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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Incheon Songdo Emerging as World’s Largest Bio-Manufacturing Hub: INCHEON — The Incheon Free Economic Zone (IFEZ) Authority announced on Wednesday that Songdo International City’s biop ...; Min Gyu Mi Reporter 2026.02.19

Incheon Metro Line 3 Route Confirmed: Dong-gu Included in Major Transit Expansion: INCHEON – The landscape of public transportation in Incheon’s historic core is set for a dramatic transformation. On F ...; Min Gyu Mi Reporter 2026.02.19

The "Betrayal" of US Beef: Record-High Prices Hit South Korean Dinner Tables: (C) The Hill SEOUL — For years, South Korean consumers turned to American beef as a cost-effective alternative to the pro ...; Yim Kwangsoo Correspondent 2026.02.16

K-Shipbuilding Faces $24 Billion Opportunity as U.S. Unveils Massive Naval Budget: (C) Maritime Gateway SEOUL – South Korea’s leading shipbuilders, including Hanwha Ocean and HD Hyundai Heavy Indust ...; Desk 2026.02.16

The Era of "Bigger is Better": K-Shipbuilders Gear Up for Qatar’s Massive LNG Expansion: (C) ISSUU SEOUL — The global shipbuilding industry is bracing for a seismic shift as QatarEnergy, the state-owned energy ...; Yim Kwangsoo Correspondent 2026.02.15

The 2026 New Car War: From Avante to S-Class, the Battle for Market Dominance Begins: (C) Swarn Garden SEOUL — The South Korean automotive market is entering a state of "total war" in 2026. From budget-frien ...; KIM YOUNG MIN 2026.02.15

South Korea’s "Big 3" Power Equipment Giants Battle for $3.7B "West Coast Energy Highway": SEOUL — The race to build South Korea’s next-generation power grid has officially shifted into high gear. At the "Elec ...; Kim Sungmoon Reporter 2026.02.15

HD Hyundai Marine Solution Lands Record $56M Power Plant Supply Deal in Ecuador: (C) Manifold Times SEOUL – HD Hyundai Marine Solution announced on February 6, 2026, that it has secured a major contract ...; Eugenio Rodolfo Sanabria Reporter 2026.02.15

Hyundai Motor Group Sweeps Two Categories at '2026 Canadian Car of the Year' with Palisade and EV9: (C) CarPro TORONTO — Hyundai Motor Group has once again proven its formidable presence in the North American market, capt ...; Global Economic Times Reporter 2026.02.15

BOGA9 Launches Personalized Customization Program for Carnival Hi-Limousine: (C) CN Motors SEOUL — Boga Co., Ltd., the operator of the premium specialized brand 'BOGA9,' announced today the launch of ...; Hwang Sujin Reporter 2026.02.13

K-Defense Giants and SMEs Unite to Conquer Saudi Market: (C) Military Watch Magazine RIYADH — South Korea’s defense industry is shifting its strategy from individual corpor ...; Kim Sungmoon Reporter 2026.02.11

Semiconductor Super-Cycle Powers Korea’s Fiscal Recovery: Corporate Tax Surge Hits 22 Trillion Won: (C) The Straits Times SEOUL – South Korea’s national tax revenue saw a significant rebound last year, driven by a " ...; Hwang Sujin Reporter 2026.02.11

Export Polarization Intensifies: Top 10 Giants Command 40% of South Korean Exports: SEOUL — South Korea’s export economy is witnessing a stark "K-shaped" divergence. While the nation’s total expor ...; KO YONG-CHUL Reporter 2026.02.11

Wayvis Swings to Profit as Defense Semiconductor Exports Surge: (C) EBN Wayvis, a leading South Korean specialist in Radio Frequency (RF) Gallium Nitride (GaN) semiconductors, announced Monda ...; Graciela Maria Reporter 2026.02.09

South Korean Conglomerates Pledge 270 Trillion Won for Regional Investment to Boost Jobs and Growth: (C) Business Standard SEOUL – In a major move to revitalize local economies and address the youth unemployment crisis, Sout ...; Desk 2026.02.05

LG Electronics: A New Titan in Robotics, or Still Just a Contender?: (C) LG LAS VEGAS — As the dust settles on CES 2026, the financial world is grappling with a pivotal question: Is LG Electro ...; KO YONG-CHUL Reporter 2026.02.03

South Korea’s First Mass-Produced Micro-Satellite Successfully Launched and Linked: (C) The Diplomat South Korea has successfully launched and established communication with its first mass-produced Micro-Satelli ...; Global Economic Times Reporter 2026.01.30

Tesla Weathers the Storm: Q4 Results Beat Estimates Despite Slowing Growth: (C) Teslarati LOS ANGELES — Tesla Inc. managed to pull a rabbit out of the hat on Wednesday, reporting fourth-quarter fin ...; Global Economic Times Reporter 2026.01.29

Chungnam Province Showcases Geumsan Ginseng at Berlin’s International Green Week 2026: (C) Euro Travelo BERLIN – Chungcheongnam-do (Chungnam Province) has successfully concluded a high-profile promotional cam ...; HONG MOON HWA Senior Reporter 2026.01.26

Dongbu Corporation Hits 50% Milestone in El Salvador’s Landmark Los Chorros Infrastructure Project: (C) Diario El Mundo SAN SALVADOR – Dongbu Corporation, a leading South Korean construction firm, has officially surpassed ...; Pedro Espinola Special Correspondent 2026.01.26

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