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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Samsung Electronics Signals Comeback in Robot Vacuum Market, Overtaking Chinese Rival Roborock in Online Buzz: (C) Yicai Global SEOUL — Samsung Electronics is gearing up for a major showdown to reclaim its home turf from Chinese domin ...; Hwang Sujin Reporter 2025.12.29

The Era of Private Space Stations: Voyager, Airbus, and Mitsubishi Join Forces for 'Starlab': (C) Aero Times The race for the next generation of orbital outposts is heating up as global aerospace giants solidify their par ...; Ana Fernanda Reporter 2025.12.29

New Food Trends: From Creamy Fusion Noodles to Traditional Korean Pickles: (C) Hong Kong Banjom SEOUL — South Korea’s vibrant food and beverage industry continues to evolve as major players in ...; Kim Sungmoon Reporter 2025.12.27

Energy Giant Samchully Acquires 'Sunggyung Food' for 120 Billion Won to Boost Food Business: SEOUL — Samchully Group, South Korea's leading city gas provider, is set to acquire Sunggyung Food, the manufacturer of the ...; KO YONG-CHUL Reporter 2025.12.27

Korea’s Minimum Wage Surpasses "Employment Danger Zone," IMF Warns of Job Losses: (C) Working Times SEOUL – Small business owners in South Korea are increasingly vocal about the financial strain caused by ...; Shin Yeju 2025.12.27

China Becomes ‘Graveyard for Imported Cars’ as German Luxury Brands Plummet: (C) PCAuto BEIJING – The once-dominant reign of global premium automakers in China is facing a structural crisis. As domest ...; Yim Kwangsoo Correspondent 2025.12.27

HD Hyundai Heavy Industries Nears 20-Vessel Export Milestone with Philippine Corvette Deal: (C) HD Hyundai Heavy Industries (HD HHI) SEOUL — HD Hyundai Heavy Industries (HD HHI) is on the verge of reaching a histori ...; Hwang Sujin Reporter 2025.12.27

Jeonbuk State Achieves Milestone: First Non-Metropolitan Region to Break 1 Trillion Won Venture Fund Mark: JEONJU – Jeonbuk Special Self-Governing State has made history by becoming the first non-metropolitan region in South Korea ...; KIM YOUNG MIN 2025.12.25

NCSoft Launches Year-End 'PC Cafe Festival' with Multi-Game Rewards: (C) KED Global SEOUL – NCSoft, a leading South Korean game developer and publisher, announced on Wednesday the launch of it ...; Global Economic Times Reporter 2025.12.25

Volkswagen Atlas Earns Highest Safety Rating 'TSP+' from U.S. IIHS: (C) Carisyou The Volkswagen Atlas, a flagship large-size SUV, has demonstrated its superior safety by earning the "Top Safety P ...; Pedro Espinola Special Correspondent 2025.12.24

Yongin Prugio One Cluster Park Emerges as Prime Residential Hub Behind World's Largest Semiconductor Cluster: (C) Yongin Prugio One Cluster Park Yongin City, Gyeonggi Province, is rapidly rising as a focal point of the real estate market, ...; Kim Sungmoon Reporter 2025.12.24

Samsung Biologics Acquires GSK’s U.S. Plant to Bypass Tariff Barriers: (C) KBR MARYLAND – Samsung Biologics (207940.KS) has officially entered the U.S. manufacturing landscape by acquiring a lar ...; Yim Kwangsoo Correspondent 2025.12.23

Samsung Chairman Lee Jae-yong Visits Semiconductor Hub to Spearhead 'Super Cycle' Strategy: (C) The Investor YONGIN/HWASEONG — Samsung Electronics Chairman Lee Jae-yong has officially commenced a high-profile inspec ...; Global Economic Times Reporter 2025.12.23

KFTC Fines Korean Air and Asiana KRW 6.46 Billion for Capacity Reduction Violations: (C) Aviation A2Z SEOUL — The merger process between South Korea’s two largest carriers, Korean Air and Asiana Airline ...; Desk 2025.12.23

Gangwon Province Sweeps National Livestock Brand Awards, Securing Top Honors: (C) Gangwon Province CHUNCHEON – Gangwon Province has solidified its status as South Korea's premier livestock hub by winni ...; Kim Sungmoon Reporter 2025.12.21

HD Hyundai Heavy Industries to Co-Develop Next-Generation Submarines Tailored for Peru: (C) HD Hyundai LIMA, Peru — HD Hyundai Heavy Industries (HD HHI) is accelerating its first overseas submarine export throug ...; Yim Kwangsoo Correspondent 2025.12.21

South Korea's Foreign Workforce Hits 1.1 Million Milestone: (C) VnExpress International SEOUL – South Korea’s foreign employment has reached an all-time high, surpassing the 1 ...; Global Economic Times Reporter 2025.12.19

Kyungdong Navien to Acquire Smart Home Pioneer Commax for 32.8 Billion Won: (C) Kyungdong Navien SEOUL – Kyungdong Navien, South Korea’s leading HVAC (Heating, Ventilation, and Air Conditioning ...; KO YONG-CHUL Reporter 2025.12.18

Tesla Faces 30-Day Sales Suspension Risk in California Over "Deceptive" Autopilot Claims: (C) Arena EV LOS ANGELES — In a landmark decision that could disrupt Tesla’s operations in its most vital domestic ma ...; Eunsil Ju Reporter 2025.12.18

Israel Greenlights Landmark $38 Billion Natural Gas Export Deal with Egypt: (C) Watan JERUSALEM – In a move set to redefine the energy landscape of the Eastern Mediterranean, the Israeli government o ...; KO YONG-CHUL Reporter 2025.12.18

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