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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Mitsubishi UFJ Financial Group to Open New Branches After 20 Years: Tokyo, Japan - Mitsubishi UFJ Financial Group (MUFG), one of Japan's three megabanks, is set to open new branches in Tokyo and Osa ...; Eugenio Rodolfo Sanabria Reporter 2025.03.07

Woori Bank Enters Mobile Virtual Network Operator (MVNO) Market, Expanding Beyond Traditional Banking: Woori Bank is set to launch its mobile virtual network operator (MVNO) service, "Woori WON Mobile," next month, marking a signific ...; Hwang Sujin Reporter 2025.03.07

Hanjin KAL Faces Scrutiny Over Executive Pay Amidst Public Aid and Rising Consumer Complaints: Hanjin Group's holding entity, Hanjin KAL, is under intense scrutiny for its repeated escalation of executive compensation ceiling ...; Desk 2025.03.07

Trump's Semiconductor Law Repeal Threat: A Strategic Move to Pressure Korean Firms: Washington D.C. - Former U.S. President Donald Trump's recent remarks singling out South Korea and advocating for the repeal of th ...; Hannah Yeh Reporter 2025.03.06

Korea Chamber of Commerce and Industry Launches Women Entrepreneurs Committee to Strengthen Female Leadership in the Korean Economy: The Korea Chamber of Commerce and Industry (KCCI) has taken a significant step towards strengthening female leadership in the Kore ...; Hwang Sujin Reporter 2025.03.06

K-Rail's Maintenance Expertise Expands Globally, Securing Landmark Deals in Morocco and Uzbekistan: SEOUL, South Korea – Korea Railroad Corporation (KORAIL) has announced a series of significant international contracts, soli ...; KO YONG-CHUL Reporter 2025.03.06

Trump Targets Korea: "Tariffs Four Times Higher, CHIPS Act Must Be Abolished": U.S. President Donald Trump singled out South Korea as a prime example of an ally that maintains high tariffs while receiving U.S. ...; Eunsil Ju Reporter 2025.03.06

Tesla's German Sales Plunge Amidst Musk's Polarizing Politics: Tesla's sales in Germany have plummeted to a quarter of last year's figures, according to data from the German Federal Motor Trans ...; Hannah Yeh Reporter 2025.03.06

Early EV Subsidy Approval Sparks Surge in South Korean Electric Vehicle Sales: The South Korean electric vehicle (EV) market is experiencing a significant boost, with domestic EV sales in the past month increa ...; Desk 2025.03.05

Korean Strawberries Make Debut in Brazil, Paving Way for Latin American Market Expansion: Korean strawberries, a leading export item for domestic farmers, have successfully opened a new export route to Brazil. This marks ...; Global Economic Times Reporter 2025.03.05

Korea's FTC Approves Samsung Electronics-Rainbow Robotics Merger, Paving Way for Humanoid Robot Development: The Korea Fair Trade Commission (FTC) has granted final approval for the merger between Samsung Electronics and Rainbow Robotics, ...; Yim Kwangsoo Correspondent 2025.03.05

MBK Partners Under Fire for Appointing Own Personnel as Auditor at Homeplus Amidst Management Failure: MBK Partners, a private equity firm, is facing criticism for appointing its own personnel as the auditor of Homeplus, further cons ...; ONLINE TEAM 2025.03.05

KOSPI Rebounds on Hopes of Easing Trade Tensions: The Korea Composite Stock Price Index (KOSPI) rebounded on May 5, breaking a three-day losing streak, and climbed into the 2540 ra ...; Desk 2025.03.05

Encell Signs 8 Billion KRW CDMO Contract with Cerebrain... Collaboration on Gene Stem Cell Therapy Production: Encell (456070), a specialized company in advanced biopharmaceutical contract development and manufacturing (CDMO) and new drug de ...; Global Economic Times Reporter 2025.03.04

Hanall Biopharma's 'Batoclimab' Designated as Orphan Drug in Japan for Autoimmune Disease Treatment: SEOUL, South Korea – Hanall Biopharma (KRX: 009420) announced today that its investigational autoimmune disease treatment, B ...; Desk 2025.03.04

LIG Nex1 Honored as 2024's Outstanding Disclosure Corporation on the KOSPI Market: Seoul, South Korea – LIG Nex1 has been recognized as one of the "2024 Outstanding Disclosure Corporations" on the Korea Comp ...; ONLINE TEAM 2025.03.03

Seoul Launches 'Dongdaemun K-Fashion Brand Development' Project to Revitalize Fashion District: Seoul, South Korea – The Seoul Metropolitan Government has announced the official launch of the 'Dongdaemun K-Fashion Brand ...; Hwang Sujin Reporter 2025.03.03

Chungcheongnam-do Launches Youth Startup and Job Creation Support Project: Chungcheongnam-do announced on the 3rd that it will recruit young people aged 19 to 39 to support the 'Youth Startup and Job Creat ...; HONG MOON HWA Senior Reporter 2025.03.03

Hyundai and Kia Achieve Record-Breaking February Sales in the U.S.: "Hyundai and Kia achieved a new record for February sales in the U.S., selling 130,000 units last month. This marks the fifth cons ...; Sharon Yoon Correspondent 2025.03.03

Starbucks Korea Launches "Love Daze" Promotion Featuring Viral Stanley Pink Tumbler: SEOUL, South Korea – Starbucks Korea is set to ignite excitement this Valentine's season with its "Love Daze" online promoti ...; Eunsil Ju Reporter 2025.03.03