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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Taian International Horticultural Healing Expo Bolsters Global Recognition Organizing Committee Appoints 47 Overseas PR Ambassadors at AIPH Spring Meeting in Thailand: Taian, South Korea – The organizing committee for the 2026 Taian International Horticultural Healing Expo has taken a signif ...; HONG MOON HWA Senior Reporter 2025.02.14

Banks Accelerate 'Branch Diet', Focusing on Efficiency and Digital Services: Banks are rapidly reducing the number of their physical branches to improve efficiency by cutting costs and strengthening their no ...; Hwang Sujin Reporter 2025.02.14

LG Innotek to Showcase Innovative Vehicle Lighting Technology at DVN Lighting Workshop: SEOUL – LG Innotek announced on February 12th that it will be participating in the 34th DVN Lighting Workshop in Munich, Ger ...; KO YONG-CHUL Reporter 2025.02.13

Shinsegae Department Store's Sweet Park Celebrates First Anniversary with Dessert Festival: Shinsegae Department Store announced on the 13th that its dessert specialty hall, Sweet Park, located in its Gangnam branch, has c ...; Hwang Sujin Reporter 2025.02.13

Hyundai surpasses Toyota in Brazil's car sales, ranking 4th: Hyundai Motor has overtaken Toyota in car sales in the Brazilian market, rising to 4th place. According to the automotive industr ...; Graciela Maria Reporter 2025.02.12

Yuhan Corporation Achieves Record Sales of 2 Trillion KRW: Yuhan Corporation announced on February 12th that its consolidated sales for the past year were provisionally estimated at 2,067.8 ...; Desk 2025.02.12

T'way Air Opens Recruitment for Experienced Pilots: T'way Air announced on the 12th that it will be recruiting experienced flight attendants through the official T'way Air recruitmen ...; KO YONG-CHUL Reporter 2025.02.12

Meta in Talks to Acquire Korean AI Chip Startup FuriosaAI: Meta Platforms is reportedly in discussions to acquire FuriosaAI, a South Korean AI chip design startup. The acquisition could hel ...; Sharon Yoon Correspondent 2025.02.12

Incheon and Lotte World Partner to Boost Foreign Tourism: Incheon, South Korea – The Incheon Tourism Organization and Lotte World have announced a strategic partnership aimed at attr ...; Global Economic Times Reporter 2025.02.12

Yanolja and CJ OliveNetworks Partner to Offer Enhanced Point Accumulation Benefits: Seoul, South Korea – Yanolja, a leading travel platform operated by NOL Universe, has announced a new partnership with CJ Ol ...; Hwang Sujin Reporter 2025.02.12

Woongjin County Launches Initiative to Ease Delivery Costs for Island Residents: INCHEON – Residents of Woongjin County's islands will soon receive some relief from high delivery fees, thanks to a new init ...; Hwang Sujin Reporter 2025.02.12

Incheon IP Center to Support SMEs with '2025 IP Narae Program': INCHEON – The Incheon Intellectual Property Center of the Incheon Chamber of Commerce and Industry is launching the '2025 IP ...; Min Gyu Mi Reporter 2025.02.12

Valentine's Day Trends: Practical Gifts and Character Goods in Focus Amidst Economic Downturn: The prolonged economic challenges of high prices, high oil costs, and high exchange rates are impacting even the way couples expre ...; Hwang Sujin Reporter 2025.02.12

Incheon Invests 17.2 Billion Won to Revitalize Traditional Markets: Incheon, South Korea – Incheon City has announced a significant investment of 17.2 billion won (approximately 13 million USD ...; Min Gyu Mi Reporter 2025.02.12

GS25 and Musinsa Join Forces to Sell 'Musinsa Standard' Clothing at Convenience Stores: GS25, a major convenience store chain in South Korea, has announced a strategic partnership with Musinsa, the country's leading on ...; Hwang Sujin Reporter 2025.02.12

Korean Securities Gain Momentum Amidst Value-Up Plan and Dividend Expectations: Securities stocks in Korea are gaining momentum. Following the recent earnings announcements where several brokerage firms reporte ...; Global Economic Times Reporter 2025.02.12

South Korean Listed Companies Ramp Up Share Buybacks and Cancellations in 2024: SEOUL – South Korean listed companies have significantly increased their share buyback and cancellation activities in 2024, ...; Global Economic Times Reporter 2025.02.12

Bitcoin's Identity Crisis: Digital Gold or Risky Asset?: Bitcoin has been trading sideways around the $100,000 mark for the past three months, sparking a debate about its true nature as a ...; ONLINE TEAM 2025.02.12

Senior Citizens and Those with Pre-existing Conditions to Gain Access to Health Insurance: Seoul, South Korea – Starting this April, elderly individuals aged 90 and above, as well as those with pre-existing health c ...; KO YONG-CHUL Reporter 2025.02.12

Dongwon F&B Achieves Significant Profit Growth in 2024, Driven by Overseas Exports: SEOUL – Dongwon F&B, a leading South Korean food company, announced on February 11th that it has achieved significant pr ...; ONLINE TEAM 2025.02.11