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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South Korean Small Businesses Hit Hard by Economic Slump and Emergency Measures: Seoul - A recent report by Korea Credit Data reveals that small business owners in South Korea, particularly those operating cafes ...; Yim Kwangsoo Correspondent 2025.02.17

South Korea's Manufacturing, Construction Jobs Plummet Amid Economic Slump: Seoul - South Korea's job market is showing signs of strain as the number of employees in key industries such as manufacturing and ...; Desk 2025.02.17

South Korea's Job Market Freezes Over, Leaving Youth in Despair: South Korea's job market is rapidly deteriorating, with young people bearing the brunt of the downturn. Recent data reveals alarmi ...; Desk 2025.02.17

E-Mart Traders Magok Branch Opens with Record-Breaking Sales: Magok, Seoul – E-Mart's warehouse-style discount store, Traders, opened its new Magok branch on February 14th, 2025, to much ...; Hwang Sujin Reporter 2025.02.17

Porsche Expands its Presence in South Korea with New Service Center and Ambitious Plans: Seoul, South Korea – Porsche, the renowned German sports car manufacturer, has reinforced its commitment to the South Korean ...; KO YONG-CHUL Reporter 2025.02.17

Korean Convenience Store Giants Face Profitability Crisis Amidst Expansion Race: SEOUL – South Korea's convenience store industry is facing a reckoning after years of aggressive expansion. The sector enjoy ...; Desk 2025.02.17

Fermented Skate to be Designated as Traditional Seafood, Paving the Way for Global Market Entry: Korean Traditional Food Set for International Expansion with Government SupportBucheon, South Korea – The Korean traditional ...; Yim Kwangsoo Correspondent 2025.02.17

Financial Watchdog Urges Consumers to Understand the Fine Print of Mobile Phone Insurance: SEOUL – The Financial Supervisory Service (FSS) has issued an advisory to consumers, emphasizing the importance of fully und ...; Hwang Sujin Reporter 2025.02.17

U.S. LNG Imports Emerge as Key Bargaining Chip Amidst Trump's Trade Pressure: As U.S. President Donald Trump's trade pressure intensifies, importing U.S. liquefied natural gas (LNG) has emerged as a key barga ...; Graciela Maria Reporter 2025.02.17

Eyeglass-shaped hearing aid to be released in the US market in the first quarter of 2025: Good news for people with hearing impairments who have hesitated to wear traditional hearing aids due to discomfort and the attent ...; Hwang Sujin Reporter 2025.02.16

Bulguksa Temple Receives Largest Government Support for Free Admission Policy: Bulguksa Temple has emerged as the biggest beneficiary of the government's free admission policy for cultural heritage sites, rece ...; Desk 2025.02.16

7-Eleven Debuts "Ma La Mapo Tofu Rice Bowl" in Chef Collaboration: 7-Eleven has released a new chilled ready-to-eat meal, the "Ma La Mapo Tofu Rice Bowl," in partnership with celebrity chef Park Eu ...; Hwang Sujin Reporter 2025.02.16

Famous Travel YouTuber 'Pani Bottle' Criticizes Problems During Gyeongju Trip: Gyeongju, South Korea – Famous travel YouTuber 'Pani Bottle' (Park Jae-han), who has 2.39 million subscribers, recently uplo ...; Hwang Sujin Reporter 2025.02.16

Starbucks Korea's Valentine's Day Pink Reusable Cup Event Creates a Frenzy: Suwon, South Korea – Starbucks Korea's Valentine's Day promotion, offering a free pink reusable cup with the purchase of sel ...; Hwang Sujin Reporter 2025.02.15

Santa Elena Bakery: A Sweet Success Story Facing Bitter Challenges: In the heart of Medellín, Colombia, amidst the vibrant energy of Carrera Bolívar and Calle Barbacoas, stands a culin ...; Hwang Sujin Reporter 2025.02.14

Valentine's Day Spending in Peru Projected to Reach $165 Million: LIMA – Valentine's Day is a significant boon for retailers in Peru, and this year's campaign, taking place in the first half ...; Pedro Espinola Special Correspondent 2025.02.14

Mercadona Maintains Dominant Position in Spanish Grocery Market Amidst Growing Competition: Madrid, Spain – Mercadona has solidified its leading position in the Spanish grocery retail market in 2024, achieving the hi ...; Graciela Maria Reporter 2025.02.14

MasOrange Reports €7.388 Billion Revenue in 2024, a 1.5% Increase, with Adjusted EBITDA Up Nearly 11%: Madrid, Spain – MasOrange, the telecommunications company formed from the merger of Orange and MásMóvil in Spa ...; Graciela Maria Reporter 2025.02.14

Isuzu Showcases Modern Transport Technologies in Dodoma Exhibition: DODOMA – AI Mansour Auto EA Tanzania, the official dealer and distributor of Isuzu vehicles in Tanzania, has launched a thre ...; Hee Chan Kim Reporter 2025.02.14

Tanzania to Launch Fifth Oil and Gas Exploration Licensing Round: NEW DELHI – Tanzania has announced its plans to launch the Fifth Licensing Round for oil and gas exploration blocks in its d ...; Hee Chan Kim Reporter 2025.02.14