Global Economic Times

2026.06.05 (Fri)
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South Korea’s Top Five Automakers Suffer Broad May Sales Decline Amid Weakening Domestic Demand and Global Headwinds

SEOUL — South Korea’s five major domestic automakers experienced a coordinated downturn in performance last month, reporting a contraction across both domestic sales channels and internati
Chinese Humanoid Robotics Pioneer Unitree Clears Shanghai IPO Hurdle to Raise $580 Million

In a monumental milestone for the global robotics ecosystem, Unitree Robotics, one of China’s most prominent humanoid robotics developers, has successfully cleared the regulatory hurdles require

Hyundai Motor Bets on ‘The New Grandeur’ to Jumpstart Sluggish Domestic Sales

SEOUL — Hyundai Motor Company is turning to its iconic flagship sedan, the Grandeur, to spearhead a rebound in its domestic performance after experiencing a sharp decline in sales last month. Wh

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GBSA Emerges as Digital Security Powerhouse, Top-Ranked in Provincial Security Assessment: (C) Cimatri SUWON, GYEONGGI — The Gyeonggi Business & Science Accelerator (GBSA), led by Executive Director Kim Hyun- ...; Global Economic Times Reporter 2026.03.16

Price Fixing in the Pork Industry: Nine Processors Fined 3.1 Billion Won for Colluding on Supply Prices to E-Mart: SEOUL – In a landmark move to curb unfair trade practices in the food industry, South Korea's antitrust watchdog has imposed ...; Global Economic Times Reporter 2026.03.15

Hyundai Halts Sales of "The All-New Palisade" Following Fatal Safety Incident in the U.S.: SEOUL — Hyundai Motor Company has officially suspended sales of certain trims of its flagship large SUV, "The All-New Palisa ...; Eunsil Ju Reporter 2026.03.15

From AI Assistance to Action: Samsung Unveils the Galaxy S26 Ultra and Buds4 Pro: SEOUL – Samsung Electronics has officially ushered in the era of the "Agentic AI" smartphone with the release of the Galaxy ...; Ana Fernanda Reporter 2026.03.12

Google, SKT, and Nexon Named South Korea’s ‘Best Places to Work’ for 2026: SEOUL – JobPlanet, the AI-driven career platform operated by HR tech firm WorkSphere, officially announced the winners of th ...; Min Gyu Mi Reporter 2026.03.11

E-Mart to Take Full Ownership of Shinsegae Food Through Comprehensive Stock Exchange: SEOUL — E-Mart, South Korea’s retail giant, has officially moved to incorporate its subsidiary, Shinsegae Food, as a w ...; Hee Chan Kim Reporter 2026.03.11

“Mastering Household Chores”: US Humanoid Robot Demonstrates Living Room Cleaning Capabilities: (C) Reddit Silicon Valley — In a breakthrough for domestic automation, the vision of a robot butler has moved a step clos ...; Eunsil Ju Reporter 2026.03.11

K-Battery Giants Unveil Next-Gen Tech and ESS Strategies to Overcome EV "Chasm" at InterBattery 2026: (C) Nikkei Asia SEOUL – As the electric vehicle (EV) market faces a temporary slowdown, known as the "chasm," South Korea ...; KO YONG-CHUL Reporter 2026.03.11

Samsung Establishes Specialized 'Hand Lab' to Solve Humanoid Robot Dexterity: (C) The Daily Upside SEOUL — Samsung Electronics has officially launched a dedicated research organization, "Hand Lab," u ...; Global Economic Times Reporter 2026.03.11

KEXIM Ignites 'K-Finance' with 450 Billion Won Support for Taihan Cable’s Submarine Plant: (C) Taihan News SEOUL – The Export-Import Bank of Korea (KEXIM) is taking a decisive step to bolster the nation’s c ...; Yim Kwangsoo Correspondent 2026.03.09

Japan Approves World's First iPSC-Derived Therapies: A New Era for Regenerative Medicine: (C) Pharm Prom In a landmark decision for global healthcare, the Japanese government has officially approved the world's first ...; Ana Fernanda Reporter 2026.03.09

South Korean Steelmakers on the Brink: Scrambling for Survival Amid Rising Nighttime Electricity Rates: The South Korean steel industry is facing a perfect storm. Already struggling with a flood of low-priced Chinese steel and high-ta ...; KO YONG-CHUL Reporter 2026.03.09

Doosan Robotics to Supply 100+ Robot Solutions to Kwangjin Group, Accelerating Global Manufacturing Innovation: (C) Doosan Robotics Doosan Robotics is accelerating the transition to robotic automation in manufacturing through a strategic p ...; KO YONG-CHUL Reporter 2026.03.09

Namyangju Targets Gwacheon Racecourse Relocation: A Vision for a "Blue-Green" Mega-Complex Linked to GTX and 3rd Generation New Towns: NAMYANGJU – In a strategic move to redefine its urban identity and bolster financial independence, Namyangju City has offici ...; KIM YOUNG MIN 2026.03.08

Domino’s Korea Embraces "Authentic Stateside Flavors" with New American Classic Pizza Duo: SEOUL – Domino’s Pizza Korea announced on March 6, 2026, the launch of its "American Classic Pizza" line, featuring tw ...; Hwang Sujin Reporter 2026.03.07

Sempio and KFRI Join Forces to Pioneer High-Value Food Technologies: SEOUL — Sempio, South Korea’s leading food company renowned for its fermentation expertise, has announced the signing ...; KIM YOUNG MIN 2026.03.07

Yujin Robot Evolves Industrial Automation: Integrating Autonomous Mobility and Collaborative Robotics: (C) Yujin Robot SEOUL — Yujin Robot, a pioneer in the Korean robotics industry, is accelerating its expansion into the in ...; ONLINE TEAM 2026.03.07

Hanwha Aerospace Solidifies Baltic Stronghold with $330M Defense Investment in Estonia: (C) Hanwha TALLINN – Hanwha Aerospace, South Korea’s leading defense contractor, has announced a landmark investmen ...; Hwang Sujin Reporter 2026.03.07

U.S. Labor Market Faces Cold Snap: Payrolls Plummet by 92,000 as Unemployment Edges Up to 4.4%: (C) CBS 42 NEW YORK — The resilient U.S. labor market hit a significant stumbling block in February, as nonfarm payrolls ...; Eugenio Rodolfo Sanabria Reporter 2026.03.07

Future on Three Wheels: Aptera Delivers World's First Solar-Powered Electric Vehicle: (C) KPBS SAN DIEGO — The dream of a car that never needs to be plugged in moved one step closer to reality today as Califo ...; Kim Sungmoon Reporter 2026.03.06

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