Global Economic Times

2026.07.20 (Mon)
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Zeekr Celebrates 5th Anniversary by Setting New Guinness World Record for Electric Vehicle Drifting

SEOUL — Zeekr, the premium electric vehicle (EV) brand under China's Geely Holding Group, has marked its fifth anniversary with a historic milestone. The company announced on July 17 that it
Robots Preserving the Taste of Kyochon’s ‘Honey Combo’: Automated Frying and Batter Dispensing Expand Nationwide

SEOUL — Kyochon F&B, the operator of South Korea's pioneer fried chicken franchise Kyochon Chicken, is rapidly expanding the integration of collaborative cooking robots and automated bat

South Korea Sets 2027 Minimum Wage at 10,700 KRW per Hour, Rebounding to 3.7% Increase After Intense Negotiations

SEJONG — South Korea’s minimum wage for 2027 has been officially finalized at 10,700 KRW (approximately $7.80 USD) per hour, marking a 3.7% increase (380 KRW) from the 2026 rate of 10,320

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US Pivots to 'Friend-Shoring' for Robotics Supply Chain: Expanding Horizons for Hyundai Motor Group: [SEOUL] — The United States is actively reorganizing its advanced robotics supply chain around trusted allies and strategic ...; Kim Sungmoon Reporter 2026.07.13

'The Jae-Chul Ryu Magic': LG Electronics Hits New Milestones in Q2 Performance: SEOUL — Amidst global economic headwinds and persistent geopolitical uncertainty, LG Electronics has achieved a historic sec ...; Kim Young Min Reporter 2026.07.08

Automation Drives Quality: A Look Inside Hanwha Aerospace’s Smart Engine Factory: CHANGWON, South Korea — In the high-stakes world of aerospace, where a single minute error can be catastrophic, Hanwha Aeros ...; KO YONG-CHUL Reporter 2026.07.08

Samsung Electronics Surpasses NVIDIA to Become Global Leader in Quarterly Operating Profit: SEOUL — Samsung Electronics has officially ascended to the top of the global corporate ladder in terms of quarterly operatin ...; Global Economic Times Reporter 2026.07.08

South Korea Unveils Bold Space Ambitions: Aiming for Sovereign Low-Orbit Satellite Network by 2035: SEOUL — The South Korean government has announced an ambitious "Space and Aerospace Industry Development Strategy," aimed at ...; KO YONG-CHUL Reporter 2026.07.04

LG Energy Solution-Honda Joint Venture Commences ESS Battery Cell Mass Production in the U.S.: JEFFERSONVILLE, Ohio — L-H Battery Company, the joint venture between LG Energy Solution and Honda, announced on July 3 that ...; Eunsil Ju Reporter 2026.07.04

Hanwha Announces 55 Trillion Won Investment to Propel South Korea as a Global AI Space Powerhouse: In a bold move to establish South Korea as a global leader in AI and aerospace, Hanwha Group announced on July 3rd that it will in ...; Kim Sungmoon Reporter 2026.07.04

South Korea to Implement Facial Recognition for Mobile Phone Activation Starting July 6: SEOUL — Starting July 6, South Koreans will be required to undergo a facial recognition verification process when activating ...; Hwang Sujin Reporter 2026.07.01

Wemade’s Founder Exits: Chinese Investment Firm NeoPulse Becomes Largest Shareholder in 920 Billion Won Mega-Deal: In a monumental shift that marks the end of an era for one of South Korea’s most prominent game developers, Park Kwan-ho, th ...; Ana Fernanda Reporter 2026.07.01

The Rising Cost of Play: Is Gaming Becoming an Exclusive Luxury?: Gaming, once considered an accessible form of entertainment, is rapidly transforming into a "luxury hobby" that demands a signific ...; Global Economic Times Reporter 2026.07.01

Resurgence in the Gaming Market: How Korean Developers Master the 'Chart Reversal' Through Strategic Content: The South Korean gaming industry, long a global powerhouse in live-service operations, is demonstrating a renewed vigor. By levera ...; Hwang Sujin Reporter 2026.06.29

HD Hyundai Electric’s Cheongju Campus: A Paradigm Shift in Smart Manufacturing for the AI Era: CHEONGJU, South Korea — In the rapidly evolving landscape of global energy infrastructure, HD Hyundai Electric is charting a ...; Desk 2026.06.29

The “AI-flation” Crisis: Memory Shortage Threatens Consumer Tech Ecosystem: The global technology industry is facing a monumental challenge as an unprecedented surge in demand for AI infrastructure triggers ...; Desk 2026.06.29

President Lee Challenges Opposition Claims Regarding Honam Semiconductor Cluster: SEOUL — President Lee Jae-myung has launched a direct counteroffensive against the People Power Party (PPP), which has chara ...; Hwang Sujin Reporter 2026.06.29

President Lee Jae-myung Unveils "Three Major Mega-Projects" to Drive National Leap Forward; Massive Honam Semiconductor Investment Announced: SEOUL – President Lee Jae-myung is set to preside over the "National Report Meeting on the Three Major Mega-Projects for Kor ...; KO YONG-CHUL Reporter 2026.06.29

Kia’s Strategic Pivot: Accelerating Electrification Through SDV, PBV, and EREV Innovation: At the 2026 Busan Mobility Show held on June 26, Kia Corporation unveiled a comprehensive future mobility strategy centered on thr ...; Hwang Sujin Reporter 2026.06.27

Hyundai Motor Prioritizes "Customer Experience" Over Pricing: Aiming for Lifelong Loyalty with the New Avante: BUSAN, South Korea — At the 2026 Busan Mobility Show held at BEXCO on June 26, José Muñoz, President and CEO o ...; KO YONG-CHUL Reporter 2026.06.27

Incheon Port Authority Overhauls Incentive Program to Boost Cargo Throughput: The Incheon Port Authority (IPA) has announced a significant restructuring of its long-standing incentive program, aiming to reinv ...; KO YONG-CHUL Reporter 2026.06.24

Supply Chain Hacking Alert: Tata Electronics Breach Exposes Sensitive Apple and Tesla Data: In a stark reminder of the mounting vulnerabilities within global technology supply chains, Tata Electronics, a key partner respon ...; Global Economic Times Reporter 2026.06.24

A New Era for the KOSPI: SK Hynix Surpasses Samsung Electronics as Top Market Cap Company: In a historic shift for the South Korean stock market, SK Hynix has overtaken Samsung Electronics to become the largest company on ...; ONLINE TEAM 2026.06.22

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