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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Paraguay abre el camino para la exportación de carne de res, cerdo y aves a Filipinas.: Paraguay ha logrado ingresar al mercado filipino de carne, estableciendo un importante punto de apoyo para la expansión en ...; Yim Kwangsoo Correspondent 2025.09.12

Driver-Led Protests Demand Labor Rights in Anticipation of Transportation Reform Bill: On September 8, public transit drivers announced they will protest in front of the legislature to demand secure working conditions ...; Yim Kwangsoo Correspondent 2025.09.10

Paraguay Hosts Largest-Ever Business Week, Aiming to Accelerate Economic Growth: The inaugural Paraguay Business Week, the largest business event in the country's history, was successfully held from September 8 ...; KO YONG-CHUL Reporter 2025.09.10

Paraguayan Pub and Bar Industry 'Gleeful' as National Football Team Qualifies for World Cup: The confirmation of the Paraguayan national football team's qualification for the 2026 World Cup has sparked a nationwide celebrat ...; Global Economic Times Reporter 2025.09.10

Incheon Airport and Shilla Duty Free Clash Over Rent: Court Mandates 25% Cut, Airport to Object: INCHEON – A significant dispute has erupted between the Incheon International Airport Corporation and Shilla Duty Free, afte ...; Hwang Sujin Reporter 2025.09.08

Ueno Bank and Última Hora Breathe New Life into Paraguayan Education with the 'Reading Educators' Project: The 'Formando Lectores 2' (Reading Educators) project, a joint initiative by Ueno Bank and the daily newspaper Última Hora, ...; Global Economic Times Reporter 2025.09.08

EU and Mercosur Target FTA Signing This Year, Creating a Unified Market of 700 Million: MEXICO CITY — The European Union (EU) and the Southern Common Market (MERCOSUR) are accelerating efforts to formally sign a ...; Yim Kwangsoo Correspondent 2025.09.06

US Energy Secretary: “We'll Double LNG Exports Under Trump, South Korea is a Big Market”: WASHINGTON – U.S. Energy Secretary Chris Wright announced on Monday that the United States aims to double its liquefied natu ...; Hwang Sujin Reporter 2025.09.06

Canadian Boycott Hits Jack Daniel’s Hard, Brown-Forman Sales Plummet 62%: LOUISVILLE, KY — Brown-Forman, the parent company of iconic American brands like Jack Daniel's Tennessee Whiskey and Woodfor ...; Global Economic Times Reporter 2025.09.04

HawaiianMiles Program Enters ‘Deep Freeze’ as Alaska Airlines Merger Nears: HONOLULU—Hawaiian Airlines has confirmed that its long-standing loyalty program, HawaiianMiles, will undergo a five-day susp ...; Ana Fernanda Reporter 2025.09.04

SKT, Shinsegae, and Six Others Maintain 102 Consecutive Quarters of Profit Since 2000: A recent report by corporate data research firm CEO Score reveals that eight major South Korean companies—KT&G, SK Telec ...; Global Economic Times Reporter 2025.09.03

Trade Minister Discusses 'Key Mineral Supply Chain Cooperation' with Latin American Ambassadors: Yeo Han-koo, Minister for Trade of the Ministry of Trade, Industry and Energy, met with ambassadors from Latin American countries ...; Hwang Sujin Reporter 2025.09.03

Delinquent Construction Loans at Top 5 Banks Double in Six Months: SEOUL – Delinquent loans in the construction sector have reportedly more than doubled at South Korea's five largest banks in ...; KO YONG-CHUL Reporter 2025.09.03

Developing Nations Shift Away from Dollar Debt Amid High U.S. Interest Rates: SEOUL - A growing number of developing nations are turning away from U.S. dollar-denominated debt and opting for loans in other cu ...; Pedro Espinola Special Correspondent 2025.09.02

Tesla's India Debut Stumbles, Raising Concerns About Global Growth: NEW DELHI—Tesla's highly anticipated entry into the Indian market appears to be off to a sluggish start, with the company re ...; Graciela Maria Reporter 2025.09.02

Foreign Investors Shift Strategy: Selling Samsung Electronics, Buying Kakao and Hyundai Motor: SEOUL – Foreign investors have shifted their strategy in the South Korean stock market, turning to a net-sell position on th ...; Graciela Maria Reporter 2025.09.01

EU Achieves Historic Trade Surplus with Russia Amid Sanctions: BRUSSELS — The European Union has recorded a trade surplus with Russia for the first time on record, a historic reversal of ...; Eugenio Rodolfo Sanabria Reporter 2025.09.01

South Korean Duty-Free Sales Plummet Despite Tourism Boom: Seoul, South Korea — South Korea's duty-free industry faces a major downturn as per-person spending by foreign tourists shar ...; KO YONG-CHUL Reporter 2025.09.01

NVIDIA's Strong Q2 Earnings Beat Market Expectations, Fueled by AI Growth: SAN FRANCISCO — AI powerhouse NVIDIA announced on August 27 that its second-quarter (May-July) revenue and earnings per shar ...; Global Economic Times Reporter 2025.08.28

Hyundai Motor Group Announces $5 Billion Surge in US Investment: SEOUL—Hyundai Motor Group has announced an additional $5 billion (approximately ₩7 trillion) investment in the United States ...; KO YONG-CHUL Reporter 2025.08.26

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