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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NVIDIA's Unwavering Bet on China: A Strategic Imperative Amidst Geopolitical Tensions: "The U.S. based its policy on the assumption that China cannot make AI chips. That assumption was always questionable, and now it ...; KO YONG-CHUL Reporter 2025.06.08

DNIT Simplifies Registration Procedures for Customs-Related Parties: The Paraguayan Undersecretariat of State for Taxation (DNIT) is significantly streamlining the registration procedures for individ ...; Hwang Sujin Reporter 2025.06.06

Paraguay's Financial Sector: Loan and Deposit Growth Continues in April 2025: ASUNCION – In April 2025, the credit balance of Paraguay's banking and financial sector showed robust growth, increasing by ...; Greace Nunez Correspondent 2025.06.06

Itaipu Remits Over USD 235 Million to Paraguayan Government, Bolstering Local Governments and ANDE (January-May 2025): ASUNCIÓN – Itaipu Binacional announced that from January to May 2025, it paid a total of USD 234,673,800 (approximate ...; Graciela Maria Reporter 2025.06.06

Government Pays Over $12 Million to Suppliers Today (June 6): Asunción, Paraguay – The Paraguayan Ministry of Finance and Economy announced today (June 6) that the Treasury has di ...; Graciela Maria Reporter 2025.06.06

U.S. Businesses Brace for Supply Chain Disruptions Amidst Potential Trump Tariffs: WASHINGTON D.C. - A significant majority of U.S. business owners are expressing heightened concern over potential supply chain dis ...; Eunsil Ju Reporter 2025.06.04

Shinhan Card Announces Early Retirement Offer Amidst Declining Profitability and Loss of Industry Leadership: SEOUL, South Korea – Shinhan Card, once a dominant force in South Korea's credit card market, is once again offering a volun ...; Hee Chan Kim Reporter 2025.06.04

South Korea's Job Market Sees Record Low Entrants and Movers, Signaling Tightening Conditions: SEOUL, South Korea – South Korea's job market is experiencing an unprecedented tightening, with the number of new entrants a ...; KIM YOUNG MIN 2025.06.04

Sedeco Fines Express Supermarket 'Biggie': Repeated Violations, Consumer Rights Infringement Controversy: ASUNCION, PARAGUAY – The Paraguayan Secretariat of Consumer and User Protection (Sedeco) has imposed a fine of G. 107,627,00 ...; Ana Fernanda Reporter 2025.06.04

INCOOP Announces Credit Card and Loan Interest Rate Ceilings for June 2025: Asunción, Paraguay – The Paraguayan Cooperatives Institute (INCOOP) has officially announced the maximum interest rat ...; Yim Kwangsoo Correspondent 2025.06.04

SAFasia, Emerging Fuels Technology (EFT) Sign Agreement for Philippines SAF Development: Opening New Horizons for Southeast Asia's Sustainable Aviation Fuel Market: MANILA, Philippines – SAFasia, a leader in Sustainable Aviation Fuel (SAF) production and supply, and Emerging Fuels Technol ...; Kim Sungmoon Reporter 2025.06.03

Philippines' Hotel101 on the Cusp of Nasdaq Listing, Poised to Lead Global 'Condotel' Market: SINGAPORE / NEW YORK, USA – Hotel101 Global Holdings Corp., a subsidiary of the major Philippine real estate developer Doubl ...; KO YONG-CHUL Reporter 2025.06.03

Singapore's Top-Rated Bonds Gain Favor as U.S. Treasury Appeal Wanes: MELBOURNE – The allure of top-rated Asian bonds from Singapore and Australia is growing as the appeal of U.S. Treasuries dim ...; Desk 2025.06.03

Haenyeo Cafe Operations and Experiential Programs Draw Local Taiwanese Attention: The Jeju booth was operated under the unique concept of 'Jeju Haenyeo Cafe.' Visitors who participated in a Jeju travel survey or ...; KO YONG-CHUL Reporter 2025.06.03

GS Retail and Chungcheongnam-do Collaborate Strategically for Successful 'Visit Chungnam Year': Chungcheongnam-do has partnered with the major retail conglomerate GS Retail to successfully promote the '2025-2026 Visit Chungnam ...; HONG MOON HWA Senior Reporter 2025.06.02

Chungcheongnam-do and Hebei Province Deepen Economic Cooperation Discussions: Chungcheongnam-do (South Chungcheong Province) and China's Hebei Province have engaged in discussions to deepen economic cooperati ...; HONG MOON HWA Senior Reporter 2025.06.02

HD Hyundai Strengthens Submarine Development and MRO Cooperation with Portuguese Navy, Accelerating Global Defense Market Expansion: HD Hyundai is establishing a multifaceted cooperative relationship with the Portuguese Navy through a strategic partnership that e ...; KO YONG-CHUL Reporter 2025.06.02

UAE-Syria Resume Civilian Flights: A Signal of Improving Relations: Dubai – Civilian flights between the United Arab Emirates (UAE) and Syria have resumed after approximately one year, marking ...; Ana Fernanda Reporter 2025.06.02

GC Genome Accelerates Entry into UAE Non-Invasive Prenatal Testing Market with GeniFit Supply Agreement: GC Genome, a company specializing in genomic analysis, has officially entered the Middle Eastern market by signing a supply agreem ...; Ana Fernanda Reporter 2025.06.02

3-Day Investment Relations Successfully Completed with Key Local Investors in Hong Kong and Singapore… Explained Board Composition and Operation Plans, Discussed Governance Improvements: Shinhan Financial Group Chairman Yoon Jae-won visited Hong Kong and Singapore for three days starting on May 27, actively conducti ...; Hwang Sujin Reporter 2025.06.01