Global Economic Times

2026.07.21 (Tue)
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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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K-Beauty Sets Its Sights on Southeast Asia: A $11.1 Billion Market Opportunity by 2035: The South Korean cosmetics and beauty industry has identified Southeast Asia as its next major export frontier, following in the f ...; Hwang Sujin Reporter 2026.06.22

S. Korean Auto Industry Faces 'Triple Decline' in May, Despite Robust Growth in Eco-friendly Vehicles: SEOUL – South Korea's automotive industry experienced a rare "triple decline" in May, with production, exports, and domestic ...; Desk 2026.06.18

The Changing Landscape of K-Beauty Jobs: Big Names Shrink as ODM and Beauty-Tech Firms Lead Growth: SEOUL — The employment landscape within South Korea’s beauty industry is undergoing a rapid transformation, mirroring ...; KO YONG-CHUL Reporter 2026.06.18

Home Appliance Giants Pivot Toward Niche Markets to Drive Growth: SEOUL — The South Korean home appliance industry is undergoing a significant transformation. Faced with a maturing domestic ...; Yim Kwangsoo Correspondent 2026.06.16

South Korea’s Permanent Jobs Shrink for First Time in 26 Years: A Severe Blow to the 2030 Generation: SEOUL — South Korea’s labor market has hit a major roadblock as permanent employment contracted for the first time in ...; Hwang Sujin Reporter 2026.06.15

LX Pantos Steps Up Safety for Partners, Supplying New Functional Workwear to 100 Cooperating Companies: SEOUL — LX Pantos, a leading global logistics company, announced on Tuesday that it will supply newly designed summer workwe ...; Yim Kwangsoo Correspondent 2026.06.09

SK Chairman Chey Tae-won Proposes $7 Trillion Economic Integration Through Korea-Japan Alliance to Shift Toward a Low-Cost Structure: TOKYO — Chey Tae-won, Chairman of SK Group and Chairman of the Chey Institute for Advanced Studies, presented a bold bluepri ...; Global Economic Times Reporter 2026.06.09

Semis Move South: Samsung and SK hynix Poised to Announce Multi-Trillion Won Plants in Honam and Chungcheong: SEOUL — The center of gravity for South Korea’s semiconductor industry, which has historically been heavily concentrat ...; Global Economic Times Reporter 2026.06.09

Samsung Launches Massive 'AX Revolution' Under Chairman Lee Jae-yong, Overhauling Corporate DNA with AI: SEOUL — Samsung Group, South Korea's largest conglomerate, has announced a radical paradigm shift that will fundamentally re ...; Global Economic Times Reporter 2026.06.09

From Streaming to Playing: Nexon and Naver Unveil Revolutionary Cross-Platform Integration for 'FC Online' on Chzzk: SEOUL — In a groundbreaking move poised to redefine the landscape of digital entertainment, South Korean gaming giant Nexon ...; Eugenio Rodolfo Sanabria Reporter 2026.06.08

LG CNS Launches 'DevOn Agentic AIND': An Agentic AI-Driven IT System Development Platform: SEOUL, South Korea — LG CNS announced on June 8, 2026, the official commercial release of 'DevOn Agentic AI Native Developme ...; Global Economic Times Reporter 2026.06.08

Middle East War Fallout Hits South Korean Economy: KDI Warns of Stagflationary Pressures as Oil Refining Plummets 20.5%: SEOUL — The economic shockwaves from the prolonged war in the Middle East have officially begun to seep into the South Korea ...; Global Economic Times Reporter 2026.06.08

Zeekr Targets 2,000 Sales for '7X' EV in South Korea This Year: Hangzhou, China — Zeekr, the premium electric vehicle (EV) brand under China's Geely Auto Group, has officially established ...; Yim Kwangsoo Correspondent 2026.06.05

Murata Unveils Next-Gen Resin Electrode MLCC for Automotive Applications: TOKYO — In a major step toward supporting the rapid electrification of the automotive industry, Murata Manufacturing Co., Lt ...; Graciela Maria Reporter 2026.06.05

Samsung Electronics Super-Enterprise Union Loses Majority Status Amid Backlash Over Bonus Disparities: SEOUL — The Super-Enterprise Labor Union’s Samsung Electronics branch, previously the largest labor union at Samsung E ...; KO YONG-CHUL Reporter 2026.06.05

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, rep ...; Hwang Sujin Reporter 2026.06.03

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 roboti ...; Global Economic Times Reporter 2026.06.03

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 ...; Yim Kwangsoo Correspondent 2026.06.03

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

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