Global Economic Times

2026.07.21 (Tue)
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Secrets of the 13m Underground Revealed: Seoul Plaza’s 335-Meter Hidden Tunnel Reborn as a 'K-Content Platform' After 40 Years: A massive underground space that has remained hidden 13 meters beneath the heart of Seoul Plaza for 40 years will finally unveil i ...; Hwang Sujin Reporter 2026.05.24

US and Iran Near Dramatic Breakthrough on '60-Day Truce Extension and Opening of Strait of Hormuz'… A Watershed for Middle East Peace: Military tensions between the United States and Iran, which had pushed the Middle East to the brink of catastrophe, are seeing a d ...; KO YONG-CHUL Reporter 2026.05.24

The Danger of a 36-Trillion-Won 'Debt-Driven Investment' Era… Will a 7-Trillion-Won Concentration in Samsung and Hynix Trigger a Market Crash?: The scale of leveraged stock investments, commonly known as "Bit-too" (debt-driven investment), has surpassed 36 trillion won in t ...; Global Economic Times Reporter 2026.05.24

"Countdown to Renewed Strikes on Iran?" At Least 50 U.S. Aerial Refueling Tankers Massed at Israeli Airport: TEL AVIV — Growing concerns are mounting over a potential resumption of airstrikes against Iran, following reports that doze ...; Yim Kwangsoo Correspondent 2026.05.23

Musk’s SpaceX Secures Space Hegemony with Flawless Starship V3 Recovery Ahead of Historic IPO: BOCA CHICA, Texas — SpaceX, the pioneering aerospace manufacturer led by billionaire entrepreneur Elon Musk, has achieved a ...; Pedro Espinola Special Correspondent 2026.05.23

Tech Giants Naver and Kakao Embrace 'Multi-AI' Strategy to Supercharge Productivity: SEOUL — South Korea’s leading platform conglomerates, Naver and Kakao, are aggressively deploying a "Multi-AI" strateg ...; KO YONG-CHUL Reporter 2026.05.23

"Sold Out in Just 10 Minutes via App"... 'National Participation Growth Fund' Sparks Unprecedented "Open Run": A state-backed investment vehicle has triggered an extraordinary frenzy in the South Korean financial market. The newly launched " ...; Global Economic Times Reporter 2026.05.23

Oil Prices Finally Edge Down: Gasoline at 2,011 Won, Diesel at 2,005 Won: SEOUL — Following nearly two months of a relentless upward rally that has severely strained the pockets of Korean drivers, d ...; Kim Sungmoon Reporter 2026.05.23

U.S. Holds Off on Immediate Comprehensive Semiconductor Tariffs, but Pressure Mounts for Samsung and SK Hynix to Accelerate Domestic Investments: WASHINGTON D.C. / SEOUL — In a move that offers temporary breathing room while simultaneously intensifying long-term strateg ...; Global Economic Times Reporter 2026.05.23

Dow Hits Fresh Record High as Geopolitical Optimism Defies Tech-Sector Mixed Bag: NEW YORK — Wall Street demonstrated robust resilience on Friday, propelled by a wave of geopolitical optimism and a string o ...; Eugenio Rodolfo Sanabria Reporter 2026.05.23

"Miss Out and Regret It Forever?" Ant Investors Agonize Over ‘Debt-Fueled’ Bets as Samsung Electronics and SK Hynix Target Prices Skyrocket: Money is deeply intertwined with our lives. While it is merely a convenient tool and a medium of exchange, it makes many people we ...; Hwang Sujin Reporter 2026.05.23

KRW/USD Exchange Rate Threatens 1,520 Won Mark: "No Signs of Coming Down": The South Korean won continues its downward spiral against the greenback, with the KRW/USD exchange rate comfortably sitting in th ...; Desk 2026.05.23

Allegations of Rape and Torture of Gaza Activists Spark International Outrage; Israel Denies Claims: International outrage is intensifying following harrowing allegations from foreign aid activists who claim they were subjected to ...; Ana Fernanda Reporter 2026.05.23

‘600 Million Won Bonus’ at Samsung Electronics Triggers Deep Sense of Relative Deprivation Among Korean Workers: Unprecedented Payouts: Samsung Electronics' Memory Division employees expect a massive 600-million-won performance bonus.National ...; Global Economic Times Reporter 2026.05.23

Barbarism on the High Seas and the Collapse of International Law: Questioning the Conscience of Humanity: The international legal order and humanitarian norms, which humanity has accumulated through a long history of war and conflict, h ...; KO YONG-CHUL Reporter 2026.05.23

From 'DAL-e' to 'Spot': Hyundai Motor Group Transforms Yangjae Headquarters into an Advanced AI Robotics Testbed: SEOUL – Hyundai Motor Group (the Group) announced today the grand reopening of its Yangjae headquarters lobby, establishing ...; Global Economic Times Reporter 2026.05.21

Apple Blocks Over $2.2 Billion in Fraudulent App Store Transactions, Terminating Billions of Malicious Accounts: SEOUL — Apple Inc. announced today that its rigorous security framework and app review processes successfully prevented more ...; Yim Kwangsoo Correspondent 2026.05.21

“Buying Watermelons and Rice at Convenience Stores” — CU Launches First 'Smart Grocery' Store to Target Neighborhood Shoppers: SUWON, South Korea — BGF Retail, the operating company of South Korea's leading convenience store chain CU, announced the gr ...; Hee Chan Kim Reporter 2026.05.21

In the AI Era, CEOs Must Transfigure into ‘Total Experience Owners’ (CXOs), Asserts Douzone Bizon Co-CEO Ji Yong-goo: SEOUL, South Korea — In the rapidly accelerating era of Artificial Intelligence Transition (AX), the traditional paradigms o ...; Desk 2026.05.21

South Korea's Big Three Telcos Complete Filings for Network-Agnostic Integrated Mobile Plans; SK Telecom Slated for July Launch: SEOUL — South Korea's three major mobile network operators have officially finalized the necessary regulatory reporting proc ...; Kim Sungmoon Reporter 2026.05.21