Global Economic Times

2026.07.21 (Tue)
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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

Altman’s About-Face: Why Generative AI Won’t Destroy White-Collar Administrative Jobs: SYDNEY — Sam Altman, the chief executive officer of OpenAI and a leading figure at the absolute forefront of the artificial ...; Eugenio Rodolfo Sanabria Reporter 2026.05.27

US Signals Potential Re-Imposition of 'Global 10% Tariff' Post-July Expiration, Citing Section 122 Authority: WASHINGTON, D.C. — The second Trump administration has signaled its intent to maintain an aggressive posture on protectionis ...; Ana Fernanda Reporter 2026.05.27

MUSINSA Reaches Historic High in Q1 2026 Driven by Global Push and Offline Expansion: SEOUL — Musinsa, South Korea’s top fashion platform currently preparing for an Initial Public Offering (IPO), announce ...; Desk 2026.05.27

USFK Commander Labels South Korea a 'Dagger' to China, Highlighting Strategic Military Value: SEOUL — Gen. Xavier Brunson, the commander of U.S. Forces Korea (USFK), has characterized South Korea as a "dagger" aimed at ...; Global Economic Times Reporter 2026.05.27

Taste of South Korea Met in Hongdae, Seoul… Paraguayan Traditional Restaurant ‘CASA LATINO’: Hongdae Entrance Casa Latino Panorama (C) Nammi Dong-A News An exotic South American gourmet journey taking place in Hongdae, the ...; KO YONG-CHUL Reporter 2026.05.25

World’s First ‘Horticultural Healing’ Stage: 2026 Taean International Horticultural Healing Expo Concludes Successfully After a 30-Day Journey: The '2026 Taean International Horticultural Healing Expo,' which drew global attention by putting forward 'horticultural healing' ...; Global Economic Times Reporter 2026.05.25

Iran War End Imminent: "Iran Striking Dramatic Agreement to Relinquish Enriched Uranium Stockpile": The war between the United States and Iran, which has severely destabilized the Middle East, is finally entering its closing stage ...; Pedro Espinola Special Correspondent 2026.05.24

White House Shooter Identified as 21-Year-Old Nasir Best with History of Mental Illness Claiming to be "Jesus": [WASHINGTON] The suspect who was shot and killed after opening fire at police officers near a security checkpoint near the White H ...; Graciela Maria Reporter 2026.05.24

Bomb Attack Targets Moving Train in Pakistan: At Least 29 Dead, 102 Injured: A devastating bomb attack targeting a moving train in southwestern Pakistan—a region long plagued by separatist insurgency&m ...; Global Economic Times Reporter 2026.05.24

Unlicensed Drunk Driver Sentenced to 18 Months in Prison After Stealing Younger Brother’s ID: A man in his 30s who used his brother’s resident registration number to evade punishment after a habitual drunk driving acci ...; Global Economic Times Reporter 2026.05.24

Bottom End of Fixed Mortgage Rates Tops 5%… Homeowners Groan Under Heavy Interest Burden: The lower limit (bottom end) of fixed-rate mortgage loans at major commercial banks has breached the 5% annual threshold, pushing ...; Hwang Sujin Reporter 2026.05.24

The Onslaught of 'AI Disinformation' Scarier Than Hacking… Human Response Pushed to Its Limits: With the exponential advancement of artificial intelligence (AI) technology, highly sophisticated deepfakes and fabricated informa ...; KO YONG-CHUL Reporter 2026.05.24

Government Allows Private Practitioners to Work at Public Health Centers to Resolve Medical Vacuum Caused by Shrinking Number of Public Health Doctors: The South Korean government has implemented a bold regulatory easing measure to fill the growing medical vacuum in rural and medic ...; Min Gyu Mi Reporter 2026.05.24

'Sold Out in One Day' National Growth Fund Sparks Frenzy… Authorities Consider Additional Sales in H2 as Ordinary Citizens Rush In: 87% of the total limit exhausted on day one; low-to-middle income subscribers account for nearly 40% of bank sales. 'Government lo ...; Desk 2026.05.24

K-Semiconductor Shackled by Tens of Trillions in Bonuses, Facing Crisis of Extinction Amid 'Hundred-Trillion' Expansion by Micron and TSMC: The South Korean semiconductor industry, the backbone of the nation's economy, has run into an unprecedented storm of internal and ...; Kim Sungmoon Reporter 2026.05.24