Global Economic Times

2026.06.05 (Fri)
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Tesla and BYD Penetrate South Korea’s Stronghold as Domestic Auto Sales Stumble

SEOUL — South Korea’s once-impregnable domestic automotive market is facing a profound disruption. Long dominated by powerful homegrown giants, the local industry is witnessing an aggressi
SAMSUNG D AND LGD CLASH IN TAIWAN: THE BATTLE FOR NEXT-GEN GAMING OLED DOMINANCE

TAIPEI — South Korea’s leading display giants, Samsung Display and LG Display, are locked in a fierce technological battle in Taiwan, the heart of the global IT hardware industry. Ahead of

Online Automotive Trading Surges 155% in South Korea as Tesla Deliveries Accelerate E-Commerce Shift

SEOUL — South Korea's e-commerce market has achieved an unprecedented milestone, expanding its reach deep into heavy industrial consumer goods as automotive transactions spike. Driven primar

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Hyundai and CATL Forge "Global Alliance": Battery Swapping and Beyond: BEIJING – In a move that signals a seismic shift in the global electric vehicle (EV) landscape, the heads of Hyundai Motor G ...; KO YONG-CHUL Reporter 2026.04.25

SK hynix Defies Gravity: Record 72% Operating Margin Driven by AI Supercycle: SK hynix, the world’s leading provider of high-performance memory solutions, has once again shattered industry expectations, ...; Desk 2026.04.23

Inzent Partners with Canada’s Solace to Accelerate Expansion in the Financial IT Market: Inzent, a leading South Korean data platform and financial IT specialist, announced on Tuesday that it has signed a strategic Memo ...; Ana Fernanda Reporter 2026.04.21

Woori Bank Tightens Reins on Dormant Corporate Accounts to Combat Financial Fraud: SEOUL – Woori Bank, one of South Korea’s leading commercial lenders, has announced a sweeping crackdown on financial f ...; Hwang Sujin Reporter 2026.04.19

K-Defense Takes on Latin American Market: Pan-Government Delegation Dispatched: The pan-government and public-private defense cooperation delegation, led by the Ministry of Foreign Affairs and the Defense Acqui ...; KO YONG-CHUL Reporter 2026.04.13

South Korea Enters the Era of '100 AI Medical Devices Annually': Advancing into High-Complexity Clinical Fields: SEOUL – South Korea’s medical artificial intelligence (AI) sector has reached a significant turning point, with more t ...; KO YONG-CHUL Reporter 2026.04.13

Samsung Electro-Mechanics to Build New 'MLCC Embedded Substrate' Line in Vietnam to Lead AI Market: VIETNAM – Samsung Electro-Mechanics (SEMCO) is making a bold move to dominate the booming Artificial Intelligence (AI) semic ...; Global Economic Times Reporter 2026.04.13

BRILS Establishes Michigan Subsidiary to Spearhead North American Robotics Supply Chain Expansion: (C) BigGo Finance GRAND RAPIDS, MI – In a strategic move to solidify its presence in the global automation market, BRILS, ...; Graciela Maria Reporter 2026.04.09

South Korean Automakers Defy Middle East Tensions with Robust March Sales Growth: SEOUL — Despite escalating geopolitical risks in the Middle East and the resulting volatility in global energy markets, Sout ...; Kim Sungmoon Reporter 2026.04.02

LG Electronics Scales Up Overseas Operations to Conquer the ‘Global South’ and European Premium Markets: SEOUL — LG Electronics is aggressively expanding its global footprint by launching a massive recruitment drive across the "G ...; Hwang Sujin Reporter 2026.04.02

‘Global Hansang’ Gather in Magok, Seoul… The 27th World Representative Conference Opens: (C) News K Korean economic leaders active in over 70 countries have gathered in the Magok district of Gangseo-gu, the new econo ...; KO YONG-CHUL Reporter 2026.03.30

Samsung Completes Transition to 236-Layer 8th Gen V-NAND in Xi’an; 9th Gen Mass Production Slated for Late 2026: XI'AN, China — In a strategic move to solidify its dominance in the global memory market, Samsung Electronics has officially ...; Desk 2026.03.30

Economy Seats Transform into Beds: United Airlines Unveils 'Lie-Flat' Option: United Airlines is set to bridge the gap between business and economy classes with a creative new seating option that allows passe ...; Eunsil Ju Reporter 2026.03.26

IBK Pioneers AI Internal Control System: Strengthening Enterprise-Wide Risk Management: SEOUL – Industrial Bank of Korea (IBK) is establishing a comprehensive governance framework to oversee and manage the entire ...; Desk 2026.03.26

Korean Air Resumes Busan-Beijing Route, Offers Up to 10% Discount on Greater China Flights: BUSAN – Korean Air is stepping up its presence in the Greater China market by resuming its Busan-Beijing service and launchi ...; Min Gyu Mi Reporter 2026.03.24

Hyundai, Kia, and Others Recall Over 400,000 Vehicles Due to Safety Defects: The South Korean Ministry of Land, Infrastructure, and Transport announced on Tuesday a massive voluntary recall involving 408,942 ...; Hwang Sujin Reporter 2026.03.24

Samsung and LG Clash in Milan Over European HVAC Supremacy at MCE 2026: MILAN, Italy — The battle for the European heating, ventilation, and air conditioning (HVAC) market has reached a fever pitc ...; Desk 2026.03.24

Coway Clinches Top Honor at "Water Taste Awards" for 7th Consecutive Year: Coway Co., Ltd., the "Best Life Solution Company," announced today that it has received the highest rating at the 10th Bottled Wat ...; KO YONG-CHUL Reporter 2026.03.22

Naver to Shut Down Men's Fashion Service 'MR.' to Launch Expanded AI-Driven Fashion Platform: Naver is pivoting its e-commerce strategy by closing its specialized men's fashion curation service, 'MR. (Mister),' to make way f ...; Global Economic Times Reporter 2026.03.22

K-Beauty SMEs Join Forces with Distributors: A New Paradigm for Global Expansion through Strategic Consortiums: The South Korean government has unveiled a groundbreaking initiative to propel small and medium-sized enterprises (SMEs) in the co ...; Desk 2026.03.19

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