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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A floor area ratio of up to 1600% is allowed in new ‘special planning zones’ within Seoul.: In the ‘special planning zone’ in Seoul, where no progress has been made for over 10 years, improvement measures are b ...; ONLINE TEAM 2024.10.31

Hanwha begins full-fledged mixed-use development in the northern Seoul Station area... Construction begins in November: [GLOBAL ECONOMIC TIMES] Hanwha Construction Division announced on the 28th that it plans to complete the licensing and financial ...; Hwang Sujin Reporter 2024.10.30

“Cement prices need to be lowered” vs. “We can’t do it due to the construction recession”… ‘Tight’ tug-of-war between industries: [GLOBAL ECONOMIC TIMES] Tensions between industries are growing as construction companies send price negotiation notices to major ...; Global Economic Times Reporter 2024.10.30

Samsung C&T, ‘2024 Futurescape Demo Day held’… Collaborate with excellent startups: [GLOBAL ECONOMIC TIMES] Samsung C&T Construction Division announced on the 30th that it will hold the ‘2024 FutureScape ...; ONLINE TEAM 2024.10.30

Korea Home Builders Association, technical cooperation with LX… “Digital Transformation in Housing Construction“: [GLOBAL ECONOMIC TIMES] The Korea Home Builders Association and Korea Land Information Corporation (LX) announced that they signe ...; Global Economic Times Reporter 2024.10.30

“I said they would give me 400 million won if I left the company,” and 1,000 people lined up: [GLOBAL ECONOMIC TIMES] KT, which has begun workforce restructuring, has dramatically increased the ‘desired retirement com ...; Global Economic Times Reporter 2024.10.30

Halal certification in Indonesia becomes mandatory from the 17th... Domestic small and medium-sized businesses expected to be hit hard: [GLOBAL ECONOMIC TIMES] An emergency light has been turned on for Indonesian food exports worth 300 billion won per year. Halal c ...; Global Economic Times Reporter 2024.10.29

‘Those in their 60s and above’ are at the forefront of the livelihood front... ‘No. 1’ in number of employed across all age groups for the first time: [GLOBAL ECONOMIC TIMES] The landscape of our country’s labor market is changing. Last month, the number of employed people ...; Global Economic Times Reporter 2024.10.29

Incheon leads future air mobility through K-UAM Confex: [GLOBAL ECONOMIC TIMES] The ‘4th K-UAM Confex’, hosted by Incheon City, will be held at Paradise City in Yeongjongdo ...; ONLINE TEAM 2024.10.29

Doosan Group's first hydrogen bus will be released within the year: [GLOBAL ECONOMIC TIMES] Doosan Group enters the hydrogen bus market. Doosan Group will launch a hydrogen bus equipped with Korea' ...; Desk 2024.10.28

“Big domestic companies will just take it if they decide to do so”… KAIST President steps forward to protect patents: [GLOBAL ECONOMIC TIMES] “There is a saying, ‘If the strong decide to take away the patent of the weak, that patent im ...; Global Economic Times Reporter 2024.10.27

Will Samsung Heavy's '2 trillion jackpot' hit? “Mozambique FLNG contract soon“: [GLOBAL ECONOMIC TIMES] Samsung Heavy Industries is on the verge of winning a contract for Mozambique’s ‘Liquefied Na ...; Global Economic Times Reporter 2024.10.26

Tasman, etc. awaiting sortie... Kia announces the launch of its largest new car ever from 2025 to 2026: [GLOBAL ECONOMIC TIMES] Kia announced that it plans to launch the largest number of new cars ever over the next two years. Kia i ...; Desk 2024.10.26

“First in the world”… BMW opens ‘electric vehicle charging + luxury lounge’ in Seoul: [GLOBAL ECONOMIC TIMES] BMW Group Korea is taking the lead in expanding Korea's electric vehicle infrastructure, which is rare am ...; Global Economic Times Reporter 2024.10.26

I bought a Mercedes-Benz electric car for ‘200 million won’… “I’m angry” The reason for my anger: [GLOBAL ECONOMIC TIMES] Regarding the interior noise made by a Mercedes-Benz electric car, whose price is close to 200 million wo ...; Global Economic Times Reporter 2024.10.26

Genesis changes parts of ‘GV70 electrification’… Increase the battery and run 423km: [GLOBAL economic times] Hyundai Motor Company's luxury brand Genesis will launch the GV70 electrified partially modified model wi ...; Global Economic Times Reporter 2024.10.25

SK Hynix pays ‘highest performance bonus ever’… “Newcomers get 4 million won each“: [GLOBAL ECONOMIC TIMES] As SK Hynix achieved its highest ever quarterly performance in sales, operating profit, and net profit, e ...; Global Economic Times Reporter 2024.10.24

Outline of Korea’s first COTC… S-Oil turns the petrochemical industry upside down: [GLOBAL ECONOMIC TIMES] The Onsan National Industrial Complex in Ulju-gun, Ulsan, which I visited on the 22nd, was a huge ‘ ...; ONLINE TEAM 2024.10.24

Minister of SMEs and Startups Oh Young-joo shares the policy direction of the Ministry of SMEs and Startups and emphasizes fostering local businesses through a special lecture.: [Global Economic Times] Minister of SMEs and Startups Oh Young-joo attended the ‘Techno Park Performance Presentation and Me ...; Global Economic Times 2024.10.17

JERA, Japan's largest electric power company, signs hydrogen and ammonia agreement with POSCO Inter: [GLOBAL ECONOMIC TIMES] JERA, Japan's largest electric power company, signed a hydrogen and ammonia procurement agreement with Ko ...; Global Economic Times 2024.10.17