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

Industry

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The Keumyoung Co., Ltd. Inaugurates State-of-the-Art Headquarters in Daejeon, Signaling Growth in Advanced Industrial Sector: DAEJEON, SOUTH KOREA – The Keumyoung Co., Ltd. [(주)더금영], a prominent South Korean firm specializing in the design and manufa ...; HONG MOON HWA Senior Reporter 2025.04.20

Daejeon City First Recipient of the 2025 National Industry Award in the Space Industry Leading City Category: Recognized for achievements in strengthening the competitiveness of space companies through the Daejeon SAT Project, Regulatory Sa ...; HONG MOON HWA Senior Reporter 2025.04.20

LG Innotek's Dream Factory: Pioneering AI-Powered FC-BGA Production to Challenge Global Leaders: GUMI, South Korea – On a recent visit to LG Innotek's "Dream Factory" in Gumi, North Gyeongsang Province, the state-of-the-a ...; KO YONG-CHUL Reporter 2025.04.20

Gmarket Broadens Guaranteed Delivery Service to Empower Third-Party Sellers and Enhance Customer Satisfaction: Gmarket, a prominent e-commerce platform under the South Korean retail giant Shinsegae Group, has announced a significant expansio ...; KO YONG-CHUL Reporter 2025.04.20

Busan's Shipbuilding Equipment Firms Set Sail for China's Massive Market: Busan's shipbuilding equipment manufacturers are intensifying their efforts to penetrate the world's largest shipbuilding market, ...; Yim Kwangsoo Correspondent 2025.04.19

Sejong City's Apartment Market Heats Up Amid Presidential Office Relocation Discussions Ahead of June Election: Sejong City's real estate market is experiencing a notable surge, particularly in its apartment sector, as discussions surrounding ...; HONG MOON HWA Senior Reporter 2025.04.19

Pyeongtaek City Selected for Ministry of SMEs and Startups' 'Neighborhood Commercial District Development Center' Network Project: Pyeongtaek City has been chosen as one of the recipients of the Ministry of SMEs and Startups' (MSS) "Neighborhood Commercial Dist ...; Hwang Sujin Reporter 2025.04.19

New Air Link to Connect Ulsan and Remote Ulleungdo, Boosting Regional Accessibility and Tourism: Ulsan, South Korea – Residents of Ulsan and those eager to explore the captivating natural beauty of Ulleungdo Island will s ...; KIM YOUNG MIN 2025.04.19

Jeju Province Unveils Draft Ordinance Amendments to Spur Economic Growth and Ease Construction Regulations: JEJU SPECIAL AUTONOMOUS PROVINCE – In a bid to revitalize the regional economy and alleviate long-standing grievances relate ...; KO YONG-CHUL Reporter 2025.04.19

Jeju Island Enhances Water and Wastewater Infrastructure in Key Offshore Islands to Improve Quality of Life: Jeju Special Self-Governing Province announced on April 17th its ongoing commitment to significantly improving the living environm ...; KO YONG-CHUL Reporter 2025.04.19

Jeju Island's "Regional Innovation Project" Aims to Boost Tourism Jobs and Premium Experiences: Jeju Island, a jewel of South Korea renowned for its stunning natural landscapes and unique cultural heritage, is embarking on an ...; Yim Kwangsoo Correspondent 2025.04.19

Delayed Bloom Expected for Jeju Open-Field Mandarin Oranges, Prompting Farmer Adaptations: JEJU, South Korea – The anticipated blooming period for open-field mandarin oranges (Citrus unshiu) in Jeju Island is projec ...; KIM YOUNG MIN 2025.04.19

Centuries of Tradition Thrive as Yangyang Traditional Market Welcomes the Spring Season: Nestled in a picturesque locale where the majestic Seoraksan Mountain meets the vast East Sea and the serene Namdaecheon Stream fl ...; Hwang Sujin Reporter 2025.04.19

Incheon Gears Up for New Era of Auto Sports with Innovative Racing Facilities: Incheon is poised to become a burgeoning hub for auto sports enthusiasts with the upcoming development of two distinct and excitin ...; KO YONG-CHUL Reporter 2025.04.19

Incheon Airport Overwhelmed by Record-Breaking International Passenger Traffic Ahead of Golden Holiday: Incheon International Airport is experiencing an unprecedented surge in international passenger traffic, with figures for the firs ...; Hwang Sujin Reporter 2025.04.19

South Korea Faces Agricultural Crisis as Farm Household Population Expected to Fall Below One Million: South Korea's agricultural sector is facing a deepening crisis as the farm household population is projected to drop below the one ...; Hwang Sujin Reporter 2025.04.19

Hyundai Dominates U.S. News & World Report's 2025 Best Hybrid and Electric Vehicle Awards: Hyundai Motor Company has announced its remarkable success at the U.S. News & World Report's 2025 Best Hybrid and Electric Veh ...; Yim Kwangsoo Correspondent 2025.04.19

Pennsylvania's Federal Workforce Shrinks Significantly Amid Trump-Era Cuts: New data released by the U.S. Bureau of Labor Statistics (BLS) reveals that Pennsylvania is experiencing a disproportionately larg ...; Desk 2025.04.19

Suwon City to Showcase Local SMEs at IFA 2025 in Berlin: Suwon City, a hub of innovation in Gyeonggi Province, South Korea, has announced an exciting opportunity for its burgeoning small ...; KO YONG-CHUL Reporter 2025.04.18

South Korean Auto Parts Maker Dasung Expands Mexico Plant, Strengthening Ties with GM Amidst US Tariff Relief: SAN LUIS POTOSI, MEXICO – South Korean automotive component manufacturer Dasung is doubling down on its investment in Mexico ...; KO YONG-CHUL Reporter 2025.04.18