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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Busan to Create World-Class Art Park in Igidae: Busan, South Korea – The city of Busan has announced plans to transform Igidae Park, a scenic coastal park known for its bre ...; Hwang Sujin Reporter 2025.02.13

Ulsan Embraces AI to Boost Tourism with 'Watseo Ulsan' Platform Upgrade: Ulsan, South Korea – Ulsan Metropolitan City is betting on artificial intelligence to revitalize its tourism sector. The cit ...; ONLINE TEAM 2025.02.13

Calls for Increased CCTV Installation in Schools Following Tragic Death of First Grader: Daejeon, South Korea – The tragic death of an eight-year-old first grader at the hands of her teacher in an elementary schoo ...; Desk 2025.02.13

South Korea Faces Seaweed Glut, Considers Contract Farming: Seoul – South Korea is grappling with a significant overproduction of mulgim, the raw material for seaweed (gim), leading to ...; Desk 2025.02.13

Youth Wages Stagnate as Korea's Job Market Ages: Seoul – A new analysis of Statistics Korea's microdata reveals a troubling trend in South Korea's labor market: young worker ...; Yim Kwangsoo Correspondent 2025.02.13

Supreme Court Rules Franchisees Must Pay for In-Store Music: Seoul – In a landmark ruling, the Supreme Court of Korea has overturned a lower court decision, stating that franchise busin ...; Hwang Sujin Reporter 2025.02.12

Hyundai to Challenge EV Record at Attack Tsukuba 2025 with Ioniq 5 N TA Spec: SEOUL, South Korea – Hyundai Motor Company announced today that it will be competing in the Attack Tsukuba 2025 race at the ...; Global Economic Times Reporter 2025.02.12

Telegram 'Vigilante Group' Leader Indicted for Sexually Exploiting 234 People: Kim Nok-wan (33), who operated a cyber sexual exploitation crime group named 'Vigilante Group' on Telegram and is accused of sexua ...; Desk 2025.02.12

Jeonbuk Education to Boost Global Talent Development with Korean Language Initiative: JEONBUK, South Korea – The Jeonbuk Special Self-Governing Province Office of Education is set to accelerate its efforts in f ...; ONLINE TEAM 2025.02.12

Retirement Pension Fees Snowballing, While Returns Lag Behind Inflation: Retirement pension fees charged by financial institutions in South Korea are ballooning, while investment returns remain dismally ...; Desk 2025.02.12

Incheon Modern Literature Museum to Support Author Meet-and-Greets at Local Bookstores: INCHEON – The Incheon Modern Literature Museum has launched a program called 'Shinbaram Neighborhood Bookstore Book Talk' to ...; Min Gyu Mi Reporter 2025.02.12

Yeonsu Hanmaeum Park Project Receives Green Light, Aiming for 2025 Completion: INCHEON – A significant step forward has been taken in the development of the Yeonsu Hanmaeum Park, a planned 82,649㎡ eco-fr ...; Min Gyu Mi Reporter 2025.02.12

Korean Siblings Convicted in Property Dispute Involving Terminally Ill Mother: INCHEON, South Korea – A Korean couple has been convicted of assault and trespassing after a violent confrontation with thei ...; KO YONG-CHUL Reporter 2025.02.12

Trauma Center Dilemma: The More Lives Saved, the Deeper the Deficit, What is the Solution?: The deficit problem of regional trauma centers, which was widely known through Professor Lee Guk-jong's National Assembly remarks ...; KO YONG-CHUL Reporter 2025.02.12

Gyeonggi Province Faces Dilemma: Balancing Public Transportation Fare Hikes with Economic Hardship: Gyeonggi Province is grappling with a difficult decision: whether to raise public transportation fares amidst a prolonged economic ...; Desk 2025.02.12

Incheon Airport Only Airport in Korea with Rising Bioterrorism Suspicion Reports: Incheon, South Korea – Incheon International Airport is the only airport in Korea that has been consistently receiving repor ...; KO YONG-CHUL Reporter 2025.02.12

Gyeonggi-do Farmers Resist Government's Rice Policy: Farmers in Gyeonggi-do, South Korea, are up in arms against the government's latest initiative to control rice production, citing ...; Min Gyu Mi Reporter 2025.02.12

Extended Retirement Age and Re-employment: A Hotly Debated Issue: Controversy over extending the retirement age is escalating as the government plans to raise the age for receiving national pensio ...; KO YONG-CHUL Reporter 2025.02.12

Over Half of Businesses Reject Refund Settlement in 'T-Mep' Incident, Leading to Lawsuit: SEOUL – The 'T-Mep' incident, involving TMON and WeMakePrice (collectively known as T-Mep) and causing a massive delay in re ...; Hwang Sujin Reporter 2025.02.12

Stricter Regulations on Auxiliary Batteries on Passenger Planes from Next Month: Starting next month, passengers will be required to take safety measures when bringing auxiliary batteries on board passenger plan ...; KO YONG-CHUL Reporter 2025.02.11