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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Kolon FnC Embraces Domestic Innovation: Flow Secures Landmark Collaboration Tool Deal: SEOUL, South Korea – Madrascheck Co., Ltd., the developer of Flow, a leading South Korean collaboration tool, announced toda ...; Hwang Sujin Reporter 2025.07.02

Robots to Spearhead Trillion-Dollar Nuclear Decommissioning Market: Seoul, South Korea – As the global nuclear power industry grapples with an aging fleet of reactors, a new frontier in high-t ...; Desk 2025.07.01

U.S. Pharmaceutical Industry Pressures Countries Like Korea on 'Drug Price Dumping'... "Must Use as Leverage in Trade Negotiations": WASHINGTON D.C. – The U.S. pharmaceutical industry has strongly criticized major developed countries, including South Korea, ...; KO YONG-CHUL Reporter 2025.07.01

June Exports Up 4.3% Driven by Record-Breaking Semiconductor Performance: July 1, 2025 – South Korea's exports in June increased by a robust 4.3% year-on-year, reaching $59.8 billion, maintaining a ...; Hwang Sujin Reporter 2025.07.01

Family Farming Fair in San Pedro Benefits Over 800 Families: The Family Farming Fair held in San Pedro de Ycuamandyyú successfully concluded, directly benefiting over 800 families. Sma ...; Ana Fernanda Reporter 2025.07.01

Paraguay Officially Increases Minimum Wage by 100,000 Guaranies, But Controversy Lingers: The Paraguayan government has officially announced a minimum wage increase of 100,000 Guaranies (approximately USD 18) effective J ...; Ana Fernanda Reporter 2025.07.01

Paraguayan Food Companies Exhibit Outstanding Performance at 'Food Taipei 2025': Leading companies from Paraguay's food and beverage industry successfully showcased the excellence of their national products at ' ...; Ana Fernanda Reporter 2025.06.30

Paraguay Urged to Follow Brazil's Footsteps in Increasing Biofuel Blending Ratios: Brazil's decision to increase the biofuel blending ratio for petroleum derivatives to 15% starting in August is a measure that the ...; Yim Kwangsoo Correspondent 2025.06.30

Brazil to Push for Inclusion of Automotive and Sugar Industries in Mercosur Trade Rules: Brazil, set to assume the rotating presidency of Mercosur in July, plans to advocate for the inclusion of the automotive and sugar ...; Pedro Espinola Special Correspondent 2025.06.30

European Wine Industry Urges Swift Ratification of Mercosur Agreement, Faced with Strong Opposition from France and Others: The European wine industry is strongly advocating for the immediate initiation of the adoption and ratification process of the tra ...; Desk 2025.06.30

Daejeon City to Inject 458 Billion Won into Small Businesses Amid Economic Slump: DAEJEON, South Korea – Daejeon City announced today an expanded and tailored support policy for small business owners grappl ...; HONG MOON HWA Senior Reporter 2025.06.29

Korea and Mexico Bolster Ties in Semiconductor and Intellectual Property Sectors: Mexico City – The Korean Embassy in Mexico, in collaboration with Mexico's Ministry of Science, Humanities, Technology and I ...; Global Economic Times Reporter 2025.06.29

Tesla Nears Completion of First North American LFP Battery Plant in Nevada: SPARKS, Nevada – Tesla, the electric vehicle (EV) giant led by Elon Musk, announced on Friday, June 28, that its first North ...; Eunsil Ju Reporter 2025.06.29

China's Rapid Unicorn Growth: A Robot Company's One-Year Journey to Success: How long does it take for a company to establish itself in the world? I was quite surprised recently when I visited Suzhou, China, ...; ONLINE TEAM 2025.06.28

Amazon Invests $10 Billion in North Carolina, Accelerating AI Innovation and Cloud Infrastructure Expansion: Amazon has announced plans to invest approximately $10 billion (about ₩13.7 trillion KRW) in North Carolina, USA, to significantly ...; Eunsil Ju Reporter 2025.06.27

Paraguay Achieves Milestone with First Surgical Implant Export – Opening New Horizons in South American Medical Industry: Paraguayan medical device manufacturer ION SA made a significant stride in the South American medical industry yesterday with its ...; Graciela Maria Reporter 2025.06.27

Paraguay: Emerging as a New Hub for the South American Textile Industry: Paraguay is pursuing an ambitious strategy to become a new center for the textile industry within Mercosur (Southern Common Market ...; Graciela Maria Reporter 2025.06.27

Four Consortia Vie for Asunción New General Hospital Bid: ASUNCIÓN, Paraguay – Four consortia have entered a fierce bidding competition for the construction and maintenance pr ...; Global Economic Times Reporter 2025.06.27

Seafood Expo Asia 2025 in Singapore: Opening New Horizons in the Asian Seafood Market: Seafood Expo Asia, organized by Diversified Communications, will be held at the Sands Expo & Convention Centre in Singapore fr ...; KO YONG-CHUL Reporter 2025.06.24

Vietnam's Rise in Singapore's Export Market: Key Drivers and Future Prospects: In the first five months of 2025, Vietnam has rapidly emerged as Singapore's 8th largest export market, demonstrating a deepening ...; Hwang Sujin Reporter 2025.06.24