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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OpenAI Partners with KDB Industrial Bank to Boost South Korea's AI Ecosystem: Seoul, South Korea – OpenAI, the company behind ChatGPT, has signed a Memorandum of Understanding (MOU) with the Korea Devel ...; Global Economic Times Reporter 2024.11.27

52 South Korean Conglomerates Struggle to Cover Interest Payments: Seoul, South Korea – A recent study has revealed that 52 of South Korea's largest conglomerates were unable to cover their i ...; Global Economic Times Reporter 2024.11.27

Cola Gaza: A Sip of Solidarity for Palestine: London, UK – A new soft drink, Cola Gaza, has emerged as a symbol of Palestinian solidarity and resistance, challenging glob ...; Eugenio Rodolfo Sanabria Reporter 2024.11.26

Automakers Invest in Training to Enhance Customer Service: As the automotive industry undergoes rapid transformation, driven by the rise of electric vehicles and increasingly demanding cons ...; Hwang Sujin Reporter 2024.11.25

Asiana Airlines Discontinues Coat Check Service, While Korean Air Continues: Seoul, South Korea – Asiana Airlines has announced that it will discontinue its popular winter coat check service, leaving t ...; Desk 2024.11.25

Kazakhstan and Mongolia Strengthen Economic Ties: Astana/Ulaanbaatar – In a significant move to boost economic cooperation, Kazakh President Kassym-Jomart Tokayev visited Mon ...; Eugenio Rodolfo Sanabria Reporter 2024.11.25

Hawker Center Dispute: Customer Accuses Vendor of Rude Behavior: A dispute has erupted in Singapore after a customer accused a hawker vendor of rude behavior. Tan, a local resident, had placed a ...; Graciela Maria Reporter 2024.11.24

Customer Experience Management: A Growing Priority for Businesses: As businesses recognize the pivotal role of customer experience in driving brand loyalty and sustainable growth, the demand for ef ...; Desk 2024.11.23

Uruguay and Portugal Launch Youth Exchange Program with Special Work Visa: Montevideo – In a move to foster cultural exchange and provide opportunities for young people, the governments of Uruguay an ...; Pedro Espinola Special Correspondent 2024.11.23

Argentina to Implement Electronic Ear Tags for Cattle: Argentina is set to mandate the use of electronic ear tags for cattle starting March 2025. This initiative aims to enhance transpa ...; Eugenio Rodolfo Sanabria Reporter 2024.11.23

US Multinational to Invest $700 Million in Paraguay's Green Ammonia Production: Go-Energy Group, a US multinational corporation, has announced a $700 million investment to construct a green ammonia production f ...; Graciela Maria Reporter 2024.11.23

Kimchi Exports Soar Amidst Global Popularity and Cultural Appropriation Claims: Seoul, South Korea – Kimchi, Korea’s iconic fermented cabbage dish, is experiencing a surge in global popularity, with ...; LEE YEON SIL Reporter 2024.11.22

Atopalm, a South Korean skincare brand specializing in sensitive skin, makes its debut in Singapore’s largest retail chain, FairPrice: Neopharm, the parent company of Atopalm, announced that its sensitive skin skincare brand, Atopalm, has entered into a partnership ...; Eugenio Rodolfo Sanabria Reporter 2024.11.21

Korean Air Launches Special Flights for Frequent Flyers Using Miles: SEOUL, South Korea – Korean Air has announced the launch of special flights between Seoul and Jeju Island exclusively for pa ...; Hwang Sujin Reporter 2024.11.21

CJ CheilJedang to Invest $8 Billion in New Food Production Facilities in Europe and the US: SEOUL, South Korea – CJ CheilJedang, South Korea's largest food and biotechnology company, is set to invest approximately $8 ...; KO YONG-CHUL Reporter 2024.11.21

Hanwha Group Chairman Emphasizes R&D for Global Leadership in Shipbuilding: Seoul, South Korea – Kim Seung-yeon, chairman of Hanwha Group, visited the company’s shipbuilding subsidiary, Hanwha O ...; Desk 2024.11.20

Baek Jong-won Threatens to Relocate Yesan Market Amid Gentrification Concerns: Seoul, South Korea – Celebrity chef and restaurateur Baek Jong-won has threatened to relocate the popular Yesan Market if sk ...; Hwang Sujin Reporter 2024.11.20

Korean Laver Commands Record Prices amid Global Demand: Yeosu, South Korea – A new variety of Korean laver, "Haetbadi 1," has set a record price of 1 million won per bundle (120kg) ...; Hwang Sujin Reporter 2024.11.20

Max Streaming Service Launches in Taiwan, Intensifying Competition: Warner Bros. Discovery's streaming service, Max, has officially launched in Taiwan, marking its entry into the competitive Asian m ...; Graciela Maria Reporter 2024.11.20

Nepal and Germany Sign €10 Million Grant Agreement to Boost Power Distribution: Kathmandu, Nepal – The Government of Nepal and the Federal Republic of Germany have signed a €10 million (approximately ...; Pedro Espinola Special Correspondent 2024.11.20