Global Economic Times

2026.07.21 (Tue)
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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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S. Korea to Launch Government-Backed 'K-Brand' Certification to Combat Global Counterfeiting: SEOUL — The South Korean government has announced a decisive shift in its strategy to protect national intellectual property ...; Desk 2026.04.01

Egypt: The Rebirth of Wine’s Origins in an Ancient Civilization: (C) West wall of the Tomb of Nakht Egypt is widely known among Koreans as a land of ancient wonders—home to the Sphinx, t ...; LEE YEON SIL Reporter 2026.04.01

Gmarket to Launch New ‘KKOK’ Membership on April 23: Joining the E-Commerce ‘Rewards War’: SEOUL – Gmarket, a leading South Korean e-commerce giant, is set to shake up the market with the launch of its new paid subs ...; Kim Sungmoon Reporter 2026.03.30

Localization of Specialized Semiconductors Complete: 4-Inch Wafer Yield Hits 95%: SEOUL — South Korea has secured a critical foothold in the global race for semiconductor sovereignty. The Korea Advanced Nan ...; KO YONG-CHUL Reporter 2026.03.30

Arm Breaks 35-Year Tradition to Sell Own Chips, Challenging Intel and AMD in AI Race: SEOUL — Arm, the global leader in semiconductor intellectual property (IP), has officially announced its entry into the sili ...; Ana Fernanda Reporter 2026.03.26

President Lee Attends Rollout of First Mass-Produced KF-21: "A Symbol of Self-Reliant Defense and Global Ambition": SACHEON, South Korea – On March 25, 2026, President Lee Jae-myung attended the rollout ceremony for the first mass-produced ...; Global Economic Times Reporter 2026.03.26

GIST Unveils 'Virtual Battery' Framework to Turn Thousands of EVs into a Unified Power Resource: GWANGJU, South Korea – Researchers at the Gwangju Institute of Science and Technology (GIST) have developed a groundbreaking ...; Kim Sungmoon Reporter 2026.03.24

Naver D2SF Launches 18th Campus Tech Startup Competition to Foster Next-Gen Innovators: Naver D2SF (D2 Startup Factory) announced on Friday the opening of its "18th Campus Tech Startup Competition," a specialized incub ...; KO YONG-CHUL Reporter 2026.03.22

HP Targets Korea as Strategic Hub for 'Edge AI' Expansion, Seeking Startup Partnerships: HP, the global computing giant, has announced its transition into the era of "Edge AI," moving beyond cloud-centric models to acce ...; Global Economic Times Reporter 2026.03.22

LG Energy Solution to Pivot Strategy: Boosting ESS and New Business Share to Mid-40% Range: (C) The Investor SEOUL – LG Energy Solution (LGES), a global leader in the battery industry, has announced a significant ...; Desk 2026.03.20

BMW ‘The New i3’ Next-Gen EV: 900km Range: MUNICH — As the automotive world pivots toward a sustainable future, BMW has officially unveiled what may be the most pivota ...; Global Economic Times Reporter 2026.03.19

Samsung Electronics Bets Big on AI Era with Record $83 Billion Investment Blitz: SEOUL – In a bold bid to cement its dominance in the burgeoning artificial intelligence (AI) landscape, Samsung Electronics ...; KO YONG-CHUL Reporter 2026.03.19

LG Electronics Slashes Entry-Level OLED TV Prices in Europe to Counter Chinese LCD Dominance: BERLIN – In a strategic move to solidify its dominance in the global home entertainment market, LG Electronics has announced ...; Desk 2026.03.18

Power Semiconductor Prices Surge Following Memory Chips: Production Costs and AI Demand Fuel Hike: (C) Astute Group Overview: A Perfect Storm in the Legacy Node MarketThe global semiconductor supply chain is facing a new wave ...; Global Economic Times Reporter 2026.03.18

Chungnam Techno Park to Launch 'Hydrogen Industry Council' with 16 Key Organizations Building an Action-Oriented Governance for the Region's Hydrogen Ecosystem: CHUNGNAM, South Korea — In a strategic move to solidify its position as a global leader in the hydrogen economy, Chungnam Te ...; HONG MOON HWA Senior Reporter 2026.03.16

LG Electronics Unveils Specialized HVAC Solutions in India, Aiming for B2B Market Leadership: [MUMBAI, INDIA] — LG Electronics is making a strategic push into the Indian B2B market by showcasing a comprehensive suite o ...; Hee Chan Kim Reporter 2026.03.16

Shinil Electronics Eyes KRW 200 Billion Revenue Target Through Product Diversification and Digital Transformation: Shinil Electronics, South Korea’s undisputed leader in the electric fan market, has officially announced a strategic roadmap ...; Kim Sungmoon Reporter 2026.03.16

BYD Set to Break Record: Fastest Import Car Brand to Hit 10,000 Sales in Korea: BYD, the global electric vehicle giant, is on the verge of rewriting the history of the South Korean imported car market. Accordin ...; KO YONG-CHUL Reporter 2026.03.16

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

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