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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Korean Air Soars Above Competition in Online Sentiment: Seoul, South Korea – Korean Air has maintained its position as the most talked-about airline in South Korea, according to a ...; Desk 2024.12.16

Shinhan Bank Leads in ESG Engagement as Public Interest Wanes Slightly: Seoul, South Korea – A recent study by Data & Research has revealed that Shinhan Bank is leading the pack in terms of pu ...; Desk 2024.12.16

Mortgage Rates Surge to 15-Year High in Taiwan: Taipei, Taiwan – Mortgage interest rates in Taiwan surged to a 15-year high of 2.23% in the last quarter, despite a decline ...; Ana Fernanda Reporter 2024.12.15

Chile's Economic Evolution: Insights from 50 Years of "Estudios de Economía": Santiago, Chile – A recent special edition of Estudios de Economía, Chile's premier economics journal, has delved dee ...; Desk 2024.12.14

World stock markets diverge as rate calls loom: Commodity markets were steadier after oil and gold won strong support Monday owing to uncertainty over Syria's impact on the wider ...; Hannah Yeh Reporter 2024.12.13

Finland's Dark Side: Organized Crime's Grip on Business: Helsinki, Finland - Organized crime has infiltrated Finland's business landscape, with nearly 2,000 companies tied to criminal gro ...; Graciela Maria Reporter 2024.12.13

Benromach Unveils 50-Year-Old Single Malt Whisky in Korea: A. Young FBC, a leading comprehensive beverage company, has unveiled the monumental Benromach 50 Years Old, a single malt Scotch w ...; LEE YEON SIL Reporter 2024.12.13

Disney Adventure Cruise Sees Overwhelming Bookings as Asia Debut Nears: Disney Cruise Line's highly anticipated Asia cruise, the Disney Adventure, has experienced an unprecedented surge in bookings sinc ...; JEONG CHAN MYEONG Senior Reporter 2024.12.13

South Korea Unveils New Guidelines to Boost Green Lending: South Korea has introduced a new regulatory framework aimed at expanding green lending, aligning loans with the country's green ta ...; KO YONG-CHUL Reporter 2024.12.13

Merger of Korean OTT Platforms Tving and Wavve Hinges on Pricing Strategy, Survey Reveals: Seoul – A survey conducted by Consumer Insight indicates that the potential merger of Korean streaming giants Tving and Wavv ...; Global Economic Times Reporter 2024.12.12

Cyworld Announces Ambitious Relaunch Targeting All Generations: Seoul – Once a dominant force in South Korean social networking, Cyworld is gearing up for a comeback next year with a moder ...; Hwang Sujin Reporter 2024.12.12

US-Saudi Business Forum Highlights Opportunities for Growth: Riyadh, Saudi Arabia – The Saudi-US Business Forum, held on December 8th, underscored the growing economic ties between the ...; JEONG CHAN MYEONG Senior Reporter 2024.12.11

Saudi Arabia Launches New Hotel Management Company, Adeera: Riyadh, Saudi Arabia – The Public Investment Fund (PIF) has announced the launch of Adeera, a new hotel management company a ...; Yim Kwangsoo Correspondent 2024.12.11

Finland Grapples with Organized Crime's Grip on Business: Helsinki, Finland – A recent report by the Finnish Tax Administration has revealed a concerning trend: organized crime has d ...; Global Economic Times Reporter 2024.12.11

Finland's Trade Deficit Widens in October 2024: HELSINKI – Finland’s trade balance deteriorated in October 2024, posting a deficit of €330 million, according to ...; Pedro Espinola Special Correspondent 2024.12.09

Fed Poised for December Rate Cut, Hints at Pause in 2023: Washington, D.C. – Federal Reserve officials are leaning towards a rate cut this month after November's jobs report indicate ...; Ana Fernanda Reporter 2024.12.08

Goldman Sachs Quits Net-Zero Banking Alliance: NEW YORK – Goldman Sachs has announced its withdrawal from the Net-Zero Banking Alliance (NZBA), a coalition aimed at aligni ...; Yim Kwangsoo Correspondent 2024.12.08

West Seattle Link Extension Displaces Businesses, Sparks Compensation Debate: Seattle, WA – The highly anticipated West Seattle Link Extension project, a 4.1-mile route with four new stations unveiled b ...; Hannah Yeh Reporter 2024.12.07

Amazon Pulls Out of Seattle Office, Impacting Local Businesses: Seattle, WA – Amazon's recent decision to vacate its office space at Met Park North in South Lake Union has left local busin ...; Hannah Yeh Reporter 2024.12.07

South Korea's Job Market Sees Slowest Growth in Years: Seoul, South Korea – South Korea's job market experienced its slowest growth in 2023 since data collection began in 2016, ac ...; Desk 2024.12.07