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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Hyundai E&C Wins Gold at Asia Design Prize for Innovative Housing Model: Seoul, South Korea – Hyundai Engineering & Construction (E&C) has been awarded the Gold Winner in the Space & Ar ...; Desk 2025.02.24

The US battery industry is facing a new turning point through the expansion of large-scale production facilities.: InsideEVs, an electric vehicle media outlet, reported on the 23rd (local time) that 10 new battery plants in the US are scheduled ...; Ana Fernanda Reporter 2025.02.24

Polestar 4 Tops Import EV Sales in January, Overtaking Tesla Model Y: Swedish premium electric vehicle brand Polestar's Polestar 4 topped import EV sales in January, surpassing Tesla. According to the ...; Graciela Maria Reporter 2025.02.23

Korean Researchers Develop AI Model That Can Control Lighting Effects in Photos and Videos With Text Input: A research team at the Ulsan Institute of Science and Technology (UNIST) in South Korea has developed an artificial intelligence ( ...; Hwang Sujin Reporter 2025.02.23

Ulsan City to Trademark Tap Water 'Goraesu' and Build Bottling Facility: Ulsan City is moving forward with plans to trademark its tap water as 'Goraesu' and establish a facility to bottle it. The 'Gorae ...; Hwang Sujin Reporter 2025.02.22

LG Display Achieves Record OLED Sales Proportion, Eyeing Profitability in 2025: SEOUL – LG Display, a leading innovator in display technology, announced on February 22nd that its organic light-emitting di ...; Global Economic Times Reporter 2025.02.22

Trump's 25% Tariff Threat Puts South Korean Auto Industry on Edge: Seoul - The South Korean auto industry is on high alert after former US President Donald Trump mentioned a 25% tariff on imported ...; Yim Kwangsoo Correspondent 2025.02.21

Samsung Electronics Employees' Average Annual Salary Estimated to Be Around ₩128 Million: Seoul, South Korea – According to a recent analysis by the corporate analysis firm Korea CXO Institute, the average annual s ...; KO YONG-CHUL Reporter 2025.02.21

Renault Korea's Grand Koleos Named '2025 SUV of the Year': Renault Korea announced on the 21st that its mid-sized SUV, the Grand Koleos, was named '2025 SUV of the Year' at the '2025 Korea ...; Desk 2025.02.21

KG Mobility Unveils Hybrid Technology for Upcoming Torres SUV: SEOUL – KG Mobility (KGM) has released details about the hybrid technology that will power its upcoming Torres SUV. The comp ...; Yim Kwangsoo Correspondent 2025.02.21

Volvo to Unveil ES90, its Next-Generation Electric Flagship Sedan, on March 5: Volvo Cars has revealed key technological details of its highly anticipated next-generation electric flagship sedan, the Volvo ES9 ...; Yim Kwangsoo Correspondent 2025.02.21

Mercedes-Benz Korea Unveils the All-New Mercedes-AMG SL 43 Roadster: SEOUL – Mercedes-Benz Korea has officially launched the latest addition to its lineup of luxury roadsters, the Mercedes-AMG ...; KO YONG-CHUL Reporter 2025.02.21

Daejeon City Accelerates Implementation of Space and Aviation Regulatory Free Zone Demonstration: Daejeon City held a Regulatory Free Zone Demonstration Item Deliberation Committee on the 14th to establish a specific demonstrati ...; HONG MOON HWA Senior Reporter 2025.02.21

Chungcheongnam-do to Establish Drone Park in Nonsan: Nonsan, South Korea – Chungcheongnam-do province has announced plans to establish a drone park in Nonsan to boost the local ...; HONG MOON HWA Senior Reporter 2025.02.21

Gyeongin Expressway Underground Project to Boost Real Estate Market in Incheon and Seoul: The recent approval of the preliminary feasibility study for the Gyeongin Expressway underground project is expected to bring posi ...; Min Gyu Mi Reporter 2025.02.21

Panamanian Construction Sector Seeks Extension of Preferential Interest Law: PANAMA CITY – The Panamanian Chamber of Construction (Capac) recently convened a meeting with housing promoters and develope ...; Ana Fernanda Reporter 2025.02.21

Vietnam Boosts Legal Support for SMEs in 2025: HANOI — The Ministry of Industry and Trade (MoIT) has unveiled a support plan for small and medium-sized enterprises (SMEs) ...; Ana Fernanda Reporter 2025.02.21

HMM Emerges as Frontrunner in SK Shipping's Partial Asset Acquisition: Seoul, South Korea – HMM Co., Ltd. [011200] has been identified as the preferred bidder for the acquisition of select busine ...; Desk 2025.02.20

Despite Economic Slowdown, Ad Agencies Affiliated with Major Conglomerates Enjoy Record Profits: SEOUL – Major advertising agencies affiliated with South Korea's largest conglomerates, such as Samsung and Hyundai, have an ...; Desk 2025.02.20

Cotton Prices Plummet, Impact on the Apparel Industry?: Cotton prices are plummeting due to increased production in major cotton producing areas around the world and decreased demand for ...; Ana Fernanda Reporter 2025.02.19