Global Economic Times

2026.04.21 (Tue)
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Inzent Partners with Canada’s Solace to Accelerate Expansion in the Financial IT Market

Inzent, a leading South Korean data platform and financial IT specialist, announced on Tuesday that it has signed a strategic Memorandum of Understanding (MOU) with Solace, a Canadian-based global lea
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

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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

BNK Financial Group Announces Record-Breaking 2024 Earnings: Busan, South Korea – BNK Financial Group (Chairman Bin Dae-in) announced on February 6th that its consolidated net profit (c ...; Global Economic Times Reporter 2025.02.10

Doosan Škoda Power Makes Historic Debut on Prague Stock Exchange: PRAGUE – Doosan Škoda Power, a subsidiary of South Korean industrial giant Doosan Enerbility, has marked a significan ...; Global Economic Times Reporter 2025.02.10

Gyeongnam Province to Support Local Businesses at the World Korean Business Convention 2025: Gyeongnam, South Korea – Gyeongnam Province is taking proactive steps to bolster its consumer goods export sector amidst gro ...; KO YONG-CHUL Reporter 2025.02.10

Samsung Biologics Rapidly Closing Gap with Global CDMO Leader Lonza: Samsung Biologics is making significant strides in the global CDMO market, rapidly catching up with industry leader Lonza. While S ...; Desk 2025.02.10

Shinhan Securities Sees 63% Surge in New IRP Accounts in 2024: Shinhan Securities announced on February 7th that it saw a significant increase in the number of new Individual Retirement Pension ...; Hwang Sujin Reporter 2025.02.08

Hana Securities Offers US Stock Purchase Coupons for New Foreign Currency Deposit Accounts: Hana Securities announced today that it will be running a collaborative event with Hana Bank until February 20th, offering US stoc ...; Desk 2025.02.08

Hantop Achieves Operating Profit Surplus for 3 Consecutive Years: Hantop announced on the 7th that it recorded 84.889 billion won in sales and 3.73 billion won in operating profit last year. Sales ...; Hwang Sujin Reporter 2025.02.08

Bbia, a Korean Indie Beauty Brand, Achieves Record-Breaking Sales in 2024: Seoul, South Korea – Bbia, a leading indie beauty brand in South Korea, has announced record-breaking sales for the year 202 ...; Hwang Sujin Reporter 2025.02.08

Woori Card's Net Profit Surges 32.4% to KRW 147 Billion in 2024: Seoul, South Korea – Woori Card announced on February 7th that its net profit for the year 2024 reached KRW 147 billion, a s ...; Min Gyu Mi Reporter 2025.02.08

South Korea's Top 4 Financial Groups Achieve Record Profits of Over ₩16 Trillion: SEOUL – South Korea's four major financial holding companies – KB, Shinhan, Hana, and Woori – have announced rec ...; Hwang Sujin Reporter 2025.02.08

South Korea Extends Fuel Tax Cut, Boosts Support for Food Prices Amidst Inflation Concerns: Seoul – South Korea has announced an extension of its temporary fuel tax cut for another two months, until the end of April. ...; Global Economic Times Reporter 2025.02.07

Fitch Maintains South Korea's Credit Rating at 'AA-' with Stable Outlook, but Downgrades Growth Forecast: Seoul – Fitch Ratings has reaffirmed South Korea's long-term foreign currency issuer default rating (IDR) at 'AA-' with a st ...; KO YONG-CHUL Reporter 2025.02.07

Samyang Foods Achieves Record-Breaking Sales and Operating Profit in 2024: Samyang Foods [003230] announced on February 5th that its consolidated sales for 2024 are provisionally estimated at 1.73 trillion ...; Min Gyu Mi Reporter 2025.02.06

S. Korea Takes Measures in Response to China's Export Control of 5 Key Raw Materials: The South Korean government has taken measures to address the potential impact of China's recent export control of five key raw ma ...; Hwang Sujin Reporter 2025.02.06

Gold Transactions Surge Amidst Escalating Trade War Fears: Seoul, South Korea – The recent surge in gold trading in South Korea has reached unprecedented levels, with daily transactio ...; Hwang Sujin Reporter 2025.02.06

Financial Authorities Strengthen Disaster Recovery Measures Following Kakao's "Service Interruption" Incident: In response to the "service interruption" incident that occurred with Kakao [035720] two years ago due to a fire at the SK C&C ...; KO YONG-CHUL Reporter 2025.02.06

U.S. Trade Deficit Hits Record High in 2024: The United States' trade deficit soared to a record high of $918.4 billion in 2024, as imports surged while exports struggled to k ...; Sharon Yoon Correspondent 2025.02.06

Uber's Q4 Revenue Beats Expectations, But Earnings Fall Short: SAN FRANCISCO – Uber Technologies Inc. released its fourth-quarter earnings on Tuesday, reporting revenue of $11.96 billion, ...; PETER KO 2025.02.06

Disney's Q1 2025 Earnings Exceed Expectations, But Streaming Subscriber Decline Impacts Stock: Los Angeles - The Walt Disney Company (DIS) reported its first-quarter fiscal year 2025 (October-December 2024) earnings on Tuesda ...; Sharon Yoon Correspondent 2025.02.06