Global Economic Times

2026.07.22 (Wed)
All articles

LOGIN
JOIN

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

Industry

Search: 1,953

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

Brain Drain: South Korea Loses Top Scientists to China's Aggressive R&D Push: South Korea, a global leader in memory semiconductors, is facing a critical challenge as its top scientific minds are being lured ...; Ana Fernanda Reporter 2025.04.27

Volkswagen Considers US Production of Audi to Circumvent Potential Trump Tariffs: German automotive giant Volkswagen is reportedly exploring the possibility of manufacturing some Audi vehicles within the United S ...; KO YONG-CHUL Reporter 2025.04.27

Trump's Protectionism and Anti-Immigration Policies Send Shockwaves Through the Aviation Industry: The aviation industry is facing significant headwinds as a direct consequence of U.S. President Donald Trump's protectionist trade ...; Eugenio Rodolfo Sanabria Reporter 2025.04.27

Premium Chinese Restaurant Chain Launches 'Presidential Jajangmyeon' in Conjunction with South Korean Election: Seoul, South Korea – In a unique culinary initiative coinciding with the upcoming South Korean presidential election on June ...; Hwang Sujin Reporter 2025.04.26

Chungbuk Province Takes Action Against "Drug" Labeling in Food Names: Chungbuk Province is set to curb the prevalent practice of using the term "drug"(mayak) in food names, such as "Mayak tteokbokki" ...; KO YONG-CHUL Reporter 2025.04.26

Seoul Consumers Feel the Pinch as Gimbap Prices Continue to Climb: SEOUL - The price of gimbap, a widely favored and convenient meal for consumers in Seoul, has once again risen, adding to the grow ...; Yim Kwangsoo Correspondent 2025.04.26

K-Beauty Brand 'Droett' Expands Global Presence, Entering Tokyo and Chicago Markets: South Korean beauty brand 'Droett,' renowned for its self-proclaimed title of 'the most hydrating lipstick in the world,' is makin ...; Desk 2025.04.26

K-Beauty's Unprecedented Global Surge: Indie Brands Lead the Charge, Surpassing France in the US Market: SEOUL - Korean beauty (K-Beauty) is experiencing a remarkable surge in the global market, fueled by a confluence of factors includ ...; Kim Sungmoon Reporter 2025.04.26

South Korea's MFDS Intensifies Support for Domestic Cosmetics Industry's Entry into the Global Halal Market: The Ministry of Food and Drug Safety (MFDS) of South Korea, headed by Commissioner Oh Yu-kyoung, has announced a significant push ...; KO YONG-CHUL Reporter 2025.04.26

Global Beauty Brands Struggle in South Korea, Facing Declining Profits and Exits: Global cosmetic brands are facing significant headwinds in South Korea, the home turf of K-beauty. Declining profitability and a s ...; Hwang Sujin Reporter 2025.04.26

Kosolke Wins '2025 Korea Industry Awards' Beauty Grand Prize for Differentiated Technology and Global Market Success: Kosolke Co., Ltd. has been honored with the Beauty Grand Prize at the '2025 Korea Industry Awards', recognizing its distinguished ...; KO YONG-CHUL Reporter 2025.04.26

K-Beauty's Global Popularity Fuels Explosive Growth in Cosmetics Packaging Industry: The global surge in popularity of K-beauty is bringing a wave of prosperity to the cosmetics packaging industry. As K-beauty produ ...; Hwang Sujin Reporter 2025.04.26

K-Beauty Forum Bridges Korean Cosmetic Firms and Russian Industry Amidst Strong Popularity: Moscow, Russia – A K-Beauty Forum 2025 was recently held in Moscow, connecting South Korean cosmetic companies with key play ...; Desk 2025.04.26

Foreign Investors' Continued Sell-Off in KOSPI Raises Questions of Return: Despite some easing of concerns that have weighed on investor sentiment in the South Korean stock market, including earnings, tari ...; KO YONG-CHUL Reporter 2025.04.26

Fake High-Yield Mongolian Bank Bonds Scam Alert Issued by South Korean Financial Watchdog: Seoul, South Korea – South Korean financial authorities have issued a stern warning to investors regarding a sophisticated o ...; KO YONG-CHUL Reporter 2025.04.26