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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Singapore Steps Up Deployment of Robot Dogs for Future City Security, Guidance, and Patrol Amidst Rapidly Growing Robotics Industry: Singapore is aggressively pursuing the adoption of robot dogs to bolster the safety of its future city, enhance citizen convenienc ...; Graciela Maria Reporter 2025.05.13

Taiwan's Energy Security Dilemma: Retreating Self-Reliance Amidst China Blockade Threat: Contrary to expectations that Taiwan, facing the potential of a Chinese blockade, would be doubling down on securing energy self-s ...; Desk 2025.05.13

US and China Signal Trade War Truce with Agreement to Substantially Reduce Tariffs: Geneva, Switzerland – In a development that offers a glimmer of hope to the global economy, the United States and China have ...; Global Economic Times Reporter 2025.05.12

South Korea's Renewable Energy Breakthrough: Surpassing 10% Amid Grid Modernization Imperative: Seoul, South Korea – A significant milestone has been reached in South Korea's energy landscape as renewable energy sources, ...; Desk 2025.05.12

Korail's Initiative Offers a Lifeline: Providing Employment and Hope to Seoul's Homeless Population: Seoul, South Korea – In a commendable move that underscores the potential for public corporations to address pressing social ...; ONLINE TEAM 2025.05.12

Soaring Pork Prices Drive South Korean Consumers Towards Chicken as a Budget-Friendly Alternative: Seoul, South Korea – The escalating cost of pork in South Korea, fueled by a significant surge in overall livestock prices l ...; Hwang Sujin Reporter 2025.05.12

South Korea's Construction Sector Faces Unprecedented Crisis, Echoing Post-IMF Turmoil: Seoul, South Korea – The South Korean construction industry is grappling with a severe and unprecedented downturn, as eviden ...; Hwang Sujin Reporter 2025.05.12

Korean Startup's Sleep-Tracking Ring Dominates Japan's Amazon, Signaling a Shift in Wearable Tech: Seoul, South Korea – A South Korean wearable tech startup, Apposter, is making waves in Japan with its innovative smart ring ...; KO YONG-CHUL Reporter 2025.05.12

Red Alert for Regional Airports: Mounting Deficits Threaten Safety and Sustainability: Seoul, South Korea – A stark financial reality is casting a long shadow over South Korea's regional airports, raising seriou ...; Graciela Maria Reporter 2025.05.12

Korean Card Giants Vie for Dominance in Booming Overseas Payment Market: Seoul, South Korea – The burgeoning appetite for international travel among Koreans is igniting a fierce battle for market s ...; Global Economic Times Reporter 2025.05.12

Woori Financial Commits KRW 2 Trillion to Fuel South Korea's Burgeoning Aerospace Sector: Seoul, South Korea – Woori Financial Group has announced a substantial commitment of KRW 2 trillion (approximately USD 1.5 b ...; Global Economic Times Reporter 2025.05.12

South Korea Assembles 'K-Shipbuilding Dream Team' in Ambitious Quest for Dominance in Liquid Hydrogen Carrier Technology: Busan, South Korea – In a bold move to spearhead the next generation of maritime transport, South Korea has officially launc ...; Ana Fernanda Reporter 2025.05.12

Dominican Republic's Low-Cost Carrier Arajet Launches New Boston Route, Accelerating Expansion in the Americas: BUENOS AIRES, ARGENTINA - Arajet, the burgeoning low-cost airline from the Dominican Republic, has officially announced the launch ...; Greace Nunez Correspondent 2025.05.11

Argentine State Oil Company YPF Reports Strong Q1 Performance Driven by Vaca Muerta Surge: BUENOS AIRES - Argentina's state-owned energy giant YPF has announced a significant surge in its first-quarter performance for 202 ...; Pedro Espinola Special Correspondent 2025.05.11

Lotte Shopping Defies Consumption Slump with Strong 'Quality Growth', Q1 Operating Profit Jumps 29%: Lotte Shopping has demonstrated the success of its "quality growth" strategy by achieving remarkable first-quarter results amidst ...; Desk 2025.05.11

Paraguay Ends State Monopoly on Gambling, Opens Doors to Private Operators: Asunción, Paraguay – In a landmark move set to reshape its gambling industry, Paraguay has dismantled its decades-lon ...; Pedro Espinola Special Correspondent 2025.05.11

UK and Switzerland Explore Direct Rail Link, Aiming to Expand European Connectivity: Bern, Switzerland - The United Kingdom and Switzerland have taken a significant step towards enhancing their connectivity with the ...; KO YONG-CHUL Reporter 2025.05.11

Swedish Data Center Firm Bahnhof to Transform WWII Bunker into Underground Fortress of Data: Gothenburg, Sweden - Swedish data center specialist Bahnhof is turning heads in the industry with its ambitious plan to construct ...; Ana Fernanda Reporter 2025.05.11

Sweden Signals Caution on Hydrogen Car Era, Champions Diesel-Electric Hybrids for Tangible Carbon Reduction: As the world largely focuses on hydrogen as the future's clean fuel, Sweden is making waves by proposing a carbon-neutral solution ...; Desk 2025.05.11

Mokpo Explores AI-Driven Industrial Ecosystem Innovation: The Challenge of Practical Application Strategies: Mokpo, South Korea – Businesses forming the backbone of the Jeollanam-do province's economy in Mokpo recently convened to de ...; Yim Kwangsoo Correspondent 2025.05.10