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

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Airport Dimensions Expands into Indonesia with Blue Sky Group Partnership: MAKASSAR, INDONESIA – Airport Dimensions, a global leader in airport experiences, has announced a significant expansion into ...; Eugenio Rodolfo Sanabria Reporter 2025.03.25

Indonesia's LNG Push Sparks Surge in Small-Scale Carrier Demand: JAKARTA – Indonesia's ambitious $1.5 billion initiative to replace diesel with liquefied natural gas (LNG) in its power sect ...; Eugenio Rodolfo Sanabria Reporter 2025.03.25

Hyundai Steel to Build $5.8 Billion Electric Arc Furnace Steel Mill in Louisiana, US: Hyundai Steel announced on March 25th its plan to establish a 2.7 million-ton electric arc furnace (EAF) steel mill in Louisiana, ...; KO YONG-CHUL Reporter 2025.03.25

South Korea's Middle-Aged Workforce Hits Crisis Point as Employment Plummets: Seoul, South Korea - South Korea's economic stability is under threat as employment figures for individuals in their 40s and 50s, ...; ONLINE TEAM 2025.03.25

Songdo Landmark City to Break Ground Next Year: The Incheon Free Economic Zone Authority announced on the 24th that the revised development plan for the 'Songdo Landmark City' pr ...; KO YONG-CHUL Reporter 2025.03.25

Kakao Entertainment Fined 390 Million Won for 8 Years of Covert Online Advertising: The Fair Trade Commission (FTC) has imposed a fine of 390 million won on Kakao Entertainment, South Korea's leading music distribu ...; Desk 2025.03.25

Cement Industry in Crisis: Shipments Plunge to 1980s Levels Amid Construction Slump: SEOUL - South Korea's cement industry is grappling with a severe downturn, as shipment figures have plummeted since the beginning ...; ONLINE TEAM 2025.03.25

Hyundai Motor Group Announces $21 Billion Investment in the U.S. by 2028: Hyundai Motor Group Chairman Euisun Chung, accompanied by President Trump, announced on the 24th (local time) at the White House t ...; KO YONG-CHUL Reporter 2025.03.25

LX Corporation to Modernize Mongolia's Address Information System: SEOUL, South Korea - The Korea Land and Geospatial Informatix Corporation (LX Corporation), under the leadership of CEO Eom Myeong ...; Global Economic Times Reporter 2025.03.25

Jeonbuk NAQS Intensifies Crackdown on Origin Labeling in Government Restaurants: JEONJU, South Korea – The Jeonbuk branch of the National Agricultural Products Quality Management Service (NAQS) has launche ...; Yim Kwangsoo Correspondent 2025.03.25

Jeonbuk Economic Promotion Agency (JEPA) Drives Global E-commerce Growth for Local SMEs with New Support Program: JEONJU, South Korea – In a strategic move to amplify the international presence of regional businesses, the Jeonbuk Economic ...; Yim Kwangsoo Correspondent 2025.03.25

2025 Gyeongnam Tourism Expo: Showcasing the Beautiful Four Seasons and Abundant Attractions of Gyeongnam: The '2025 Gyeongnam Tourism Expo' recently concluded its successful three-day run from March 20th to 22nd at the Changwon Conventi ...; ONLINE TEAM 2025.03.25

Jeju Fishermen Suffer Heavy Losses as Hairtail Catch Plummets Off Taiwan Coast: JEJU ISLAND – Fishermen from Jeju Island are facing severe financial hardships as hairtail catches have drastically declined ...; Yim Kwangsoo Correspondent 2025.03.25

Plummeting Prices and Shipment Delays Plague Jeju Mandarin Growers, NH Launches Consumption Promotion Events: Jeju mandarin growers are facing significant difficulties this year due to a sharp drop in prices and shipment delays. In particul ...; Min Gyu Mi Reporter 2025.03.25

SK Broadband to Build New Trans-Pacific Subsea Cable, 'E2A': SK Broadband has announced plans to construct a new international subsea cable, named 'E2A' (East Asia To North America), connecti ...; Desk 2025.03.24

Home Shopping Giants Battle for Delivery Supremacy with 7-Day Services: The Korean home shopping landscape is undergoing a rapid transformation, with '7-day delivery' services becoming the new battlegro ...; Hwang Sujin Reporter 2025.03.24

Paraguay Pursues Joining TIR System to Boost International Trade: Expected to Overcome Limited Maritime Accessibility and Enhance Export Competitiveness: Paraguay is considering joining the UN-supported International Road Transport (TIR) system as a strategic move to improve internat ...; KO YONG-CHUL Reporter 2025.03.24

Paraguay's Maquila Industry Drives Economic Vitality with Growth in Employment and Exports: Early 2025 Sees Paraguay's Maquila Industry Exports Grow by 23%, Reaching $197 Million Paraguay's maquila industry (assembly and ...; Yim Kwangsoo Correspondent 2025.03.24

Las Vegas Emerges as a Hub of the Global Real Estate Market: RE/MAX International Convention a Resounding Success: Las Vegas, USA, once again solidified its status as a pivotal point for the global real estate industry, hosting the RE/MAX Intern ...; Pedro Espinola Special Correspondent 2025.03.24

Paraguayan Shipbuilding Industry Foresees 'Golden Future' Over Next 20 Years, Expecting $800 Million Economic Impact: The Paraguayan shipbuilding industry is poised to become a key driver of Paraguay's economic growth, generating nearly $800 millio ...; Graciela Maria Reporter 2025.03.24