Global Economic Times

2026.07.22 (Wed)
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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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Extension Granted for '2026 Honors for SME Contributors' Application: (C) KBIZ SEOUL) — The Ministry of SMEs and Startups (MSS) and the Korea Federation of Small and Medium Enterprises (KBIZ) h ...; Global Economic Times Reporter 2025.12.15

44% of Recent Construction Projects Report Deficits, Industry Survey Finds: (C) KED Global Seoul, South Korea — A recent survey conducted by the Korea Construction Association (KCA) and the Construct ...; KO YONG-CHUL Reporter 2025.12.15

Lotte Mart Launches Major Imported Fruit Discount Event Amid High Prices: (C) Lotte Mart SEOUL — Lotte Mart has announced a special discount event for imported fruits, offering significant savings ...; Kim Sungmoon Reporter 2025.12.15

Korean Drone Exports Soar 58% to $28 Million, Expanding Global Footprint: (C) Kyiv Post Seoul, Korea – The Republic of Korea is rapidly establishing itself as a significant player in the global Unm ...; KO YONG-CHUL Reporter 2025.12.15

EU Cracks Down on Flood of Cheap, Risky Chinese Parcels, Targets Shein and Alibaba: (C) South China Morning Post The European Union (EU) is significantly stepping up its enforcement efforts against goods entering ...; Global Economic Times Reporter 2025.12.15

Lotte Biologics Hosts 'Future Innovative Technology Development Forum': (C) Top Daily Lotte Biologics, a rapidly emerging player in the global biopharmaceutical industry, recently held its fifth 'Futur ...; Hee Chan Kim Reporter 2025.12.13

CJ CheilJedang Launches 'Yummy' Content Service on CJ The Market App: (C) Yummy SEOUL, South Korea — In a bid to enhance customer engagement and boost product utilization, CJ CheilJedang has of ...; Shin Yeju 2025.12.13

Yamaha Music Korea Launches 'Hybrid Piano Music Festa' Special Promotion: (C) Yamaha Music Korea Yamaha Music Korea has announced a major winter promotion for its hybrid piano lineup, called the 'Hybrid ...; Global Economic Times Reporter 2025.12.13

Lotte Wellfood Dominates 2025 Korea Digital Advertising Awards with Six Wins: (C) Seoul Finance SEOUL, South Korea - Confectionery and food giant Lotte Wellfood has cemented its status as a leader in innovat ...; Hwang Sujin Reporter 2025.12.13

South Korea’s Retail Sector Faces Layoff Wave: ‘The Hopeful Retirement’ Blows Through 40-Year-Old Managers: (C) NY Times The South Korean retail industry is currently experiencing a strong wave of voluntary redundancy—euphemistical ...; Global Economic Times Reporter 2025.12.13

Kia Unveils 'The All New Seltos,' Marking a Full Refresh with Hybrid Addition: (C) Canada Newswire SEOUL, South Korea – Kia has pulled the wraps off the second-generation of its popular subcompact SUV, ...; Kim Sungmoon Reporter 2025.12.11

Europe’s Robotaxi Race Accelerates: Bolt and Stellantis Forge Alliance for Driverless Future: (C) NDTV The European autonomous vehicle (AV) landscape is poised for a significant transformation following the announcement of ...; KO YONG-CHUL Reporter 2025.12.10

AI Salary Premium in Korea Just 6%, Lagging Far Behind the US's 25%: (C) Seeking Alpha SEOUL — South Korea is facing an intensifying "AI talent drought," as domestic corporations, despite a ...; Desk 2025.12.06

South Korea Weighs 'Co-Design' for Next-Gen Destroyer (KDDX) Amidst Industry Rivalry: (C) Army Recognition SEOUL, South Korea – The Republic of Korea's Defense Acquisition Program Administration (DAPA) is acti ...; Kim Sungmoon Reporter 2025.12.05

NVIDIA Lobby Succeeds? U.S. Bill Expected to Drop AI Chip Export Restrictions: The so-called "GAIN AI Act"—a legislative proposal that would have required semiconductor companies to prioritize satisfying ...; Eunsil Ju Reporter 2025.12.05

Subaru Surges to Top Spot in Consumer Reports Annual Auto Brand Rankings; Korean Brands See Mixed Results: (C) Headlight.news LOS ANGELES — In the annual car brand ratings released by the influential U.S. consumer publication, Con ...; Sharon Yoon Correspondent 2025.12.05

Mobile ID and Payment Unified: 'PASS ID Payment' Service Launches: (C) SK텔레콤 South Korea’s three major mobile carriers—SK Telecom (017670), KT (030200), and LG Uplus (032640)—h ...; KO YONG-CHUL Reporter 2025.12.01

Hyundai E&C Shatters Records with First-Ever KRW 10 Trillion Mark in Urban Renewal Orders: Hyundai Engineering & Construction (Hyundai E&C) has achieved an unprecedented milestone in South Korea's urban renewal se ...; Desk 2025.12.01

South Korea Unveils 'K-Med': A Gigantic leap in Medical AI, Challenging Global Tech Giants: (C) Global Pricing Innovations SEOUL, South Korea — South Korea has entered the global race for advanced medical artifici ...; Global Economic Times Reporter 2025.11.29

55-Year Revival: 'Human Washing Machine' Dream Technology Finally Realized Lie down for 15 minutes to complete showering and drying...: (C) Spoon & Tamago The 'Human Washing Machine,' once presented as a blueprint for the future society half a century ago, ha ...; Hwang Sujin Reporter 2025.11.28