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

Industry

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LH Develops Innovative Technology to Dramatically Reduce Floor Noise in Apartments: Seoul, South Korea – The Korea Land and Housing Corporation (LH) has announced a significant breakthrough in its efforts to ...; Hwang Sujin Reporter 2024.11.25

BYD Unveils Ambitious Plans for South Korean Market: Shenzhen, China – Chinese electric vehicle (EV) giant BYD has set its sights on South Korea, unveiling its ambitious plans f ...; Graciela Maria Reporter 2024.11.25

Nvidia's Jensen Huang Signals Potential Expansion of Samsung as HBM Supplier: Hong Kong – Nvidia CEO Jensen Huang has hinted at the possibility of expanding Samsung Electronics as a supplier for its hig ...; Graciela Maria Reporter 2024.11.25

Singapore's Property Market Sees Unexpected Boom Amidst New Launches: Singapore's property market has defied expectations with a recent surge in sales, particularly for new launches. Despite online se ...; Eugenio Rodolfo Sanabria Reporter 2024.11.24

Singapore's Hawker Centers Face Rising Rent Amidst Growing Demand: Singapore's iconic hawker centers are facing a crisis as rents for food stalls soar to unprecedented heights. A recent bidding fre ...; Eugenio Rodolfo Sanabria Reporter 2024.11.24

Paraguay Gears Up for Copa Sudamericana Final, Boosting Tourism: As Paraguay prepares to host the 2024 Copa Sudamericana final, the country is experiencing a surge in tourism. With thousands of f ...; Graciela Maria Reporter 2024.11.23

Paraguay's Pork Industry Sees Significant Growth, Driven by Exports: Asunción, Paraguay – Paraguay’s Deputy Minister of Industry and Commerce, Lorena Méndez, has announced a ...; Pedro Espinola Special Correspondent 2024.11.23

Hanwha Forest Named Top 7 Best Apartment Brand in Korea: Seoul, South Korea – Hanwha Corporation’s premium residential brand, Hanwha Forest, has been named one of the top seve ...; Hwang Sujin Reporter 2024.11.22

Celltrion Secures Domestic Approval for Biosimilars of Prolia and Xgeva: Seoul, South Korea – Celltrion, a leading South Korean biopharmaceutical company, announced today that it has received regul ...; KO YONG-CHUL Reporter 2024.11.22

Tesla Unveils Fully Autonomous RoboTaxi 'Cybercab,' Ushering in a New Era of Mobility: Tesla, led by Elon Musk, has sent shockwaves through the industry with the unveiling of its fully autonomous robotaxi, the 'Cyberc ...; Graciela Maria Reporter 2024.11.22

The Space Industry Revolution Sparked by Moore's Law: Drastically Reduced Launch Costs Fuel a New Space Age: In 1965, Intel co-founder Gordon Moore proposed "Moore's Law," which predicted that the number of transistors in a dense integrate ...; Pedro Espinola Special Correspondent 2024.11.22

South Korea Launches First Autonomous Ship as Part of Ambitious Maritime Technology Initiative: SEOUL, South Korea – South Korea has made a significant stride in the field of autonomous shipping with the successful launc ...; KO YONG-CHUL Reporter 2024.11.21

HMM Introduces Two New LNG-Powered Container Ships: BUSAN, South Korea – HMM, a leading global shipping company, has announced the introduction of two new 7,700 TEU container s ...; Hwang Sujin Reporter 2024.11.21

South Korea's Public Pre-Sale Housing Scheme Faces Backlash as 75% of Applicants Back Out: Seoul, South Korea – A public pre-sale housing project in Uiwa, Gyeonggi Province, has faced a significant setback after a s ...; Hwang Sujin Reporter 2024.11.20

Microsoft Unveils AI Agents to Revolutionize Workplace Productivity: Chicago, USA – Microsoft has unveiled a suite of AI-powered agents designed to streamline and automate various tasks, markin ...; Desk 2024.11.20

Samsung Heavy Industries Receives Approval for Wind-Powered LNG Carrier: Seoul, South Korea – Samsung Heavy Industries announced today that it has received approval in principle (AIP) for a groundb ...; Hwang Sujin Reporter 2024.11.20

South Korea's Job Market Shifts: Older Workers Gain, Younger Generations Lose: Seoul, South Korea – South Korea's job market is undergoing significant changes, with younger generations facing increasing ...; Desk 2024.11.20

South Korea Delays Poultry Farming Reforms Amid Industry Pushback: Seoul, South Korea – South Korea has delayed the implementation of new regulations designed to improve the living conditions ...; KO YONG-CHUL Reporter 2024.11.20

Samsung C&T and Hyundai Engineering & Construction Vie for Hannam 4 Redevelopment Project: Seoul, South Korea – Samsung C&T and Hyundai Engineering & Construction, South Korea’s top two construction co ...; KO YONG-CHUL Reporter 2024.11.20

Dumaguete City to Host Series of Events to Boost Creative Industries: Dumaguete City, the capital of Negros Oriental province in the Philippines, is set to host a series of events aimed at upskilling ...; Eugenio Rodolfo Sanabria Reporter 2024.11.20