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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South Korea's Early February Trade Shows Slight Export Growth Amidst Semiconductor Rebound: SEOUL – South Korea's exports saw a modest 0.8 percent increase year-on-year in the first 10 days of February, reaching $14. ...; JEONG CHAN MYEONG Senior Reporter 2025.02.11

Korean Exporters Brace for Potential US Tariff Fallout: SEOUL – Korean businesses are preparing for potential disruptions to their U.S. sales as the specter of increased tariffs lo ...; Hee Chan Kim Reporter 2025.02.11

Lotte Wellfood Opens Massive New Manufacturing Plant in India: PUNE, INDIA – Lotte Wellfood, the South Korean confectionery giant, has officially opened its new state-of-the-art manufactu ...; Ana Fernanda Reporter 2025.02.11

Temu Gears Up for Direct Entry into Korean E-commerce Market: SEOUL – Chinese e-commerce platform Temu, owned by PDD Holdings, is reportedly accelerating its preparations for a direct en ...; Yim Kwangsoo Correspondent 2025.02.11

Maserati's South Korean Dream Falters as Luxury Rivals Steal the Show: Seoul – Maserati's ambitious push into the South Korean luxury car market is hitting a roadblock, with sales figures paintin ...; Hwang Sujin Reporter 2025.02.11

Korean Budget Coffee Chains Feel the Heat as Bean Prices Soar: SEOUL – The rising cost of coffee beans worldwide is finally hitting South Korea's fiercely competitive budget coffee market ...; Desk 2025.02.11

POSCO International's Website Wins Top Honors at iNova Awards: SEOUL – POSCO International's newly revamped website has garnered international recognition, winning the prestigious Grand A ...; Global Economic Times Reporter 2025.02.11

Shinhan Card Launches 'The BEST-X', a Premium Card with Enhanced Benefits: Shinhan Card has introduced 'The BEST-X', a premium credit card that offers a wide range of benefits to attract high-spending cust ...; Desk 2025.02.10

Ecovacs Sold Out All Prepared Quantity of New Robot Cleaner 'Deebot X8 Pro Omni' in Naver Shopping Live: Ecovacs announced on the 7th that it had sold out all the prepared quantity of its new robot cleaner 'Deebot X8 Pro Omni' in Naver ...; Hee Chan Kim Reporter 2025.02.10

LG Electronics to Showcase Advanced HVAC Solutions at AHR Expo 2025: ORLANDO, FL – LG Electronics (CEO Cho Joo-wan) is set to make a significant splash at the AHR Expo 2025, the largest HVAC ex ...; PETER KO 2025.02.10

Applied Materials Korea to Showcase Next-Gen Semiconductor Technology at Semicon Korea 2025: Applied Materials Korea, led by CEO Park Gwang-sun, will participate in 'Semicon Korea 2025' held at COEX in Seoul from February 1 ...; Global Economic Times Reporter 2025.02.10

Korbit Launches Non-Custodial 'Korbit Web3 Wallet': Korbit, a leading cryptocurrency exchange in South Korea, announced the launch of its non-custodial individual wallet, the 'Korbit ...; Global Economic Times Reporter 2025.02.10

Samsung Securities: "Tariff threat back on the table this week": Samsung Securities announced on the 10th that unlike last week, when concerns about the trade war eased, this week's financial mar ...; Desk 2025.02.10

Woori Bank Resumes Credit Loan Sales After 3 Months... Expands Preferential Interest Rates: Woori Bank has resumed sales of credit loan products, which were temporarily suspended for household loan management, after about ...; Global Economic Times Reporter 2025.02.10

Mirae Asset Global Investment Holds 'ETF Rally 2025' in Hawaii: HONOLULU – Mirae Asset Global Investment held its 'ETF Rally 2025' at the Fairmont Hawaii Hotel from March 3rd to 4th. The e ...; PETER KO 2025.02.10

LS Securities to Host "Touhon Cup" Futures and Options Profit Contest: LS Securities announced on February 10th that it will be hosting the "Touhon Cup, Domestic Futures and Options Profit Contest," a ...; Desk 2025.02.10

KB Securities Offers Low-Interest Credit Loans for New and Existing Customers: KB Securities announced on April 10th that it will lower the interest rate on credit loans to 4.0% per year until April 30th. Thi ...; Desk 2025.02.10

Busan Launches 2 Trillion Won Green Fund to Support Local Businesses: Busan, South Korea – The Financial Services Commission (FSC) has announced the launch of a major initiative to bolster inves ...; Global Economic Times Reporter 2025.02.10

Three Korean Banks Hit by Multi-Billion Won Fraud Scandal: SEOUL – Three major South Korean banks, KB Kookmin, Shinhan, and SC Jeil, are reeling from a massive fraud scandal involving ...; KO YONG-CHUL Reporter 2025.02.10

Korean East-West Power and HD Hyundai Heavy Industries Join Forces to Develop Carbon-Free Distributed Energy: Ulsan, South Korea – Korean East-West Power (EWP) and HD Hyundai Heavy Industries (HHIH) have signed a memorandum of underst ...; Global Economic Times Reporter 2025.02.10