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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C-commerce offensive intensifies, Chinese direct purchases exceed 60% of Korean market: Chinese e-commerce, represented by 'Ali·Te·Shi' (AliExpress, Temu, Shein), continues to expand its presence in Korea ...; Hwang Sujin Reporter 2025.02.11

DBS Rewards Staff with Second Bonus After Record-Breaking Year: DBS Group announced on Monday (Feb 10) a second round of bonuses for its employees following a record-breaking financial performan ...; Ana Fernanda Reporter 2025.02.11

Korean Air Takes Top Spot as Airline of the Year 2025, Thanks to Spacious Seating: Korean Air has ascended to the pinnacle of aviation, earning the title of Airline of the Year for 2025, as declared by AirlineRati ...; KO YONG-CHUL Reporter 2025.02.11

Trump's Tariffs Threaten South Jeolla Province's Booming Agricultural Exports: South Jeolla Province, a region in South Korea, has recently seen a surge in agricultural and fisheries exports, driven by the K-f ...; Yim Kwangsoo Correspondent 2025.02.11

Gwangju City Increases Financial Support for Small and Medium-sized Enterprises to 270 Billion Won: Gwangju Metropolitan City has announced that it will provide 270 billion won in financial support to small and medium-sized enterp ...; ONLINE TEAM 2025.02.11

Kyobo Life's Put Option Disputes: Will Affinity Follow Affirma's Lead?: Seoul – The resolution of Kyobo Life Insurance's long-standing put option dispute with Affirma Capital has ignited speculati ...; Min Gyu Mi Reporter 2025.02.11

South Korea's Early February Trade Shows Slight Export Growth Amidst Semiconductor Rebound: SEOUL – South Korea's exports saw a modest 0.8 percent increase year-on-year in the first 10 days of February, reaching $14. ...; JEONG CHAN MYEONG Senior Reporter 2025.02.11

Korean Exporters Brace for Potential US Tariff Fallout: SEOUL – Korean businesses are preparing for potential disruptions to their U.S. sales as the specter of increased tariffs lo ...; Hee Chan Kim Reporter 2025.02.11

Lotte Wellfood Opens Massive New Manufacturing Plant in India: PUNE, INDIA – Lotte Wellfood, the South Korean confectionery giant, has officially opened its new state-of-the-art manufactu ...; Ana Fernanda Reporter 2025.02.11

Temu Gears Up for Direct Entry into Korean E-commerce Market: SEOUL – Chinese e-commerce platform Temu, owned by PDD Holdings, is reportedly accelerating its preparations for a direct en ...; Yim Kwangsoo Correspondent 2025.02.11

Maserati's South Korean Dream Falters as Luxury Rivals Steal the Show: Seoul – Maserati's ambitious push into the South Korean luxury car market is hitting a roadblock, with sales figures paintin ...; Hwang Sujin Reporter 2025.02.11

Korean Budget Coffee Chains Feel the Heat as Bean Prices Soar: SEOUL – The rising cost of coffee beans worldwide is finally hitting South Korea's fiercely competitive budget coffee market ...; Desk 2025.02.11

POSCO International's Website Wins Top Honors at iNova Awards: SEOUL – POSCO International's newly revamped website has garnered international recognition, winning the prestigious Grand A ...; Global Economic Times Reporter 2025.02.11

Shinhan Card Launches 'The BEST-X', a Premium Card with Enhanced Benefits: Shinhan Card has introduced 'The BEST-X', a premium credit card that offers a wide range of benefits to attract high-spending cust ...; Desk 2025.02.10

Ecovacs Sold Out All Prepared Quantity of New Robot Cleaner 'Deebot X8 Pro Omni' in Naver Shopping Live: Ecovacs announced on the 7th that it had sold out all the prepared quantity of its new robot cleaner 'Deebot X8 Pro Omni' in Naver ...; Hee Chan Kim Reporter 2025.02.10

LG Electronics to Showcase Advanced HVAC Solutions at AHR Expo 2025: ORLANDO, FL – LG Electronics (CEO Cho Joo-wan) is set to make a significant splash at the AHR Expo 2025, the largest HVAC ex ...; PETER KO 2025.02.10

Applied Materials Korea to Showcase Next-Gen Semiconductor Technology at Semicon Korea 2025: Applied Materials Korea, led by CEO Park Gwang-sun, will participate in 'Semicon Korea 2025' held at COEX in Seoul from February 1 ...; Global Economic Times Reporter 2025.02.10

Korbit Launches Non-Custodial 'Korbit Web3 Wallet': Korbit, a leading cryptocurrency exchange in South Korea, announced the launch of its non-custodial individual wallet, the 'Korbit ...; Global Economic Times Reporter 2025.02.10

Samsung Securities: "Tariff threat back on the table this week": Samsung Securities announced on the 10th that unlike last week, when concerns about the trade war eased, this week's financial mar ...; Desk 2025.02.10

Woori Bank Resumes Credit Loan Sales After 3 Months... Expands Preferential Interest Rates: Woori Bank has resumed sales of credit loan products, which were temporarily suspended for household loan management, after about ...; Global Economic Times Reporter 2025.02.10