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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Kia Inaugurates New CKD Plant in Kazakhstan, Accelerating Global Supply Chain Diversification: Kostanay, Kazakhstan — Kia Corporation officially opened its second Complete Knock-Down (CKD) joint assembly plant in Kostan ...; Yim Kwangsoo Correspondent 2025.10.22

Gmarket Challenges E-Commerce Leaders Coupang and Naver with 700 Billion Won Investment and Alibaba Synergy: Gmarket, now a subsidiary of the joint venture (JV) between Shinsegae Group and Alibaba Group, has unveiled an ambitious plan to i ...; Ana Fernanda Reporter 2025.10.22

Kering Sells Beauty Division to L'Oréal for €4 Billion Amid Gucci Slump: Paris – French luxury conglomerate Kering, owner of major brands including Gucci, Bottega Veneta, and Balenciaga, has announ ...; Hwang Sujin Reporter 2025.10.20

South Korean Department Store Industry Intensifies Competition for AI-Based 'Hyper-Personalized' Shopping: The South Korean department store industry is accelerating the development of 'hyper-personalized' custom services using Artificia ...; Hwang Sujin Reporter 2025.10.19

From Formal to 'Fine-Casual': Asia Pacific Embraces Culinary Comfort and Experience: SEOUL, South Korea — A seismic shift is underway in the Asia Pacific dining scene, with traditional fine dining making way f ...; Global Economic Times Reporter 2025.10.18

Samsung Soars with Three-Year High Operating Profit, Driven by Memory and Mobile Momentum: SEOUL, South Korea – Samsung Electronics Co., Ltd. announced a preliminary consolidated operating profit of approximately 12 ...; KO YONG-CHUL Reporter 2025.10.15

Vietnam Pomelo Makes Official Debut in Australian Market, Opening New Horizons for Agricultural Exports: HANOI – Vietnamese fresh pomelo has achieved a breakthrough by being officially exported to the Australian market, marking a ...; Graciela Maria Reporter 2025.10.09

Argentina Emerges as a 'Strategic Partner' in Caribbean Agricultural Innovation: Pledges to Deepen Cooperation at 2025 Caribbean Week of Agriculture (CWA) to Support Goal of 25% Reduction in Food Import Dependen ...; Pedro Espinola Special Correspondent 2025.10.08

Millicom Completes $440 Million Telefónica Acquisition, Enters Uruguayan Telecom Market: Millicom International Cellular S.A. (NASDAQ: TIGO) has finalized the acquisition of Telefónica Móviles del Uruguay ...; Graciela Maria Reporter 2025.10.08

Seong Gyeong Foods Launches Power Bank in Latest Dokdo Support Drive: SEOUL — Seong Gyeong Foods, the maker of the widely-known ‘Jidopyo Seong Gyeong Kim’ seaweed, has unveiled a uni ...; Global Economic Times Reporter 2025.10.06

Global Semiconductor Industry Converges in Phoenix for Record-Breaking SEMICON West 2025: PHOENIX, Arizona—The global semiconductor materials and equipment sector is gathering in Phoenix, Arizona, from October 7 to ...; Global Economic Times Reporter 2025.10.05

Korean Apparel Giant Sae-A Trading Acquires Swisstex Facilities to Bolster North American Footprint: SEOUL/LOS ANGELES – In a move widely seen as a strategic response to increasing global trade tensions, including U.S. tariff ...; Yim Kwangsoo Correspondent 2025.10.02

South Korea's Musinsa Standard Hits 30 Offline Stores, Accelerating Nationwide and Global Expansion: SEOUL – Musinsa Standard, the in-house modern basic casual wear brand of South Korean fashion platform Musinsa, has achieved ...; Shin Yeju 2025.10.02

Caregen Leads the Charge in South American Metabolic Disease Market, Securing Exclusive Supply of 3 Peptide Health Supplements to Peru and Paraguay: Caregen (214370), a peptide-specialized bio-company, has secured a bridgehead for preempting the South American metabolic disease ...; Graciela Maria Reporter 2025.10.02

Indefinite Airport Strike Threatens to Ground South Korea's Golden Holiday Travel: SEOUL — South Korea's highly anticipated "Golden Holiday"—a long stretch encompassing National Foundation Day and the ...; Hwang Sujin Reporter 2025.10.01

CJ CheilJedang Offloads Feed Unit to Royal De Heus in $900M Deal: SEOUL—South Korean food and beverage giant CJ CheilJedang is poised to divest its livestock and feed subsidiary, CJ Feed& ...; Kim Sungmoon Reporter 2025.10.01

South Korea's Aggressive Bid for AI Talent: High-Stakes 'InnoCORE' Program Attracts 159 Global PhDs: SEOUL — South Korea has launched an aggressive new strategy to reverse its chronic "brain drain" and position itself as a gl ...; Shin Yeju 2025.09.30

US Tariffs to Fully Hit Japanese Heavy Trucks, Exemption on Pharmaceuticals Expected: The United States is set to fully impose its newly announced 25% tariff on imported heavy trucks on Japan, starting October 1, acc ...; Graciela Maria Reporter 2025.09.28

Apple Escalates Feud with EU, Demands Repeal of Digital Markets Act: BRUSSELS — The long-running conflict between Apple and the European Union reached a boiling point this week as the tech gian ...; Ana Fernanda Reporter 2025.09.26

The Fierce Battle for Streaming Dominance: Coupang Play's Sports Bet and Disney+'s Aggressive Discount: The competition in South Korea's Over-the-Top (OTT) streaming market is heating up, with major players adopting unique strategies ...; Hwang Sujin Reporter 2025.09.25

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