Global Economic Times

2026.06.05 (Fri)
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South Korea’s Top Five Automakers Suffer Broad May Sales Decline Amid Weakening Domestic Demand and Global Headwinds

SEOUL — South Korea’s five major domestic automakers experienced a coordinated downturn in performance last month, reporting a contraction across both domestic sales channels and internati
Chinese Humanoid Robotics Pioneer Unitree Clears Shanghai IPO Hurdle to Raise $580 Million

In a monumental milestone for the global robotics ecosystem, Unitree Robotics, one of China’s most prominent humanoid robotics developers, has successfully cleared the regulatory hurdles require

Hyundai Motor Bets on ‘The New Grandeur’ to Jumpstart Sluggish Domestic Sales

SEOUL — Hyundai Motor Company is turning to its iconic flagship sedan, the Grandeur, to spearhead a rebound in its domestic performance after experiencing a sharp decline in sales last month. Wh

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Macrogen Completes Songdo Global Genome Center, Launching a Global Hub for AI-Driven Precision Medicine: SONGDO, South Korea — Macrogen, a leading global genomic analysis corporation, officially announced on Wednesday the grand o ...; Global Economic Times Reporter 2026.06.03

KEPCO Secures 2.1 Trillion Won Jafurah Phase 2 Project in Saudi Arabia, Boosting Middle East Expansion: SEOUL — Korea Electric Power Corporation (KEPCO) has successfully secured a major contract for the Phase 2 Jafurah cogenerat ...; KO YONG-CHUL Reporter 2026.06.03

Surging Memory Prices Weigh Heavily on Samsung and LG Electronics' Production Costs: The relentless surge in memory semiconductor pricing has dealt a severe blow to the manufacturing margins of South Korea’s l ...; Global Economic Times Reporter 2026.06.01

Kakao Union to Launch Partial Strike on June 10, Demanding End to Restructuring: The Kakao branch of the Korean Chemical, Textile, and Food Workers' Union (Kakao Union) announced on June 1 that it will embark on ...; Global Economic Times Reporter 2026.06.01

Samsung Electro-Mechanics Shifts Focus to AI Servers and Automotive Sectors, Boosting High-Value Components Business: Massive push into ultra-high-voltage MLCCs for EVs, 8MP cameras for autonomous driving, and next-gen FCBGA substrates for AI datac ...; Hwang Sujin Reporter 2026.05.28

Department Stores Surge as Hypermarkets Struggle: The Deepening Polarization of Retail Consumption: South Korea’s consumer spending is experiencing a structural revival, yet the benefits are being distributed unevenly across ...; Global Economic Times Reporter 2026.05.27

Business Sentiment Hits 43-Month High as Supply Chains Ease and Exports Surge: SEOUL — South Korea’s corporate sentiment jumped to its highest level in nearly three and a half years in May, fueled ...; Hwang Sujin Reporter 2026.05.27

MUSINSA Reaches Historic High in Q1 2026 Driven by Global Push and Offline Expansion: SEOUL — Musinsa, South Korea’s top fashion platform currently preparing for an Initial Public Offering (IPO), announce ...; Desk 2026.05.27

‘600 Million Won Bonus’ at Samsung Electronics Triggers Deep Sense of Relative Deprivation Among Korean Workers: Unprecedented Payouts: Samsung Electronics' Memory Division employees expect a massive 600-million-won performance bonus.National ...; Global Economic Times Reporter 2026.05.23

EV Sales Surge in Domestic Market While Exports Suffer Amid Prolonged Middle East Risks: SEOUL — South Korea’s domestic electric vehicle (EV) market experienced an unprecedented boom last month, driven by so ...; KO YONG-CHUL Reporter 2026.05.21

South Korea’s Mid-May Exports Hit Record High of $52.7 Billion, Propelled by Semiconductor Boom: SEOUL — South Korea’s exports during the first 20 days of May surged to a historic high for the period, driven by an e ...; Global Economic Times Reporter 2026.05.21

Samsung Electronics Narrowly Avoids Strike with Landmark Compensation Deal: SUWON, South Korea — Samsung Electronics management and its labor union have reached a dramatic tentative agreement on wage ...; KO YONG-CHUL Reporter 2026.05.21

Chinese Semiconductor Hub Shanghai Courts South Korean Suppliers to Bypass U.S. Tech Blockade: SEOUL — Amid intensifying pressure from United States supply chain restrictions, China's semiconductor industry is aggressiv ...; Global Economic Times Reporter 2026.05.19

Will Samsung Finally Unlock the Smart Glasses Era After a Decade of Anticipation?: SEOUL — The smart glasses market is showing signs of a major revival after more than a decade of stagnation. Industry observ ...; Kim Sungmoon Reporter 2026.05.19

Samsung Electronics Q1 Salaries Hit Record High, Averaging $9,000 a Month: SEOUL — Employees at Samsung Electronics received an average gross compensation of approximately 36 million won ($27,000 USD ...; Desk 2026.05.19

Mercedes-Benz Korea Opens Pre-Orders for Flagship Luxury: The New S-Class and Maybach S-Class Prepare for Domestic Takeover: SEOUL, South Korea — Mercedes-Benz Korea officially initiated its domestic campaign for the pinnacle of automotive luxury to ...; Global Economic Times Reporter 2026.05.18

Man vs. Machine: Human Worker Edges Out Figure 03 Humanoid in Grueling 10-Hour Warehouse Showdown: Silicon Valley — In a highly anticipated demonstration of the rapidly evolving capabilities of artificial intelligence and r ...; Global Economic Times Reporter 2026.05.18

Targeting the $360 Billion Nuclear Decommissioning Market: South Korea Takes Lead in Establishing World-First International Standards: SEOUL — In a landmark shift that fundamentally alters the landscape of the global nuclear energy industry, South Korea has s ...; Global Economic Times Reporter 2026.05.18

The Unstoppable Semiconductor Rally: Why This 'Crazy' Surge Might Last Longer Than Expected Despite Overheating Fears: The global stock market is currently witnessing a "semiconductor rally" of historic proportions. As artificial intelligence (AI) t ...; Kim Sungmoon Reporter 2026.05.11

Samsung Electronics Shifts Strategy in China: Moving from Hardware Sales to Platform-Based Business: SEOUL – Samsung Electronics is undertaking a major restructuring of its home appliance business in China, marking a signific ...; Global Economic Times Reporter 2026.05.08

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