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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Gold Transactions Surge Amidst Escalating Trade War Fears: Seoul, South Korea – The recent surge in gold trading in South Korea has reached unprecedented levels, with daily transactio ...; Hwang Sujin Reporter 2025.02.06

Financial Authorities Strengthen Disaster Recovery Measures Following Kakao's "Service Interruption" Incident: In response to the "service interruption" incident that occurred with Kakao [035720] two years ago due to a fire at the SK C&C ...; KO YONG-CHUL Reporter 2025.02.06

U.S. Trade Deficit Hits Record High in 2024: The United States' trade deficit soared to a record high of $918.4 billion in 2024, as imports surged while exports struggled to k ...; Sharon Yoon Correspondent 2025.02.06

Uber's Q4 Revenue Beats Expectations, But Earnings Fall Short: SAN FRANCISCO – Uber Technologies Inc. released its fourth-quarter earnings on Tuesday, reporting revenue of $11.96 billion, ...; PETER KO 2025.02.06

Disney's Q1 2025 Earnings Exceed Expectations, But Streaming Subscriber Decline Impacts Stock: Los Angeles - The Walt Disney Company (DIS) reported its first-quarter fiscal year 2025 (October-December 2024) earnings on Tuesda ...; Sharon Yoon Correspondent 2025.02.06

Shinsegae Department Store to Hold '5-Mazing Card Festa': Shinsegae Department Store announced on the 6th that it will be holding the '5-Mazing Card Festa' from the 6th to the 16th in part ...; Min Gyu Mi Reporter 2025.02.06

Wall Street Rebounds on Trade War Optimism: NEW YORK, NY - U.S. stocks rallied on Tuesday, overcoming earlier losses triggered by Alphabet's lackluster earnings report. The D ...; Hannah Yeh Reporter 2025.02.06

South Korean Investors Flock to Overseas Stocks as Domestic Market Lags: SEOUL – South Korean investors are increasingly turning their attention to overseas stock markets, particularly in the Unite ...; KO YONG-CHUL Reporter 2025.02.06

K-Food Companies on Edge as US-China Trade War Heats Up: The US-China trade war is escalating, with both countries imposing additional tariffs on each other's goods. This is causing jitte ...; Min Gyu Mi Reporter 2025.02.06

Colombia's Leather and Footwear Industry Takes Center Stage at IFLS and EICI Trade Shows: BOGOTA – The Colombian Association of Footwear, Leather and Manufactures (Acicam) kicked off its annual International Footwe ...; Eugenio Rodolfo Sanabria Reporter 2025.02.05

Valentine's Day Spending in Peru Projected to Reach $165 Million: LIMA, Peru – Valentine's Day is a significant date for retailers in Peru, and this year is no exception. The Lima Chamber of ...; Ana Fernanda Reporter 2025.02.05

Egyptian Trade Delegation to Explore Opportunities in Tanzania: DAR ES SALAAM – A delegation of 23 leading Egyptian companies is set to visit Tanzania from February 1st to 6th, 2025, in a ...; Hee Chan Kim Reporter 2025.02.05

Vietnam Tech Startup Funding Plummets in 2024, Though Late-Stage Investments Show Promise: HANOI – Vietnamese tech startups experienced a significant downturn in funding in 2024, raising just over US$120 million, ac ...; Graciela Maria Reporter 2025.02.05

Vietnam's Stock Market Poised for Growth in 2025: Industrial Real Estate and Steel Sectors in Focus: HANOI – Vietnam's stock market is anticipating a surge of activity in 2025, with significant transformations unfolding acros ...; Ana Fernanda Reporter 2025.02.05

Vietnam's Billionaire Count Bounces Back to Six: HANOI – Vietnam's roster of billionaires has climbed back to six with the re-inclusion of Masan Group Chairman Nguyen Dang Q ...; Ana Fernanda Reporter 2025.02.05

Vietnam Stock Market Rebounds, But Caution Advised Amidst Foreign Investor Sell-Off: HANOI – The Vietnamese stock market saw a strong rebound on Tuesday, with the VN-Index nearing the 1,265-point mark. Improve ...; Global Economic Times Reporter 2025.02.05

Egypt Secures $1.7 Billion in Financing from Islamic Development Bank Group: Cairo, Egypt – Egypt has solidified its partnership with the Islamic Development Bank (IsDB) Group, securing $1.7 billion in ...; Eugenio Rodolfo Sanabria Reporter 2025.02.05

SK Telecom Joins MIT's GenAI Impact Consortium as Founding Member: Seoul, South Korea – SK Telecom (SKT), a leading South Korean telecommunications company, has announced its participation as ...; ONLINE TEAM 2025.02.04

Gyeongnam Province to Accelerate Electric Vehicle Supply Project: Gyeongsangnam-do Province announced on the 4th that it will begin its electric vehicle (EV) supply project earlier than usual this ...; Hwang Sujin Reporter 2025.02.04

Financial Supervisory Service Uncovers Massive Illegal Loans at Major Banks: SEOUL – The Financial Supervisory Service (FSS) of South Korea has revealed a staggering 387.5 billion won ($295 million USD ...; KO YONG-CHUL Reporter 2025.02.04