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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Daejeon Secures Significant Budget Savings Through Strategic Reduction of Taxi Card Transaction Fees: Daejeon Metropolitan City has demonstrated its commitment to prudent fiscal management by successfully negotiating a reduction in ...; HONG MOON HWA Senior Reporter 2025.04.16

Chungnam Province to Select This Year's Best Traditional Liquors: Chungcheongnam-do (South Chungcheong Province) and the Chungnam Economic Promotion Agency announced on June 9th that they will hol ...; HONG MOON HWA Senior Reporter 2025.04.16

Chungnam Center for Creative Economy & Innovation Opens Applications for 2025 Batch 5 Acceleration Program: The Chungnam Center for Creative Economy & Innovation (hereinafter referred to as Chungnam CCEI) has announced the recruitment ...; HONG MOON HWA Senior Reporter 2025.04.16

Nongshim's Retro Reboot: Classic Ramen Strikes Gold with 10 Million Packs Sold in Three Months: Seoul, South Korea – Nongshim Co., Ltd., a titan of the South Korean food industry, is celebrating a resounding success with ...; Kim Sungmoon Reporter 2025.04.16

Asia Korean Council Federation Finalizes Cambodia Convention for June, Marking a Return After 16 Years: The Asia Korean Council Federation (Chairman Yoon Hee, hereinafter AKCF), a pivotal organization uniting Korean associations acros ...; KO YONG-CHUL Reporter 2025.04.16

U.S.-Bound Maritime Export Costs Continue Downward Trend Amid Lingering Tariff Effects and Shifting Global Trade Dynamics: Maritime shipping costs for exports originating from South Korea and destined for the United States have registered a decline for ...; Eunsil Ju Reporter 2025.04.16

LG CNS and Google Cloud Forge Alliance to Target Global AI Transformation Market, Including Healthcare and Biotech: LG CNS has joined forces with Google Cloud to aggressively target the global Artificial Intelligence Transformation (AX) market, w ...; KO YONG-CHUL Reporter 2025.04.16

US Mulls Hefty Port Fees on Chinese Vessels as Beijing's Bulk Carrier Orders Plummet: The escalating trade tensions between the United States and China have extended to the maritime sector, with the U.S. government a ...; Eugenio Rodolfo Sanabria Reporter 2025.04.16

LG Kicks Off Nationwide ‘AI Lab on Wheels’ Initiative to Cultivate Next-Generation Tech Talent: LG Corporation, a prominent South Korean multinational conglomerate, has officially launched its ‘AI Lab on Wheels’ pr ...; Yim Kwangsoo Correspondent 2025.04.16

South Korean Financial Regulator Intensifies Efforts to Enhance Accessibility for Disabled Individuals: In a proactive move to foster a more inclusive financial landscape, South Korean financial authorities, led by the Financial Servi ...; Kim Sungmoon Reporter 2025.04.16

Nvidia Unveils Ambitious $500 Billion U.S. AI Hardware Manufacturing Initiative in Strategic Alliance with Taiwanese Giants: In a landmark announcement signaling a significant realignment of the global technology supply chain, American artificial intellig ...; KO YONG-CHUL Reporter 2025.04.16

Hyundai Motor Group's Georgia Metaplant Accelerates Production, Bolstering Tariff Resilience: Hyundai Motor Group's Hyundai Motor Group Metaplant America (HMGMA), situated in the state of Georgia, has demonstrably amplified ...; Eunsil Ju Reporter 2025.04.16

Trump Administration's Renewed Export Curbs on Nvidia's H20 Chip Send Shockwaves Through Stock Markets: The escalating tensions in the US-China trade war have taken a fresh toll on the technology sector, as the Trump administration ha ...; Desk 2025.04.16

Nature Republic Launches Powerful Cooling Sun Stick ‘California Aloe Cooling Moisture Sun Stick’: Nature Republic (CEO Lee Seung-jeong) is receiving enthusiastic attention from consumers with the new launch of its ‘Califor ...; Kim Sungmoon Reporter 2025.04.15

South Korea Proposes Trade Partnership Agreement with Brazil: Strategy to Diversify Trade Risks Amid US-China Tensions: Amidst escalating trade tensions between the United States and China, the South Korean government is seeking to strengthen trade c ...; Desk 2025.04.15

Controversy Surrounds Federal Drug Discount Program 340B, Demands for Enhanced Transparency Intensify: INDIANAPOLIS – The federal government's 340B drug price reduction program has recently emerged as a hot topic in the U.S. le ...; Hannah Yeh Reporter 2025.04.15

Over 140 Workers at Caesars Southern Indiana Hotel & Casino Strike Demanding Wage and Retirement Benefit Increases: ELIZABETH, IN — Over 140 employees at Caesars Southern Indiana Hotel & Casino went on strike last Monday, according to T ...; Ana Fernanda Reporter 2025.04.15

Louisiana Launches Pilot Program to Incentivize Healthy Food Purchases for SNAP Recipients: WEST CARROLL PARISH, La. (KNOE) - Louisiana has launched a pilot program aimed at encouraging Supplemental Nutrition Assistance Pr ...; Graciela Maria Reporter 2025.04.15

Paraguayan Finance Ministry Union Demands 69% Pay Raise: Asunción, Paraguay – The Professional Civil Servants Union of the Ministry of Finance and Economy (Siprufomef-DNIT) r ...; KO YONG-CHUL Reporter 2025.04.15

K-Wave Continues to Reshape Philippine Beauty Landscape: K-Beauty Dominates Amidst Growing Local Competition: Manila, Philippines – The enduring global fascination with Korean beauty (K-beauty) continues to exert a powerful influence ...; Kim Sungmoon Reporter 2025.04.15