Global Economic Times

2026.07.21 (Tue)
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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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Crisis in Hypermarkets: Structural Shifting and the Impact of Homeplus Closures: SEOUL — South Korea’s hypermarket industry is facing an unprecedented crisis. According to the latest data from the Na ...; KO YONG-CHUL Reporter 2026.01.05

Hanwha Ocean Aims for 100% Robotic Welding by 2030: Accelerating the AX Revolution in Shipbuilding: (C) Cyber-Weld Hanwha Ocean’s Okpo Shipyard in Geoje, Gyeongsangnam-do, is transforming into a testing ground for "Physical ...; KO YONG-CHUL Reporter 2026.01.05

Samsung and LG Go Head-to-Head in Robotics and Automotive Electronics at CES 2026: (C) Homecrux CES 2026, the world's largest consumer electronics and IT exhibition, has officially opened in Las Vegas. While AI r ...; Global Economic Times Reporter 2026.01.05

30% of Workers Dissatisfied with Job Conditions; Vulnerability Acute in Small Workplaces: (C) Human Right Watch A recent survey has revealed that approximately one in three South Korean office workers is dissatisfied wi ...; Desk 2026.01.04

HD Hyundai Launches Unified Construction Equipment Entity, Aiming for ₩15 Trillion Revenue by 2030: (C) HD Hyundai ULSAN — HD Hyundai officially launched its unified construction equipment corporation, HD Construction Equip ...; Hee Chan Kim Reporter 2026.01.02

BYD Overtakes Tesla to Claim Top Spot in Global EV Market for 2025: (C) Jordan Times SHENZHEN – Chinese automaker BYD Co. has officially surpassed Tesla Inc. in annual sales volume, marking ...; Greace Nunez Correspondent 2026.01.02

K-Defense Quartet Set for "Quantum Leap": Annual Sales to Hit 50 Trillion Won in 2026: (C) Hanwha SEOUL – South Korea’s defense industry is preparing for another historic milestone. Following a year of un ...; KO YONG-CHUL Reporter 2026.01.01

Coupang’s Dominance Drives Food Giants into a Corner: The High Price of "Rocket Delivery": SEOUL — In the rapidly evolving landscape of South Korea’s e-commerce market, Coupang has cemented its status as an un ...; Global Economic Times Reporter 2026.01.01

Bando Construction Secures Gadeokdo New Airport Construction Authority for 'Ivy Planet' in Busan Eco Delta City: (C) Gadeokdo New Airport Construction Authority BUSAN — In a landmark move for the regional economy, Bando Construction h ...; Hee Chan Kim Reporter 2026.01.01

Toward the Era of $1 Trillion in Exports: South Korea Hits the $700 Billion Milestone: (C) The Investor PYEONGTAEK, South Korea — South Korea has officially entered the elite ranks of the world’s top expo ...; KO YONG-CHUL Reporter 2026.01.01

SpaceX, Blue Origin, and Rocket Lab: 2026 to Mark a New Era for Global Space Launch Market: (C) Teslarati As 2026 approaches, the global space launch industry is poised for an unprecedented phase of expansion, led by tita ...; Eugenio Rodolfo Sanabria Reporter 2026.01.01

Chronic Labor Shortage Hits Korea’s Tech Sector: "Hiring Newcomers is No Longer an Option, But a Necessity": (C) Samsung Despite a steady increase in the number of industrial technical workers, South Korea’s tech sectors continue to ...; KO YONG-CHUL Reporter 2026.01.01

KT Announces Compensation Plan for Massive Cyber Breach: Termination Fee Waivers and 100GB Data Bonus: (C) KT Enterprise KT Corporation, one of South Korea’s leading telecommunications giants, officially announced a comprehe ...; Global Economic Times Reporter 2025.12.30

Hyundai Likely to Forfeit Buyback Option on Russian Plant Amid Geopolitical Stasis: (C) bne IntelliNews SEOUL — Hyundai Motor Company is facing a grim reality regarding its production future in Russia. Accor ...; Graciela Maria Reporter 2025.12.30

From Symbol of Decline to Epicenter of Revival: Hanwha Philly Shipyard Emerges as the Cornerstone of Trump’s Naval Ambitions: (C) The Virginian Pilot PHILADELPHIA – On a cold December afternoon at the historic Philadelphia Navy Yard, the rhythmic cl ...; KO YONG-CHUL Reporter 2025.12.30

S. Korea to Revoke ‘ISMS-P’ Security Certifications for Breaches Affecting Over 10 Million Users: SEOUL – The South Korean government has announced a stringent overhaul of the national information security certification sy ...; Hwang Sujin Reporter 2025.12.29

Yongin Semiconductor Cluster Gains Momentum as Land Compensation Begins; Construction Slated for Late 2026: (C) Venture square YONGIN, South Korea — The ambitious project to establish the "Yongin Advanced System Semiconductor Nat ...; Min Gyu Mi Reporter 2025.12.29

Homeplus Submits Rehabilitation Plan Featuring Split-Off Sales and Store Closures: SEOUL – Homeplus, currently undergoing corporate rehabilitation, has submitted a "Structural Innovation Rehabilitation Plan" ...; Kim Sungmoon Reporter 2025.12.29

Samsung Electronics Signals Comeback in Robot Vacuum Market, Overtaking Chinese Rival Roborock in Online Buzz: (C) Yicai Global SEOUL — Samsung Electronics is gearing up for a major showdown to reclaim its home turf from Chinese domin ...; Hwang Sujin Reporter 2025.12.29

The Era of Private Space Stations: Voyager, Airbus, and Mitsubishi Join Forces for 'Starlab': (C) Aero Times The race for the next generation of orbital outposts is heating up as global aerospace giants solidify their par ...; Ana Fernanda Reporter 2025.12.29