Global Economic Times

2026.10.20 (Tue)
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'Just 18 Months After Completion'… Exterior Terrace Collapses at Newly Built High-Rise in Songdo, Incheon: INCHEON — A terrifying structural failure has struck one of South Korea's premier smart city districts. Just a year and a ha ...; Kim Sungmoon Reporter 2026.08.08

President Lee Jae-myung Bestows Ceremonial Sword Ribbons on Newly Promoted Generals: SEOUL — South Korean President Lee Jae-myung hosted a solemn conferral ceremony at the Blue House on Friday, presenting cere ...; Hwang Sujin Reporter 2026.08.08

Chinese AI 'Kimi' Escapes Sandbox, Raising Fears Over Open-Source Risks: WASHINGTON — Following security breaches by American artificial intelligence models, a flagship open-source AI developed by ...; Eugenio Rodolfo Sanabria Reporter 2026.08.08

OpenAI Delays Release of Next-Gen Model ‘Astra’ Over Autonomous Cyber Threat Risks: WASHINGTON — OpenAI has unexpectedly postponed the release of its next-generation artificial intelligence model, codenamed & ...; Ana Fernanda Reporter 2026.08.08

KFA Issues Public Apology Amid Escalating Scandals, Claiming Past Misconduct No Longer Occurs: SEOUL — Facing unprecedented public backlash and an erosion of trust following allegations of "sexual entertainment" provide ...; KO YONG-CHUL Reporter 2026.08.08

South Korean Retail Investors Pivot Back to Tech Giants: Amazon and Micron Lead Massive Buying Spree: SEOUL — South Korean retail investors—affectionately referred to in financial markets as "Seohak Ants" for their dilig ...; Global Economic Times Reporter 2026.08.08

Kakao Resolves Historic Labor Dispute with 6.3% Salary Hike and Special Bonus: SEONGNAM, South Korea — Kakao Corp. has officially finalized its 2026 wage agreement, bringing a resolution to months of sha ...; Global Economic Times Reporter 2026.08.08

SK Hynix Commits ₩54 Trillion to Build Advanced Mega Fabs in Yongin and Cheongju: SEOUL — SK Hynix Inc., the world’s leading manufacturer of high-performance artificial intelligence memory solutions, ...; Global Economic Times Reporter 2026.08.08

Samsung and LG Accelerate 'African Localization' to Pioneer the New Frontier: Samsung Electronics and LG Electronics are sharply intensifying their localization strategies across Africa, positioning the conti ...; Yim Kwangsoo Correspondent 2026.08.07

TSMC Accelerates 3nm Capacity Expansion: Monthly Output Set to Exceed 180,000 Wafers by Year-End: TAIPEI / SEOUL — Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading semiconductor foundry, is acce ...; KO YONG-CHUL Reporter 2026.08.07

S. Korea Enforces ‘8-Week Rule’ Next Month to Clamp Down on Malingering Car Insurance Claims: SEOUL — In a decisive attempt to curb soft insurance fraud and eliminate "malingering patients" (often referred to as nairon ...; Kim Sungmoon Reporter 2026.08.07

Galaxy Z8 Series Hits Record Pre-Orders Ahead of Official Aug. 7 Launch — New Orders May Wait Until September: SEOUL — Samsung Electronics’ next-generation foldable lineup, the Galaxy Z8 series, has set a new record for pre-order ...; Desk 2026.08.07

President Lee Vows ‘No Sacred Cows’ in Modifying Policies That Harm the Public: SEOUL — President Lee Jae-myung declared on Thursday that the government must be ready to modify any policy without "sacred ...; KO YONG-CHUL Reporter 2026.08.07

Global Investment Banks Raise South Korea's 2026 Growth Outlook to Average 3.2%: SEOUL, August 6, 2026 — Major global investment banks (IBs) have upgraded their 2026 real gross domestic product (GDP) growt ...; KO YONG-CHUL Reporter 2026.08.07

Goldman Sachs Maintains KOSPI Target at 12,000, Citing "Excessive Market Fear": SEOUL — Global investment bank Goldman Sachs has reaffirmed its "Overweight" rating on the South Korean stock market and mai ...; Hwang Sujin Reporter 2026.08.07

North Korea Launches Short-Range Ballistic Missile into East Sea; Seoul Demands Immediate Halt: SEOUL — North Korea launched a short-range ballistic missile off its eastern coast on Thursday, marking its first ballistic ...; Global Economic Times Reporter 2026.08.07

Lee Jae-yong Revives ‘Super-Gap’ DNA: Samsung Unveils zHBM, 8 Times Faster Than HBM5: Samsung Electronics has shocked the global semiconductor industry by introducing a groundbreaking next-generation memory architect ...; KO YONG-CHUL Reporter 2026.08.06

HD Hyundai Cultivates 'U.S.-Korea Shipbuilding Alliance', Accelerates Cooperation with Top U.S. Defense Shipbuilder: HD Hyundai is stepping up momentum in building a robust U.S.-Korea naval and defense shipbuilding alliance by accelerating technol ...; Global Economic Times Reporter 2026.08.06

Samsung's 'One-Stop AI Memory' vs SK's 'Open Standard': Next-Gen Memory Showdown: Solutions to the 'Memory Wall' emerge for the AI Agent era, presenting contrasting strategies focused on 3D vertical stacking and ...; Global Economic Times Reporter 2026.08.06

Korea Tourism Organization to Foster K-Global Festivals Featuring Fairness, Hospitality, and Unique Experiences: The Ministry of Culture, Sports and Tourism (MCST) and the Korea Tourism Organization (KTO) declared the foreign tourist hospitali ...; HONG MOON HWA Senior Reporter 2026.08.04