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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Korean Fashion Brands Embrace Spring 2025: A Season of Style and Innovation: As winter's chill subsides and the promise of spring fills the air, Korean fashion brands are unveiling their highly anticipated S ...; Hwang Sujin Reporter 2025.02.22

Jin Air Launches 'Double Discount Promotion' for Spring Travelers: Jin Air, a leading low-cost carrier in South Korea, has announced a special promotion for customers planning spring trips with fam ...; Desk 2025.02.22

Xi Jinping's 'Economic Remodeling' Success: China's Leap from Real Estate to High-Tech: The world is watching US President Donald Trump's every move. This is because it is shaking the existing trade order and security ...; Desk 2025.02.21

"Korea emerges as a global hub for health functional food production, following the footsteps of K-beauty": In Daepung-ri, Daeso-myeon, Eumseong-gun, North Chungcheong Province, the Kolmar BNH factory stands amidst vast fields, producing ...; Hwang Sujin Reporter 2025.02.21

"Black Semiconductor" Seaweed Production Exceeds 1 Trillion Won: SEOUL – The production value of seaweed, often referred to as the "black semiconductor" due to its economic importance, has ...; Hwang Sujin Reporter 2025.02.21

Daejeon City to Provide 35.1 Billion Won in Emergency Support for Small Business Owners: Daejeon City will provide 35.1 billion won in emergency business stabilization support funds to small business owners to revitaliz ...; HONG MOON HWA Senior Reporter 2025.02.21

E-Mart Announces 'March Go-Eat Festa' with Record-Breaking Discounts on Black Pork, Melons, and Abalone: E-Mart has unveiled its "March Go-Eat Festa Spring Magic Sale," promising unprecedented deals on a variety of popular items. The s ...; Desk 2025.02.21

14 Korean Restaurants, Including Chef Kim Do-yoon's "Myeon Seoul," Listed in Michelin Guide's "Bib Gourmand": The Michelin Guide announced on the 20th that it has released the list of "Bib Gourmand" restaurants in Seoul and Busan ahead of t ...; Hwang Sujin Reporter 2025.02.21

Amazon Overtakes Walmart in Quarterly Revenue for the First Time: In a historic shift in the retail landscape, Amazon has surpassed Walmart in quarterly revenue for the first time ever in the U.S. ...; Hannah Yeh Reporter 2025.02.21

iPhone 16e Unveiled: Apple's New Entry-Level Model with AI Capabilities: SEOUL – Apple has announced the release of its new entry-level smartphone, the iPhone 16e, formerly known as the iPhone SE 4 ...; Hwang Sujin Reporter 2025.02.21

Hyundai Motor Group and GM Sign 'Supply Chain Alliance' to Share Global Plants: Hyundai Motor Group and General Motors (GM) are forming a 'supply chain alliance' to share global production facilities. This will ...; KO YONG-CHUL Reporter 2025.02.21

BAT CEO Could Become One of UK's Highest-Paid Bosses Amidst Industry Challenges: British American Tobacco (BAT), the tobacco giant behind numerous well-known cigarette brands, is facing scrutiny over its propose ...; Graciela Maria Reporter 2025.02.21

Glencore Considers Leaving London Stock Exchange in Major Blow to UK Market: The London Stock Exchange (LSE) faces a potentially devastating loss as mining giant Glencore reveals it is exploring the possibil ...; KO YONG-CHUL Reporter 2025.02.21

Panamanian Industrialists Warn of Insufficient Growth, Call for Action: Panama City, Panama - The Panamanian Industrialists' Union (SIP) has issued a warning about the projected 3.6% economic growth for ...; Graciela Maria Reporter 2025.02.21

Gold Prices Continue to Climb in Nepal: KATHMANDU – Gold prices in Nepal have been on a steady upward trend since Tuesday, with another increase recorded today (Thu ...; Graciela Maria Reporter 2025.02.21

Nepali Stock Market Sees Modest Gains Amidst Lower Trading Volume: KATHMANDU – The Nepali stock market (NEPSE) experienced a slight uptick on Thursday, rising 3.14 points to close at 2,743.74 ...; Ana Fernanda Reporter 2025.02.21

Vietnam Strives to Attract Private Investment in Energy Sector: HANOI – Vietnam is actively seeking to attract greater private sector participation in its energy market, recognizing the cr ...; Ana Fernanda Reporter 2025.02.21

H&M Subsidiary Syre to Invest Up to $1 Billion in Vietnamese Circular Textile Hub: HÀ NỘI — Syre, a subsidiary of global fashion giant H&M, has announced plans to invest between $700 million and $ ...; Eugenio Rodolfo Sanabria Reporter 2025.02.21

Vietnam Stock Market Continues Upward Trend, Surpassing 1,290-Point Mark: HÀ NỘI — The Vietnamese stock market extended its gains on Thursday, with the benchmark VN-Index breaking through the ...; Eugenio Rodolfo Sanabria Reporter 2025.02.21

South Korea Imposes Anti-dumping Duties on Chinese Steel Plates Amidst Trade Tensions: Seoul - In a move to protect its domestic steel industry, South Korea has decided to impose anti-dumping duties on Chinese hot-rol ...; Desk 2025.02.20