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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Incheon International Airport expected to reach capacity in 2033... Urgently need to promote the 5th phase expansion project: It is argued that the '5th phase expansion project' to build the 3rd passenger terminal and the 5th runway should be expedited as ...; Hwang Sujin Reporter 2025.02.12

SMBA Incheon to Invest 174.1 Billion Won in SME Support in 2025: INCHEON – The Incheon Regional Headquarters of the Small and Medium Business Administration (SMBA) announced that it will in ...; Min Gyu Mi Reporter 2025.02.12

Trump's Tariff Threat Rattles Korean Industry: Following President Trump's announcement of a 25% tariff on steel and aluminum products, the possibility of additional tariffs on ...; Desk 2025.02.12

Tesla's Bold Bet in China: A New Megafactory Amidst Trade Tensions: Tesla has officially launched its first overseas Megafactory in Shanghai, China, marking a significant milestone in the company's ...; Sharon Yoon Correspondent 2025.02.12

Spacebay, a Korean satellite separation system and launch service provider, has partnered with German launch service provider Exolaunch to enter the small satellite commercial launch service market.: Spacebay, founded in 2017 by a researcher from the KAIST Artificial Satellite Research Institute, is the only company in Korea tha ...; KO YONG-CHUL Reporter 2025.02.11

Wemade Launches 'Golf Super Crew' Globally: Wemade has announced the global launch of its new mobile golf game, 'Golf Super Crew'. Developed by Two Hands Games, a studio comp ...; Desk 2025.02.11

GICON Secures Additional Funding for ICT Innovation Square Project: Gwangju, South Korea – The Gwangju Information & Culture Industry Promotion Agency (GICON) announced on November 11th th ...; Desk 2025.02.11

Kidney Disease Drug Finerenone Shows Promise in Reducing Diabetes Risk: A recent study has shown that the kidney disease drug finerenone (Kerendia) may also be effective in reducing the risk of developi ...; Hwang Sujin Reporter 2025.02.11

South Korea Boosts Nuclear Power Investment Amid Growing Global Demand: SEOUL – South Korea is significantly increasing its investment in the nuclear power industry, earmarking 150 billion won ($1 ...; Yim Kwangsoo Correspondent 2025.02.11

South Korea to Expand Agricultural Aid to 50 Nations by 2029: SEOUL – South Korea has announced a significant expansion of its official development assistance (ODA) program in the agricu ...; Eugenio Rodolfo Sanabria Reporter 2025.02.11

POSCO's High Manganese Steel: A Game Changer for LNG and Beyond: Seoul, South Korea – POSCO, the leading South Korean steelmaker, has announced significant progress with its independently d ...; KO YONG-CHUL Reporter 2025.02.11

BYD's Entry into Korean EV Market Sparks Data Leak Concerns: SEOUL – The recent arrival of Chinese electric vehicle (EV) maker BYD in the South Korean passenger car market has ignited c ...; KO YONG-CHUL Reporter 2025.02.11

Jeju Agricultural Technology Center to Supply 7 Tons of Hydroponic Seed Potatoes for Spring Crops in 2025: Jeju Agricultural Technology Center (Director Koh Sang-hwan) announced on the 10th that it will supply 7 tons of hydroponic seed p ...; Yim Kwangsoo Correspondent 2025.02.10

Hyundai Launches Casper Electric Cross with Off-Road Design: SEOUL – Hyundai Motor Company unveiled the Casper Electric Cross on February 10th, a new model of its popular Casper Electri ...; KO YONG-CHUL Reporter 2025.02.10

LG Energy Solution to Operate Korea's Largest Offshore Wind Farm: SEOUL – LG Energy Solution has been selected as the operator of the renewable energy bidding service for the Jeju Hallim Off ...; ONLINE TEAM 2025.02.10

EyesVision and Playzy Partner to Launch Customized Plan for Kids Watch Phones: EyesVision announced on the 10th that it has launched a customized plan for kids watch phone users, the "Playzy Exclusive Plan," i ...; Desk 2025.02.10

Korean Battery Trio Pin Hopes on North America After Q4 Slump: The Korean battery industry is facing a crisis as the nation's three major players, LG Energy Solution, Samsung SDI, and SK On, al ...; Eunsil Ju Reporter 2025.02.10

The average sale price of apartments nationwide has fallen to its lowest level in 22 months, but industry officials say it is a temporary phenomenon.: According to data from Real Estate R114, the average sale price of apartments nationwide in January was 16.28 million won per 3.3㎡ ...; ONLINE TEAM 2025.02.10

Korea Zinc Strengthens Strategic Mineral Production Amidst Global Supply Chain Concerns: Ulsan, South Korea – Following a recent extraordinary shareholders' meeting focused on internal cohesion and productivity en ...; ONLINE TEAM 2025.02.10

Ulsan Port Authority Recognized for Integrity, Blocks Access to DeepSeek AI: Ulsan, South Korea – The Ulsan Port Authority (UPA) announced on February 9th that it has been selected as an exemplary inst ...; Global Economic Times Reporter 2025.02.10