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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Singapore's F&B Sector Faces Contraction After a Year of Growth, But Opportunities Remain, Says OCBC: Singapore - Singapore's Food and Beverage (F&B) industry is experiencing a slowdown, marked by market saturation and a challen ...; Eugenio Rodolfo Sanabria Reporter 2025.05.01

Andong Mayor Kwon Ki-chang Urges Tourism as an Act of Charity Following Devastating Wildfires: Andong, South Korea - In a press conference held in conjunction with World OKTA (Overseas Korean Traders Association) President Pa ...; KO YONG-CHUL Reporter 2025.04.30

Yecheon Agri-Food Products Set Stage for Global Expansion at Andong Korea Business Expo: Andong, South Korea – Yecheon County, North Gyeongsang Province, is making significant strides towards entering the global m ...; KO YONG-CHUL Reporter 2025.04.30

World-OKTA's Andong Korea Business Expo Secures $84 Million in Deals, Demonstrating Global Korean Economic Network Power: ANDONG, SOUTH KOREA - The World Korean Traders Association (World-OKTA) concluded its 2025 World Representatives Convention and Ko ...; KO YONG-CHUL Reporter 2025.04.30

Resilient Beauty Salons and Lodging Outshine Struggling Online Retail and Cosmetics in South Korean Startup Survival Rates: SEOUL, South Korea - New data released by South Korea's National Tax Service reveals a stark contrast in the survival rates of var ...; Kim Sungmoon Reporter 2025.04.30

Trump Jr. Holds High-Profile Meetings with South Korean Business Tycoons Amidst U.S. Trade Concerns: SEOUL – Donald Trump Jr., the eldest son of the former U.S. President, arrived in South Korea on Tuesday at the invitation o ...; Eunsil Ju Reporter 2025.04.30

Andong Intensifies Crackdown on Illegal Use of Local Currency to Bolster Regional Economy: Andong, South Korea – Andong City is set to launch a comprehensive 22-day crackdown on the illicit circulation of its popula ...; KO YONG-CHUL Reporter 2025.04.30

Fila Accelerates China Expansion with New Flagship Store Launch: Global sportswear brand Fila is intensifying its efforts to conquer the Chinese market with the grand opening of a new flagship st ...; Eugenio Rodolfo Sanabria Reporter 2025.04.30

Jin Air Resumes Incheon-Qingdao Flights, Boosting Travel Options and Tourism: SEOUL, South Korea – Jin Air, a prominent South Korean low-cost carrier, has announced the resumption of its Incheon-Qingdao ...; KO YONG-CHUL Reporter 2025.04.30

World-OKTA Aims to Be Gateway for Korean SMEs' Global Expansion at Andong Expo: Andong, South Korea – The World Federation of Korean Trade Associations (World-OKTA) has declared its commitment to becoming ...; KO YONG-CHUL Reporter 2025.04.28

JD.com Enters Korean E-commerce Arena with Blitzkrieg Logistics, Threatening Local Players: SEOUL, SOUTH KOREA – E-commerce giant JD.com, often dubbed 'China's Amazon,' has officially launched its full-fledged operat ...; Min Gyu Mi Reporter 2025.04.28

Lotte GRS Expands Restaurant Portfolio with Downtown Debut of Japanese Ramen Brand 'Mukyoku': SEOUL, South Korea – Lotte GRS, the prominent food service franchise arm of South Korean conglomerate Lotte Group, has annou ...; KO YONG-CHUL Reporter 2025.04.28

Sejong City Hosts Japanese Parliamentarians for Smart City, Balanced Development Talks: SEJONG CITY – Mayor Choi Min-ho of Sejong Special Self-Governing City welcomed a delegation of Japanese parliamentarians fro ...; HONG MOON HWA Senior Reporter 2025.04.28

Incheon Bakeries Busted for Storing Expired Ingredients, Violating Food Safety Laws: INCHEON, SOUTH KOREA - Authorities in Incheon have cracked down on several food establishments, including prominent bakery cafes, ...; KO YONG-CHUL Reporter 2025.04.28

Toyota Korea Amplifies After-Sales Service with New Mega Parts Center: SIHEUNG, South Korea – Toyota Korea is significantly bolstering its after-sales service capabilities with the grand opening ...; Hwang Sujin Reporter 2025.04.28

Seoul Bets Big on Chicken to Boost Public Delivery App "Ttanggyeoyo": The Seoul Metropolitan Government has launched a bold initiative for its public delivery app, "Ttanggyeoyo" (땡겨요, meaning "It pull ...; Hwang Sujin Reporter 2025.04.28

"May Donghaeng Festival" to Boost National Spending, Support Small Businesses: South Korea is set to launch the "May Donghaeng Festival," a nationwide initiative aimed at stimulating consumer spending and supp ...; Hwang Sujin Reporter 2025.04.28

Travel Troubles Rise in South Korea as Overseas Trips Surge: As South Koreans eagerly plan overseas vacations for the upcoming Family Month in May, a concerning trend of travel-related scams ...; Hwang Sujin Reporter 2025.04.28

Philippine Central Bank Launches Mobile App, Strengthening Access to Financial Information and Accelerating Digital Inclusion: Manila – The Bangko Sentral ng Pilipinas (BSP) has announced the launch of its mobile application, ‘BSP Mobile,’ ...; ONLINE TEAM 2025.04.27

Singapore-US Trade Relations: Seeking Deeper Cooperation Amid Maintained Tariffs: As Singapore and the United States seek to deepen their economic relationship, the US has decided to maintain a basic tariff of 10 ...; Ana Fernanda Reporter 2025.04.27