Global Economic Times

2026.07.22 (Wed)
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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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Paraguayan Power Authority ANDE to Establish Solar Power Lab Near Acaray Dam, Boosting Renewable Energy Expertise: Asunción, Paraguay – Paraguay's National Electricity Administration (ANDE) has announced a significant initiative to ...; Ana Fernanda Reporter 2025.05.19

Chungnam's Specialty Rice Variety 'Hyangjinju' Continues to Gain Popularity in the Netherlands: Chungcheongnam-do Agricultural Research & Extension Services announced that its self-developed intermediate-sticky, fragrant r ...; HONG MOON HWA Senior Reporter 2025.05.18

Major Corporations and Public Institutions Unite for Chungnam Youth at Job Fair: Daejeon, South Korea - The Chungcheongnam-do Province successfully concluded its "2025 Chungnam Youth Job Planning Day" held at So ...; KO YONG-CHUL Reporter 2025.05.18

Chungnam Province Accelerates Ambitious ₩17 Trillion 'Blue Engine' Marine Initiative: Hongseong, South Korea – Chungcheongnam-do (South Chungcheong Province) is actively advancing its comprehensive 'Blue Engine ...; HONG MOON HWA Senior Reporter 2025.05.18

Daejeon Bolsters Science and Technology Ambitions with KRW 250 Billion Investment in 2025 Implementation Plan: Daejeon, South Korea – Daejeon, a city renowned as South Korea’s “Silicon Valley” due to its prominent Dae ...; HONG MOON HWA Senior Reporter 2025.05.18

Chungnam Province Launches Search for Exemplary Businesses Driving Regional Economy: Chungcheongnam-do Province has announced the commencement of the application period for the 32nd Chungnam Enterprise Awards, seeki ...; HONG MOON HWA Senior Reporter 2025.05.18

Nine One Hannam Sets New Record for Highest Apartment Sale in South Korea at $18.4 Million: Seoul, South Korea – A luxurious apartment in the prestigious Nine One Hannam complex, located in the affluent Hannam-dong d ...; Kim Sungmoon Reporter 2025.05.17

Yongin Chip Hub Faces Water Crisis as Dam Project Hits Local Resistance: Yongin, South Korea – A critical water supply project intended to feed the ambitious Yongin Semiconductor Cluster has encoun ...; KIM YOUNG MIN 2025.05.17

Singapore MPA Strengthens Guidelines on ECDIS and ENC Usage, Emphasizing Safe Navigation and Regulatory Compliance: The Maritime and Port Authority of Singapore (MPA) has issued guidelines encouraging shipowners, managers, masters, and officers t ...; KO YONG-CHUL Reporter 2025.05.17

Ambitious Expansion of the World's Best Airport: Singapore Changi International Airport Breaks Ground on Terminal 5: Singapore Changi International Airport, having swept prestigious awards in the aviation industry and been named the 'World's Best ...; KO YONG-CHUL Reporter 2025.05.17

Singapore Airlines Sees Cargo Revenue Rise but Profitability Declines Amidst Intensified Competition… Monitoring Global Trade Environment: Singapore – Singapore Airlines (SIA) Group announced on May 15th that its cargo revenue for the fiscal year 2024/25 increase ...; KO YONG-CHUL Reporter 2025.05.17

Mitsubishi Delivers First Rubber-Tired Light Rail Vehicles to Singapore, Accelerating Public Transportation Modernization: Japanese comprehensive heavy machinery manufacturer Mitsubishi Heavy Industries has successfully delivered the first two sets of r ...; KO YONG-CHUL Reporter 2025.05.17

Paraguayan Region of San Estanislao Obtains Quality Certification for 4 Tons of Papaya: Showcasing a Success Story for Small-Scale Farmers: A farmer in the San Estanislao district of San Pedro Department in northern Paraguay has achieved a significant milestone in local ...; Ana Fernanda Reporter 2025.05.17

Serious Flaws in Paraguay's Industrial Policy Revealed: Lack of Long-Term National Strategy Pointed Out: A recently published report argues that Paraguay urgently needs to establish a long-term national industrial policy, independent o ...; Ana Fernanda Reporter 2025.05.17

Lotte Mart Leverages PB Competitiveness for Bold Entry into Singapore, Accelerating Southeast Asian Market Expansion: Lotte Mart is aggressively expanding its presence in Southeast Asia, making a significant entry into the Singaporean market on the ...; KO YONG-CHUL Reporter 2025.05.15

RoboRobo Targets South American Education Market with BETT Brasil 2025 Participation: RoboRobo, a leading South Korean educational robot company, is accelerating its expansion into Brazil, the largest education marke ...; Hwang Sujin Reporter 2025.05.15

Lotte Tour Development Launches Ultra-Premium 18-Day Business Class Package to Four South American Nations, Promising a "Once-in-a-Lifetime" Special Experience: Lotte Tour Development has ambitiously unveiled an 18-day business class package tour to South America through its premium brand ' ...; Hwang Sujin Reporter 2025.05.15

Paraguay's Bleak Labor Reality: The Pervasive Problem of Informal Employment and the Threat to the Future: The streetscapes of Asunción, Paraguay's capital, and other major cities starkly illustrate the severe problem of informal ...; Pedro Espinola Special Correspondent 2025.05.13

CPChem Sells Singapore HDPE Plant to Aster Chemicals, Signaling Potential Shift in Asia Strategy: U.S. petrochemical giant Chevron Phillips Chemical Co. (CPChem) has officially announced the sale of its entire Singapore business ...; Kim Sungmoon Reporter 2025.05.13

JetBlue-United Collaboration on the Horizon? Industry Eyes Boston Event, Brazil and Singapore Earnings Loom: The 20th week of 2025 could bring a significant shift in the landscape of the U.S. airline industry, with potential discussions fo ...; Hwang Sujin Reporter 2025.05.13