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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South Korea Fines Paper Cartel $245M for Systematic Price Fixing: SEJONG – The Korea Fair Trade Commission (KFTC) announced on Thursday that it has imposed a combined fine of 338.3 billion K ...; KO YONG-CHUL Reporter 2026.04.25

South Korea Expands Child Allowance: 2017-born Children to Receive Up to ₩480,000 this Month: SEOUL – The South Korean Ministry of Health and Welfare announced on Thursday a significant expansion of the national child ...; Yim Kwangsoo Correspondent 2026.04.25

Blue House Secures 74 Million Barrels of Oil for May; Moves to Slash Middle East Reliance: SEOUL — The South Korean Presidential Office announced on Friday that the nation has secured a stable supply of crude oil fo ...; Global Economic Times Reporter 2026.04.25

Secondary Battery Boom Ignites: Samsung SDI, LG Energy Solution Surge Over 5% in Pre-market: SEOUL — South Korea’s secondary battery sector is witnessing a massive resurgence. Shares of industry giants Samsung S ...; Desk 2026.04.22

Lee Jae-yong’s Vision Vindicated: Samsung’s $8B Harman Deal Doubles Revenue to $12B in a Decade: [SEOUL] Ten years after Samsung Electronics Executive Chairman Lee Jae-yong orchestrated the boldest acquisition in South Korean c ...; KO YONG-CHUL Reporter 2026.04.22

MAFRA Unveils Success in Integrated Rural Care: Synergizing Social Farming and Medical Services: Rural care in South Korea is evolving into a comprehensive model that integrates agriculture, medical care, and essential life ser ...; ONLINE TEAM 2026.04.21

Generative AI Use Triples Among Seoul Citizens, but Digital Divide Persists for Seniors: The adoption of Artificial Intelligence (AI) is rapidly spreading across Seoul, but a significant "digital divide" remains as the ...; Hwang Sujin Reporter 2026.04.21

60-Year-Old Man Sentenced to 27 Years in Prison for Killing Wife Immediately After Restraining Order Expired: An appellate court has upheld a heavy prison sentence for a man in his 60s who brutally murdered his wife just one week after his ...; KO YONG-CHUL Reporter 2026.04.19

K-Innovation Hits Record High: Over 27,000 Public Ideas Flood the ‘Everyone’s Idea’ Project: DAEJEON, South Korea — In a historic display of civic engagement and creative fervor, the Korean public has submitted a reco ...; KIM YOUNG MIN 2026.04.19

LG Uplus Employees Extend Helping Hand to Visually Impaired Family in Medical Crisis: SEOUL — In a heartwarming display of corporate social responsibility, LG Uplus announced on April 16 that it has donated 5 m ...; Kim Sungmoon Reporter 2026.04.19

"Is This Really the U.S. Army?" Outrage Grows Over Poor Rations for Troops Deployed in the Middle East: As tensions escalate in the conflict with Iran, shocking reports have emerged revealing that U.S. troops deployed to the Middle Ea ...; KO YONG-CHUL Reporter 2026.04.19

AX Era Demands Immediate Shift to ‘Zero Trust’ Security Following Year of Unprecedented Breaches: SEOUL – Exactly one year after the catastrophic hacking of SK Telecom’s USIM systems in April 2025, South Korea’ ...; Hwang Sujin Reporter 2026.04.14

South Korea Leads World in AI Patents per Capita, Narrowing Gap with U.S. and China: SEOUL – South Korea has demonstrated its status as an "AI innovation powerhouse" by ranking first in the world for the numbe ...; Desk 2026.04.14

Ruling Party and Government Push for Auto Insurance Premium Cuts Amid "5/2-Day Driving Ban": The South Korean government and the Democratic Party of Korea are pushing to lower automobile insurance premiums in conjunction wi ...; Hwang Sujin Reporter 2026.04.13

Korea and Poland Elevate Ties to ‘Comprehensive Strategic Partnership,’ Expanding Cooperation to Hydrogen, Nano, and Space: SEOUL – In a historic move that signals a new era of bilateral relations, South Korean President Lee Jae-myung and Polish Pr ...; KO YONG-CHUL Reporter 2026.04.13

National Assembly Passes 26.2 Trillion Won 'Energy Crisis' Extra Budget; Up to 600,000 Won in Cash Relief: The National Assembly passed a 26.2 trillion won ($19.2 billion) supplementary budget on April 10 to mitigate the economic impact ...; KO YONG-CHUL Reporter 2026.04.13

President Lee’s Approval Rating Hits Record High of 67% for Second Consecutive Week: Gallup Korea: President Lee Jae-myung’s job approval rating has reached 67%, marking its highest level since his inauguration for two week ...; KO YONG-CHUL Reporter 2026.04.10

Chungnam Greenlights Landmark K-Pop Dome Stadium Project for 2031 Completion: South Chungcheong Province (Chungnam) has officially embarked on a transformative journey to establish itself as a global epicente ...; HONG MOON HWA Senior Reporter 2026.04.10

Celltrion’s ADC Candidate CT-P71 Granted FDA Fast Track Designation for Urothelial Carcinoma: INCHEON, South Korea — In a move that solidifies its transition from a biosimilar giant to an innovative drug developer, Cel ...; Eugenio Rodolfo Sanabria Reporter 2026.04.09

FSS Slaps Lotte Card with 4.5-Month Suspension Over Massive Data Breach: SEOUL — The Financial Supervisory Service (FSS) has issued a preliminary notice of heavy sanctions against Lotte Card follow ...; KO YONG-CHUL Reporter 2026.04.09

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