Global Economic Times

2026.07.22 (Wed)
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KCCI Jeju Forum Opens: Chairman Chey Tae-won Urges Businesses to Catch the AI Wave Before It Becomes an Insurmountable Wall

JEJU ISLAND — Artificial Intelligence will serve as a revolutionary starting line for those who leap onto its wave early, but it will morph into an insurmountable wall for those who stand aside.
Hyundai Motor Group to Acquire 100% Stake in Boston Dynamics, Accelerating Humanoid and Physical AI Commercialization

Hyundai Motor Group is set to secure a 100% ownership stake in its U.S.-based robotics subsidiary, Boston Dynamics. The South Korean automotive and technology conglomerate announced on July 16 that it

Google Unveils ‘Full-Stack AI’ Strategy to Accelerate AI Transformation for South Korean Enterprises

SEOUL — Google has officially unveiled its comprehensive "Full-Stack AI Strategy" customized to support and fast-track the artificial intelligence transformation (AX) of South Korean

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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

AI Revolution: A Double-Edged Sword for the Job Market: The rapid advancement of artificial intelligence (AI) since 2007 has brought about a wave of both optimism and anxiety. While many ...; Ana Fernanda Reporter 2024.11.20

IPOs Drive Surge in South Korea's Equity Financing: Seoul, South Korea – South Korea saw a significant surge in equity financing in October, driven by a surge in Initial Public ...; Hwang Sujin Reporter 2024.11.18

Woori Bank Hit by Another Fraudulent Loan Scandal, Marking the Fourth Incident This Year: Seoul, South Korea – Woori Bank has once again been embroiled in a significant financial fraud scandal, marking the fourth s ...; KO YONG-CHUL Reporter 2024.11.17

HD Hyundai Accelerates Owner-Led Management with Jeong Ki-sun's Promotion: Seoul, South Korea - HD Hyundai has strengthened its owner-led management structure with the promotion of Jeong Ki-sun to Executiv ...; Hwang Sujin Reporter 2024.11.16

Samsung Electronics and Union Reach Tentative Labor Agreement Amidst Industry Rivalries: Seoul, South Korea - Samsung Electronics and the National Samsung Electronics Union (NSEU) have reached a tentative agreement on a ...; Hwang Sujin Reporter 2024.11.16

South Korea's Banking Sector Faces Growing Strain Amidst Rising Non-Performing Loans: Seoul, South Korea – South Korea's four largest financial groups have seen a significant surge in non-performing loans (NPLs ...; Desk 2024.11.16

Salmonella and E. coli Outbreaks Prompt Surge in Food Recalls: A recent spike in Salmonella and E. coli outbreaks across the United States has led to a surge in food recalls, with heightened co ...; Global Economic Times Reporter 2024.11.12

Starbucks Korea Introduces Digital Planner for the First Time in 22 Years: Seoul, South Korea – Starbucks Korea has announced the launch of a digital planner, marking a significant departure from its ...; Desk 2024.11.11

Daewoo Engineering & Construction Secures Major Fertilizer Plant Project in Turkmenistan: Seoul, South Korea - Daewoo Engineering & Construction (Daewoo E&C) announced today that its Chairman, Jung Won-ju, visite ...; Global Economic Times Reporter 2024.11.11

US economy growing despite voter angst: The US economy grew solidly in the three months to September, expanding at an annual rate of 2.8%. Despite there being a slight s ...; Global Economic Times Reporter 2024.11.09

Hyundai Engineering & Construction Secures Massive Bulgarian Nuclear Power Plant Project: Hyundai Engineering & Construction (Hyundai E&C) has won a bid to construct a new nuclear power plant in Bulgaria, marking ...; ONLINE TEAM 2024.11.06

Nexon to Expand Global Market with Strengthened IP Franchises: Nexon, celebrating its 30th anniversary this year, has announced plans to expand its global market presence by strengthening its i ...; Desk 2024.11.02

Microsoft Reports Strong Q3 Earnings, Fueled by AI Growth: Microsoft has reported better-than-expected third-quarter earnings, driven by strong growth in its cloud computing business. The c ...; Pedro Espinola Special Correspondent 2024.11.02

Sungsimdang makes ‘Daejeon bread’ with wheat grown directly… Planning a wheat field festival: Daejeon's famous Sungsimdang has launched a new business linking local agriculture and tourism. On the 1st, Sungsimdang signed a & ...; Hwang Sujin Reporter 2024.11.02