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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South Korea's Joint Housing Official Prices Rise 3.65%... Seoul's Increase More Than Double the National Average: This year, the average official price of joint housing has risen by 3.65% compared to last year. Although the apartment official p ...; Desk 2025.03.13

Doosan Enerbility Secures $1.65 Billion Contract for Saudi Arabian Gas-Fired Power Plants: Seoul, South Korea – March 13, 2025 – Doosan Enerbility has announced the signing of a significant contract valued at ...; KO YONG-CHUL Reporter 2025.03.13

South Korea Vows Swift Action on Housing Market Surge, Threatens Reinstatement of Land Transaction Permit Zones: Seoul, South Korea – In a concerted effort to stabilize the housing market, the South Korean government and the Seoul Metrop ...; ONLINE TEAM 2025.03.13

Ignitis Group Expands Green Energy Portfolio with Landmark Hybrid Power Plant Acquisition in Lithuania: VILNIUS – Ignitis Group, a leading international energy company, has announced a significant expansion of its renewable ener ...; Eugenio Rodolfo Sanabria Reporter 2025.03.13

Libya Development Fund Awards Major University Reconstruction Contract to Turkish Firm: AL-BEIDA, Libya – The Libya Development and Reconstruction Fund (LDRF), under the direction of Director General Belgassem Kh ...; Pedro Espinola Special Correspondent 2025.03.13

Libya Launches 2025 Bidding Round for 22 Oil and Gas Exploration Areas: Launched on March 3, 2025, the bid round includes 22 exploration areas, covering major oil and gas basins which the Libyan player ...; Pedro Espinola Special Correspondent 2025.03.13

Kuwait Oil Sector Poised for Profit Surge Amid OPEC+ Production Increase: KUWAIT CITY – Kuwait's oil sector is anticipating a significant rebound in profits for the 2025/2026 fiscal year, according ...; KO YONG-CHUL Reporter 2025.03.13

Kenya's Forests Under Siege: Logging Resumes Amidst Development Plans and Climate Concerns: Nairobi, Kenya – The Kenyan government's decision to lift a six-year moratorium on logging in public and community forests i ...; KO YONG-CHUL Reporter 2025.03.13

Telkom Kenya Partners with Rakuten Symphony and Airspan Networks to Pioneer Open RAN in Africa: Nairobi, Kenya – "Telkom Kenya has partnered with mobile equipment vendors Rakuten Symphony, a leading service-based technol ...; Hee Chan Kim Reporter 2025.03.13

OLA Energy Kenya Announces Major Restructuring to Drive Growth and Profitability: Nairobi, Kenya – OLA Energy has unveiled a comprehensive strategic business restructuring plan aimed at significantly boosti ...; Hee Chan Kim Reporter 2025.03.13

Paraguayan Products Gain Global Recognition at Foodex Japan 2025: Paraguayan products are making significant strides in the global market, showcased at international events like the prestigious Fo ...; Graciela Maria Reporter 2025.03.13

Singapore Launches Ambitious National Space Strategy, Paving Way for Enhanced Global Collaboration: SINGAPORE – Singapore has officially unveiled its inaugural National Space Strategy, marking a significant milestone in its ...; Global Economic Times Reporter 2025.03.13

2027 Nonsan World Strawberry Industry Expo Advances in International Event Review: The '2027 Nonsan World Strawberry Industry Expo' has successfully passed a critical milestone towards its successful hosting. Nons ...; KO YONG-CHUL Reporter 2025.03.13

South Korea, KAI Shoulder Burden as Indonesia's KF-21 Contribution Dwindles: SEOUL – The intricate partnership between South Korea and Indonesia in the development of the KF-21 Boramae fighter jet has ...; KO YONG-CHUL Reporter 2025.03.12

Air India Flight Forced to Return to Chicago After Toilets Clogged with Unusual Objects: Chicago, IL – An Air India flight bound for New Delhi was compelled to make an unscheduled return to Chicago's O'Hare Intern ...; Ana Fernanda Reporter 2025.03.12

Chungnam Province Pushes Forward with Jicheon Dam Project, Emphasizing Regional Development and Support: Chungnam Province has reiterated its firm stance on proceeding with the Jicheon Dam construction, positioning it as a pivotal proj ...; HONG MOON HWA Senior Reporter 2025.03.12

South Korea Aims for Top 5 Global Bio Powerhouse: Focus on Innovative Drug Development: Daejeon, South Korea – South Korea is intensifying its efforts to secure a position among the world's top five bio powerhous ...; HONG MOON HWA Senior Reporter 2025.03.12

Daejeon City Recruits 20 'Safety and Health Guardians' to Enhance Industrial Accident Prevention: Daejeon, South Korea – Daejeon City is actively recruiting 20 'Safety and Health Guardians' to bolster its efforts in preven ...; HONG MOON HWA Senior Reporter 2025.03.12

Daejeon Pioneers Nationwide with Medical Drone Delivery and 3D Traffic Control: Daejeon, South Korea – Daejeon is solidifying its position as a leading city in drone innovation, having been selected for t ...; HONG MOON HWA Senior Reporter 2025.03.12

Paraguay Shifts Energy Policy, Accelerating Integration of Solar and Diverse Renewables: Asunción, Paraguay – Paraguay is undergoing a significant energy policy shift, moving away from its traditional relia ...; Pedro Espinola Special Correspondent 2025.03.11