Global Economic Times

2026.06.05 (Fri)
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"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

EV Sales Surge in Domestic Market While Exports Suffer Amid Prolonged Middle East Risks: SEOUL — South Korea’s domestic electric vehicle (EV) market experienced an unprecedented boom last month, driven by so ...; KO YONG-CHUL Reporter 2026.05.21

Dongfeng Secures French Production Base via Strategic Alliance with Stellantis: PARIS — In a landmark move poised to reshape the European automotive landscape, global automotive giant Stellantis has enter ...; Eugenio Rodolfo Sanabria Reporter 2026.05.21

Starbucks Korea’s ‘Tank Day’ Blunder Triggers Broad Shinsegae Stock Sell-Off: SEOUL — A severe public backlash over an insensitive marketing campaign by Starbucks Korea has spilled over into the broader ...; Desk 2026.05.21

Shinsegae Chairman Chung Yong-jin Faced with Legal Complaints Over Starbucks ‘Tank Day’ Controversy: SEOUL — Shinsegae Group Chairman Chung Yong-jin and former Starbucks Korea CEO Son Jung-hyun are facing formal criminal comp ...; KO YONG-CHUL Reporter 2026.05.21

Nvidia Hits Record Revenue for 12th Consecutive Quarter, Yet After-Hours Shares Edge Lower: NEW YORK — Nvidia, the world’s most valuable company by market capitalization, has delivered yet another consensus-sha ...; Ana Fernanda Reporter 2026.05.21

HMM Tanker Begins Safe Passage Through Strait of Hormuz; Foreign Minister Cho Says Negotiations Underway for Remaining 25 Vessels: SEOUL — A South Korean ultra-large crude carrier trapped in the Strait of Hormuz has successfully initiated its passage thro ...; Hwang Sujin Reporter 2026.05.21

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