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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Hyundai Motor Group to Invest Record $24.3 Billion in South Korea: Hyundai Motor Group announced today that it will invest a record 24.3 trillion won (approximately $24.3 billion) in South Korea th ...; KO YONG-CHUL Reporter 2025.01.12

Formosa Plastics Group Posts Slim Profit Amidst Sluggish Demand and Chinese Overproduction: Taipei - Taiwan's largest industrial conglomerate, Formosa Plastics Group, reported a modest profit of NT$715 million (US$21.69 mi ...; Ana Fernanda Reporter 2025.01.11

Nepal Oil Corporation Faces Diversification Challenge Amidst Declining Petroleum Demand: Kathmandu: Nepal Oil Corporation (NOC) may face an existential crisis if it fails to diversify its business, warned Minister for I ...; Eugenio Rodolfo Sanabria Reporter 2025.01.11

Vietnam on Track to Join Top 20 Global Economies, Driving Collaboration Between SOEs and Private Sector: HANOI - Vietnam is poised for significant economic growth, with projections placing it among the top 15 Asian economies by 2025 an ...; Eugenio Rodolfo Sanabria Reporter 2025.01.11

New Expressway to Boost Connectivity in South Korea: Boeun, South Korea – A new expressway is set to revolutionize transportation in South Korea's central region. The Yeongdong- ...; KO YONG-CHUL Reporter 2025.01.11

Gyeongnam Province Spearheads Digital Transformation for Industrial Revitalization: Gyeongnam Province, a longstanding industrial hub in South Korea, is embarking on an ambitious plan to modernize its manufacturing ...; Desk 2025.01.11

aT Recognized for Sixth Consecutive Year in Community Contribution: Seoul, South Korea – [Date] – Korea Agro-Fisheries & Food Trade Corporation (aT) has once again been honored for i ...; Global Economic Times Reporter 2025.01.10

Wireless Tech and Solar-Powered Cars Shine at CES 2025: Las Vegas, NV – CES 2025 showcased a wave of innovative technologies that seamlessly blend the familiar with the cutting-edg ...; Sharon Yoon Correspondent 2025.01.10

Nostalgia-Driven Food Revival: Discontinued Products Make a Comeback: Seoul, South Korea – Food companies are tapping into consumers' nostalgic cravings by reintroducing discontinued products th ...; ONLINE TEAM 2025.01.09

Coffee Prices Hit Record Highs Amidst Climate Change Concerns: The global coffee market is experiencing unprecedented volatility as prices have soared to record highs. Extreme weather events, p ...; KO YONG-CHUL Reporter 2025.01.09

South Korea Tightens Mortgage Rules to Curb Household Debt: Seoul, South Korea – The South Korean government is set to tighten its grip on household debt by imposing stricter regulatio ...; Hwang Sujin Reporter 2025.01.09

North Jeolla Province Boosts Small Business Funding to 300 Billion Won: Jeonju, South Korea – North Jeolla Province announced today a significant increase in its small business funding program for ...; ONLINE TEAM 2025.01.09

Samsung Electronics Posts Disappointing Q4 Earnings Amid Chip Slump: Seoul, South Korea – Samsung Electronics, a global technology giant, reported a significant decline in its operating profit ...; Desk 2025.01.09

Soaring Prices Plunge: Baegod New Town Faces Development Delays: Shiheung, South Korea – The once-booming real estate market in Baegod New Town, Shiheung, has experienced a dramatic downtur ...; Hwang Sujin Reporter 2025.01.09

LH to Offer 2,814 Affordable Rental Homes for Young Adults and Newlyweds: Seoul, South Korea – The Korea Land and Housing Corporation (LH) announced on [Date] that it will begin accepting applicatio ...; Hwang Sujin Reporter 2025.01.08

South Korea Unveils Comprehensive Plan for Underground Railway Development: Seoul, South Korea – The Ministry of Land, Infrastructure and Transport has announced a comprehensive plan to expedite the u ...; KO YONG-CHUL Reporter 2025.01.08

Mokpo City Launches South Korea's First Public Bus System: Mokpo, South Korea – In a significant step towards improving public transportation, Mokpo City has become the first city in ...; Global Economic Times Reporter 2025.01.08

Vintage is the New Vogue: Young People Drive Sustainable Fashion Trend: Vintage shopping is no longer just a trend; it's a movement. Young people, particularly those belonging to the Gen Z and millennia ...; Global Economic Times Reporter 2025.01.08

PaxcelBio Selected as a Recipient of the G-Rex Grant Program: Seoul, South Korea – PaxcelBio, a leading biopharmaceutical company specializing in the development of immunotherapies, has ...; Global Economic Times Reporter 2025.01.08

Affordable Public Housing in Seongnam Draws High Demand: Seongnam, South Korea – A new public housing project in Seongnam's Gumoto district is generating significant buzz among pote ...; Global Economic Times Reporter 2025.01.08