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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Paraguay Tightens Regulations on Biofuel Industry to Combat Illicit Activities: Asunción, Paraguay – The Paraguayan Congress has passed a new law aimed at cracking down on illegal activities within ...; KO YONG-CHUL Reporter 2024.11.20

Hyundai Unveils High-Performance Avante N TCR Edition, Bringing Race Track Technology to the Streets: Seoul, South Korea – Hyundai Motor has unveiled the highly anticipated Avante N TCR Edition, a limited-edition model that br ...; Desk 2024.11.18

South Korea's Housing Market Shows Mixed Signals in October: Seoul, South Korea – The Korean Real Estate Board's latest housing price index for October reveals a mixed bag of results. W ...; KO YONG-CHUL Reporter 2024.11.18

Sejong City Hosts Expo to Tackle Soaring Commercial Vacancy Rates: Sejong City, South Korea – In a bid to address its skyrocketing commercial vacancy rates, Sejong City is hosting a two-day e ...; Desk 2024.11.18

South Korea's Housing Guarantee Corporation Faces Mounting Losses Amidst Soaring Rent Deposit Defaults: Seoul, South Korea – The Housing & Urban Guarantee Corporation (HUG) is facing a mounting financial crisis as the number ...; Hwang Sujin Reporter 2024.11.18

Samsung Unveils Bespoke AI Combo at IFA 2024, Revolutionizing Laundry Experience: Berlin, Germany – Samsung Electronics, a global leader in consumer electronics, has introduced its innovative Bespoke AI Com ...; Ana Fernanda Reporter 2024.11.18

Cement Industry Faces Slump Amidst Construction Downturn: Seoul, South Korea – Despite entering the peak season for cement demand, major South Korean cement manufacturers are scaling ...; KO YONG-CHUL Reporter 2024.11.18

South Korea's Top 10 Construction Firms Face $14 Billion in Uncollected Payments: Seoul, South Korea – South Korea's ten largest construction companies are collectively grappling with a significant amount o ...; KO YONG-CHUL Reporter 2024.11.17

Kia Unveils EV3 Study Car, A Sustainable Experiment in Automotive Design: Seoul, South Korea – Kia Corporation, a leading global automaker, has unveiled its EV3 Study Car, an eco-friendly experiment ...; Graciela Maria Reporter 2024.11.17

Egypt Revives State-Owned Carmaker El-Nasr: Egyptian Prime Minister Mostafa Madbouly has stated that the revival of the decades-old state-owned carmaker, El-Nasr, showcases t ...; Graciela Maria Reporter 2024.11.17

Renault Korea's Grand Koleos Captures 30% of Mid-size Hybrid SUV Market in South Korea: Seoul, South Korea – Renault Korea's Grand Koleos has made a significant impact on the South Korean mid-size hybrid SUV mark ...; Eugenio Rodolfo Sanabria Reporter 2024.11.16

South Korea Sees Decline in Female Executives in Public Institutions: Seoul, South Korea – A recent study by the Leaders Index has revealed a concerning decline in the number of female executive ...; Hwang Sujin Reporter 2024.11.16

South Korean Food Companies Show Mixed Results in Q3: Seoul, South Korea – South Korea's food industry has reported mixed results for the third quarter of this year. While compan ...; Hwang Sujin Reporter 2024.11.16

Louis Vuitton's Construction Site Steals the Show in NYC: New York City – While Louis Vuitton has recently opened a temporary flagship store on Manhattan's 57th Street, it's the cons ...; Eugenio Rodolfo Sanabria Reporter 2024.11.16

Grip Surpasses 10 Million Downloads, Revolutionizing Live Commerce in South Korea: Seoul, South Korea - Grip, South Korea's pioneering live commerce platform, has announced that it has surpassed 10 million downloa ...; Desk 2024.11.16

Samduk Corporation Rises from the Ashes of Kaesong Industrial Complex: Seoul, South Korea – Samduk Corporation, a South Korean footwear manufacturer, has made a remarkable recovery after losing i ...; KO YONG-CHUL Reporter 2024.11.16

Harim's First Kitchen: A Seamless Journey from Farm to Table: Iksan, South Korea – Harim, a leading food company in South Korea, has unveiled its state-of-the-art “First Kitchen&rd ...; Hwang Sujin Reporter 2024.11.16

South Korea's Property Tax Burden to Rise Amidst Government Policy Changes: Seoul, South Korea – The South Korean government's decision to adjust property assessment values based solely on market fluc ...; Hwang Sujin Reporter 2024.11.16

Korea to Cultivate Halal Tourism Experts Amid Growing Muslim Visitor Market: SEOUL, South Korea – The Korea Halal Industry Research Institute (KIHI) is launching a halal tourism evaluator training prog ...; LEE YEON SIL Reporter 2024.11.15

LG Chem Tops Online Interest Among South Korea's Petrochemical Companies: Seoul, South Korea – A recent data analysis by Data & Research has revealed that LG Chem garnered the most online attent ...; Desk 2024.11.15