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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Homeplus Expands Online Presence with Baemin Partnership: Seoul, South Korea – Homeplus, one of South Korea’s leading retail chains, has announced a partnership with Baemin, th ...; Hwang Sujin Reporter 2024.12.04

Lotte Outlets to Host Year-End Clearance Sale: Lotte Outlets announced today that it will be holding a year-end clearance sale, "Clearance Week," across all its outlets from [St ...; Hwang Sujin Reporter 2024.12.04

Incheon's Half-Price Delivery Service for Small Businesses Sees Significant Success: Incheon, South Korea – Incheon Metropolitan City announced on October 28th that its groundbreaking "Half-Price Delivery Serv ...; KO YONG-CHUL Reporter 2024.12.04

Hamyang County Hosts Agricultural Product Export Consultation with Chinese Buyers, Securing $24,000 in Export Contracts: Hamyang County hosted a "2024 Hamyang County Agricultural Product Export Consultation with Chinese Buyers" on December 3rd at Insa ...; ONLINE TEAM 2024.12.03

Chong Kun Dang Health's 'Imvita' Breaks 20 Million Bottle Sales Milestone, Wins "2024 Korea Management Award": Seoul, South Korea – Chong Kun Dang Health, a leading healthcare company, has announced that its premium vitamin brand, Imvi ...; Desk 2024.12.03

Yanolja Launches Corporate Membership Program to Expand Market: Seoul, South Korea – Yanolja, a leading travel platform, has introduced a new corporate membership program aimed at expandin ...; Global Economic Times Reporter 2024.12.03

Starbucks Tops the List of Coffee Franchises Demonstrating 'Symbiosis' in Q3: A recent study conducted by data research firm Data and Research has revealed that Starbucks is leading the pack among the top ten ...; Desk 2024.12.02

Bithumb Faces Backlash Over Misleading Crypto Giveaway: Seoul, South Korea – South Korea's leading cryptocurrency exchange, Bithumb, is under fire for its recent marketing campaign ...; Desk 2024.12.02

China's Oversupply Wreaks Havoc on South Korea's Chungcheong Region Industries: Daejeon, South Korea – The oversupply of goods from China is causing significant disruptions to key industries in South Kore ...; HONG MUN HWA Senior Reporter 2024.12.02

CJ OliveYoung Selects 20 K-Beauty Brands for Global Launchpad: Seoul, South Korea – CJ OliveYoung, a leading health and beauty retailer in South Korea, announced today the selection of 20 ...; Desk 2024.12.02

Jeju Expands Reward Program for Businesses Participating in Disposable Cup Deposit System: Jeju City, South Korea – The Jeju Special Self-Governing Province, under the leadership of Governor Oh Young-hoon, has annou ...; Hwang Sujin Reporter 2024.12.02

Apple's Global Dominance and the Rise of Chinese Competitors in the Premium Smartphone Market: A recent report by Counterpoint Research has revealed a stark shift in the global premium smartphone market. Apple has solidified ...; Hwang Sujin Reporter 2024.12.02

South Korea's Domestic Sales Index Plunges, Signaling Economic Slowdown: Seoul, South Korea – South Korea's domestic sales index, a key indicator of domestic consumption, has been on a downward tra ...; Global Economic Times Reporter 2024.12.02

Korean Air Extends Coatroom Service for Winter Travelers: Seoul, South Korea – Korean Air announced on November 26th that it will be extending its popular Coatroom service for winter ...; Desk 2024.11.30

Incheon Airport Breaks Ground on Smart Racing Park: Incheon, South Korea – Incheon International Airport Corporation announced on November 28th that it had broken ground on the ...; Hwang Sujin Reporter 2024.11.30

Mandarin Robotics Introduces Robotic Wok Cook for Consistent Chinese Cuisine: Seoul, South Korea – Mandarin Robotics, a food tech startup, has unveiled a revolutionary robotic wok cook designed to addre ...; Global Economic Times Reporter 2024.11.29

South Korea to Strengthen Regulations on Taxi-Hailing Platforms: Seoul, South Korea – The South Korean government is set to introduce a new law granting it the authority to issue improvemen ...; Hwang Sujin Reporter 2024.11.29

Buen Camino Aims to Be a FinTech Leader with Its Salary Management App, SAVLE: Seoul, South Korea – Buen Camino, a South Korean fintech startup, is aiming to become a major player in the fintech industry ...; Desk 2024.11.29

LG Uplus Revamps Organization to Accelerate AI-Driven Transformation: LG Uplus announced today a major organizational overhaul effective December 1st, aimed at accelerating its transformation into an ...; Hwang Sujin Reporter 2024.11.29

CJ CheilJedang Launches Bibigo Korean BBQ Fried Rice in North America: CJ CheilJedang, a leading South Korean food company, announced today the launch of "Bibigo Korean BBQ Fried Rice," a shelf-stable ...; Desk 2024.11.29