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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KOTRA Paves the Way for Auto Parts Exports to India, World's 3rd Largest Automotive Market: KOTRA (President Kang Kyung-seong) announced that it will host the 'Korea-India Future Automotive Partnering Plaza' in Chennai, In ...; KO YONG-CHUL Reporter 2025.06.12

Overseas Koreans Agency and Busan City Achieve $36 Million in Export Consultations: The Overseas Koreans Agency (Administrator Lee Sang-deok) and Busan Metropolitan City (Mayor Park Hyeong-jun) achieved a performan ...; KO YONG-CHUL Reporter 2025.06.11

Paraguay Emerges as European Investment Hub… '2025 EU-Paraguay Investment Forum' to Be Held: Paraguay is preparing to emerge as a new center for European investment through the '2025 EU-Paraguay Investment Forum,' to be hel ...; Pedro Espinola Special Correspondent 2025.06.11

Pope Leo XIV's Argentina Visit Unofficially Confirmed… Announcing a Hometown Visit After 12 Years of Silence Following Meeting with President Milei: On Saturday, June 7, 2025, Pope Leo XIV received Argentine President Javier Milei at the Vatican. While ostensibly a courtesy meet ...; Hwang Sujin Reporter 2025.06.11

Argentina LNG Project: Eni Confirms FLNG Participation, Signaling Shift in South American Energy Landscape: Italian energy company Eni has officially signed an agreement with Argentine state-owned energy company YPF for the Argentina LNG ...; Yim Kwangsoo Correspondent 2025.06.11

Daejeon City Significantly Lowers Threshold for Small Business Labor Cost Support: Daejeon City announced a significant easing of application criteria for its '2025 Small Business Labor Cost Support Program' to as ...; HONG MOON HWA Senior Reporter 2025.06.10

Chungnam Institute of Contents to Recruit Trainees for Accelerator (AC) Professional Training Program: CHUNGCHEONGNAM-DO – The Chungnam Institute of Contents (Director Kim Gok-mi) announced that it is recruiting trainees for th ...; HONG MOON HWA Senior Reporter 2025.06.10

Daejeon Mayor Lee Jang-woo Visits Quebec and Boston to Strengthen Global S&T Cooperation: DAEJEON – Daejeon Mayor Lee Jang-woo is embarking on a visit to Quebec, Canada, and Boston, USA, from June 10 to 18, to expa ...; HONG MOON HWA Senior Reporter 2025.06.10

Samcheok City Completes Preparations for 60th Gangwon Special Self-Governing Province Citizens' Sports Festival: Samcheok, Samcheok City in Gangwon Special Self-Governing Province has virtually completed its preparations for the 60th Gangwon S ...; KO YONG-CHUL Reporter 2025.06.10

Daejeon City to Provide Practical Employment Support for Unemployed Youth: Daejeon City is recruiting participants for its 'Youth Challenge Support Project' and 'Youth Growth Project' to help young people ...; HONG MOON HWA Senior Reporter 2025.06.10

Korean AI Tech Taps into Singapore's Public Sector, Forging a Bridge for Overseas Expansion: Korean artificial intelligence (AI) technology has successfully opened doors to Singapore's public sector, marking a significant t ...; KO YONG-CHUL Reporter 2025.06.09

Monetary Authority of Singapore Unveils Crypto Asset Due Diligence Guidelines: Paving the Way for Global Financial Regulation: As the digital revolution continuously reshapes the financial landscape, regulatory bodies worldwide face the challenging task of ...; KO YONG-CHUL Reporter 2025.06.09

Jeju-Singapore Direct Route Opens, Paving the Way for Activated Tourism and Expanded Exchange: The skies between Jeju and Singapore are set to become wider. T'way Air will launch a new direct regular flight service connecting ...; Hwang Sujin Reporter 2025.06.09

Jeju Hanwoo Paves Way for Singapore Export After WOAH Foot-and-Mouth Disease-Free Zone Recognition: Jeju-produced Hanwoo (Korean beef) is expected to begin exports to Singapore as early as the second half of this year. This develo ...; Hwang Sujin Reporter 2025.06.09

Airbus CEO Visits Singapore AATC, Emphasizing Contribution to Asia's Aviation Training and Sustainability: Singapore – The Airbus Asia Training Centre (AATC) recently welcomed Airbus CEO Guillaume Faury to Singapore, showcasing its ...; Desk 2025.06.09

Lotte Mart's 'Global Bridge in Indonesia' Forges US$9.5 Million in Export Deals, Bolstering Korean SME Expansion: Jakarta, Indonesia – Lotte Mart, a leading South Korean hypermarket chain, successfully concluded its "Global Bridge in Indo ...; Graciela Maria Reporter 2025.06.08

Indonesia's Hidden Gems Beckon Korean Travelers at Seoul International Tourism Fair: SEOUL – Indonesia is making a concerted effort to attract more Korean tourists by highlighting its lesser-known attractions, ...; Ana Fernanda Reporter 2025.06.08

KOSPO Wins Gold at International Invention Exhibition in Malaysia with AI-Powered Mobile Heat Exchanger: KUALA LUMPUR, Malaysia – June 5, 2025 – Korea Southern Power Co. (KOSPO) has been awarded a prestigious gold medal at ...; Global Economic Times Reporter 2025.06.08

Tous les Jours Re-Enters Malaysian Market After Eight-Year Hiatus: Kuala Lumpur, Malaysia – CJ Foodville, a leading South Korean food service company, has announced the grand opening of its n ...; Hwang Sujin Reporter 2025.06.08

Meet Park Ji-sung at COEX? Malaysia Airlines Brings Good Fortune to Seoul International Travel Fair: SEOUL, South Korea – Malaysia Airlines is making a significant splash at the 2025 Seoul International Travel Fair (SITF), he ...; Hwang Sujin Reporter 2025.06.08