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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South Korea's Growing List of Malicious Landlords: A recent tally has revealed that a staggering 1,177 individuals and corporations (including 1,128 individuals and 49 corporations) ...; Hwang Sujin Reporter 2025.01.02

Samsung SDS Crowned as South Korea's Largest Cloud Service Provider: Seoul, South Korea – Samsung SDS has been recognized as South Korea's premier cloud service provider, according to the lates ...; Global Economic Times Reporter 2025.01.02

Lotte Chairman Calls for Radical Overhaul Amidst Economic Uncertainty: Seoul, South Korea – Lotte Group Chairman Shin Dong-bin has urged a radical overhaul of the conglomerate, emphasizing the ne ...; Desk 2025.01.02

Jeju Air Faces Massive Refund Wave Following Deadly Crash: Seoul, South Korea – February 2, 2025 – Jeju Air, South Korea's largest low-cost carrier, is facing a significant fina ...; Desk 2025.01.02

Iran and Russia Deepen Ties Amid Growing Trade and Economic Cooperation: Tehran, Iran - Iran and Russia are steadily deepening their economic and political ties, with both nations emphasizing the importa ...; Graciela Maria Reporter 2025.01.01

SM Entertainment's Earnings Take a Hit as Key Subsidiary's Classification Changes: SEOUL, South Korea – SM Entertainment, one of South Korea’s leading entertainment agencies, has reported a significant ...; Hwang Sujin Reporter 2025.01.01

AI-Powered Insurtech Firm IGINET Eyes IPO, Targets Valuation of 127.6 Billion Won: Seoul, South Korea – IGINET, a pioneering AI-powered insurtech platform, is gearing up for its Initial Public Offering (IPO) ...; Global Economic Times Reporter 2025.01.01

Hancom Accelerates AI Transformation, Aims to Revolutionize Document Creation: Seoul, South Korea – Hancom, a leading South Korean software company, is rapidly evolving into an AI-centric organization. T ...; Desk 2025.01.01

Multiple Crises Plunge South Korea's Gangwon Province into Economic Turmoil: Gangwon, South Korea – A confluence of crises has sent South Korea's Gangwon Province into economic turmoil, leaving small b ...; ONLINE TEAM 2025.01.01

Ulsan's Manufacturing Soars, While Consumption Lags: Ulsan, South Korea – Ulsan’s manufacturing sector continued its upward trajectory in November, marking eight consecuti ...; Global Economic Times Reporter 2024.12.31

South Korea Expands Convenience Facilities in Port Hinterland Complexes: SEOUL, South Korea – The Ministry of Oceans and Fisheries has announced a significant overhaul of regulations governing port ...; Desk 2024.12.31

Gyeongnam Province Drives Innovation in Seafood Processing: Tongyeong, South Korea – In a bid to elevate the province's fishery industry, Gyeongnam, South Korea's second-largest seafoo ...; Desk 2024.12.31

Yangsan City Offers Financial Lifeline to Struggling Small Businesses: Yangsan, South Korea – In a bid to alleviate the financial burdens faced by small businesses amidst the prolonged economic d ...; KO YONG-CHUL Reporter 2024.12.31

Hwangsangjumin, a Korean Soy Bean Mousse Producer, Sees a 3-Fold Increase in Sales After Participating in a Government-Supported Online Sales Program: Yeoncheon, South Korea – Hwangsangjumin, a local company producing "Joseon Kong Mousse" made from domestically grown soybean ...; Global Economic Times Reporter 2024.12.31

13 New Industries to Issue Cash Receipts in South Korea Starting Next Year: Seoul, South Korea – The South Korean government has announced that 13 new industries will be mandated to issue cash receipt ...; Desk 2024.12.31

BYD Set to Shake Up South Korea's Electric Vehicle Market: Seoul, South Korea – Chinese electric vehicle giant BYD is poised to make significant waves in South Korea's competitive aut ...; Ana Fernanda Reporter 2024.12.30

Delinquency Rates Soar to Record Highs in South Korea's Large Loan Shark Industry: Seoul, South Korea – South Korea's large loan shark industry is facing a crisis as delinquency rates have surged to unpreced ...; KO YONG-CHUL Reporter 2024.12.30

South Korea's Exports to the Philippines Expected to Soar Following FTA Implementation: Manila, Philippines – The implementation of the South Korea-Philippines Free Trade Agreement (FTA) on December 31 is poised ...; Ana Fernanda Reporter 2024.12.30