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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Aswan International Painting Symposium Fosters Global Artistic Dialogue: Aswan, Egypt – The Aswan International Painting Symposium has commenced, showcasing the diverse talents of 26 world-renowned ...; Graciela Maria Reporter 2025.02.18

Emaar Invests $3 Billion in New Cairo Project, Calls for Expansion of Egypt's Hospitality Sector: Dubai, UAE – Emaar Properties, the UAE's largest real estate developer, is investing over $3 billion in a new 500-acre devel ...; Ana Fernanda Reporter 2025.02.18

Kia Unveils Striking Design of its First Electric Sedan, the EV4: Kia has revealed the exterior design of its highly anticipated EV4, the brand's first electric sedan. Following the successful lau ...; Global Economic Times Reporter 2025.02.18

Lexus to Launch LX 700h Flagship SUV in Korea: SEOUL – Lexus has announced that it will begin pre-orders for its highly anticipated LX 700h flagship SUV on February 17th, ...; Hwang Sujin Reporter 2025.02.18

Ford Unveils Two New Supercharged V8 Crate Engines: Ford has announced the release of two new supercharged V8 crate engines designed to meet the growing demand for high-performance e ...; Global Economic Times Reporter 2025.02.18

AutoInside Launches 'Home Service' for Used Car Delivery: SEOUL, South Korea – AutoHands, a leading mobility service provider, announced on February 18th the launch of its new "Home ...; KO YONG-CHUL Reporter 2025.02.18

South Korea's January Auto Exports Dip Amidst Holiday Season and Base Effect: Seoul – South Korea's automobile exports experienced a downturn in January, according to data released by the Ministry of Tr ...; KO YONG-CHUL Reporter 2025.02.18

Retirement pension default option system, assets increased by 219% YoY: According to the Financial Supervisory Service's (FSS) announcement on the retirement pension default option system for the fourth ...; Global Economic Times Reporter 2025.02.18

South Korea Unveils Sweeping Export Support Package to Counter Trade Challenges: Seoul, South Korea – The South Korean government has announced a comprehensive set of emergency measures to bolster exports ...; Hwang Sujin Reporter 2025.02.18

Coupang Eats Announces New Commission Structure for Merchants: Coupang Eats, a major food delivery platform in South Korea, has announced a new commission structure for its merchants, set to ta ...; Hwang Sujin Reporter 2025.02.18

Chinese E-commerce Giants Accelerate Expansion into Korean Market: The anticipated acceleration of Chinese e-commerce companies' expansion into the Korean market is becoming a reality. Alibaba Grou ...; KO YONG-CHUL Reporter 2025.02.18

Seocheon Moshi Rice Cake Makes Its Debut in the Middle East Market!: On the 17th, a shipping ceremony was held at Gosurok Food Farming Association Corporation in Biin-myeon, Seocheon-gun, to export f ...; HONG MOON HWA Senior Reporter 2025.02.18

Golfzon's 'City Golf' hybrid golf course attracts attention in China: Golfzon's 'City Golf', an urban hybrid golf course that combines the advantages of screen golf and field golf, has been attracting ...; Yim Kwangsoo Correspondent 2025.02.18

Nikkei Edges Up Amidst Economic Growth and Tariff Threats: TOKYO – Japan’s Nikkei share average eked out a small gain on Monday, navigating a choppy session influenced by strong ...; Desk 2025.02.17

Air Premia Achieves Record-Breaking Financial Results, Marking First Annual Net Profit: SEOUL – Air Premia, a South Korean hybrid airline, announced on February 17th that it achieved its highest-ever revenue and ...; KO YONG-CHUL Reporter 2025.02.17

Indonesia Cancels Government Integrated Data Center Project with South Korea: Seoul – In a surprising turn of events, Indonesia has decided to cancel its planned government integrated data center projec ...; Yim Kwangsoo Correspondent 2025.02.17

Nongshim to quadruple European sales by 2030: Nongshim establishes a European corporation and builds a business base to target the European market. Nongshim announced on Ma ...; KO YONG-CHUL Reporter 2025.02.17

South Korean Gas Exploration Project Falters, Stocks Plummet: SEOUL – Shares of companies associated with the "Great Whale Project," a highly touted gas exploration venture in South Kore ...; KO YONG-CHUL Reporter 2025.02.17

AI-powered genetic diagnosis system to play key role in rapid analysis: SEOUL – 3billion, a South Korean genetic analysis company, has announced a partnership with AstraZeneca Korea to accelerate ...; Global Economic Times Reporter 2025.02.17

S-Oil's $7 Billion Shahin Project on Track for Completion in 2025: Ulsan, South Korea – S-Oil, a leading South Korean oil refiner, announced that its $7 billion Shahin Project is progressing ...; ONLINE TEAM 2025.02.17