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 Expressway to Boost Connectivity in Yongin: Yongin, South Korea – A major new transportation artery, the Sejong-Pocheon Expressway, is set to open on January 1st, revol ...; Desk 2025.01.01

Nostalgic Gyeonggi Line to Resume Operations After 20 Years: After a 20-year hiatus, the nostalgic Gyeonggi Line, connecting Goyang, Yangju, and Uijeongbu in northern Gyeonggi Province, is se ...; Desk 2025.01.01

Decades-Long Legal Battle Over Hot Spring Clears Way for Urban Development in Ansan: Ansan, South Korea – A protracted legal dispute over a hot spring that has stalled the development of a 80,000 square-meter ...; Desk 2025.01.01

Anyang City to Transform Gwanak Boulevard into a Thriving Business District: Anyang, South Korea – Anyang City has announced ambitious plans to redevelop the area surrounding Gwanak Boulevard, transfor ...; KO YONG-CHUL Reporter 2025.01.01

Travel and Food Service Industries in Gangwon-do Face Double Blow: Gangwon-do, South Korea – The travel and food service industries in Gangwon-do are facing a double blow following a recent a ...; Desk 2025.01.01

Gyeongnam Shipbuilders Bounce Back Amidst Global Challenges: Gyeongnam’s shipbuilding industry has experienced a resurgence in 2024, bolstered by government support and a recovering glo ...; Desk 2025.01.01

SK Gas and Korea Western Power Join Forces to Create Environmentally Friendly Heat Supply Business: Seoul, South Korea – SK Gas, a leading energy company, and Korea Western Power have announced a groundbreaking partnership t ...; Desk 2024.12.31

South Korean Ferry Companies Receive Significant Tax Relief: Seoul, South Korea – The South Korean Shipping Association (KSA) has secured a major victory for the nation's ferry industry ...; Global Economic Times Reporter 2024.12.31

Gyeongnam Province Recognizes 5 Companies for Outstanding Safety Practices: Changwon, South Korea – Gyeongnam Province has honored five companies for their exceptional efforts in preventing industrial ...; Desk 2024.12.31

South Korea to Standardize Charging Ports to USB-C, Streamline Job Applications: Seoul, South Korea – Starting February 2025, South Korea will mandate the use of USB-C charging ports for a wide range of el ...; Global Economic Times Reporter 2024.12.31

SH Corporation Seeks Designs for Guryong Village Redevelopment: Seoul, South Korea – The Seoul Housing Corporation (SH Corporation) announced today that it is seeking design proposals for ...; ONLINE TEAM 2024.12.31

Hwaseong International Theme Park Gets Green Light, Set to Become Asia's Next Landmark: Hwaseong, South Korea – Shinsegae Hwaseong, a subsidiary of Shinsegae Group, announced today that its highly anticipated Hwa ...; ONLINE TEAM 2024.12.30

Lotte Construction Secures Prestigious Yongsan Redevelopment Project: Seoul, South Korea – Lotte Construction has been awarded the contract to redevelop the iconic Yongsan Sanho Apartment, solid ...; Hwang Sujin Reporter 2024.12.30

Seoul's Hotel Redevelopment Boom Fuels Billions in Financing: Seoul, South Korea – A wave of hotel redevelopment projects in Seoul is set to bring billions of dollars into the city&rsquo ...; Desk 2024.12.30

Hanwha Breaks Ground on Seoul Station North Redevelopment Project: Seoul, South Korea – Hanwha Corporation, one of South Korea’s leading conglomerates, and Seoul Station North Redevelop ...; KO YONG-CHUL Reporter 2024.12.30

South Korea Pledges to Build World-Class New Airport: Busan, South Korea – The South Korean government and local governments of Busan, Ulsan, and Gyeongnam have joined forces to ...; KO YONG-CHUL Reporter 2024.12.30

Hyundai Engineering & Construction Pioneers Noise-Free Apartment Living with Industry-Leading Technology: Seoul, South Korea – Hyundai Engineering & Construction (H&E) has announced its groundbreaking achievement in the fi ...; ONLINE TEAM 2024.12.30

South Korea's Job Market Shows Mixed Signals in November: Seoul, South Korea – December 30, 2024 – South Korea's job market exhibited a complex picture in November, marked by b ...; ONLINE TEAM 2024.12.30

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