Global Economic Times

2026.03.07 (Sat)
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Hanwha Aerospace Solidifies Baltic Stronghold with $330M Defense Investment in Estonia

(C) Hanwha TALLINN – Hanwha Aerospace, South Korea’s leading defense contractor, has announced a landmark investment package in Estonia valued at approximately €260 million ($330 m
U.S. Labor Market Faces Cold Snap: Payrolls Plummet by 92,000 as Unemployment Edges Up to 4.4%

(C) CBS 42 NEW YORK — The resilient U.S. labor market hit a significant stumbling block in February, as nonfarm payrolls saw a surprise contraction and the unemployment rate climbed to its hi

Future on Three Wheels: Aptera Delivers World's First Solar-Powered Electric Vehicle

(C) KPBS SAN DIEGO — The dream of a car that never needs to be plugged in moved one step closer to reality today as California-based startup Aptera Motors officially rolled out its first produ

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35 Vehicles Vying for South Korea's 'Car of the Year' Title: Seoul, South Korea – A diverse range of 35 vehicles, including electric vehicles, hybrids, and traditional internal combusti ...; Desk 2024.12.30

Hyundai Ioniq 5 Sets New Guinness World Record with Epic Indian Road Trip: Hyundai Motor Company has announced that its all-electric Ioniq 5 has set a new Guinness World Record for the greatest altitude ch ...; Eugenio Rodolfo Sanabria Reporter 2024.12.30

Hyundai Palisade Leads SUV Market, Becoming a Household Name: Hyundai's Palisade has emerged as a dominant force in South Korea's SUV market, leading the way for the SUV's mass adoption. Acco ...; Graciela Maria Reporter 2024.12.30

Mercedes-Benz E200 Crowned Safest Car in Korea: Seoul, South Korea – Mercedes-Benz Korea announced today that its E200 model has been awarded the top prize in the 2024 Kore ...; KO YONG-CHUL Reporter 2024.12.30

South Korean Firms Race to Develop Surgical Robots: Seoul, South Korea – South Korean companies are intensifying their efforts to develop surgical robots, aiming to break into ...; ONLINE TEAM 2024.12.29

South Korea's Housing Market: A Tale of Two Trends: Seoul, South Korea – As South Korea grapples with a declining population, a paradox is emerging in its housing market: the n ...; Desk 2024.12.29

South Korea Maintains Strong R&D Investment, Leading in Researcher Numbers: Seoul, South Korea – South Korea has continued to demonstrate a strong commitment to research and development, according to ...; Desk 2024.12.29

Nonsan Designates Land for Future Defense Research Center, Imposes Development Restrictions: Nonsan, South Korea – In a move aimed at preventing real estate speculation and ensuring the smooth development of a cutting ...; HONG MOON HWA Senior Reporter 2024.12.29

Global Shift Towards LED Lighting as Nations Phase Out Mercury-Containing Lamps Article Body:: Tokyo, Seoul – In a significant move towards environmental sustainability, Japan and South Korea have announced plans to pha ...; Graciela Maria Reporter 2024.12.29

ASML CEO: China's Semiconductor Industry Lags 10-15 Years Behind: Amsterdam, Netherlands – ASML Holding, the world's leading supplier of lithography machines used to manufacture semiconducto ...; Ana Fernanda Reporter 2024.12.29

Jeju Cruise Tourism Soars, Setting Records and Boosting Local Economy: Jeju Island is experiencing a surge in international cruise tourism, with over 600,000 visitors expected to arrive in 2024. This s ...; Hwang Sujin Reporter 2024.12.28

China's Manufacturing Surge Poses Growing Threat to South Korea's Industries: Daegu, South Korea – The meteoric rise of China's manufacturing sector, fueled by government support, is casting a long shad ...; Desk 2024.12.28

AI-Powered Patrol Robot Showcases Promise for Unmanned Services: Seoul, South Korea – DogooGonggan, a specialized company in AI-powered autonomous patrol robots, and MaumAI, an AI solution ...; KO YONG-CHUL Reporter 2024.12.28

EuclidSoft Demonstrates AI Expertise with New Visual Data: Seoul, South Korea – EuclidSoft, a leading AI data solutions provider, has successfully completed a data construction projec ...; Desk 2024.12.28

Smartphone Makers Vie for Slimness as Industry Seeks New Growth: Seoul, South Korea – The global smartphone market, once characterized by rapid innovation and growth, is now experiencing a ...; Desk 2024.12.28

Thousands of New Homes to Hit the Market in South Korea: Seoul, South Korea – A surge in new housing developments is expected to mark the beginning of the new year in South Korea, w ...; Hwang Sujin Reporter 2024.12.28

BYD Dominates Hungarian Electric Vehicle Market: Budapest, Hungary – BYD, the world's leading manufacturer of new energy vehicles (NEVs), is making significant strides in th ...; Graciela Maria Reporter 2024.12.27

Former House Speaker Proposes Hydrogen Vehicle Initiative in Puerto Rico: San Juan, Puerto Rico – Former House Speaker José Aponte announced today that he will be introducing a resolution in ...; Global Economic Times Reporter 2024.12.27

China's High-Speed Rail Network Expands to 47,000 Kilometers: China's high-speed rail network has reached a remarkable milestone, surpassing 47,000 kilometers in total length, according to the ...; Desk 2024.12.27

Hotel Shilla and Jeju Tourism Organization Join Forces to Revitalize Jeju Tourism: Seoul, South Korea – Hotel Shilla announced today that it has signed a memorandum of understanding (MOU) with the Jeju Touri ...; Desk 2024.12.27