Global Economic Times

2026.03.07 (Sat)
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Governor Kim Tae-heum Envisions "Cheonan-Asan Dome" Through Benchmarking of Singapore Sports Hub

SINGAPORE — In a strategic move to redefine South Korea’s sports and cultural infrastructure, Governor Kim Tae-heum of Chungcheongnam-do (Chungnam) visited the world-renowned Singapore Spo
Airbnb Boosts Jeju’s ‘Halmang’ Stays and Local Empowerment with $230,000 Community Fund

JEJU ISLAND – In a significant move to foster local empowerment and sustainable tourism, Airbnb has announced the allocation of its annual Community Fund to three South Korean organizations. The

Samlip Wins Two Main Awards at the iF Design Award 2026

SEOUL, South Korea — Samlip, the leading South Korean food and beverage company, announced on March 6th that it has secured two "Winner" titles at the prestigious iF Design Award 202

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Gangneung City to Transform into a Leading Garden and Arboretum Destination: Gangneung City is embarking on an ambitious project to establish itself as a premier garden and arboretum city, aiming to combat c ...; Hwang Sujin Reporter 2025.03.07

Illegal Course Trading Thrives on South Korean University Campuses: GANGWON PROVINCE, South Korea - With the start of the new semester, a disturbing trend has emerged in South Korean universities: t ...; Hwang Sujin Reporter 2025.03.07

Organized Online Fraud Ring Busted, Victims Left with Little Recourse: A sophisticated criminal organization engaged in online marketplace fraud has been dismantled, revealing a complex network that vi ...; Desk 2025.03.07

Daegu's Nam-gu District Pushes Forward with Apsan Monorail Project Amidst Opposition: Daegu's Nam-gu District Office has announced its intention to proceed with the Apsan Monorail installation project, which has been ...; Hee Chan Kim Reporter 2025.03.07

55 Fast Food Restaurants in South Korea Cited for Violating Food Sanitation Laws: SEOUL, South Korea – Fifty-five fast food restaurants across South Korea, known for selling popular items like tteokbokki (s ...; Hwang Sujin Reporter 2025.03.07

South Korea Launches Nationwide Crackdown on Drug Crimes, Leveraging AI Technology: Seoul, South Korea – In a decisive move to combat the escalating drug crisis, the South Korean government has announced a co ...; Yim Kwangsoo Correspondent 2025.03.07

Homeplus Faces Supply Halt Amid Restructuring, Labor Unrest: Seoul, South Korea – Homeplus, South Korea's second-largest hypermarket chain, is facing a wave of supply disruptions and gr ...; Desk 2025.03.07

South Korea Considers Immunity for Essential Medical Doctors in Fatal Cases: The South Korean government is advancing a controversial plan to shield doctors from prosecution in cases of patient deaths during ...; Desk 2025.03.07

Tax Authorities Launch Investigation into Tax Evasion Amidst Heated Political YouTube Revenue Competition: SEOUL, South Korea – Amidst the escalating revenue competition among "political YouTubers" during the 12.12 military coup an ...; KO YONG-CHUL Reporter 2025.03.07

North Korea Halts Western Tourist Visits After Three Weeks, Citing Unspecified Reasons: Pyongyang has abruptly suspended tourism for Western groups just three weeks after reopening its borders for the first time in fiv ...; Desk 2025.03.07

Seoul High Prosecutors' Office Review Committee Calls for Arrest Warrants for Presidential Security Officials: The Seoul High Prosecutors' Office Warrant Review Committee has recommended the issuance of arrest warrants for Kim Seong-hoon, De ...; KO YONG-CHUL Reporter 2025.03.07

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

Financial Supervisory Service Launches 'FSS Investment Explorers' Program for Middle and High School Students: The Financial Supervisory Service (FSS) is launching the 'FSS Investment Explorers' program, a financial investment experience edu ...; Desk 2025.03.06

Gwangju Metropolitan City Announces Public Nomination for the 38th Citizen's Award: Seeking the Best Citizen: Gwangju Metropolitan City announced on the 5th that it is publicly seeking nominations for the '38th Gwangju Metropolitan City Cit ...; Yim Kwangsoo Correspondent 2025.03.06

Seoul Metropolitan Government to Issue Additional 74.5 Billion KRW in 'Seoul Love Gift Certificates' to Support Small Businesses: The Seoul Metropolitan Government announced on March 5th that it will issue an additional 74.5 billion KRW worth of 'Seoul Love Gi ...; Hwang Sujin 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

Seoul Doubles Transportation Card Support for Elderly Drivers Voluntarily Surrendering Licenses: Seoul Metropolitan Government announced on January 5th that it will double the transportation card support from 100,000 won to 200 ...; Desk 2025.03.06

Multicultural TV Selected as Public Interest Channel for 2025-2026, Contributing to Enhancing Diversity in Korean Society: Multicultural TV announced on March 5th that it has been selected as a public interest channel for 2025-2026 by the Korea Communic ...; Desk 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

Hong Kong Firm to Sell Panama Canal Port Operations to U.S. Consortium Amidst Trump's Trade Route Ambitions: CK Hutchison Holdings, a Hong Kong-based company, has agreed to sell its Panama Canal port operations to a U.S. consortium led by ...; Graciela Maria Reporter 2025.03.06