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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Bank Branches on the Decline as Digital Banking Gains Ground: Seoul, South Korea – The number of bank branches in South Korea has continued to shrink, with over 50 branches closing in th ...; Global Economic Times Reporter 2025.01.11

Governor Kim Secures Major Investment from Corning in South Korea: Aosan, South Korea – Governor Kim Tae-heum of South Chungcheong Province has secured a significant investment from Corning I ...; HONG MOON HWA Senior Reporter 2025.01.11

Chungcheongnam-do Governor Promotes Investment in South Korea at Global Top Brands Awards: Las Vegas, Nevada – Chungcheongnam-do Governor Kim Tae-heum has been actively promoting investment opportunities in the Sout ...; HONG MOON HWA Senior Reporter 2025.01.11

LG Chem Expands Aesthetic Business in Thailand: SEOUL, South Korea – LG Chem is strengthening its market position in Thailand’s aesthetic market. The company announce ...; KO YONG-CHUL Reporter 2025.01.11

Small Businesses in South Korea Face Mounting Challenges: Jeju, South Korea – A recent survey conducted by the Korea Federation of SMEs has revealed a bleak outlook for South Korea's ...; Desk 2025.01.10

South Korean Construction Firms Achieve Historic Milestone: $1 Trillion in Overseas Orders: Seoul, South Korea – South Korean construction companies have reached a significant milestone, surpassing $1 trillion in cum ...; Desk 2025.01.10

Starbucks Korea Collaborates with MU:DS to Launch Products Inspired by Joseon Dynasty Artifacts: Seoul, South Korea – January 10, 2024 – Starbucks Korea has announced a collaboration with the National Museum of Kore ...; Desk 2025.01.10

Samsung Electronics Soars Despite Earnings Shock, Fueled by Foreign Investors: Seoul, South Korea – Samsung Electronics, the world’s largest memory chipmaker, saw its shares surge over 3% on Wednes ...; Desk 2025.01.10

Hyundai Motor Securities Clears Hurdle for 200 Billion Won Capital Increase: Seoul, South Korea – Hyundai Motor Securities has successfully obtained regulatory approval for its planned 200 billion won ...; Global Economic Times Reporter 2025.01.10

Naver Pay's Overseas QR Payment Surges 7.7 Times in 2024: Seoul, South Korea – Naver Pay, South Korea's leading mobile payment service, announced today that its overseas QR payment s ...; Global Economic Times Reporter 2025.01.10

CRDB Bank Launches School Fee Loans for Tanzanian Students: Dar es Salaam - CRDB Bank has introduced "Ada Fasta" school fee loans to assist parents and guardians in meeting the educational n ...; Hee Chan Kim Reporter 2025.01.09

Bank of Tanzania Holds Key Rate Steady, Signaling Economic Confidence: Dar es Salaam - The Bank of Tanzania (BoT) has maintained its central bank rate (CBR) at 6.0 percent for the third consecutive qua ...; Hee Chan Kim Reporter 2025.01.09

Dar es Salaam Embraces CNG for BRT Phase II, Promising Economic and Environmental Gains: Dar es Salaam, Tanzania - The Dar es Salaam Rapid Transit (DART) agency has taken a significant step towards a greener and more co ...; Hee Chan Kim Reporter 2025.01.09

Former Officials Dominate Corporate Boards in South Korea: Seoul, South Korea – A recent study by the Leaders Index has revealed a significant surge in the number of former government ...; Global Economic Times Reporter 2025.01.09

South Korean Small Businesses Face Bleak Outlook Amid Economic Turmoil: Seoul, South Korea – A recent survey conducted by the Korea Federation of SMEs has revealed a dire outlook for South Korea's ...; Global Economic Times Reporter 2025.01.09

Egyptian Engineering Exports Surge 21.6% in First 10 Months of 2024: Cairo - Egyptian engineering exports have surged in the first ten months of 2024, reaching $4.392 billion, a significant 21.6% inc ...; Eugenio Rodolfo Sanabria Reporter 2025.01.08

South Korean MSPs Accelerate Global Expansion: Seoul, South Korea – South Korean Managed Service Providers (MSPs) are rapidly expanding their global footprint, driven by t ...; JEONG CHAN MYEONG Senior Reporter 2025.01.08

Revised Security Services Act to Allow Expanded Duties for Security Guards: Seoul, South Korea – A revised Security Services Act, which came into effect on July 7, will allow security guards in reside ...; Global Economic Times Reporter 2025.01.08

South Korea Seeks to Improve Working Conditions for Apartment Complex Employees: Seoul, South Korea – A new bill has been introduced in the South Korean National Assembly aimed at improving the working con ...; Hwang Sujin Reporter 2025.01.08

Seoul Launches Discounted Gift Certificates to Boost Local Economy: Seoul, South Korea – The Seoul Metropolitan Government has announced the early release of 750 billion won worth of "Seoul Lo ...; Global Economic Times Reporter 2025.01.08