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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LG Electronics Strengthens Competitiveness in the Middle East and Africa TV Market: SEOUL — LG Electronics is stepping up its efforts to strengthen its competitiveness in the Middle East and Africa (MEA) TV m ...; KO YONG-CHUL Reporter 2025.02.26

Hana Securities Raises HYBE's Target Price, Citing BTS Comeback and New Growth: SEOUL – Hana Securities has raised its target price for HYBE Corporation from 280,000 KRW to 310,000 KRW, maintaining a "buy ...; Desk 2025.02.26

Chinese Companies Accelerate Their Offensive in Korean Travel and Retail Markets: Trip.com, the largest online travel agency (OTA) in Asia based in China, has sold more airline tickets than domestic travel agenci ...; KO YONG-CHUL Reporter 2025.02.26

Naver Aims to Redefine Shopping with AI-Powered Personalization: SEOUL – Naver, South Korea's leading internet portal, is poised to revolutionize the online shopping experience with its upc ...; Hwang Sujin Reporter 2025.02.26

Wall Street Mixed as Tech Stocks Tumble, Investors Eye Nvidia Earnings: NEW YORK – U.S. stocks closed mixed on Tuesday, with the Dow Jones Industrial Average edging higher while the S&P 500 an ...; Hannah Yeh Reporter 2025.02.26

Coupang's 2024 Revenue Exceeds 40 Trillion Won for the First Time: Coupang has announced its financial results for 2024, revealing that its annual revenue has surpassed 40 trillion won for the firs ...; Hwang Sujin Reporter 2025.02.26

Three Years On: Russia's War in Ukraine and Japan's Shifting Trade Landscape: Three years have passed since Russia launched its invasion of Ukraine, triggering a wave of economic sanctions, primarily led by t ...; Graciela Maria Reporter 2025.02.25

Buffett's Berkshire Hathaway to Increase Stakes in Japanese Trading Houses: TOKYO – Shares in Japan's five major trading houses surged in early trading on Tuesday after Warren Buffett revealed his con ...; Graciela Maria Reporter 2025.02.25

Nikkei Slumps to One-Month Low Amidst Stronger Yen and Wall Street Woes: TOKYO – Japan's Nikkei share average tumbled by over 1% in early trading on Tuesday, reaching its lowest point in over a mon ...; Global Economic Times Reporter 2025.02.25

Overseas Recalled Products Increasing in Domestic Distribution: The number of cases of products recalled overseas due to safety issues being distributed and sold in Korea is increasing every yea ...; KO YONG-CHUL Reporter 2025.02.25

K-Beauty Brands Rush into India Amidst Korean Wave: With the Korean Wave sweeping across India, the country with a population of 1.4 billion, K-beauty brands are rapidly expanding th ...; Desk 2025.02.25

Korean Air to Pay Record-Breaking Performance-Based Bonuses to Employees: Korean Air, which recorded its highest-ever sales last year, will pay its employees performance-based bonuses equivalent to 500% o ...; KO YONG-CHUL Reporter 2025.02.25

Seoul Dairy Successfully Invalidates a2 Milk Company's Patent on A2 Protein: Seoul Dairy Cooperative announced on the 25th that it has successfully invalidated The a2 Milk Company's patent in South Korea rel ...; Hwang Sujin Reporter 2025.02.25

Samsung Electronics Launches New Budget Smartphones in India to Increase Global Market Share: Samsung Electronics is releasing a series of new budget smartphones in India, a market with a population of 1.4 billion. The compa ...; KO YONG-CHUL Reporter 2025.02.25

Korean Stock Market Shows Resilience Despite Weakness in New York Stock Market: The KOSPI is showing a resilient performance despite the downturn in the New York stock market. In the early trading session on th ...; ONLINE TEAM 2025.02.25

ShopPay, service de règlement des ventes pour les petites entreprises: ShopPay a annoncé le lancement de son nouveau service de règlement des ventes pour les commerçants, qui perme ...; Desk 2025.02.25

Korean Companies Eyeing Return to Russian Market Amidst Potential Peace Talks: Korean companies are cautiously considering a potential return to the Russian market as peace talks between Russia and Ukraine gai ...; KO YONG-CHUL Reporter 2025.02.25

South Korea's Public Procurement System Faces Price Manipulation Challenges: Seoul – South Korea's Public Procurement Service (PPS) is facing challenges in ensuring fair pricing on its Nara Marketplace ...; Desk 2025.02.25

Lotte Wellfood Launches 'ComfortEatsEnouF', a Nutritional & Meal Replacement Snack Brand: Lotte Wellfood has announced the launch of its new snack brand, 'ComfortEatsEnouF', which focuses on providing convenient and nutr ...; Hwang Sujin Reporter 2025.02.24

SSG.com Accelerates Grocery Delivery Expansion and Differentiation: SSG.com is aggressively expanding its grocery delivery services, enhancing its competitiveness in the increasingly crowded online ...; Desk 2025.02.24