Global Economic Times

2026.10.20 (Tue)
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President Lee Proposes New Peace Vision for Korean Peninsula on 81st Liberation Day: SEOUL – On the 81st anniversary of Korea’s liberation from Japanese colonial rule, South Korean President Lee Jae-myun ...; Hwang Sujin Reporter 2026.08.16

Magnitude 7.7 Earthquake Strikes Indonesia’s Flores Island; Death Toll Reaches 47: MAUMERE, Indonesia — A powerful 7.7-magnitude earthquake struck off the coast of Flores Island in eastern Indonesia early Sa ...; Eugenio Rodolfo Sanabria Reporter 2026.08.16

U.S. Pressures Allies to Choose Sides in AI Race: "No Room for Hedging": WASHINGTON — In an intensifying technological tug-of-war, the United States is moving to force its allies to make a definiti ...; Ana Fernanda Reporter 2026.08.16

Trump Administration Pressures Apple Over Potential Use of Chinese Memory Chips: WASHINGTON – The Trump administration has taken a firm public stance against Apple’s consideration of Chinese-made mem ...; Global Economic Times Reporter 2026.08.16

NHRCK Rules Gender-Based Bathhouse Fees Discriminatory: The National Human Rights Commission of Korea (NHRCK) has officially declared that the practice of charging female customers extra ...; Yim Kwangsoo Correspondent 2026.08.15

South Korea to Revive Pro-Japanese Asset Recovery: New Law Targets "Disposed" Property: As South Korea approaches its 81st Liberation Day, the issue of "pro-Japanese liquidations"—recovering assets from those who ...; Hwang Sujin Reporter 2026.08.15

Nationwide Malaria Alert Issued as Parasite Detected in Mosquito Carriers: The Korea Disease Control and Prevention Agency (KDCA) announced on August 13, 2026, that it has issued a nationwide malaria alert ...; KO YONG-CHUL Reporter 2026.08.15

Ukraine Proposes "Black Sea Truce" to Stabilize Global Grain Markets: KYIV/ISTANBUL — In a bid to stem the alarming volatility of global grain prices and protect vital agricultural logistics, Uk ...; Ana Fernanda Reporter 2026.08.15

"Why Is Coupang Delivering While My Package Is Stuck?"—The 2026 Delivery Shutdown and What You Need to Know: If you are waiting for an online order to arrive, you may need to exercise a bit of patience. South Korea’s major logistics ...; Min Gyu Mi Reporter 2026.08.15

“Air Conditioning Running All Day”… Will Next Month’s Electricity Bill Break the Bank?: With unrelenting heat waves gripping the nation, countless households have kept their air conditioners running nearly around the c ...; Kim Sungmoon Reporter 2026.08.15

Gyeonggi Province Declares "Financial Emergency": A Looming Crisis of Debt and Structural Vulnerability: [Suwon] Gyeonggi Province Governor Choo Mi-ae officially declared a "financial emergency" on August 5, 2026, signaling a grave war ...; Hwang Sujin Reporter 2026.08.15

SK Hynix Employees and Executives See Record Compensation Amid AI Memory Boom: SEOUL – Driven by the explosive demand for artificial intelligence (AI) semiconductors and the sustained "memory supercycle, ...; Desk 2026.08.15

HD Hyundai and TerraPower Accelerate Cooperation for Next-Generation SMR Commercialization: SEOUL — HD Hyundai, a global leader in heavy industry, has moved to cement its position in the burgeoning Small Modular Reac ...; KO YONG-CHUL Reporter 2026.08.15

KOSPI Nears 7,000 Milestone with a 2.4% Surge, Riding a Five-Day Winning Streak Market Overview: A Powerful Weekly Rally: South Korean stock markets closed the week on a high note, extending a robust five-day winning streak driven by cooling U.S. infla ...; Global Economic Times Reporter 2026.08.15

The 29th Boryeong Mud Festival: Achieving Success in Content, Nighttime Attractions, and Regional Co-prosperity Despite the Heatwave: Despite the difficult conditions caused by the heatwave, the 29th Boryeong Mud Festival proved its competitiveness once again as K ...; HONG MOON HWA Senior Reporter 2026.08.14

LG Enters the Race for Security-Specialized AI: Pushes Consortium Based on EXAONE: SEOUL — LG Group is making a strategic push to participate in the South Korean government’s national project to develo ...; Desk 2026.08.13

Real-Life 'Catch Me If You Can': Former Flight Attendant Admits to Multi-Year Pilot Impersonation Scheme: In an extraordinary legal proceeding echoing the plot of the famous Hollywood film Catch Me If You Can, a former flight attendant ...; Global Economic Times Reporter 2026.08.13

"No to Tech Duopoly, No to Leverage": Foreign Investors Ditch $6.2 Billion in South Korea for Taiwan's Stability: Following a severe global equity market correction last month centered on artificial intelligence (AI) technology heavyweights, in ...; Kim Sungmoon Reporter 2026.08.13

JD.com Establishes Korean Subsidiary, Inks $1.5 Million Direct Sourcing Deal for K-Consumer Goods: SEOUL — JD.com, China’s largest e-commerce platform and top private enterprise by revenue, is accelerating its direct ...; Ana Fernanda Reporter 2026.08.13

LG Electronics Weighs India Laptop Re-Entry While Exiting Brazil: A Strategic Pivot Toward 'Selection and Concentration': SEOUL — LG Electronics is actively preparing to re-enter the Indian laptop market while simultaneously pulling the plug on i ...; Hwang Sujin Reporter 2026.08.13