Global Economic Times

2025.10.22 (Wed)
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US Ships to be Built in South Korea: Washington Considers Easing Protective Maritime Laws for Alliance Shipbuilding Cooperation

The Donald Trump administration is reportedly giving serious consideration to a measure that would partially open the US shipbuilding market to allied nations, including South Korea, according to sour
South Korea to Drastically Increase Domestic LNG Shipping Rate to 70%

SEOUL — The South Korean government is pushing a bold plan to mandate that domestic shipping companies handle 70% or more of the nation's imported Liquefied Natural Gas (LNG) transport, a si

Hyundai Motor Rises to Global Top Tier, Ranks 33rd in TIME's 'World's Best Companies 2025'

Hyundai Motor Company has dramatically affirmed its heightened international competitiveness by securing the 33rd position in TIME magazine's recent "World's Best Companies 2025" e

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Shein Hikes U.S. Prices by Up to 377% as Tariff Deadline Looms: In a dramatic shift, Chinese online retail giant Shein has significantly increased prices on its U.S. product listings, with some ...; Ana Fernanda Reporter 2025.04.28

China Rolls Out Enhanced Tax Refund Scheme to Spur Foreign Tourism and Spending: Beijing, China – In a significant move aimed at revitalizing its tourism sector and boosting foreign consumption, China has ...; Kim Sungmoon Reporter 2025.04.28

Arensia Intensifies Japan Market Push with LOFT COSFES Participation and Ginza Pop-Up: SEOUL, SOUTH KOREA – Korean beauty brand Arensia is making significant strides in its global expansion strategy, with a stro ...; Hwang Sujin Reporter 2025.04.28

South Korea's Supreme Court Broadens Definition of Unfair Labor Practices in Favor of Unionized Workers: Seoul, South Korea - In a significant ruling for labor rights, South Korea's Supreme Court has broadened the interpretation of unf ...; Hwang Sujin Reporter 2025.04.28

Hydrogen Vehicle Boom Faces Charging Infrastructure Bottleneck in South Korea: SEOUL, South Korea - South Korea's ambitious push towards a hydrogen-powered transportation future is encountering a significant h ...; KIM YOUNG MIN Specialized Reporter 2025.04.28

POSCO Group Honored with Double Win at Prestigious IR52 Jang Young-shil Awards: SEOUL, South Korea – POSCO Group has once again demonstrated its commitment to innovation and sustainability, securing two d ...; Yim Kwangsoo Correspondent 2025.04.28

South Korea Hikes Train Ticket Cancellation Fees and Fare Evasion Penalties on Peak Days: SEOUL, South Korea – In a move to combat "no-show" passengers and deter fare evasion, South Korea's Ministry of Land, Infras ...; KO YONG-CHUL Reporter 2025.04.28

Paraguay Records Unprecedented Employment Growth: Government Policies Prove Highly Effective: Paraguay has recently marked a remarkable employment surge, signaling a positive upturn in its economic vitality. The Paraguayan M ...; Greace Nunez Correspondent 2025.04.28

52nd Anniversary of the Itaipu Treaty: Paraguay and Brazil's Historic Cooperation and Foundation for Energy Independence: April 26, 2025, marks the 52nd anniversary of the signing of the Itaipu Treaty, which laid the groundwork for the construction of ...; Yim Kwangsoo Correspondent 2025.04.28

Paraguay's Construction Sector Drives Economic Recovery, Generating Over 220,000 Jobs in 2024: Paraguay's construction sector has emerged as a key driver of economic recovery, generating 221,369 jobs in 2024 thanks to proacti ...; Desk 2025.04.28

Regional Supermarket Federation Urges Reconsideration of Sanitary Registration Exemption: Expresses Concern Over Allowed Exemptions for Imported Food and Beverages: The regional supermarket industry has voiced deep concern regarding local measures that suspend and allow exemptions from the sani ...; Ana Fernanda Reporter 2025.04.28

Seeking International Cooperation for the Reconstruction of the Philippine Shipbuilding Industry: Denmark-Philippines Joint Webinar to be Held: The Embassy of Denmark in the Philippines, in cooperation with the Philippine Department of Transportation (DOTr) and the Anti-Red ...; Yim Kwangsoo Correspondent 2025.04.27

Singapore Hosts Successful Opening of GITEX ASIA x Ai Everything, Opening Doors for Asian Technology Collaboration: Singapore – Amidst weeks of fervent anticipation from the regional and international tech industries, the inaugural GITEX AS ...; Eugenio Rodolfo Sanabria Reporter 2025.04.27

Gyeonggi Province Invests $3.9 Million to Expand Coastal Road on Jebudo Island, Boosting Safety and Tourism: Gyeonggi Province has announced a significant investment of 5.2 billion KRW (approximately $3.9 million USD) to enhance the coasta ...; Kim Sungmoon Reporter 2025.04.27

Congestion at Incheon Coastal Ferry Docks and Terminals Hinders Island Accessibility: The Incheon coastal ferry docks and terminals, vital transportation hubs for accessing the city's islands, are facing severe conge ...; Hwang Sujin Reporter 2025.04.27

Incheon Port Accelerates Transition to Eco-Friendly Hub: INCHEON, South Korea – The Incheon Port Authority (IPA), led by CEO Lee Kyong-gyu, is embarking on a significant transition ...; Min Gyu Mi Reporter 2025.04.27

Incheon Port Surpasses National Growth with Strategic Investments and New Routes: Incheon Port has garnered recognition for its remarkable growth over the past five years, outperforming other major domestic ports ...; Min Gyu Mi Reporter 2025.04.27

Incheon Airport Launches ₩500 Million Incubation Program to Foster Innovative Aviation Startups: Incheon, South Korea – Incheon International Airport Corporation (IIAC), led by President Lee Hak-jae, has announced a call ...; KO YONG-CHUL Reporter 2025.04.27

Samsung Boosts India Presence with ₹10 Billion Investment in Tamil Nadu Plant Amid Labor Issues: Samsung Electronics is further solidifying its commitment to the Indian market by injecting ₹10 billion (approximately ₹170 billio ...; Hwang Sujin Reporter 2025.04.27

India's CCTV Market Booms Amidst Rising Security Concerns and Government Initiatives, Offering Opportunities for Korean Firms: New Delhi, India – The Indian closed-circuit television (CCTV) market is experiencing rapid expansion, fueled by increasing ...; Yim Kwangsoo Correspondent 2025.04.27