Global Economic Times

2026.06.05 (Fri)
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South Korea’s Top Five Automakers Suffer Broad May Sales Decline Amid Weakening Domestic Demand and Global Headwinds

SEOUL — South Korea’s five major domestic automakers experienced a coordinated downturn in performance last month, reporting a contraction across both domestic sales channels and internati
Chinese Humanoid Robotics Pioneer Unitree Clears Shanghai IPO Hurdle to Raise $580 Million

In a monumental milestone for the global robotics ecosystem, Unitree Robotics, one of China’s most prominent humanoid robotics developers, has successfully cleared the regulatory hurdles require

Hyundai Motor Bets on ‘The New Grandeur’ to Jumpstart Sluggish Domestic Sales

SEOUL — Hyundai Motor Company is turning to its iconic flagship sedan, the Grandeur, to spearhead a rebound in its domestic performance after experiencing a sharp decline in sales last month. Wh

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Tesla Model Y Becomes First to Pass Grueling New U.S. Autonomous Safety Tests: WASHINGTON D.C. — Tesla’s flagship SUV, the Model Y, has made history as the first vehicle to pass the United States g ...; Global Economic Times Reporter 2026.05.08

Celltrion’s Zymfentra Sees Explosive 300% Growth, Hits Record Quarterly Prescriptions in the U.S.: [NEW YORK] – Celltrion’s strategic push into the United States is yielding unprecedented results. Zymfentra (marketed ...; Desk 2026.05.08

BMW Korea Ignites May with Exclusive 9-Model Online Limited Edition Lineup: SEOUL – BMW Korea is set to electrify the luxury automotive market this month, announcing the official release of nine exclu ...; KO YONG-CHUL Reporter 2026.05.08

Hyundai Mobis Completes Independent EV 'Heart' Lineup: A Major Leap Toward Global Leadership in Power Electric Systems: SEOUL — Hyundai Mobis, the South Korean automotive tech giant, has achieved a significant milestone in its transition from a ...; Hwang Sujin Reporter 2026.05.08

POSTECH Researchers Double Metal-Polymer Adhesion via 3D Printing Surface Control: POHANG, South Korea — A research team at the Pohang University of Science and Technology (POSTECH) has achieved a breakthrou ...; Global Economic Times Reporter 2026.05.08

NVIDIA Bolsters AI Ecosystem with $2.1 Billion Investment in Data Center Developer IREN: SANTA CLARA, Calif. & SYDNEY — In a move that signals a massive expansion of the global AI infrastructure landscape, NVI ...; Ana Fernanda Reporter 2026.05.08

Hyundai Motor Group Bets $700 Million on Mexico Amid Trade Policy Volatility: MEXICO CITY — In a bold move that defies growing geopolitical tension and fluctuating trade policies, Hyundai Motor Group (H ...; Global Economic Times Reporter 2026.05.07

Kakao Hits Record Q1 Performance: Operating Profit Surges 66% as Focus Shifts to "Agentic AI": SEOUL — Kakao, the South Korean tech giant behind the country’s ubiquitous messaging app, announced today that it has ...; KO YONG-CHUL Reporter 2026.05.07

Honda Halts $15B Canada EV Plant Plans Amid Strategic Pivot to Hybrids: (C) Investopedia TOKYO – Japanese automaker Honda Motor Co. has indefinitely suspended its plans to build an electric vehic ...; Eugenio Rodolfo Sanabria Reporter 2026.05.06

11th Street Launches 'Grand 11th Day' Shopping Festival: A Strategic Move to Dominate South Korea's Mid-Year Retail Market: SEOUL, South Korea – 11th Street (11st), one of South Korea’s leading e-commerce platforms, officially announced on Ma ...; Min Gyu Mi Reporter 2026.05.05

GIST Develops Next-Generation Transparent Protective Film Resistant to Scratches and Impacts: GWANGJU, South Korea – A research team at the Gwangju Institute of Science and Technology (GIST) has announced the developme ...; Hwang Sujin Reporter 2026.05.05

Samsung Heavy Industries Secures 484.8 Billion KRW Order for LNG-FSRU Amid Global Energy Surge: (C) Offshore Energy SEOUL – Samsung Heavy Industries (SHI) announced on May 4, 2026, that it has successfully secured a c ...; KO YONG-CHUL Reporter 2026.05.05

The AI Paradox: Half of Korean Office Workers Report Hiring Slumps and Downsizing Fears Amid Automation Surge: SEOUL — As Artificial Intelligence (AI) cements its role in the modern workplace, the initial promise of increased efficienc ...; Global Economic Times Reporter 2026.05.04

‘K-Satellite’ Takes Flight: South Korea Ushers in Private-Led Space Era with Successful Launch of CAS500-2: SEOUL – South Korea has officially expanded its "space territory" as the Next-Generation Medium Satellite No. 2 (CAS500-2) s ...; KO YONG-CHUL Reporter 2026.05.04

President Lee Commemorates Labor Day: "Breaking the Dichotomy Between Pro-Business and Pro-Labor for 'Genuine Growth'": SEOUL – In a historic move, President Lee Jae-myung hosted the first-ever Labor Day ceremony at the Blue House Yeongbingwan ...; Hwang Sujin Reporter 2026.05.02

TUKorea Bolsters Competitiveness in Semiconductor Hands-on Education, Beyond Simple Quota Increases: As nurturing talent in high-tech sectors like semiconductors and Artificial Intelligence (AI) becomes a top priority for higher ed ...; Hwang Sujin Reporter 2026.04.21

FORCS to Unveil 'eformsign AI Assistant' at WIS 2026: A Revolution in AI-Powered Electronic Documents: FORCS, the leading provider of electronic document and contract solutions, announced today that it will unveil the "AI Assistant" ...; Global Economic Times Reporter 2026.04.21

“Printing Lenses Like Newspapers”: Korean Researchers Unveil Game-Changing Mass Production for Metalenses: SEOUL – In a breakthrough that promises to reshape the global optical industry, South Korean researchers have developed a wo ...; Desk 2026.04.16

ASML Sees Surge in South Korean Revenue as Samsung and SK Hynix Accelerate Next-Gen Fab Operations: SEOUL – The global semiconductor landscape is witnessing a decisive shift toward South Korea. ASML, the world’s sole p ...; Desk 2026.04.16

Japanese Business Leaders Praise SK Chemicals’ "Ready-to-Use" Plastic Recycling Tech: ULSAN, South Korea – A high-level delegation from Japan’s influential business organization, the Kansai Association of ...; KIM YOUNG MIN 2026.04.14

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