will be recruiting participants for its "Wil ...; KO YONG-CHUL Reporter 2025.03.03

South Koreans Devour Pork, with Samgyeopsal Leading the Pack: South Korea's love affair with pork continues unabated, with the average citizen consuming a staggering 30 kilograms (66 pounds) o ...; KO YONG-CHUL Reporter 2025.03.03