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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SK Hynix to Finalize Acquisition of Intel's NAND Business in March: SK Hynix (000660) will complete its acquisition of Intel's NAND business next month, taking full control of the operations. After ...; KO YONG-CHUL Reporter 2025.02.23

Paraguay Seeks New Bond Issuance in Dollars and Guarani, Capitalizing on Credit Rating Upgrade: New York, London – The Paraguayan government has embarked on a series of investor meetings in New York and London to explore ...; Pedro Espinola Special Correspondent 2025.02.22

McDonald's Taiwan Reportedly Using Paraguayan Beef for Burgers: Taipei, Taiwan – In a surprising announcement, Carlos Fleitas, the Paraguayan Ambassador to Taiwan, revealed that McDonald's ...; Eugenio Rodolfo Sanabria Reporter 2025.02.22

South Korea Sees Continued Dip in Fuel Prices, But a Reversal May Be on the Horizon: SEOUL – For the second consecutive week, South Korea has enjoyed a decline in domestic fuel prices, with both gasoline and d ...; Desk 2025.02.22

Korean Fashion Brands Embrace Spring 2025: A Season of Style and Innovation: As winter's chill subsides and the promise of spring fills the air, Korean fashion brands are unveiling their highly anticipated S ...; Hwang Sujin Reporter 2025.02.22

Jin Air Launches 'Double Discount Promotion' for Spring Travelers: Jin Air, a leading low-cost carrier in South Korea, has announced a special promotion for customers planning spring trips with fam ...; Desk 2025.02.22

Xi Jinping's 'Economic Remodeling' Success: China's Leap from Real Estate to High-Tech: The world is watching US President Donald Trump's every move. This is because it is shaking the existing trade order and security ...; Desk 2025.02.21

"Korea emerges as a global hub for health functional food production, following the footsteps of K-beauty": In Daepung-ri, Daeso-myeon, Eumseong-gun, North Chungcheong Province, the Kolmar BNH factory stands amidst vast fields, producing ...; Hwang Sujin Reporter 2025.02.21

"Black Semiconductor" Seaweed Production Exceeds 1 Trillion Won: SEOUL – The production value of seaweed, often referred to as the "black semiconductor" due to its economic importance, has ...; Hwang Sujin Reporter 2025.02.21

Daejeon City to Provide 35.1 Billion Won in Emergency Support for Small Business Owners: Daejeon City will provide 35.1 billion won in emergency business stabilization support funds to small business owners to revitaliz ...; HONG MOON HWA Senior Reporter 2025.02.21

E-Mart Announces 'March Go-Eat Festa' with Record-Breaking Discounts on Black Pork, Melons, and Abalone: E-Mart has unveiled its "March Go-Eat Festa Spring Magic Sale," promising unprecedented deals on a variety of popular items. The s ...; Desk 2025.02.21

14 Korean Restaurants, Including Chef Kim Do-yoon's "Myeon Seoul," Listed in Michelin Guide's "Bib Gourmand": The Michelin Guide announced on the 20th that it has released the list of "Bib Gourmand" restaurants in Seoul and Busan ahead of t ...; Hwang Sujin Reporter 2025.02.21

Amazon Overtakes Walmart in Quarterly Revenue for the First Time: In a historic shift in the retail landscape, Amazon has surpassed Walmart in quarterly revenue for the first time ever in the U.S. ...; Hannah Yeh Reporter 2025.02.21

iPhone 16e Unveiled: Apple's New Entry-Level Model with AI Capabilities: SEOUL – Apple has announced the release of its new entry-level smartphone, the iPhone 16e, formerly known as the iPhone SE 4 ...; Hwang Sujin Reporter 2025.02.21

Hyundai Motor Group and GM Sign 'Supply Chain Alliance' to Share Global Plants: Hyundai Motor Group and General Motors (GM) are forming a 'supply chain alliance' to share global production facilities. This will ...; KO YONG-CHUL Reporter 2025.02.21

BAT CEO Could Become One of UK's Highest-Paid Bosses Amidst Industry Challenges: British American Tobacco (BAT), the tobacco giant behind numerous well-known cigarette brands, is facing scrutiny over its propose ...; Graciela Maria Reporter 2025.02.21

Glencore Considers Leaving London Stock Exchange in Major Blow to UK Market: The London Stock Exchange (LSE) faces a potentially devastating loss as mining giant Glencore reveals it is exploring the possibil ...; KO YONG-CHUL Reporter 2025.02.21

Panamanian Industrialists Warn of Insufficient Growth, Call for Action: Panama City, Panama - The Panamanian Industrialists' Union (SIP) has issued a warning about the projected 3.6% economic growth for ...; Graciela Maria Reporter 2025.02.21