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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Gunsan City Boosts Renewable Energy Adoption with New Subsidy Program: Gunsan City, South Korea – Gunsan City has unveiled its 2025 subsidy program aimed at increasing the adoption of residential ...; Yim Kwangsoo Correspondent 2025.03.16

1.2 Million Young People in Korea are Unemployed or Inactive, Severe Youth Unemployment: The number of young people in Korea who are unemployed, preparing for employment, or simply resting at home reached 1.2 million la ...; Desk 2025.03.16

Ayala Land's $500M Bet on Philippine Tourism Boom: Doubling Hotel Portfolio by 2030: MANILA – Ayala Land, a leading Philippine real estate giant, is injecting a substantial $500 million into its hospitality di ...; Desk 2025.03.15

Tobacco Season Opens with High Prices, Promising Prosperity for Farmers: Philippines – The 2024–2025 tobacco crop season has officially commenced, with the National Tobacco Administration (NT ...; KO YONG-CHUL Reporter 2025.03.15

South Korea's Import Prices Drop After Five Months, Driven by Lower Oil Prices and Exchange Rates: Seoul, South Korea – South Korea's import prices experienced a decline in February, marking the first drop in five months, p ...; Global Economic Times Reporter 2025.03.15

eBay Japan Aims to Foster 120 K-Beauty Companies Worth $22 Billion in Three Years: Koo Ja-hyun, CEO of eBay Japan, unveiled an ambitious project to cultivate 20 K-beauty companies valued at 100 billion yen (approx ...; Yim Kwangsoo Correspondent 2025.03.15

Mercedes-Benz Unveils Next-Generation CLA: A Leap in AI and Electric Mobility: Mercedes-Benz has set a new benchmark in the compact sedan segment with the world premiere of the all-new CLA on September 13, 202 ...; Hwang Sujin Reporter 2025.03.15

SkyIntelligence and POP Collaborate on AI-Driven Fashion Trend Model: Shanghai, China – SkyIntelligence, a leader in 3D modeling and generative AI content creation, has announced a partnership w ...; Desk 2025.03.15

Hyundai Steel Enters Emergency Management Amidst Mounting Challenges: Hyundai Steel, a major player in the South Korean steel industry, has declared an emergency management system in response to a con ...; KO YONG-CHUL Reporter 2025.03.15

Moroccan Superapp ORA Technologies Secures $1.9 Million in Pre-Series A Funding, Fueling Fintech Growth: Casablanca, Morocco – ORA Technologies, a leading Moroccan superapp developer, has announced a significant $1.9 million pre- ...; Graciela Maria Reporter 2025.03.14

NEA Director-General Advocates for Nuclear Energy Development in Mongolia: ULAANBAATAR, Mongolia – William D. Magwood, IV, Director-General of the Nuclear Energy Agency (NEA), recently concluded a tw ...; Global Economic Times Reporter 2025.03.14

South Korea and Mongolia Forge Stronger Ties in Rare Metal Supply Chains: Seoul, South Korea – March 12, 2024 – The Ministry of Trade, Industry and Energy of South Korea and Mongolia have soli ...; Desk 2025.03.14

Trump's Steel and Aluminum Tariffs: A Double-Edged Sword for Mexico: Washington D.C. – Former U.S. President Donald Trump's decision to impose sweeping 25% tariffs on all steel and aluminum imp ...; Hannah Yeh Reporter 2025.03.14

Malaysia Braces for Surge of Up to 400,000 Muslim Tourists This Ramadan: KUALA LUMPUR – Malaysia is preparing to welcome a significant influx of Muslim tourists this Ramadan, with projections estim ...; Pedro Espinola Special Correspondent 2025.03.14

Malaysia Launches Major Tourism Drive in Guangzhou to Woo Chinese Visitors for VM2026: Guangzhou, China – Tourism Malaysia has reignited its efforts to attract Chinese tourists with a landmark consumer event in ...; KO YONG-CHUL Reporter 2025.03.14

Paraguay and El Salvador Forge Alliance to Tighten Reins on Digital Asset Services: Asunción & San Salvador - In a move to bolster oversight and regulation of Digital Asset Service Providers (DASPs), Par ...; Yim Kwangsoo Correspondent 2025.03.13

Paraguay Launches $400 Million Project to Combat Hazardous Waste and Boost Recycling: Paraguay is embarking on a comprehensive, five-year project valued at $400 million to significantly reduce hazardous waste and exp ...; Graciela Maria Reporter 2025.03.13

Paraguay's Hirona S.A. Revolutionizes River Transport with Cutting-Edge "Veronica V" Tugboat: ASUNCIÓN, Paraguay – Hirona S.A. - Rio Sur Transport and Logistics, a cornerstone of Paraguay's maritime and logistic ...; Graciela Maria Reporter 2025.03.13

Paraguay's Maquila Industry Celebrates 25 Years of Growth, Eyes Global Expansion: Asunción, Paraguay – The Paraguayan Chamber of Maquila Industries (CEMAP) is set to commemorate its 25th anniversary ...; Ana Fernanda Reporter 2025.03.13

Paraguay Aims to Modernize Industrial Park Regulations by Benchmarking Argentina's Success: The Paraguayan Ministry of Industry and Commerce (MIC) is actively pursuing the modernization of its industrial park regulations b ...; Eugenio Rodolfo Sanabria Reporter 2025.03.13