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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Navigating the Turbulent Waters of 2025: Geopolitical Shifts and Corporate Strategies: The year 2025 is poised to be a watershed moment in global geopolitics, marked by the rising tide of populism and its profound imp ...; Yim Kwangsoo Correspondent 2025.03.02

MWC 2025: Korean Telecom Giants Battle for AI Supremacy in Barcelona: Next month, the Mobile World Congress (MWC) 2025 in Barcelona will witness a fierce competition among South Korea's top three tele ...; Global Economic Times Reporter 2025.03.02

LG Electronics Sells Houses: A Shift Towards Total Space Solutions: LG Electronics, traditionally known for its home appliances like TVs, refrigerators, and washing machines, is now venturing into s ...; Desk 2025.03.02

Portugal: A Golden Opportunity for Retirement and Investment: Portugal, with its sun-drenched landscapes, delectable cuisine, and laid-back lifestyle, continues to captivate the hearts of thos ...; Eugenio Rodolfo Sanabria Reporter 2025.03.01

Portugal's Golden Glow: A Magnet for Global Investors: Portugal's ascent to joint third place in Henley & Partners' Global Residence Programme Index is a testament to the nation's s ...; Graciela Maria Reporter 2025.03.01

Finland's Economic Seas Grow Choppy: Navigating the 2024 Trade Deficit: Finland's economic landscape is showing signs of strain, as evidenced by the latest trade statistics released by Finnish Customs. ...; Eugenio Rodolfo Sanabria Reporter 2025.03.01

Panama Canal Secures Future with Rio Indio Reservoir: A Vital Step Towards Water Security: The Panama Canal, a linchpin of global trade, has taken a decisive step to safeguard its future by approving funding for the const ...; Ana Fernanda Reporter 2025.03.01

Jeonbuk Special Self-Governing Province Accelerates Fostering Innovative Companies in the Agro-Biofood Sector: The Jeonbuk Institute of Bio-Convergence Technology is taking steps to create an environment for the phased growth of promising in ...; Desk 2025.03.01

Jeongeup City Enacts Ordinance to Support Insect Industry Development: Jeongeup City has enacted an ordinance to support the development of the insect industry, aiming to secure a future source of inco ...; Desk 2025.03.01

Jinan Red Ginseng Makes Successful Debut in Chinese Market: A Signal Flare for Global Expansion: Ecopanax Co., Ltd. (CEO Kim Seong-hoon), located in Jinan-gun, has successfully launched its premium product, "Triple Jinan Red Gi ...; Yim Kwangsoo Correspondent 2025.03.01

The Lonely Demise of Jeonju's '10,000 Won Happiness Street': Community Neglect and Lost Dreams: Once a beacon of hope for revitalizing the local economy, Jeonju's '10,000 Won Happiness Street,' located near Nosongcheon Stream, ...; Hwang Sujin Reporter 2025.03.01

Olive Young Launches Massive "OllYoung Sale" Offering Up to 70% Off on Thousands of K-Beauty Essentials: Seoul, South Korea – Olive Young, South Korea's premier health and beauty retailer, has announced its highly anticipated "Ol ...; Hwang Sujin Reporter 2025.03.01

Lotte Group to Sell Lotte Rental to Affinity Equity Partners in $1.2 Billion Deal: Seoul, South Korea – Lotte Group announced on February 28th that it will sign a definitive agreement to sell its rental busi ...; Desk 2025.03.01

Rising Popularity of Tea in South Korea: A Growing Market: South Koreans, known for their love of coffee, are increasingly embracing the charm of tea. Once considered the preserve of the mi ...; Hwang Sujin Reporter 2025.03.01

Hyundai's José Muñoz Drives to Victory: Named MotorTrend's 2025 Person of the Year: Los Angeles, CA – In a significant recognition of automotive leadership, José Muñoz, President of Hyundai Moto ...; Eunsil Ju Reporter 2025.03.01

Pharmaceutical Companies Reconsidering Sales at Daiso Amid Controversy Over Low-Cost Health Supplements: Seoul, South Korea – Il-Yang Pharmaceutical has decided to withdraw its health supplement products from Daiso just five days ...; Hwang Sujin Reporter 2025.03.01

U.S. Slaps Steep Tariffs on Korean Aluminum Cables Over China Circumvention Claims: The United States has levied substantial anti-dumping and countervailing duties on aluminum wire and cable (AWC) manufactured in S ...; Hannah Yeh Reporter 2025.03.01

FILA's 'Echappe V2' Sells Out: A New Legend of Han So-hee's Sneakers: FILA's 'Echappe' sneakers, which gained immense popularity last year as 'Han So-hee's sneakers,' have once again achieved a sell-o ...; Sharon Yoon Correspondent 2025.03.01

Iberostar Opens Controversial Luxury Hotel in Havana Amidst Economic Crisis: MIAMI, USA – Iberostar Cuba Hotels & Resorts has announced the grand opening of the Iberostar Selection La Habana, also ...; Hannah Yeh Reporter 2025.02.28

Mineros S.A. Announces New President After a Decade of Leadership: Medellín, Colombia - Mineros S.A., a leading Latin American gold mining company, has announced the appointment of David Lon ...; Graciela Maria Reporter 2025.02.28