Global Economic Times

2026.06.05 (Fri)
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President Lee Assures 'Zero Tolerance' for Corruption, Outlining Vision for South Korea as an 'Irreplaceable Global Leader'

SEOUL — President Lee Jae-myung declared on Wednesday a stern, uncompromising stance against corruption and illegal financial gains, asserting that South Korea will transform into a thoroughly t
Premature 'Victory Celebration' on City Hall Display Sparks Outrage and Allegations of Election Interference in Taebaek

TAEBAEK, South Korea — A major political scandal has erupted in the city of Taebaek, Gangwon State, after an electronic billboard inside the municipal city hall prematurely displayed a graphic c

South Korea’s 9th Local Elections See Surge in Voter Turnout, Eyeing Historic Highs

SEOUL — Voter turnout for South Korea’s 9th nationwide simultaneous local elections and parliamentary by-elections has surged dramatically, raising expectations that the final numbers coul

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Middle East with 'Oil Money' Emerges as the New Battleground for K-Beauty: The South Korean cosmetics industry is entering a new era of leap forward, establishing an unprecedented milestone in the global m ...; HONG MOON HWA Senior Reporter 2026.06.01

From a moment of collective sacrifice to a moment of collective democracy: The Timing of the Election in Ethiopia and Korea: Dessie Dalkie Dukamo, Ethiopian Ambassador to Korea Ethiopia and South Korea will hold elections on successive days this week. ...; HONG MOON HWA Senior Reporter 2026.05.29

USFK Commander Labels South Korea a 'Dagger' to China, Highlighting Strategic Military Value: SEOUL — Gen. Xavier Brunson, the commander of U.S. Forces Korea (USFK), has characterized South Korea as a "dagger" aimed at ...; Global Economic Times Reporter 2026.05.27

Unlicensed Drunk Driver Sentenced to 18 Months in Prison After Stealing Younger Brother’s ID: A man in his 30s who used his brother’s resident registration number to evade punishment after a habitual drunk driving acci ...; Global Economic Times Reporter 2026.05.24

The Onslaught of 'AI Disinformation' Scarier Than Hacking… Human Response Pushed to Its Limits: With the exponential advancement of artificial intelligence (AI) technology, highly sophisticated deepfakes and fabricated informa ...; KO YONG-CHUL Reporter 2026.05.24

Secrets of the 13m Underground Revealed: Seoul Plaza’s 335-Meter Hidden Tunnel Reborn as a 'K-Content Platform' After 40 Years: A massive underground space that has remained hidden 13 meters beneath the heart of Seoul Plaza for 40 years will finally unveil i ...; Hwang Sujin Reporter 2026.05.24

From 'DAL-e' to 'Spot': Hyundai Motor Group Transforms Yangjae Headquarters into an Advanced AI Robotics Testbed: SEOUL – Hyundai Motor Group (the Group) announced today the grand reopening of its Yangjae headquarters lobby, establishing ...; Global Economic Times Reporter 2026.05.21

In the AI Era, CEOs Must Transfigure into ‘Total Experience Owners’ (CXOs), Asserts Douzone Bizon Co-CEO Ji Yong-goo: SEOUL, South Korea — In the rapidly accelerating era of Artificial Intelligence Transition (AX), the traditional paradigms o ...; Desk 2026.05.21

Starbucks Korea’s ‘Tank Day’ Blunder Triggers Broad Shinsegae Stock Sell-Off: SEOUL — A severe public backlash over an insensitive marketing campaign by Starbucks Korea has spilled over into the broader ...; Desk 2026.05.21

Shinsegae Chairman Chung Yong-jin Faced with Legal Complaints Over Starbucks ‘Tank Day’ Controversy: SEOUL — Shinsegae Group Chairman Chung Yong-jin and former Starbucks Korea CEO Son Jung-hyun are facing formal criminal comp ...; KO YONG-CHUL Reporter 2026.05.21

HMM Tanker Begins Safe Passage Through Strait of Hormuz; Foreign Minister Cho Says Negotiations Underway for Remaining 25 Vessels: SEOUL — A South Korean ultra-large crude carrier trapped in the Strait of Hormuz has successfully initiated its passage thro ...; Hwang Sujin Reporter 2026.05.21

FTC Slams Korea's Top 5 Courier Giants with 3 Billion Won Fine Over 'Unfair Contracts': SEOUL — South Korea’s antitrust watchdog has hit the nation’s five major logistics companies with a combined fin ...; Hwang Sujin Reporter 2026.05.19

Samsung Electronics Union to Push Ahead with May 21 Strike Despite Court Injunction: SUWON, South Korea — Despite a court ruling that largely granted Samsung Electronics’ request for an injunction agains ...; Yim Kwangsoo Correspondent 2026.05.19

President, Court Move to Check Looming Samsung Electronics Strike: SEOUL — South Korean President Lee Jae-myung and the judiciary have both moved to check a looming strike by Samsung Electron ...; Desk 2026.05.19

South Korea Toughens Liquidity Rules for Brokerages to Prevent Second 'Legoland Crisis': SEOUL — South Korean financial authorities are tightening their grip on the liquidity management of local brokerage firms. I ...; KO YONG-CHUL Reporter 2026.05.18

LG Electronics Overtakes Samsung to Secure Government Contract for Vulnerable Households' Air Conditioners: SEOUL — LG Electronics has successfully secured a major government contract to supply energy-efficient air conditioners to v ...; Hwang Sujin Reporter 2026.05.18

Beyond Payments: Naver, Kakao, and Toss Accelerate Transition to Comprehensive Financial Platforms: South Korea’s leading fintech trio—Naver Pay, Kakao Pay, and Viva Republica (Toss)—have delivered robust top-lin ...; KO YONG-CHUL Reporter 2026.05.18

“From APEC to PATA” Gyeongbuk Emerges as a Global Tourism Hub: Gyeongsangbuk-do has once again gained international recognition for its outstanding capabilities as a global tourism hub. Followi ...; HONG MOON HWA Senior Reporter 2026.05.15

Flower of Asia-Pacific Tourism Cooperation Blooms in Gyeongju: Unveiling of 'PATA Small Garden': [Gyeongju] Gyeongju Bomun Tourist Complex, South Korea’s first designated tourist district, is transforming into a symbolic ...; HONG MOON HWA Senior Reporter 2026.05.15

"AI as a Shield": Fitch Affirms South Korea's Ample Fiscal Space Amid Global Headwinds: SEOUL — Fitch Ratings has identified South Korea’s burgeoning artificial intelligence (AI) industry as a critical buff ...; Desk 2026.05.14

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