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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Argentina Nationwide General Strike Over Public Spending Cuts Causes Major Transportation Disruptions: A nationwide general strike protesting the government's public spending cuts has brought Argentina to a standstill, severely disru ...; Graciela Maria Reporter 2025.04.14

Argentina Eases Strict Currency Controls Under $20 Billion IMF Loan Terms, Increasing Pressure on Milei's Economic Recovery Plan: Argentina has agreed to ease its long-standing strict currency controls as a condition for receiving a $20 billion loan from the I ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Argentina Lifts Currency Controls: A "Bold Gamble" Amid Economic Instability: Argentine President Javier Milei's decision to lift currency controls after securing billions of dollars in loans from the Interna ...; Graciela Maria Reporter 2025.04.14

Petrobras Weighs Participation in India's Deep-Sea Oilfield Development Bidding; Conducting In-depth Analysis: Brazil's state-owned oil company, Petrobras, is carefully considering the opportunity to participate in the oilfield block auction ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Brazil: Conflict Intensifies Over Motorcycle Ride-Hailing Services... Legal Battles Erupt Amidst Driver Safety and Regulation Debates: Brazil, with a population of over 211 million, is Latin America's largest ride-hailing market, and two-wheeled vehicles play a cru ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Cuba Freezes Foreign Companies' Deposits, Investment Environment Plunges to 'Worst': The Cuban authorities have triggered widespread repercussions by recently informing several foreign companies that they can no lon ...; Sharon Yoon Correspondent 2025.04.14

Paraguay's Holy Week Sees Domestic Tourism Boom, Rural Lodging Reaches Over 70% Occupancy: Holy Week in Paraguay is one of the peak seasons for domestic tourism, and this year is no exception, with rural tourist accommoda ...; Pedro Espinola Special Correspondent 2025.04.14

Banco Basa, First in Paraguay to Launch AFD's 'Procampo Verde' Sustainable Agriculture Loans: Banco Basa has solidified its commitment to the sustainable development of Paraguay's agricultural sector by achieving the distinc ...; Graciela Maria Reporter 2025.04.14

Taiwan Cracks Down on Illegal Accommodations, Collects Over NT$20 Million in Fines in Three Months: According to data released by the Taiwan Tourism Administration, a focused inspection of 3,364 illegally operating hotels and bed ...; Ana Fernanda Reporter 2025.04.14

Soaring Prices Empty Wallets at Convenience Stores: Consumers Flock to Affordable Private Brands: Seoul, South Korea – Kim (38), a resident of Seongbuk-gu, Seoul, recently experienced a moment of dismay during a routine vi ...; Desk 2025.04.14

"Big 3" Luxury Brands Achieve Record Sales in South Korea Amid Price Hikes: The so-called "Big 3" luxury brands – Hermès, Louis Vuitton, and Chanel – have collectively achieved their high ...; Hwang Sujin Reporter 2025.04.14

Hyundai and Kia Achieve Record First Quarter Sales in India's Booming Auto Market: New Delhi, India – South Korean automotive giants Hyundai Motor Company and Kia Corporation have recorded their highest-ever ...; KO YONG-CHUL Reporter 2025.04.14

Korean Restaurant Thrives Near SK Battery Plant, Sparking Economic Revival in Commerce, Georgia: Just a five-minute drive from the sprawling SK Battery America (SKBA) plant in Commerce, Jackson County, Georgia, sits a single Ko ...; Yim Kwangsoo Correspondent 2025.04.14

Korean "West Ants" Weather Market Storm: Tech Stock Holdings Shrink Amid Trade Tensions, Yet Bargain Hunting Persists: SEOUL, South Korea – Korean individual investors, dubbed "West Ants" for their penchant for investing in overseas equities, ...; KO YONG-CHUL Reporter 2025.04.14

Australian Rare Earth Miners Surge Amid China's Export Restrictions: Perth, Australia – Several small Australian mining companies specializing in rare earth elements have defied a broader globa ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Philippines-France Economic Cooperation Sees 'Green Light': FTA Negotiations and Direct: Manila, Philippines - The French Chamber of Commerce and Industry in the Philippines (CCI France Philippines) reports a surge in i ...; Yim Kwangsoo Correspondent 2025.04.14

Will the Indian Market Become a Haven from Trump's Tariff Threats?: Hyundai Motor and Kia have recorded their highest-ever quarterly sales in the first quarter of this year in India, the world's thi ...; KO YONG-CHUL Reporter 2025.04.13

Overseas Online Shopping Scams: Consumers Left Defenseless as Responsibility Lags: The allure of online shopping, especially through visually appealing advertisements on platforms like Instagram, often leads consu ...; Hwang Sujin Reporter 2025.04.13

Instagram Shoe Scam: Buyer Left in Limbo as Seller Ghosts and Card Cancellation Fails: A white-collar worker, identified only as Mr. A, fell victim to an online shopping scam after purchasing a pair of shoes priced at ...; Hwang Sujin Reporter 2025.04.13

Boise Smoke Shops Forced to Close Amid Sudden Police Crackdown, Confusion Over Legal Interpretations: BOISE, ID - High Mountain Smoke Shop, a fixture in Boise for the past five years, shuttered its doors on March 31st, just two week ...; Eunsil Ju Reporter 2025.04.12