Global Economic Times

2026.04.20 (Mon)
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Woori Bank Tightens Reins on Dormant Corporate Accounts to Combat Financial Fraud

SEOUL – Woori Bank, one of South Korea’s leading commercial lenders, has announced a sweeping crackdown on financial fraud by imposing strict withdrawal limits on accounts held by suspende
K-Defense Takes on Latin American Market: Pan-Government Delegation Dispatched

The pan-government and public-private defense cooperation delegation, led by the Ministry of Foreign Affairs and the Defense Acquisition Program Administration (DAPA), announced that they visited Chil

South Korea Enters the Era of '100 AI Medical Devices Annually': Advancing into High-Complexity Clinical Fields

SEOUL – South Korea’s medical artificial intelligence (AI) sector has reached a significant turning point, with more than 100 new AI-based medical devices being approved annually. Once lim

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Samsung Electro-Mechanics to Build New 'MLCC Embedded Substrate' Line in Vietnam to Lead AI Market: VIETNAM – Samsung Electro-Mechanics (SEMCO) is making a bold move to dominate the booming Artificial Intelligence (AI) semic ...; Global Economic Times Reporter 2026.04.13

BRILS Establishes Michigan Subsidiary to Spearhead North American Robotics Supply Chain Expansion: (C) BigGo Finance GRAND RAPIDS, MI – In a strategic move to solidify its presence in the global automation market, BRILS, ...; Graciela Maria Reporter 2026.04.09

South Korean Automakers Defy Middle East Tensions with Robust March Sales Growth: SEOUL — Despite escalating geopolitical risks in the Middle East and the resulting volatility in global energy markets, Sout ...; Kim Sungmoon Reporter 2026.04.02

LG Electronics Scales Up Overseas Operations to Conquer the ‘Global South’ and European Premium Markets: SEOUL — LG Electronics is aggressively expanding its global footprint by launching a massive recruitment drive across the "G ...; Hwang Sujin Reporter 2026.04.02

‘Global Hansang’ Gather in Magok, Seoul… The 27th World Representative Conference Opens: (C) News K Korean economic leaders active in over 70 countries have gathered in the Magok district of Gangseo-gu, the new econo ...; KO YONG-CHUL Reporter 2026.03.30

Samsung Completes Transition to 236-Layer 8th Gen V-NAND in Xi’an; 9th Gen Mass Production Slated for Late 2026: XI'AN, China — In a strategic move to solidify its dominance in the global memory market, Samsung Electronics has officially ...; Desk 2026.03.30

Economy Seats Transform into Beds: United Airlines Unveils 'Lie-Flat' Option: United Airlines is set to bridge the gap between business and economy classes with a creative new seating option that allows passe ...; Eunsil Ju Reporter 2026.03.26

IBK Pioneers AI Internal Control System: Strengthening Enterprise-Wide Risk Management: SEOUL – Industrial Bank of Korea (IBK) is establishing a comprehensive governance framework to oversee and manage the entire ...; Desk 2026.03.26

Korean Air Resumes Busan-Beijing Route, Offers Up to 10% Discount on Greater China Flights: BUSAN – Korean Air is stepping up its presence in the Greater China market by resuming its Busan-Beijing service and launchi ...; Min Gyu Mi Reporter 2026.03.24

Hyundai, Kia, and Others Recall Over 400,000 Vehicles Due to Safety Defects: The South Korean Ministry of Land, Infrastructure, and Transport announced on Tuesday a massive voluntary recall involving 408,942 ...; Hwang Sujin Reporter 2026.03.24

Samsung and LG Clash in Milan Over European HVAC Supremacy at MCE 2026: MILAN, Italy — The battle for the European heating, ventilation, and air conditioning (HVAC) market has reached a fever pitc ...; Desk 2026.03.24

Coway Clinches Top Honor at "Water Taste Awards" for 7th Consecutive Year: Coway Co., Ltd., the "Best Life Solution Company," announced today that it has received the highest rating at the 10th Bottled Wat ...; KO YONG-CHUL Reporter 2026.03.22

Naver to Shut Down Men's Fashion Service 'MR.' to Launch Expanded AI-Driven Fashion Platform: Naver is pivoting its e-commerce strategy by closing its specialized men's fashion curation service, 'MR. (Mister),' to make way f ...; Global Economic Times Reporter 2026.03.22

K-Beauty SMEs Join Forces with Distributors: A New Paradigm for Global Expansion through Strategic Consortiums: The South Korean government has unveiled a groundbreaking initiative to propel small and medium-sized enterprises (SMEs) in the co ...; Desk 2026.03.19

Coupang Tightens Rocket Delivery Rules: Free Shipping Now Based on 'Final Payment' for Non-Members: SEOUL — Coupang, South Korea’s e-commerce giant, is set to overhaul its free shipping policy for non-Wow membership us ...; Hwang Sujin Reporter 2026.03.17

BC Card Secures Patent for Blockchain-Based ‘Asset Authentication NFT’ to Protect Wealth in Financial Emergencies: SEOUL – In an era where digital stability is as crucial as financial liquidity, BC Card, a leading South Korean payment proc ...; KIM YOUNG MIN Specialized Reporter 2026.03.16

Global Food Delivery Giants Hit Record Highs: Subscription and Quick-Commerce Emerge as Key Growth Engines: (C) Carlist In a year marked by economic uncertainty, the world’s leading food delivery platforms have defied market expe ...; Ana Fernanda Reporter 2026.03.16

Samsung Chairman Lee Returns from Europe: Deepening Strategic Ties in EV Batteries and Semiconductors: SEOUL — Samsung Electronics Executive Chairman Lee Jae-yong returned to South Korea on Friday, March 13, 2026, following a h ...; KO YONG-CHUL Reporter 2026.03.13

SK Chairman Chey Tae-won: "AI is a Once-in-a-Century Crisis and Opportunity": SEOUL — Chey Tae-won, Chairman of the Korea Chamber of Commerce and Industry (KCCI) and SK Group, characterized the ongoing ...; Hwang Sujin Reporter 2026.03.12

S. Korea Ignites 'Physical AI' Race with 170 Billion Won Investment in Core Robotics Tech: SEOUL — The South Korean government is launching a massive strategic offensive to secure a "super-gap" in Physical AI, a fie ...; Hwang Sujin Reporter 2026.03.11

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