Global Economic Times

2026.07.22 (Wed)
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KCCI Jeju Forum Opens: Chairman Chey Tae-won Urges Businesses to Catch the AI Wave Before It Becomes an Insurmountable Wall

JEJU ISLAND — Artificial Intelligence will serve as a revolutionary starting line for those who leap onto its wave early, but it will morph into an insurmountable wall for those who stand aside.
Hyundai Motor Group to Acquire 100% Stake in Boston Dynamics, Accelerating Humanoid and Physical AI Commercialization

Hyundai Motor Group is set to secure a 100% ownership stake in its U.S.-based robotics subsidiary, Boston Dynamics. The South Korean automotive and technology conglomerate announced on July 16 that it

Google Unveils ‘Full-Stack AI’ Strategy to Accelerate AI Transformation for South Korean Enterprises

SEOUL — Google has officially unveiled its comprehensive "Full-Stack AI Strategy" customized to support and fast-track the artificial intelligence transformation (AX) of South Korean

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Libya's Oil Landscape Fractures as Private Firm Arkenu Challenges State Control, Fueling Economic and Political Instability: Benghazi, Libya – A seismic shift is underway in Libya's oil-rich landscape, as the emergence of private firms threatens to ...; Ana Fernanda Reporter 2025.03.08

Suwon City Launches AI-Powered Trade Platform to Boost SME Exports: Suwon, South Korea – Suwon City, under the leadership of Mayor Lee Jae-jun, has announced the launch of its innovative 'Suwo ...; Desk 2025.03.07

InterBattery 2025 Concludes with Record-Breaking Attendance, Signaling a Battery Super Cycle: Seoul, South Korea – The global battery exhibition, InterBattery 2025, has successfully concluded its three-day event on Mar ...; KO YONG-CHUL Reporter 2025.03.07

Goseong County Accelerates Deep Sea Water Industry Development to Boost Local Economy: Goseong County is making significant strides in developing its deep sea water industry as a core component of its regional economi ...; Yim Kwangsoo Correspondent 2025.03.07

Romantic Taxi Service Offers Discounted Rides for Tourists in Hoengseong: Hoengseong, South Korea – The Hoengseong Culture & Tourism Foundation has launched a "Romantic Taxi" service to provide ...; Hwang Sujin Reporter 2025.03.07

Ramen Prices Surge, Cost of Living Alarms in Gangwon Province: A surge in ramen prices, now exceeding 1,000 won, coupled with a three-month consecutive rise in Gangwon Province's consumer price ...; Desk 2025.03.07

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