Global Economic Times

2026.06.05 (Fri)
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Battle for Semiconductor and AI Talent Intensifies: 360 Global Corporations Converge in Seoul: SEOUL — The landscape of the youth employment market is rapidly shifting its horizon toward multinational corporations and f ...; Desk 2026.06.01

Lee Jae-yong Attends Hoam Prize for 5th Straight Year, Upholding Samsung’s ‘Talent First’ Philosophy: SEOUL — Lee Jae-yong, Executive Chairman of Samsung Electronics, attended the 36th annual Samsung Hoam Prize ceremony today, ...; KO YONG-CHUL Reporter 2026.06.01

Surging Memory Prices Weigh Heavily on Samsung and LG Electronics' Production Costs: The relentless surge in memory semiconductor pricing has dealt a severe blow to the manufacturing margins of South Korea’s l ...; Global Economic Times Reporter 2026.06.01

Kakao Union to Launch Partial Strike on June 10, Demanding End to Restructuring: The Kakao branch of the Korean Chemical, Textile, and Food Workers' Union (Kakao Union) announced on June 1 that it will embark on ...; Global Economic Times Reporter 2026.06.01

Kospi Rallies on Samsung and SK Hynix: "10,000 Points is Just the Baseline": AI Infrastructure Boom Propels South Korean Stock Market Toward Historic HeightsAs the Kospi continues its relentless upward march ...; Global Economic Times Reporter 2026.06.01

Middle East with 'Oil Money' Emerges as the New Battleground for K-Beauty: The South Korean cosmetics industry is entering a new era of leap forward, establishing an unprecedented milestone in the global m ...; HONG MOON HWA Senior Reporter 2026.06.01

Our Embassy met on Friday, May 29, with the Kkottongnae brothers, who run a nursing home in the city of Caacupé, to learn about their main activities and future plans.: Ambassador Hyuk-Sang Sohn emphasized that Kkottongnae's work is providing significant assistance to vulnerable senior citizens in ...; KO YONG-CHUL Reporter 2026.05.30

Ambassador Hyuk-Sang Sohn participated on May 26 in the signing ceremony of the Discussion Memorandum: Ambassador Hyuk-Sang Sohn participated on May 26 in the signing ceremony of the Discussion Memorandum for the project “Stren ...; KO YONG-CHUL Reporter 2026.05.30

From a moment of collective sacrifice to a moment of collective democracy: The Timing of the Election in Ethiopia and Korea: Dessie Dalkie Dukamo, Ethiopian Ambassador to Korea Ethiopia and South Korea will hold elections on successive days this week. ...; HONG MOON HWA Senior Reporter 2026.05.29

"The 'Conservatives' of Korean Society and the 'Far-Right' on the Streets are Strictly Different": Today, South Korea's squares and streets are suffering. Every weekend, the crowds filling the downtown area hold up the South Kore ...; KO YONG-CHUL Reporter 2026.05.29

Personal Interest Engraved on the Dollar: Witnessing the Regression of American Democracy: The U.S. currency, the "dollar," is more than just a medium of exchange; it is the global reserve currency that sustains the world ...; KO YONG-CHUL Reporter 2026.05.29

Samsung Electro-Mechanics Shifts Focus to AI Servers and Automotive Sectors, Boosting High-Value Components Business: Massive push into ultra-high-voltage MLCCs for EVs, 8MP cameras for autonomous driving, and next-gen FCBGA substrates for AI datac ...; Hwang Sujin Reporter 2026.05.28

K-Delivery At A Crossroads: Decreasing Reinvestment Power Amist Uber’s Grip on DH and Regulatory Pressures: (C) Gemini AI Image Uber Deepens Control Over DH: A Shift in the K-Delivery LandscapeThe South Korean food delivery platform ma ...; KO YONG-CHUL Reporter 2026.05.28

Vancouver KTV's Insight Captivates Prestigious U.S. University: Two Korean-Led Documentaries Permanently Archived at the University of Michigan: (C) Director Lee Deok-il of KTV Media Production in Vancouver, Canada, holds up his 2023 film 'No Longer Enemies, Not Yet Friends ...; Global Economic Times Reporter 2026.05.28

[Interview] "Halal is Not a Religious Regulation, but a 'Trust Infrastructure'… Creating a Premium 'K-Halal' Centered on Data and Platforms": Dr. Geon Jang, President of the Korea Institute of Halal Industry (KIHI) (C) GET A New Blueprint for the Korean Halal Indus ...; Global Economic Times Reporter 2026.05.27

Department Stores Surge as Hypermarkets Struggle: The Deepening Polarization of Retail Consumption: South Korea’s consumer spending is experiencing a structural revival, yet the benefits are being distributed unevenly across ...; Global Economic Times Reporter 2026.05.27

KOSPI Smashes Through 8,400 Barrier for First Time in History: SEOUL — South Korea’s benchmark KOSPI index staged a historic rally on Wednesday morning, capturing the unprecedented ...; Kim Sungmoon Reporter 2026.05.27

Micron Skyrockets 19% on Agential AI Boom, Catalyzing Global Memory Supercycle: NEW YORK — In a stunning display of market momentum that has sent shockwaves through the global tech sector, Micron Technolo ...; Global Economic Times Reporter 2026.05.27

Business Sentiment Hits 43-Month High as Supply Chains Ease and Exports Surge: SEOUL — South Korea’s corporate sentiment jumped to its highest level in nearly three and a half years in May, fueled ...; Hwang Sujin Reporter 2026.05.27

'30 Times the Minimum Wage': Samsung Semiconductor Compensation Sparks Nationwide Debate Over Wealth Gap and 'Relative Deprivation': SEOUL — In an unprecedented turn of events, the extraordinary compensation package of Samsung Electronics' semiconductor div ...; KO YONG-CHUL Reporter 2026.05.27

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