Global Economic Times

2026.06.05 (Fri)
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Nexon Revamps Signature Youth Coding Competition into AI-Driven 'Nexon Young Programmers Cup'

SEOUL, South Korea — Nexon, a global pioneer in the gaming industry, officially announced on June 4 that it has opened applications for its newly rebranded and completely restructured programmin
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

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"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

South Korea to Debut KTX-SRT Combined Trains: Seat Capacity to Double, Fares to Drop: EOUL — South Korea is set to address the chronic shortage of high-speed rail seatsduring peak periods by physically linking ...; Hwang Sujin Reporter 2026.05.14

China’s Foundry Offensive: Chasing Samsung’s No. 2 Spot via ‘Mature Node’ Dominance: [SEOUL] — As the global semiconductor landscape shifts, Samsung Electronics finds itself in an increasingly precarious posit ...; Desk 2026.05.13

Trump Media Records $440M Loss Amid Failed Bitcoin Bets; Stock Plummets to One-Tenth of Peak: NEW YORK — Trump Media & Technology Group (TMTG), the parent company of Truth Social—the social media platform cha ...; Global Economic Times Reporter 2026.05.11

‘One More Hit and We’d Have Sunk’: The Terrifying ‘Ghost Attack’ That Nearly Cost 24 Sailors Their Lives: (C) Ministry of Foreign Affairs SEOUL – The South Korean government has officially concluded that the recent fire aboard ...; KO YONG-CHUL Reporter 2026.05.11

Internal Rift Deepens Within Samsung Electronics Unions Ahead of Critical Post-Mediation Talks over Profit-Sharing: SEOUL – Internal conflict within Samsung Electronics' labor unions has reached a fever pitch as the company prepares for cru ...; Desk 2026.05.11

The Rise of 'Beta Moms' in the AI Era: Why Modern Parents are Swapping Control for Autonomy: (C) The Financial Express NEW YORK — For decades, the gold standard of parenting in the United States, and indeed much of ...; Global Economic Times Reporter 2026.05.11

South Korea Elevates Public Sector AI Expertise: MOIS Launches Elite 'AI Champion' Training Program: SEOUL – In a decisive move to accelerate the digital transformation of government services, South Korea’s Ministry of ...; Global Economic Times Reporter 2026.05.07

Apple Faces Double Legal Blow: Supreme Court Rejects Fee Appeal While Tech Giant Settles ‘Siri’ Misleading Ad Lawsuit for $250 Million: CUPERTINO, Calif. – Tech titan Apple Inc. has encountered a significant double-front legal setback this week. The U.S. Supre ...; Eugenio Rodolfo Sanabria Reporter 2026.05.07

Global Pay Parity Demands Shaking Tech Giants: Samsung and SK Hynix Face Rising Labor Unrest in China: (C) Business Today Malaysia SEOUL — The ripples of aggressive labor demands in South Korea are now crossing borders, creat ...; Global Economic Times Reporter 2026.05.07

Official Presentation of Credentials in Paraguay: On Monday, May 4, 2026, Ambassador Hyuk-Sang Sohn presented his letters of credence to Santiago Peña, the President of the ...; KO YONG-CHUL Reporter 2026.05.06

U.S. Intelligence: Iran’s Nuclear Capabilities Remain Intact Despite Two Months of Strikes: (C) NPR Despite two months of intensive military operations by the United States and Israel, the U.S. intelligence community asse ...; KO YONG-CHUL Reporter 2026.05.06

Illegal FSD Activations Surge in Korea: Safety Risks and Regulatory Gaps: SEOUL — A growing number of Tesla owners in South Korea are attempting to bypass regional restrictions to activate "Full Sel ...; Desk 2026.05.05

Ministry of Planning and Budget Pioneers AI-Powered Mobile Workspace, Signaling New Era for Public Administration: (C) Niskanen Center SEOUL — In a move that signals a paradigm shift in public administration, the South Korean Ministry o ...; Global Economic Times Reporter 2026.05.05

Fear Over Liability: Why 96% of Korean Elementary Teachers Are Saying ‘No’ to Field Trips: SEOUL — For decades, the school field trip was a rite of passage for South Korean students—a chance to escape the chal ...; KO YONG-CHUL Reporter 2026.05.04

'Lotto Apartment' Fever: Seoul Sees 90,000 Applications in March as Subscription Market Heats Up: The South Korean real estate market witnessed a dramatic surge in home subscription activities this spring. According to data rele ...; Hwang Sujin Reporter 2026.05.04

Lim Tae-hee Pledges to Ease School Uniform Costs, Proposing 400,000 Won Support for Casual Wear: Suwon, Gyeonggi Province — Lim Tae-hee, a preliminary candidate for the Gyeonggi Provincial Superintendent of Education, has ...; Kim Sungmoon Reporter 2026.05.02

Samsung Biologics Faces First-Ever Strike: Cancer Drug Production Halted Amid $110 Million Loss: INCHEON – Samsung Biologics, one of the world’s largest contract development and manufacturing organizations (CDMO), h ...; KO YONG-CHUL Reporter 2026.05.02

Kurly Abandons 'All-Paper' Packaging Strategy Amid Rising Cost Pressures: Kurly, the South Korean e-commerce pioneer known for its premium grocery delivery, has officially rolled back its signature "All-P ...; KO YONG-CHUL Reporter 2026.04.28

Pentagon’s Arsenal Drained by Iran Conflict: Mounting Fears Over Deterrence Gaps in Korea and Taiwan: WASHINGTON D.C. – As the conflict with Iran intensifies, the United States military is burning through its stockpile of prec ...; Yim Kwangsoo Correspondent 2026.04.25

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