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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Brazil's Central Bank Hikes Key Rate to 19-Year High Amid Persistent Inflation Concerns: Brasília, Brazil – In a resolute move to combat persistent inflationary pressures, the Central Bank of Brazil's Monet ...; Ana Fernanda Reporter 2025.05.08

China Pivots to Australia and India for Livestock Feed as Trade Spat with Canada Escalates: Beijing – China is actively forging new trade partnerships with Australia and India to secure alternative sources for crucia ...; Eugenio Rodolfo Sanabria Reporter 2025.05.08

South Korean Shipbuilding Giants HD Hyundai Heavy Industries and Hanwha Ocean Forge Alliance for Canada's Multi-Billion Dollar Submarine Overhaul: Seoul, South Korea – In a significant move signaling a powerful alliance in the global defense sector, South Korean shipbuil ...; Desk 2025.05.08

China's Booming Bioreagent Market Driven by Rapid Life Science Advancements: The burgeoning field of life sciences in China is acting as a significant catalyst for the nation's bioreagent market, a sector vi ...; Pedro Espinola Special Correspondent 2025.05.08

Korean Pet Industry Eyes Booming Italian Market with Debut at ZOOMARK 2025: BOLOGNA, ITALY – Ten South Korean pet industry companies are making a concerted push into the burgeoning Italian pet market, ...; Hwang Sujin Reporter 2025.05.08

Samsung Heavy Industries Unveils Advanced Deepwater FLNG Solution, Garners Key Certifications to Spearhead Offshore Gas Development: Samsung Heavy Industries (SHI), a global leader in shipbuilding and offshore engineering, has announced a significant breakthrough ...; Greace Nunez Correspondent 2025.05.08

Hyundai Bets on Humanoid Robotics to Revolutionize US Auto Manufacturing at Georgia Megafactory: Seoul, South Korea – Hyundai Motor Group is making a bold leap into the future of automotive manufacturing with the planned ...; KO YONG-CHUL Reporter 2025.05.07

K-Beauty's Global Ascendancy: US Emerges as Potential Top Export Destination Amidst Robust Growth: Seoul, South Korea – The allure of K-Beauty continues its powerful global expansion, evidenced by the latest trade figures r ...; Graciela Maria Reporter 2025.05.07

Woori Bank Establishes Polish Branch to Back Korean Water Industry SMEs Amidst Eastern European Expansion: Seoul, South Korea – Woori Bank, a prominent South Korean financial institution, has officially inaugurated its branch in Wa ...; KO YONG-CHUL Reporter 2025.05.07

BioFriends Expands into Indonesian Clean Energy Market with Local Subsidiary and DME Plant Project: Seoul, South Korea – BioFriends Co., Ltd., a prominent climate technology innovator, has solidified its presence in the burg ...; Graciela Maria Reporter 2025.05.07

South Jeolla Province Aggressively Pursues Indonesia's Burgeoning Renewable Energy Market, Securing Initial Deals and Strategic Partnerships: South Jeolla Province, a burgeoning hub for clean energy in South Korea, is making significant strides in its ambition to penetrat ...; Yim Kwangsoo Correspondent 2025.05.07

Uber Navigates Global Landscape with Strategic Partnerships Amid Shifting Economic Winds and AV Race: San Francisco, CA – As Uber gears up for its first-quarter earnings report, the ride-hailing and delivery giant is strategic ...; Eugenio Rodolfo Sanabria Reporter 2025.05.07

Vietnam's Agricultural and Fisheries Sector Flourishes with Robust Export Growth Amidst Rising Global Prices: Hanoi, Vietnam – Vietnam's agricultural and fisheries sector is experiencing a period of significant prosperity, with export ...; Eugenio Rodolfo Sanabria Reporter 2025.05.07

HiteJinro Navigates US-Vietnam Tariff Talks with High Stakes for Soju's Global Ambitions: Seoul, South Korea – The initiation of trade negotiations between Vietnam and the United States, prompted by tariffs imposed ...; ONLINE TEAM 2025.05.07

Dongbu Construction Wins Top Prize at Drone-Utilizing Construction Safety Innovation Contest: Dongbu Construction (KRW 4,150, down KRW 25 or 0.60%) announced on the 7th that it won the top prize (Excellence Award), the first ...; KO YONG-CHUL Reporter 2025.05.07

Daejeon Unveils Ambitious Strategy to Dominate Future Secondary Battery Market: Daejeon Metropolitan City, a hub of scientific research and technological innovation in South Korea, has announced a comprehensive ...; HONG MOON HWA Senior Reporter 2025.05.07

South Korean Construction Sector Grapples with Existential Crisis as Closures Soar and New Entrants Dwindle: The South Korean construction industry is facing a deepening crisis, evidenced by a 14-year high in business closures and a record ...; Desk 2025.05.06

Obligado's Family Farming Fair Cultivates Community and Economy: OBLIGADO, PARAGUAY - A vibrant weekly family farming fair has blossomed into a cornerstone of community development in the Municip ...; Pedro Espinola Special Correspondent 2025.05.06

Paraguay Sesame Harvest Starts Early with "Very Good" Quality and Yields… Focusing on Expanding Sales Channels Amid Export Market Competition: The Paraguayan Sesame Exporters' Association (Capexse) has announced that this year's sesame harvest in Paraguay began earlier tha ...; Graciela Maria Reporter 2025.05.06

Paraguay Accelerates Semiconductor Industry Talent Development… 25 Engineers Embark on Training in Taiwan: Paraguay is actively promoting the development of specialized personnel in the semiconductor industry, which is attracting attenti ...; Eugenio Rodolfo Sanabria Reporter 2025.05.06