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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Figma, Valued at $20 Billion in Just 10 Years, Challenges the Stock Market with IPO: On April 15th (local time), American design software company Figma announced its move to go public by submitting documents for an ...; KO YONG-CHUL Reporter 2025.04.21

Ciudad del Este Enjoys Easter Shopping Boom as Argentine Tourists Flock In: Ciudad del Este, Paraguay - The Friendship Bridge (Puente Internacional de la Amistad), a vital artery connecting Paraguay and Bra ...; Eugenio Rodolfo Sanabria Reporter 2025.04.21

Cheonan City Explores 'Global Cheonan' Vision in the U.S., Seeking Overseas Market Expansion: Cheonan, South Korea - The Cheonan City delegation recently concluded a visit to the United States, where they engaged with offici ...; HONG MOON HWA Senior Reporter 2025.04.21

Dream Taxis Take to the Streets of Daejeon: A New Era for Urban Transportation: Daejeon Metropolitan City has officially launched its distinctive branded taxi service, "Dream T" (꿈T), with an initial fleet of 1 ...; HONG MOON HWA Senior Reporter 2025.04.21

23rd World Korean Business Convention Concludes Successfully in Atlanta, Forging a Global Korean Business Network: Atlanta, GA – The 23rd World Korean Business Convention (WKBC) concluded its successful four-day run in Atlanta, Georgia, on ...; Kim Sungmoon Reporter 2025.04.21

Jeonju Chamber of Commerce Joins Global Business Leaders at the 23rd World Korean Business Convention in Atlanta: Jeonju, South Korea – The Jeonju Chamber of Commerce and Industry (JCCI), led by Chairman Kim Jong-tae, announced its partic ...; KO YONG-CHUL Reporter 2025.04.21

Gyeongbuk-Based Skincare Innovator 'Cure-sing' to Showcase K-Bathing Culture at World Korean Business Convention in Atlanta: Cure-sing, a promising regional enterprise nurtured through Gyeongbuk Province's "Local Change-up" initiative, is set to participa ...; Kim Sungmoon Reporter 2025.04.21

Dobong-gu, Seoul Forges Trade Partnership with OKTA Atlanta to Bolster International Business Opportunities: Dobong-gu, a district in Seoul, South Korea, under the leadership of Mayor Oh Eon-seok, has announced the signing of a Memorandum ...; Kim Sungmoon Reporter 2025.04.21

Chungcheongbuk-do Province Opens First Permanent Agricultural and Food Product Store in Atlanta to Target the U.S. Market: Chungcheongbuk-do Province has announced the grand opening of its first permanent sales outlet for agricultural and food products ...; Kim Sungmoon Reporter 2025.04.21

aT President Hong Steps Up Efforts to Boost K-Food Exports in the U.S. Amidst Global Market Shifts: ATLANTA, GA – Hong Moon-pyo, President of the Korea Agro-Fisheries & Food Trade Corporation (aT), is actively engaging w ...; Kim Sungmoon Reporter 2025.04.21

South Korea Ascends to Third-Largest Global Cosmetic Exporter Amidst K-Beauty's Soaring Popularity: SEOUL – The burgeoning global acclaim for K-beauty has propelled South Korea to the position of the world's third-largest ex ...; Yim Kwangsoo Correspondent 2025.04.20

Cheonan City to Foster AI-Driven Innovation Ecosystem with Salesforce Partnership: Cheonan City announced on the 17th that it had signed a Memorandum of Understanding (MOU) with Salesforce Korea, a global Customer ...; HONG MOON HWA Senior Reporter 2025.04.20

Daejeon City Operates Task Force to Respond to US Tariff Policy… All-Out Effort to Minimize Corporate Damage: Daejeon City has fully launched support measures to minimize damage to local exporting companies amidst the rapidly changing globa ...; HONG MOON HWA Senior Reporter 2025.04.20

TSMC Faces Profitability Headwinds Amid US Expansion and Geopolitical Shifts: The world's leading foundry, Taiwan Semiconductor Manufacturing Co. (TSMC), is entering a phase of declining profitability as its ...; Eunsil Ju Reporter 2025.04.20

Woori Bank Officially Launches Affordable Mobile Service 'Woori WON Mobile': Woori Bank, a prominent South Korean financial institution, has officially entered the mobile virtual network operator (MVNO) mark ...; Kim Sungmoon Reporter 2025.04.20

Senior Chinese Official Visits Samsung Chip Plant Amidst US Trade Tensions: Amidst escalating trade friction between the United States and China, a high-ranking Chinese Communist Party official recently vis ...; Yim Kwangsoo Correspondent 2025.04.20

Incheon Launches 2025 Initiative to Propel Young Entrepreneurs into Global Markets: In a bid to foster international expansion for its burgeoning young enterprises, the Incheon Metropolitan City Government announce ...; Min Gyu Mi Reporter 2025.04.20

Seoul Metropolitan Subway Fare to Increase by 150 Won in June: The base fare for the Seoul Metropolitan Subway will increase by 150 won, from 1,400 won to 1,550 won, in June. With the resoluti ...; Hwang Sujin Reporter 2025.04.20

World OKTA President Park Jong-beom Faces Internal Opposition Over Attempted Name Change Without Board Review: It has been belatedly revealed that Park Jong-beom, the president of the World Federation of Overseas Korean Traders Associations ...; Hwang Sujin Reporter 2025.04.20

US Imposes Port Fees on Chinese Vessels, Escalating Trade Tensions and Potentially Benefiting South Korean Shipbuilders: Washington D.C. – In a move aimed at countering China's dominance in the global shipbuilding industry and bolstering its own ...; Eunsil Ju Reporter 2025.04.20