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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US-Japan Talks Loom Large for South Korea Amid Trade and Security Intertwined: As South Korea prepares for a crucial visit to the United States next week by its Ministers of Economy and Finance, and Trade, Ind ...; Hwang Sujin Reporter 2025.04.17

Chinese E-commerce Giants Temu and Shein Hike US Prices, Slash Ad Spending Amid Tariff Hikes: Chinese e-commerce powerhouses Temu and Shein are set to increase prices for American consumers following the imposition of hefty ...; Ana Fernanda Reporter 2025.04.17

FedEx Launches First Direct Singapore-U.S. Cargo Route, Enhancing Southeast Asia-North America Trade Links: Global transportation and logistics giant FedEx has launched its first direct cargo flight route from Singapore to the United Stat ...; Ana Fernanda Reporter 2025.04.17

Philippines Securities and Exchange Commission Strengthens Regulation of Cryptocurrency Service Providers: Expectations for Market Stabilization and Investor Protection: The Philippines Securities and Exchange Commission (SEC) has embarked on full-scale regulation of its rapidly growing digital asse ...; Kim Sungmoon Reporter 2025.04.17

Philippines Sells 440,000 Motorcycles in Three Months, Surpassing Total US Market Sales: In the United States, motorcycles strongly symbolize freedom, rebellion, and leisurely weekend rides. However, looking at Southeas ...; Kim Sungmoon Reporter 2025.04.17

Uruguay and Paraguay 'Mixed Expectations' for Argentina's Easing of Currency Controls: As the Argentine government announced a significant easing of restrictions on exchanging its peso for US dollars, neighboring Urug ...; Pedro Espinola Special Correspondent 2025.04.17

The Aftermath of the Tabesa Sanctions: A Dark Shadow Over Paraguay's Finances: Analyses suggest that the sanctions imposed by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on Paraguaya ...; Ana Fernanda Reporter 2025.04.17

Newsom, California Governor, Draws 'Sword' Against Trump's Tariff Policy... A Prelude to the 2028 Presidential Election?: Gavin Newsom, the California governor considered a potential next-generation presidential candidate for the U.S. Democratic Party, ...; KO YONG-CHUL Reporter 2025.04.17

Los Angeles, Delivery Robots Become Part of Daily Life… Emerging as a Leader in Urban Logistics Innovation: In Los Angeles (LA), a major city in the western United States, delivery robots are deeply permeating the daily lives of citizens, ...; Eunsil Ju Reporter 2025.04.17

Nongshim Partners with Dessert Powerhouse 'Knotted' to Target the US Market… Launches 'Banana Kick Cream Donut': South Korea's leading snack brand Nongshim is set to target the US market through an unusual collaboration with the popular domest ...; Eunsil Ju Reporter 2025.04.17

Daejeon Inaugurates Korea SMC's Second Plant, Bolstering its Stature as a Business-Friendly Metropolis: Daejeon, South Korea – The city of Daejeon has further solidified its reputation as an attractive hub for business and inves ...; HONG MOON HWA Senior Reporter 2025.04.17

Chungnam Economic Promotion Agency Launches 'Chungnam Semiconductor Plus Job Project' to Boost Industry and Employment: The Chungnam Economic Promotion Agency (CEPA) has announced the full-scale implementation of the '2025 Chungnam Semiconductor Plus ...; KO YONG-CHUL Reporter 2025.04.17

Kim Jung-min: Pioneering Korean Entrepreneur Forges Unity Among Vietnamese Korean Business Community and Expands Global Reach: In the bustling economic landscape of Vietnam, a dynamic force has emerged in the form of the Asia Korean Businessmen's Federation ...; KO YONG-CHUL Reporter 2025.04.17

K-Beauty Wave Fuels Economic and Cultural Bridges Between South Korea and Central Europe: In a strategic move to deepen economic ties and foster cultural exchange, the Korea Trade-Investment Promotion Agency (KOTRA), und ...; HONG MOON HWA Senior Reporter 2025.04.17

World-OKTA to Host '2025 KOREA BUSINESS EXPO ANDONG' with Grand Opening on April 28th: World-OKTA (World Federation of Overseas Korean Traders Associations), the largest Korean diaspora economic organization represent ...; KO YONG-CHUL Reporter 2025.04.17

Daejeon Aims to Cultivate Star Companies by Turning Technology into Market Success Through Demonstration Support: Daejeon Metropolitan City is actively propelling its 2025 Customized Demonstration Testbed Support Project forward. As a key step, ...; KO YONG-CHUL Reporter 2025.04.17

Cheonan City Intensifies Scrutiny of Food Establishments in Anticipation of Major Cultural and Sporting Events: In a proactive measure to ensure public health and safety, Cheonan City has initiated an extensive inspection of its food service ...; HONG MOON HWA Senior Reporter 2025.04.16

Job Openings at Daejeon Metropolitan City Public Institutions! Hiring a Total of 110 People: Daejeon Metropolitan City has officially announced its integrated recruitment drive for the first half of 2025, seeking to onboard ...; HONG MOON HWA Senior Reporter 2025.04.16

Cheonan Pioneers Senior Pedestrian Delivery Program, Blending Employment and Well-being for Elderly Citizens: In a proactive stride towards addressing the challenges of an aging society, Cheonan City has forged a tripartite partnership with ...; HONG MOON HWA Senior Reporter 2025.04.16

Daejeon Metropolitan City to Subsidize Purchase of 299 Electric Motorcycles in 2025: Daejeon Metropolitan City announced its "2025 Electric Motorcycle Promotion Project" aimed at reducing urban air pollution and cre ...; KO YONG-CHUL Reporter 2025.04.16