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 Government Steps Up Job Creation Efforts Amidst Rising Unemployment: Seoul, South Korea – The South Korean government is accelerating its job creation programs in response to a recent surge in ...; Global Economic Times Reporter 2025.01.24

UK Competition Watchdog Probes Apple and Google's Mobile Dominance: London, UK – The UK Competition and Markets Authority (CMA) has launched a formal investigation into the market dominance of ...; Eugenio Rodolfo Sanabria Reporter 2025.01.24

HUG Overhauls Rent Deposit Guarantee Premium System: Seoul, South Korea – The Housing & Urban Guarantee Corporation (HUG) announced today a significant overhaul of its rent ...; ONLINE TEAM 2025.01.24

South Korean Insurers Cut Auto Premiums Despite Rising Costs: SEOUL, South Korea – Major South Korean insurance companies are bucking the trend of rising insurance costs by announcing pl ...; Desk 2025.01.24

South Africa's Inflation Eases, Boosting Hopes for Further Rate Cuts: Johannesburg, South Africa – South Africa’s annual inflation rate for 2024 dipped to 4.4%, marking the lowest level si ...; Hee Chan Kim Reporter 2025.01.23

Netflix Raises Prices in North America Amidst Strong Q4 Earnings: Los Angeles, CA – Netflix, the world’s leading streaming service, has announced a price hike for its subscription plan ...; Sharon Yoon Correspondent 2025.01.23

Baemin Cuts Commission Fees, Offers Relief to Small Restaurants: Seoul, South Korea – Baedalminjok, one of South Korea’s largest food delivery platforms, has announced a significant r ...; Global Economic Times Reporter 2025.01.23

Bibilab and Masmarules Join Forces for Limited Edition Beauty and Fashion Collaboration: Seoul, South Korea – Bibilab, a leading inner beauty brand, and Masmarules, a popular fashion brand among teenagers and youn ...; Hwang Sujin Reporter 2025.01.22

South Korea Tightens Regulations on Imported Children's Products: Seoul, South Korea – The South Korean government is stepping up efforts to protect consumers, particularly children, from un ...; Global Economic Times Reporter 2025.01.22

MOGE Boosts Programs to Help Women Enter and Stay in the Workforce: Seoul, South Korea – The Ministry of Gender Equality (MOGE) announced on Tuesday that it will be expanding its support for w ...; Desk 2025.01.22

Europe Faces $700 Billion Annual Investment Gap with the US: Brussels – Europe is facing a significant challenge in enhancing its global competitiveness, particularly against major play ...; Eugenio Rodolfo Sanabria Reporter 2025.01.22

Vietnamese Exporters Diversify Amid Rising Global Trade Risks: HANOI - Vietnamese exporters are proactively diversifying their markets to mitigate risks, particularly as they brace for potentia ...; Global Economic Times Reporter 2025.01.22

LS Marine Solutions Accelerates Growth with Underwater Cable Synergy: Seoul, South Korea – LS Marine Solutions, a subsidiary of LS Electric, is rapidly expanding its business by leveraging syner ...; Global Economic Times Reporter 2025.01.20

DH Autoware Secures Major Win in the SDV Market: DH Autoware, a leading automotive electronics company, announced today that it has successfully commercialized a key component for ...; KO YONG-CHUL Reporter 2025.01.20

Starbucks Korea to Raise Prices Again: Seoul, South Korea – Starbucks Korea announced on January 20 that it will increase prices for 22 of its tall-sized beverages ...; Hwang Sujin Reporter 2025.01.20

Yoon Ina: The Rising Star of LPGA Draws Lucrative Sponsorships: Despite not having yet teed off in this year's LPGA Tour, 22-year-old rookie Yoon Ina is already being hailed as a global star. Nu ...; Global Economic Times Reporter 2025.01.18

Global Tech Giants Flock to Cheonan for Smart City Development: Cheonan, South Korea – The city of Cheonan is rapidly becoming a hub for global tech innovation, as major corporations like ...; HONG MOON HWA Senior Reporter 2025.01.17

Ho Chi Minh City Metro Line 1 Faces Initial Operational Challenges: Ho Chi Minh City's first metro line, which began operations last month, has seen strong public interest but has also faced some in ...; Global Economic Times Reporter 2025.01.17

Egypt Faces Energy Crunch as LNG Exports Plummet: Cairo, Egypt - Eni, a leading energy company, is set to resume drilling operations in Egypt's Zohr gas field after a three-year hi ...; Eugenio Rodolfo Sanabria Reporter 2025.01.17

Lagoa Council Considers Purchasing Historic Winery to Prevent Development: Lagoa, Portugal – The municipal council of Lagoa is exploring the possibility of acquiring the historic headquarters of &Uac ...; Eugenio Rodolfo Sanabria Reporter 2025.01.17