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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New High-Yield, Disease-Resistant Sesame Variety 'Hero' to be Distributed in Korea: The Rural Development Administration (RDA) has announced the development and distribution of a new sesame variety called 'Hero'. T ...; Desk 2025.02.10

LH Introduces New Construction Methods to Drastically Reduce Noise in Apartments: Seoul, South Korea – The Korea Land & Housing Corporation (LH) has announced the implementation of new construction meth ...; Min Gyu Mi Reporter 2025.02.10

Gyeongnam Agricultural Technology Center Develops Diagnostic Kit and Control Method for Pepper Hairy Root Disease: The Gyeongnam Agricultural Technology Center announced on the 9th that it held an evaluation meeting for the research project 'Ana ...; Desk 2025.02.10

KAI to Invest for Future Growth in 2025: KAI CEO Kang Goo-young emphasized that this year will be a year of increased investment to strengthen future growth potential for ...; JEONG CHAN MYEONG Senior Reporter 2025.02.10

Sacheon Faces Backlash After Failed Incinerator Consortium with Jinju…Struggling to Select Site: No Hopeful Region Even in 3rd Public Offering…Headache Due to Residents' Opposition Sacheon City is suffering from the bac ...; Global Economic Times Reporter 2025.02.10

Korean Pharmaceutical Companies Achieve Record-Breaking Performance in 2023: Despite the challenges posed by the prolonged medical crisis and economic downturn, South Korean pharmaceutical companies have ach ...; Hwang Sujin Reporter 2025.02.10

Pharmaceutical and Biotech Industry Defies Market Downturn with Strategic Successes: The pharmaceutical and biotech industry is experiencing a severe downturn in investment sentiment due to factors such as declining ...; Desk 2025.02.10

Nonghyup Food Launches New Rice Noodle Products Made with Domestic Rice: Nonghyup Food announced on February 7th the launch of two new rice noodle products, "Nonghyup Rice Noodles," made with domestic Ko ...; KO YONG-CHUL Reporter 2025.02.08

Samsung Electronics and SK Hynix's Q1 Performance to Be Determined by HBM Business: SEOUL – The first quarter (Q1) performance of Samsung Electronics and SK Hynix is expected to be uneven, depending on their ...; Global Economic Times Reporter 2025.02.07

First Exploration Drilling for 'Great Whale' Gas Field Deemed Unprofitable: Sejong, South Korea – The first exploration drilling for the 'Great Whale' gas field, which began on December 20th of last y ...; HONG MOON HWA Senior Reporter 2025.02.07

Sam Altman, CEO of OpenAI, Visits India and Expresses Willingness to Cooperate in Developing Low-Cost AI Systems: Sam Altman, CEO of OpenAI, visited India on the 5th (local time) after visiting Japan and South Korea to consolidate leadership in ...; Eugenio Rodolfo Sanabria Reporter 2025.02.06

Tesla's Shares Plummet Amidst Declining Sales and Market Share: New York, NY – Tesla Inc. saw its shares tumble by over 3% on Tuesday as reports emerged of significant declines in the elec ...; PETER KO 2025.02.06

South Korea to Establish Massive Fund for Advanced Industries: Seoul – The South Korean government has announced plans to create a multi-billion dollar fund to support the development of ...; KO YONG-CHUL Reporter 2025.02.06

Petroperú Expands Natural Gas Service to Industrial Park in Arequipa: AREQUIPA, Peru – Petróleos del Perú (Petroperú) has announced a significant step in its effort to bring ...; Pedro Espinola Special Correspondent 2025.02.05

Tanzanian MPs Call for Aircraft Ownership Transfer to Bolster National Airline: DODOMA – Members of Parliament in Tanzania have urged the government to transfer ownership of aircraft operated by Air Tanza ...; Hee Chan Kim Reporter 2025.02.05

Seoul's Most Expensive Apartments Remain in 'Land Transaction Permit Zones': Seoul - An analysis of apartment sales prices in Seoul over the past decade has revealed that the most expensive areas remain conc ...; Hwang Sujin Reporter 2025.02.04

Japan's Machinery Orders Surge, Signaling Robust Investment: Japan's November machinery orders have defied expectations, posting a robust 3.4% month-on-month increase, according to the Cabine ...; Graciela Maria Reporter 2025.02.04

Honda's Electric Gamble in India: A Smart Bet on Two Wheels?: Honda Motor Co.'s recent announcement of a dedicated electric motorcycle plant in Bengaluru, India, signals a significant strategi ...; Graciela Maria Reporter 2025.02.04

Pet-Friendly Platform Pet Friends' "Butler Life" Community Service Explodes in Popularity, Driving Sales Growth: Pet Friends, a leading pet platform in Korea, announced on June 1st that its community service, "Butler Life," has seen a 29-fold ...; Desk 2025.02.02

South Korea's Oil Refineries Achieve Record-Breaking Gasoline and Diesel Exports in 2024: Seoul, South Korea – South Korea's oil refining industry has marked a new milestone with record-breaking exports of gasoline ...; KO YONG-CHUL Reporter 2025.02.02