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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El Salvador's Exports Set to Reach $11.6 Billion in 2024, Driven by Services Sector: San Salvador, El Salvador – El Salvador’s Corporación de Exportadores (Coexport) has projected that the country ...; Ana Fernanda Reporter 2025.01.05

South Korean Public Institutions to Invest 66 Trillion Won in 2025: Seoul, South Korea – The South Korean government has announced that 26 major public institutions will collectively invest 66 ...; Global Economic Times Reporter 2025.01.05

Foreign Investors Dump Korean Bonds Amid Political Turmoil: Seoul, South Korea – Foreign investors have been offloading Korean government bonds since the declaration of a state of emer ...; Desk 2025.01.05

Medical School Applications Soar in South Korea: Seoul, South Korea – The number of applicants to medical schools in South Korea for the 2025 academic year has surged by nea ...; Desk 2025.01.05

South Korea's Growing Income Inequality Amidst Political Turmoil: Seoul, South Korea – South Korea is grappling with a widening income gap, as data from the National Statistical Office revea ...; Desk 2025.01.05

Soaring Insurance Policy Loans Amid Economic Hardship: Seoul, South Korea – The scale of insurance policy loans, where policyholders borrow against the cash value of their insuran ...; Hwang Sujin Reporter 2025.01.05

SRT to Open Lunar New Year Ticket Reservations on January 13: Seoul, South Korea – SR, the operator of the Suseo High Speed Railroad (SRT), announced today that ticket reservations for t ...; KO YONG-CHUL Reporter 2025.01.05

Entire Communities Mourn Jeju Air Crash Victims: Gwangju and Jeonnam in Deep Sorrow: Gwangju and Jeonnam, South Korea, are enveloped in a deep wave of grief following the devastating Jeju Air crash. With 157 of the ...; Global Economic Times Reporter 2025.01.05

South Korea's Civil Service Sees a Drastic Decline in Popularity: Seoul, South Korea – Despite the South Korean government's efforts to boost the appeal of civil service jobs by increasing t ...; Desk 2025.01.03

Enhanced Internal Controls in South Korean Banks: Seoul, South Korea – South Korean banks and financial holding companies have significantly bolstered their internal controls ...; ONLINE TEAM 2025.01.03

South Korea Sweetens the Deal for Electric Vehicle Buyers: Seoul, South Korea – South Korea is ramping up its efforts to promote electric vehicle adoption by offering more generous su ...; Hwang Sujin Reporter 2025.01.02

Ulsan Man Tops List of South Korea's Worst Landlords: Seoul, South Korea – A 51-year-old resident of Ulsan has been identified as the individual with the largest outstanding debt ...; Desk 2025.01.02

Seoul to Issue 750 Billion Won Worth of Regional Love Gift Certificates at a 5% Discount: Seoul, South Korea – Seoul Metropolitan Government announced on Tuesday that it will issue 750 billion won worth of “ ...; Hwang Sujin Reporter 2025.01.02

Busan Selected to Host 2025 World Smart City Expo: Busan, South Korea – Busan has been chosen as the host city for the 2025 World Smart City Expo, solidifying its position as ...; Global Economic Times Reporter 2025.01.02

Goyang, Uijeongbu, Dongducheon, Pocheon, and Namyangju to receive KRW 4 billion each for park development.: Gyeonggi-do, South Korea – The Gyeonggi Provincial Government announced on February 2nd that it has selected five cities for ...; ONLINE TEAM 2025.01.02

Danyang County, South Korea, Tops Tourism Index Despite Population Decline: Danyang, South Korea – A small county in South Korea's North Chungcheong Province has defied expectations by securing the to ...; Global Economic Times Reporter 2025.01.02

Libya's Oil Production Surpasses 2024 Target Amid Budget Delays: Tripoli, Libya - The National Oil Corporation (NOC) of Libya announced today that daily crude oil production has surpassed this ye ...; Pedro Espinola Special Correspondent 2025.01.01

Record high electricity rates in Norway this week are due to low alternative energy production and high demand for electricity in Europe.: Norway's abundant hydroelectric power used to keep rates low, but with its integration into the European market, hydro-electricity ...; Eugenio Rodolfo Sanabria Reporter 2025.01.01

Korean Ambassador to Tanzania Emphasizes Media's Role in Strengthening Bilateral Ties: Dar es Salaam - The Republic of Korea Ambassador to Tanzania, Ms. Eunju Ahn, has underscored the crucial role of the media in soli ...; Hee Chan Kim Reporter 2025.01.01

Portuguese Prisons Face Security Crisis After Audit Uncovers Major Flaws: Lisbon, Portugal - A damning audit of Portugal's prison system has revealed a litany of security failures, including outdated equi ...; Ana Fernanda Reporter 2025.01.01