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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South Korea's Youth Unemployment Crisis: A Looming Time Bomb By James Smith: SEOUL – South Korea is facing a growing crisis of youth unemployment, with young people increasingly struggling to find stab ...; ONLINE TEAM 2025.02.02

Seoul's Seocho District Tops Average Apartment Transaction Price in 2024: Seoul – According to data provided by the Korea Real Estate Board to Rep. Lee Yeon-hee of the Democratic Party of Korea's La ...; Min Gyu Mi Reporter 2025.01.31

Jajangmyeon Prices Soar Over the Past Decade, Leading 'Noodle-flation': Among popular dining-out options in South Korea, the price of jajangmyeon (black bean noodles) has seen the most significant incre ...; Desk 2025.01.31

Tesla to Launch Fully Autonomous Robotaxi Service in June, Plans for Low-Cost EV: Tesla is set to revolutionize urban transportation with the launch of its robotaxi service in June. CEO Elon Musk announced the am ...; Yim Kwangsoo Correspondent 2025.01.31

China's AI Offensive Intensifies, Challenging US Dominance: The reverberations of DeepSeek, a Chinese AI model delivering ChatGPT-level performance at a fraction of the cost, continue to sha ...; KO YONG-CHUL Reporter 2025.01.31

Korean Memory Industry Closely Monitoring Global Market Trends Following the Emergence of Chinese AI Model 'DeepSeek R1': The Korean memory industry is closely monitoring global market trends following the emergence of the Chinese artificial intelligen ...; KO YONG-CHUL Reporter 2025.01.31

Chợ Lách: A Blossoming Hub of Horticultural Excellence: Bến Tre's Chợ Lách District, renowned as the "kingdom of seedlings, flowers, and ornamental plants," is a vital center for ...; Eugenio Rodolfo Sanabria Reporter 2025.01.30

Hải Phòng Seaport Targets 112 Million Tonnes Cargo Handling in 2025: HẢI PHÒNG – The Hải Phòng seaport system aims to handle 112 million tonnes of cargo in 2025, according to Dire ...; Global Economic Times Reporter 2025.01.30

Busan Emerges as a Global Hub for Green Shipbuilding R&D: Busan, South Korea – The coastal city of Busan is rapidly positioning itself as a global leader in green shipbuilding and ad ...; JEONG CHAN MYEONG Senior Reporter 2025.01.30

Senior Employment in South Korea Reaches Record High: Seoul, South Korea – South Korea’s aging population has led to a surge in senior employment, with the economic partici ...; KO YONG-CHUL Reporter 2025.01.30

AI-Generated Content Revolutionizes Game Development: Seoul, South Korea – The gaming industry is undergoing a significant transformation as generative AI accelerates game develo ...; Min Gyu Mi Reporter 2025.01.30

Soaring Debt Among South Korean Self-Employed Amidst Economic Downturn: Seoul, South Korea – The number of self-employed South Koreans struggling to repay their loans has surged by over 40% in the ...; Desk 2025.01.30

South Korea's 40s Workforce Shrinks to 20-Year Low: Seoul, South Korea – South Korea's 40-year-old workforce, a critical pillar of the nation's economy, has continued to declin ...; ONLINE TEAM 2025.01.30

Gravity Shampoo Achieves 4 Consecutive Sell-Outs on Lotte Home Shopping: Seoul, South Korea – Gravity, a functional hair care brand developed by Polyphenol Factory, a startup founded by Kaist chemi ...; Hwang Sujin Reporter 2025.01.30

Everobot's Bedding Robot Vacuum Cleaner Drives Sales Growth: Seoul, South Korea – Everobot, a leading AI service robot company, is experiencing a surge in sales expectations following t ...; Desk 2025.01.29

China Builds Massive Laser Fusion Facility: China is constructing a massive laser fusion research facility in Mianyang, southwestern China, according to satellite imagery ana ...; KO YONG-CHUL Reporter 2025.01.29

Seoul Apartment Rents Surge Amidst Villa Rental Decline: Seoul, South Korea – A recent surge in rental prices for small apartments in Seoul and other parts of the metropolitan area ...; Hwang Sujin Reporter 2025.01.29

Incheon Motels Fined for Price-Fixing and Amenity Fees: Incheon, South Korea – A group of motel operators in Incheon's Jung-gu district have been fined by the Fair Trade Commission ...; KO YONG-CHUL Reporter 2025.01.28

Global and South Korean Ad Markets Poised for Growth Amidst Uncertainties: Seoul, South Korea – Despite global economic uncertainties and domestic political turmoil, both the global and South Korean ...; Desk 2025.01.28

Foreign Job Seekers in Korea on the Rise, Dedicated Platforms Emerge: Seoul, South Korea – As the number of foreign workers in South Korea surpasses one million, dedicated recruitment platforms ...; Desk 2025.01.28