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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Trump's Tariff Threat Casts Shadow Over South Dakota Wine Industry and Local Economy: Rapid City, SD - On a Saturday night in downtown Rapid City, the clink of a cork being pulled from a bottle of Nero d'Avola echoed ...; KO YONG-CHUL Reporter 2025.04.12

Cheonan City to Subsidize 50 Hydrogen Fuel Cell Vehicles: 32.5 Million KRW per Vehicle: Cheonan City announced on the 8th that it will promote the ‘2025 Hydrogen Fuel Cell Vehicle Supply Project’ to improve ...; KO YONG-CHUL Reporter 2025.04.11

Daejeon City Tour Unveils Revitalized Itineraries Focusing on Sensory and Experiential Tourism: Daejeon, South Korea – The Daejeon Metropolitan City Government is set to launch its significantly revamped "2025 Daejeon Ci ...; KO YONG-CHUL Reporter 2025.04.11

Chungnam HRD Center Successfully Concludes Specialized Job Competency Enhancement Training for E-9 Foreign Workers: The Chungnam Human Resources Development Center (HRD Center) recently announced the successful completion of its specialized job c ...; HONG MOON HWA Senior Reporter 2025.04.11

Chungnam Center for Creative Economy and Innovation Opens Call for 2025 First-Half Incubation Program at Chungnam Startup Marunabi: The Chungnam Center for Creative Economy and Innovation (Chungnam CCEI) has announced the recruitment of promising startups for it ...; HONG MOON HWA Senior Reporter 2025.04.11

Cheonan Cultural Foundation Establishes Public Profile on Danggeun Market to Enhance Community Engagement: Cheonan, South Korea – The Cheonan Cultural Foundation, led by CEO Ahn Dong-soon, announced on the 7th the launch of its off ...; HONG MOON HWA Senior Reporter 2025.04.11

Philippine Insurance Commission Urges Expansion of Gender-Specific Insurance and HMO Products: Highlights Need for Enhanced Coverage of Maternal and Reproductive Health, Gender-Specific Illnesses: MANILA, PHILIPPINES – The Philippine Insurance Commission (IC) has called for greater public attention to gender-specific in ...; Ana Fernanda Reporter 2025.04.11

Peruvian Companies Seek Entry into Paraguayan Market: Asunción, Paraguay – Representatives from ten Peruvian companies, belonging to a trade mission organized by the Peruv ...; Desk 2025.04.11

Bancard Launches Electronic Invoicing Service via POS Terminals: Accelerating Digital Transformation of Paraguay's Financial Market and Expected Support for Small Businesses: Asunción, Paraguay - Bancard, Paraguay's leading financial payment network, announced on April 10th the launch of a new ser ...; Ana Fernanda Reporter 2025.04.11

California Governor Seeks Independent Trade Deals to Dodge Trump's Tariffs: Los Angeles, California - In a bold move to shield California's massive economy from the fallout of President Donald Trump's sweep ...; Sharon Yoon Correspondent 2025.04.11

Philippines Transitions from Low-Cost Call Center Hub to High-Value Talent Pool: Manila, Philippines – A corporate event awash in bubbles, complete with dazzling lights and loud music, a so-called ‘f ...; ONLINE TEAM 2025.04.10

Taiwan Defends TSMC Amid Potential $1 Billion+ Fine for Possible US Export Control Breach: Taipei, Taiwan - Economy Minister Kuo Jui-ying (郭智輝) on Wednesday defended global foundry giant Taiwan Semiconductor Manufacturing ...; Ana Fernanda Reporter 2025.04.10

Jinwon Trading Proposes Spring Table with Vietnamese 'Pink Pomelo': On Thursday, April 10th, Jinwon Trading and Lotte Mart held a photo event at Lotte Mart's Jamsil branch to introduce Vietnamese 'P ...; KO YONG-CHUL Reporter 2025.04.10

Actor Jung Tae-woo, Honorary Ambassador for the World Korean Business Convention: "Now is the Time to Leap Forward with the Hansang Economic Sphere": The Overseas Koreans Agency (Commissioner Lee Sang-deok) released a promotional video for the 23rd World Korean Business Conventio ...; KO YONG-CHUL Reporter 2025.04.10

Chilean Pisco Concludes Successful U.S. Market Tour, Poised to Lead Global Cocktail Trends: NEW YORK, NY and BOSTON, MA – The unique character and rich heritage of Chilean Pisco took center stage during a recent and ...; Sharon Yoon Correspondent 2025.04.10

WTO Warns of Up to 80% Plunge in US-China Trade Amid Escalating Tensions: Geneva - The World Trade Organization (WTO) has issued a stark warning, indicating that the escalating trade conflict between the ...; ONLINE TEAM 2025.04.10

ADEC Celebrates 30 Years of Fostering Entrepreneurship, Highlighting Social Responsibility and Sustainability: ASUNCIÓN, Paraguay – The esteemed ADEC Awards, hosted by the Christian Association of Business Leaders (ADEC), is poi ...; Yim Kwangsoo Correspondent 2025.04.09

Singapore Expected to Ease Monetary Policy Amid US-China Trade Tensions: Singapore - Faced with a darkening economic outlook stemming from the United States' imposition of tariffs on key trading partners ...; Desk 2025.04.09

McDonald's Renews Philippines Franchise Agreement Until 2045: MANILA, Philippines - Global fast-food giant McDonald's has renewed its master franchise agreement in the Philippines, extending i ...; KO YONG-CHUL Reporter 2025.04.09

Brazil's State-Run Oil Giant Petrobras Unlikely to Lower Diesel Prices Despite Energy Minister's Request: RIO DE JANEIRO, BRAZIL – Magda Chambriard, the Chief Executive Officer of Brazil's state-run oil company Petroleo Brasileiro ...; Ana Fernanda Reporter 2025.04.09