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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The Delivery Wars Intensify: Coupang Eats Triples Users on the Back of 'Free Delivery,' While Baemin and Yogiyo Decline: (C) KED Global SEOUL— The South Korean food delivery market is undergoing a dramatic reshaping, driven by aggressive memb ...; Global Economic Times Reporter 2025.11.25

Corporate Tax Surge: Samsung and SK Hynix Pay 9x More Amidst Chip Supercycle: (C) Nikkei Asia SEOUL — South Korea’s semiconductor giants, Samsung Electronics and SK Hynix, have reported a stagg ...; KO YONG-CHUL Reporter 2025.11.24

Genesis Unveils GV60 Magma: First Step into Luxury High-Performance Sector: Genesis, the luxury brand of Hyundai Motor Group, has officially accelerated its entry into the high-performance luxury segment wi ...; KO YONG-CHUL Reporter 2025.11.21

South Korea's DAPA Launches Performance Upgrade for Jangbogo-II (Son Won-il Class) Submarines: The Defense Acquisition Program Administration (DAPA) announced on November 20th that it is officially commencing the performance ...; Global Economic Times Reporter 2025.11.20

Enhanced HACCP Standards: From Lunch Boxes to Snacks, Strict Hygiene is Paramount: The Ministry of Food and Drug Safety (MFDS) of South Korea announced on November 20, 2025, that it is providing 'Correct HACCP Man ...; Kim Sungmoon Reporter 2025.11.20

Guro Picnic Garden Draws 5,500 Visitors in Six Months, Emerging as a Key Riverside Landmark: SEOUL, Nov. 20 — Guro-gu, Seoul, announced on Wednesday that the 'Guro Picnic Garden,' located along the banks of the Anyang ...; Global Economic Times Reporter 2025.11.20

Streaming Revolution: TVING, Disney+, and Wavve Launch First-Ever 3-in-1 Subscription in Korea: SEOUL — A monumental shift is underway in the South Korean over-the-top (OTT) streaming market. Local powerhouse TVING has a ...; Global Economic Times Reporter 2025.11.19

South Korea's Era of Localism Expo Kicks Off in Ulsan, Charting Future Course for Balanced Growth: Ulsan, South Korea – The '2025 Era of Localism Expo,' a major event dedicated to discussing balanced growth and sustainable ...; Global Economic Times Reporter 2025.11.19

SK Hynix Earnings Forecast Soars: Kiwoom Securities Raises Target Price to KRW 730,000: Kiwoom Securities announced a significant upgrade to its outlook for SK Hynix on November 19, 2025, raising the chipmaker's 2026 o ...; Global Economic Times Reporter 2025.11.19

EU Accelerates 'Battery Independence' with Multi-Trillion Won Public Fund Injection: (C) LG Energy Slution The European Union (EU) is accelerating its drive for battery independence by allocating a massive € ...; Graciela Maria Reporter 2025.11.19

South Korea Joins 'Powering Past Coal Alliance,' Pledges Halt to New Coal Plants: (C) France24 South Korea has officially joined the Powering Past Coal Alliance (PPCA), an international coalition urging a swif ...; Global Economic Times Reporter 2025.11.18

Massive Fire Engulfs E-Land Fashion Logistics Center in Cheonan, Causing Major Shipping Delays: (C) LatetLY CHEONAN, South Chungcheong Province – A major fire erupted at the E-Land Fashion logistics center in Cheonan ...; Hwang Sujin Reporter 2025.11.16

KAIST Deep Tech Startup Secures $10 Million Investment for MRI-Quality Ultrasound Diagnosis: KAIST, the Korea Advanced Institute of Science and Technology, has once again proven its prowess in fostering deep tech innovation ...; Shin Yeju 2025.11.13

Korean Logistics Tech Firm GLEC to Enter Global Market with CES 2026 Innovation Award: SEOUL, South Korea – GLEC Co., Ltd., a Korean logistics technology company, is accelerating its entry into the global market ...; KO YONG-CHUL Reporter 2025.11.12

"Baby Shark" Swims to Kosdaq: The Pinkfong Company IPO Nets Trillions in Subscriptions: (C) Plagiarism Today SEOUL - The Pinkfong Company, the global family entertainment enterprise behind the viral sensation "Baby ...; Hwang Sujin Reporter 2025.11.08

China's Narwal Leapfrogs LG and Samsung in Robot Vacuum War: China's Narwal Leapfrogs LG and Samsung in Robot Vacuum War (C) Big W SEOUL—The global robot vacuum market, long domina ...; Eugenio Rodolfo Sanabria Reporter 2025.11.05

Tech Titans Continue Cuts: IBM Announces Layoffs Amid Software Pivot: Following in the footsteps of industry giants like Amazon and Meta, IBM has announced its plan to reduce its global workforce by t ...; Global Economic Times Reporter 2025.11.05

Protina, Samsung Bioepis, and Seoul National University Forge AI Partnership to Accelerate Antibody Drug Development: SEOUL—A powerful consortium comprising the drug discovery company Protina, biotech giant Samsung Bioepis, and researchers fr ...; Global Economic Times Reporter 2025.11.05

HD Hyundai’s Q3 Operating Profit Soars 295% on Shipbuilding and Transformer Boom: SEOUL, South Korea – HD Hyundai has announced a substantial surge in its third-quarter earnings, driven by a thriving shipbu ...; Hwang Sujin Reporter 2025.11.03

Musk Teases 'Flying Car' Prototype, Promises Unforgettable Reveal by Year-End 2025: SAN FRANCISCO—Tesla CEO Elon Musk has ignited fresh speculation about the future of transportation, hinting that the company ...; Eugenio Rodolfo Sanabria Reporter 2025.11.02