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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"K-Demon Hunters" Fuels Historic Surge in Korean Cultural Tourism: SEOUL — The global phenomenon of the Netflix animated series "K-Demon Hunters" has ignited a new wave of cultural tourism in ...; Hwang Sujin Reporter 2025.08.26

HD Hyundai Launches Landmark Investment Program to Rebuild U.S. Shipbuilding Industry: WASHINGTON, D.C. — HD Hyundai has deepened its strategic partnership with the United States by launching a landmark, multi-b ...; Eunsil Ju Reporter 2025.08.26

Paraguay Kicks Off Green Hydrogen Production Using Itaipu Hydroelectric Power Plant: Paraguay is accelerating its efforts to produce green hydrogen by utilizing surplus power from the Itaipu hydroelectric power plan ...; Greace Nunez Correspondent 2025.08.22

Cosmecca Korea Poised for Global Expansion Following Landmark Halal Certification: SEOUL – In a strategic move set to reshape its global market presence, Cosmecca Korea, a powerhouse in the South Korean cosm ...; LEE YEON SIL Reporter 2025.08.21

SPC Group Launches Major Halal Bakery in Malaysia to Target Global Market: KUALA LUMPUR, MALAYSIA – SPC Group, a leading South Korean food conglomerate, has officially opened a state-of-the-art, larg ...; Pedro Espinola Special Correspondent 2025.08.21

Halal Certification Consultation for Businesses Now Underway... Free Support from MFDS: The export value of K-Food and K-Cosmetics is increasing every year, and tourists visiting Korea do not hesitate to spend money on ...; KO YONG-CHUL Reporter 2025.08.21

South Korea's "Labor Police" Initiative Sparks Debate: Is It About Safety or Punishment?: SEOUL—In a dramatic policy shift, the South Korean government is pushing forward with a massive expansion of its industrial ...; ONLINE TEAM 2025.08.20

A New Approach to Workplace Safety: Balancing Enforcement and Prevention: The South Korean government, under the strong leadership of President Lee Jae-myung, is considering new and stringent penalties fo ...; Hwang Sujin Reporter 2025.08.20

South Korean Industries Brace for Impact as US Expands Steel Tariffs: Washington, D.C. - The U.S. government has expanded its Section 232 tariffs on imported steel and aluminum products, a move that i ...; Sharon Yoon Correspondent 2025.08.18

"K-wave's Next Chapter: A Global Gold Rush Challenges South Korea's Creative Dominance": LOS ANGELES – The global fanfare for the Netflix film "K-pop Demon Hunters" (often stylized as "Kedeheon" in South Korea) ha ...; Hwang Sujin Reporter 2025.08.16

Gyeongnam Province Rolls Out 'Stay-and-Explore' Packages to Woo Chinese Tourists: CHANGWON, South Korea — Gyeongsangnam-do (Gyeongnam) Province has launched a series of new, immersive tour packages designed ...; Hee Chan Kim Reporter 2025.08.13

US Tariffs on 1kg Gold Bars Shake Global Market: NEW YORK – In a move that has surprised the global gold industry, the U.S. government has begun imposing tariffs on imported ...; Graciela Maria Reporter 2025.08.11

NVIDIA, AMD to Pay 15% of China Revenue for Export License, Report Says: WASHINGTON – In a move described as "unprecedented," tech giants Nvidia and AMD have reportedly struck a deal with the U.S. ...; Eugenio Rodolfo Sanabria Reporter 2025.08.11

Ilhwa Accelerates Southeast Asian Expansion with Vietnamese Market Entry: SEOUL – In a strategic move to solidify its presence in the burgeoning Southeast Asian market, Ilhwa, a prominent South Kore ...; Desk 2025.08.11

Record-Breaking Panama Geisha Coffee Sells for Over $30,000 Per Kilogram at Auction: BOQUETE, PANAMA – Panama's world-renowned Geisha coffee, often hailed as the "God of coffee," has once again captured global ...; Greace Nunez Correspondent 2025.08.11

South Korea's Job Market Hits 26-Year Low Amid Manufacturing Slump: SEJONG – South Korea's job market is experiencing its most significant downturn in a generation, with the number of job open ...; KO YONG-CHUL Reporter 2025.08.11

Apple Announces Additional $100 Billion U.S. Investment, Unveils New Partnership With Samsung: CUPERTINO, CA — In a significant expansion of its domestic manufacturing commitments, Apple announced on August 6 that it wi ...; Ana Fernanda Reporter 2025.08.07

President Trump Announces Sweeping 100% Tariff on Imported Semiconductors: WASHINGTON — In a dramatic move aimed at revitalizing domestic manufacturing, President Donald Trump announced on Wednesday ...; Eugenio Rodolfo Sanabria Reporter 2025.08.07

Paraguay's Development Finance Agency (AFD) Announces Focus on Green and Road Construction Projects: ASUNCIÓN – The Development Finance Agency (AFD) of Paraguay has announced its plan to concentrate investments on gree ...; Yim Kwangsoo Correspondent 2025.08.06

Samsung C&T Enters Buenos Aires Subway Construction Project: Following Saudi Arabia, Samsung C&T's Engineering & Construction Group is accelerating its global business expansion by bi ...; Ana Fernanda Reporter 2025.08.06