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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Mirae Asset Global Investment Holds 'ETF Rally 2025' in Hawaii: HONOLULU – Mirae Asset Global Investment held its 'ETF Rally 2025' at the Fairmont Hawaii Hotel from March 3rd to 4th. The e ...; PETER KO 2025.02.10

LS Securities to Host "Touhon Cup" Futures and Options Profit Contest: LS Securities announced on February 10th that it will be hosting the "Touhon Cup, Domestic Futures and Options Profit Contest," a ...; Desk 2025.02.10

KB Securities Offers Low-Interest Credit Loans for New and Existing Customers: KB Securities announced on April 10th that it will lower the interest rate on credit loans to 4.0% per year until April 30th. Thi ...; Desk 2025.02.10

Busan Launches 2 Trillion Won Green Fund to Support Local Businesses: Busan, South Korea – The Financial Services Commission (FSC) has announced the launch of a major initiative to bolster inves ...; Global Economic Times Reporter 2025.02.10

Three Korean Banks Hit by Multi-Billion Won Fraud Scandal: SEOUL – Three major South Korean banks, KB Kookmin, Shinhan, and SC Jeil, are reeling from a massive fraud scandal involving ...; KO YONG-CHUL Reporter 2025.02.10

Korean East-West Power and HD Hyundai Heavy Industries Join Forces to Develop Carbon-Free Distributed Energy: Ulsan, South Korea – Korean East-West Power (EWP) and HD Hyundai Heavy Industries (HHIH) have signed a memorandum of underst ...; Global Economic Times Reporter 2025.02.10

BNK Financial Group Announces Record-Breaking 2024 Earnings: Busan, South Korea – BNK Financial Group (Chairman Bin Dae-in) announced on February 6th that its consolidated net profit (c ...; Global Economic Times Reporter 2025.02.10

Doosan Škoda Power Makes Historic Debut on Prague Stock Exchange: PRAGUE – Doosan Škoda Power, a subsidiary of South Korean industrial giant Doosan Enerbility, has marked a significan ...; Global Economic Times Reporter 2025.02.10

Gyeongnam Province to Support Local Businesses at the World Korean Business Convention 2025: Gyeongnam, South Korea – Gyeongnam Province is taking proactive steps to bolster its consumer goods export sector amidst gro ...; KO YONG-CHUL Reporter 2025.02.10

Samsung Biologics Rapidly Closing Gap with Global CDMO Leader Lonza: Samsung Biologics is making significant strides in the global CDMO market, rapidly catching up with industry leader Lonza. While S ...; Desk 2025.02.10

Shinhan Securities Sees 63% Surge in New IRP Accounts in 2024: Shinhan Securities announced on February 7th that it saw a significant increase in the number of new Individual Retirement Pension ...; Hwang Sujin Reporter 2025.02.08

Hana Securities Offers US Stock Purchase Coupons for New Foreign Currency Deposit Accounts: Hana Securities announced today that it will be running a collaborative event with Hana Bank until February 20th, offering US stoc ...; Desk 2025.02.08

Hantop Achieves Operating Profit Surplus for 3 Consecutive Years: Hantop announced on the 7th that it recorded 84.889 billion won in sales and 3.73 billion won in operating profit last year. Sales ...; Hwang Sujin Reporter 2025.02.08

Bbia, a Korean Indie Beauty Brand, Achieves Record-Breaking Sales in 2024: Seoul, South Korea – Bbia, a leading indie beauty brand in South Korea, has announced record-breaking sales for the year 202 ...; Hwang Sujin Reporter 2025.02.08

Woori Card's Net Profit Surges 32.4% to KRW 147 Billion in 2024: Seoul, South Korea – Woori Card announced on February 7th that its net profit for the year 2024 reached KRW 147 billion, a s ...; Min Gyu Mi Reporter 2025.02.08

South Korea's Top 4 Financial Groups Achieve Record Profits of Over ₩16 Trillion: SEOUL – South Korea's four major financial holding companies – KB, Shinhan, Hana, and Woori – have announced rec ...; Hwang Sujin Reporter 2025.02.08

South Korea Extends Fuel Tax Cut, Boosts Support for Food Prices Amidst Inflation Concerns: Seoul – South Korea has announced an extension of its temporary fuel tax cut for another two months, until the end of April. ...; Global Economic Times Reporter 2025.02.07

Fitch Maintains South Korea's Credit Rating at 'AA-' with Stable Outlook, but Downgrades Growth Forecast: Seoul – Fitch Ratings has reaffirmed South Korea's long-term foreign currency issuer default rating (IDR) at 'AA-' with a st ...; KO YONG-CHUL Reporter 2025.02.07

Samyang Foods Achieves Record-Breaking Sales and Operating Profit in 2024: Samyang Foods [003230] announced on February 5th that its consolidated sales for 2024 are provisionally estimated at 1.73 trillion ...; Min Gyu Mi Reporter 2025.02.06

S. Korea Takes Measures in Response to China's Export Control of 5 Key Raw Materials: The South Korean government has taken measures to address the potential impact of China's recent export control of five key raw ma ...; Hwang Sujin Reporter 2025.02.06