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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Imported Car Brands Spark a Fierce Discount War in South Korea: SEOUL — South Korea’s imported car market is currently at the center of a heated discount war. As brands head into the ...; Shin Yeju 2025.09.25

S. Korea's Petrochemical Giants Face Restructuring Test Amid Debt Crisis: SEOUL—South Korea's petrochemical industry, burdened by an astonishing 32.8 trillion won ($24.6 billion) in bank loans as of ...; Yim Kwangsoo Correspondent 2025.09.25

Kia Counters U.S. Tariffs on Mexican Cars with Latin American Strategy: SEOUL – Amid stalled follow-up tariff negotiations between South Korea and the U.S., the American decision to impose high ta ...; Desk 2025.09.24

NOV Secures Contract for Argentina's First FLNG Project: Oilfield services company NOV has secured a contract to provide a mooring solution for Argentina's first-ever floating liquefied n ...; Pedro Espinola Special Correspondent 2025.09.23

The Impact of Argentina's Vaca Muerta Growth Scenarios on the Supply Chain: The acceleration of Argentina's Vaca Muerta shale development presents both challenges and opportunities for the supplier ecosyste ...; Pedro Espinola Special Correspondent 2025.09.23

Chile unveils draft critical minerals strategy... a step towards securing 'future food': The Chilean government is emerging as a new center in the global mineral market, as it establishes a critical minerals supply stra ...; Graciela Maria Reporter 2025.09.23

Chilean Cherry Producers Accelerate Diversification Efforts to Reduce Reliance on Chinese Market: The Chilean cherry industry is gearing up for a new season, seeking to overcome the challenges of oversupply and difficult sales e ...; Global Economic Times Reporter 2025.09.23

Nissan and Mitsubishi to Produce New EVs for European Market in France: Douai, France — In a landmark visit to the Renault ElectriCity plant in Douai, the CEOs of Nissan and Mitsubishi Motors, Iva ...; Eugenio Rodolfo Sanabria Reporter 2025.09.19

Spanish "Bicinete" Hybrid Vehicle Vies for Top European Design Award: Copenhagen, Denmark — The innovative "Bicinete," a hybrid of a bicycle and a scooter, is vying for one of Europe's most pres ...; Yim Kwangsoo Correspondent 2025.09.19

Aviation Industry Urges Governments to Prioritize Sustainable Fuel Production: Montreal, Canada — The International Air Transport Association (IATA) is calling on governments to shift their focus from ma ...; KO YONG-CHUL Reporter 2025.09.19

Chile's Startup Ecosystem and the Shadow of 'Invisible Costs': A Burnout Alert: A dark shadow is being cast over Chile's startup ecosystem, once heralded as a symbol of innovation and growth. While a dazzling n ...; Pedro Espinola Special Correspondent 2025.09.16

Paraguay's Construction Industry Expresses Concern over Reduced Infrastructure Investment in 2026 Government Budget: Despite recent vigorous construction projects in the residential, corporate, and industrial sectors, the construction industry is ...; Pedro Espinola Special Correspondent 2025.09.15

First Fan Export Success... $5 Million Export Deal Secured in Argentina: A new vitality is emerging in Paraguay's home appliance industry. On the 14th, local company Goldmund marked a significant milesto ...; Pedro Espinola Special Correspondent 2025.09.15

Expo Norte: Economic Ripple Effects with a Glimmer of Hope: CONCEPCIÓN – Expo Norte, recently held in Concepción, was more than just a dazzling showcase for large corpora ...; Eugenio Rodolfo Sanabria Reporter 2025.09.15

S. Korea's Supreme Court Rules Existing Pharmacies Can Sue Over New Rival's Location: SEOUL – The Supreme Court of South Korea has issued a landmark ruling, granting existing pharmacists the legal standing to f ...; Hwang Sujin Reporter 2025.09.13

FDA to Conduct Surprise Inspections of Overseas Drug Factories, Including South Korea: The U.S. Food and Drug Administration (FDA) has announced a significant shift in its policy, stating it will begin conducting unan ...; Graciela Maria Reporter 2025.09.13

U.S. Coffee Prices Soar to 28-Year High Amid Brazilian Tariff and Supply Woes: NEW YORK — The aroma of freshly brewed coffee, once a simple comfort, now carries the scent of economic turbulence for milli ...; Sharon Yoon Correspondent 2025.09.12

Itaipu Makes History with 3.1 Billion MWh of Energy Produced: The Itaipu Hydroelectric Power Plant, one of the world's largest hydroelectric dams located on the border between Paraguay and Bra ...; Hwang Sujin Reporter 2025.09.10

Cotton Yarn Imports Drive Growth in Textile Industry: Annual imports of cotton yarn, valued at $3-6 million, are an essential component of Paraguay’s textile and apparel industry ...; Global Economic Times Reporter 2025.09.10

Paraguay Promulgates Three Key Economic Revitalization Laws: ASUNCIÓN, Paraguay — As part of the 2025 'Paraguay Business Week,' President Santiago Peña officially promulga ...; Graciela Maria Reporter 2025.09.10