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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Bucheon Mayor Cho Yong-ik Discusses Implementing National Policy Directives of the Lee Jae-myung Government with Working-Level Officials: Policy meeting with about 20 working-level officials in economic sectors, including local economy, corporate support, and job crea ...; Global Economic Times Reporter 2025.07.11

"Not Many Opportunities Right Now": Recent Graduate Faces Job Market Challenges, Takes Contract Position: SINGAPORE – Recent and soon-to-be graduates are struggling in a tough job market. With it becoming increasingly difficult to ...; KO YONG-CHUL Reporter 2025.07.10

'Tens of Thousands of Jobs with a Monthly Salary of 10 Million Won'... Singapore's 'Super-Rich Black Hole' Strategy Surpasses New York and Hong Kong: Singapore is rapidly emerging as a 'black hole' attracting super-rich individuals from around the world. In particular, it is domi ...; ONLINE TEAM 2025.07.10

2.6 Million Job Seekers Successfully Employed Through Local Philippine Employment Service Offices (PESOs) Since 2024: MANILA, Philippines – The Philippine Bureau of Local Employment (BLE) announced on Wednesday, July 9, that over 2.6 million ...; Kim Sungmoon Reporter 2025.07.10

Philippines Approves Import of 424,000 Tons of Sugar…Full Efforts to Stabilize Supply: On July 9, 2025, the Philippine Sugar Regulatory Administration (SRA) approved the import of 424,000 metric tons (MT) of refined s ...; Hwang Sujin Reporter 2025.07.10

Even Used Clothes Get Bought by Department Stores… Hyundai Department Store Fully Introduces Eco-Friendly Compensation Service 'Buy-Back': Hyundai Department Store is taking the lead in spreading a sustainable consumption culture by officially launching its 'Buy-Back' ...; Kim Sungmoon Reporter 2025.07.09

Gyeonggi Province Faces Deepening Shortage of 5,900 Bus Drivers, Seeks to Overcome Crisis with Ordinance to Train Transit Workers: As the shortage of transit workers for route buses in Gyeonggi Province deepens, the Gyeonggi Provincial Assembly is moving to ena ...; Hwang Sujin Reporter 2025.07.09

Bucheon City to Fully Operate '2025 Bucheon Festa Tour BIFAN Edition': Bucheon City is operating the '2025 Bucheon Festa Tour BIFAN Edition,' planned in conjunction with the 29th Bucheon International ...; KO YONG-CHUL Reporter 2025.07.08

Daejeon City Produces and Distributes '2025 Youth Employment Support Guide': Daejeon City has produced and distributed the '2025 Youth Employment Support Guide' to help young people prepare for employment. T ...; KO YONG-CHUL Reporter 2025.07.08

Daejeon City Becomes First in Nation to Support Small Business Card Payment Communication Fees: Daejeon City is actively stepping up to help small business owners overcome the management crisis by becoming the first in the nat ...; HONG MOON HWA Senior Reporter 2025.07.08

Air Busan's Summer Vacation Special: Up to 80% Off International Flights from Busan/Incheon: Air Busan is holding a large-scale discount promotion for 23 international routes departing from Busan and Incheon, just in time f ...; Kim Sungmoon Reporter 2025.07.08

Samsung Electronics Aims to Defend Stock Price with ₩2.8 Trillion Share Buyback and Cancellation Amidst Q2 'Earnings Shock': Samsung Electronics is facing an 'earnings shock' after recording a provisional operating profit in the ₩4 trillion range for the ...; KO YONG-CHUL Reporter 2025.07.08

South Korea Moves to Drastically Improve Nurse Working Conditions, Address Night and Shift Work Issues: SEOUL, South Korea – The South Korean government is embarking on a comprehensive initiative to fundamentally reform the work ...; Hwang Sujin Reporter 2025.07.06

SKT Announces Large-Scale Compensation Plan for USIM Hacking Incident…Penalty Fee Waivers and Half-Price Telecom Bills: SK Telecom (SKT) has announced a comprehensive customer compensation plan, fully accepting the government's recommendation to waiv ...; Hwang Sujin Reporter 2025.07.04

Volvo Cars Korea Launches Plug-in Hybrid XC60 and XC90: Opening a New Horizon for Sustainable Mobility: Volvo Cars Korea has officially launched its Plug-in Hybrid (PHEV) SUVs, the XC60 PHEV and XC90 PHEV, in the domestic market, lead ...; Hwang Sujin Reporter 2025.07.04

Singapore's Financial Fortification Strategy: Institutionalizing Market Reforms to Attract Global Capital: Amidst the unstable international landscape, driven by US-China competition, regulatory changes in Hong Kong, and adjustments to J ...; Global Economic Times Reporter 2025.07.04

Singapore Car Market: BYD's Solo Run and Toyota's Chase: Just before leaving Singapore Changi International Airport, I heard an interesting prediction from a former Nissan colleague: "BYD ...; Ana Fernanda Reporter 2025.07.04

Okayama City Delegation Visits Bucheon, Deepening Friendship and Exchange: A delegation from Okayama City, Japan, a friendly international exchange city, officially visited Bucheon City from July 2nd to 3r ...; KO YONG-CHUL Reporter 2025.07.04

Asunción Stock Exchange Records US$3.43 Billion in H1 Transactions, Up 25.3% Year-on-Year: The Bolsa de Valores de Asunción (BVA), or Asunción Stock Exchange, recorded a total transaction volume of 27.2 tril ...; Yim Kwangsoo Correspondent 2025.07.04

Fines for Non-Payment of Increased Minimum Wage: Information You Can't Miss: Asunción, Paraguay – As of July 1, 2025, Paraguay's minimum wage has been increased and is now in effect. Accordingly ...; Pedro Espinola Special Correspondent 2025.07.04