Global Economic Times

2026.04.21 (Tue)
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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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Trump Targets Korea: "Tariffs Four Times Higher, CHIPS Act Must Be Abolished": U.S. President Donald Trump singled out South Korea as a prime example of an ally that maintains high tariffs while receiving U.S. ...; Eunsil Ju Reporter 2025.03.06

Tesla's German Sales Plunge Amidst Musk's Polarizing Politics: Tesla's sales in Germany have plummeted to a quarter of last year's figures, according to data from the German Federal Motor Trans ...; Hannah Yeh Reporter 2025.03.06

Early EV Subsidy Approval Sparks Surge in South Korean Electric Vehicle Sales: The South Korean electric vehicle (EV) market is experiencing a significant boost, with domestic EV sales in the past month increa ...; Desk 2025.03.05

Korean Strawberries Make Debut in Brazil, Paving Way for Latin American Market Expansion: Korean strawberries, a leading export item for domestic farmers, have successfully opened a new export route to Brazil. This marks ...; Global Economic Times Reporter 2025.03.05

Korea's FTC Approves Samsung Electronics-Rainbow Robotics Merger, Paving Way for Humanoid Robot Development: The Korea Fair Trade Commission (FTC) has granted final approval for the merger between Samsung Electronics and Rainbow Robotics, ...; Yim Kwangsoo Correspondent 2025.03.05

MBK Partners Under Fire for Appointing Own Personnel as Auditor at Homeplus Amidst Management Failure: MBK Partners, a private equity firm, is facing criticism for appointing its own personnel as the auditor of Homeplus, further cons ...; ONLINE TEAM 2025.03.05

KOSPI Rebounds on Hopes of Easing Trade Tensions: The Korea Composite Stock Price Index (KOSPI) rebounded on May 5, breaking a three-day losing streak, and climbed into the 2540 ra ...; Desk 2025.03.05

Encell Signs 8 Billion KRW CDMO Contract with Cerebrain... Collaboration on Gene Stem Cell Therapy Production: Encell (456070), a specialized company in advanced biopharmaceutical contract development and manufacturing (CDMO) and new drug de ...; Global Economic Times Reporter 2025.03.04

Hanall Biopharma's 'Batoclimab' Designated as Orphan Drug in Japan for Autoimmune Disease Treatment: SEOUL, South Korea – Hanall Biopharma (KRX: 009420) announced today that its investigational autoimmune disease treatment, B ...; Desk 2025.03.04

LIG Nex1 Honored as 2024's Outstanding Disclosure Corporation on the KOSPI Market: Seoul, South Korea – LIG Nex1 has been recognized as one of the "2024 Outstanding Disclosure Corporations" on the Korea Comp ...; ONLINE TEAM 2025.03.03

Seoul Launches 'Dongdaemun K-Fashion Brand Development' Project to Revitalize Fashion District: Seoul, South Korea – The Seoul Metropolitan Government has announced the official launch of the 'Dongdaemun K-Fashion Brand ...; Hwang Sujin Reporter 2025.03.03

Chungcheongnam-do Launches Youth Startup and Job Creation Support Project: Chungcheongnam-do announced on the 3rd that it will recruit young people aged 19 to 39 to support the 'Youth Startup and Job Creat ...; HONG MOON HWA Senior Reporter 2025.03.03

Hyundai and Kia Achieve Record-Breaking February Sales in the U.S.: "Hyundai and Kia achieved a new record for February sales in the U.S., selling 130,000 units last month. This marks the fifth cons ...; Sharon Yoon Correspondent 2025.03.03

Starbucks Korea Launches "Love Daze" Promotion Featuring Viral Stanley Pink Tumbler: SEOUL, South Korea – Starbucks Korea is set to ignite excitement this Valentine's season with its "Love Daze" online promoti ...; Eunsil Ju Reporter 2025.03.03

Navigating the Turbulent Waters of 2025: Geopolitical Shifts and Corporate Strategies: The year 2025 is poised to be a watershed moment in global geopolitics, marked by the rising tide of populism and its profound imp ...; Yim Kwangsoo Correspondent 2025.03.02

MWC 2025: Korean Telecom Giants Battle for AI Supremacy in Barcelona: Next month, the Mobile World Congress (MWC) 2025 in Barcelona will witness a fierce competition among South Korea's top three tele ...; Global Economic Times Reporter 2025.03.02

LG Electronics Sells Houses: A Shift Towards Total Space Solutions: LG Electronics, traditionally known for its home appliances like TVs, refrigerators, and washing machines, is now venturing into s ...; Desk 2025.03.02

Portugal: A Golden Opportunity for Retirement and Investment: Portugal, with its sun-drenched landscapes, delectable cuisine, and laid-back lifestyle, continues to captivate the hearts of thos ...; Eugenio Rodolfo Sanabria Reporter 2025.03.01

Portugal's Golden Glow: A Magnet for Global Investors: Portugal's ascent to joint third place in Henley & Partners' Global Residence Programme Index is a testament to the nation's s ...; Graciela Maria Reporter 2025.03.01

Finland's Economic Seas Grow Choppy: Navigating the 2024 Trade Deficit: Finland's economic landscape is showing signs of strain, as evidenced by the latest trade statistics released by Finnish Customs. ...; Eugenio Rodolfo Sanabria Reporter 2025.03.01