Global Economic Times

2026.03.22 (Sun)
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Coway Clinches Top Honor at "Water Taste Awards" for 7th Consecutive Year

Coway Co., Ltd., the "Best Life Solution Company," announced today that it has received the highest rating at the 10th Bottled Water & Water Purifier Tasting Competition, marking its s
Naver to Shut Down Men's Fashion Service 'MR.' to Launch Expanded AI-Driven Fashion Platform

Naver is pivoting its e-commerce strategy by closing its specialized men's fashion curation service, 'MR. (Mister),' to make way for a more comprehensive fashion platform that includes wom

K-Beauty SMEs Join Forces with Distributors: A New Paradigm for Global Expansion through Strategic Consortiums

The South Korean government has unveiled a groundbreaking initiative to propel small and medium-sized enterprises (SMEs) in the cosmetics sector onto the global stage. By shifting from traditional, is

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AI Revolution: A Double-Edged Sword for the Job Market: The rapid advancement of artificial intelligence (AI) since 2007 has brought about a wave of both optimism and anxiety. While many ...; Ana Fernanda Reporter 2024.11.20

IPOs Drive Surge in South Korea's Equity Financing: Seoul, South Korea – South Korea saw a significant surge in equity financing in October, driven by a surge in Initial Public ...; Hwang Sujin Reporter 2024.11.18

Woori Bank Hit by Another Fraudulent Loan Scandal, Marking the Fourth Incident This Year: Seoul, South Korea – Woori Bank has once again been embroiled in a significant financial fraud scandal, marking the fourth s ...; KO YONG-CHUL Reporter 2024.11.17

HD Hyundai Accelerates Owner-Led Management with Jeong Ki-sun's Promotion: Seoul, South Korea - HD Hyundai has strengthened its owner-led management structure with the promotion of Jeong Ki-sun to Executiv ...; Hwang Sujin Reporter 2024.11.16

Samsung Electronics and Union Reach Tentative Labor Agreement Amidst Industry Rivalries: Seoul, South Korea - Samsung Electronics and the National Samsung Electronics Union (NSEU) have reached a tentative agreement on a ...; Hwang Sujin Reporter 2024.11.16

South Korea's Banking Sector Faces Growing Strain Amidst Rising Non-Performing Loans: Seoul, South Korea – South Korea's four largest financial groups have seen a significant surge in non-performing loans (NPLs ...; Desk 2024.11.16

Salmonella and E. coli Outbreaks Prompt Surge in Food Recalls: A recent spike in Salmonella and E. coli outbreaks across the United States has led to a surge in food recalls, with heightened co ...; Global Economic Times Reporter 2024.11.12

Starbucks Korea Introduces Digital Planner for the First Time in 22 Years: Seoul, South Korea – Starbucks Korea has announced the launch of a digital planner, marking a significant departure from its ...; Desk 2024.11.11

Daewoo Engineering & Construction Secures Major Fertilizer Plant Project in Turkmenistan: Seoul, South Korea - Daewoo Engineering & Construction (Daewoo E&C) announced today that its Chairman, Jung Won-ju, visite ...; Global Economic Times Reporter 2024.11.11

US economy growing despite voter angst: The US economy grew solidly in the three months to September, expanding at an annual rate of 2.8%. Despite there being a slight s ...; Global Economic Times Reporter 2024.11.09

Hyundai Engineering & Construction Secures Massive Bulgarian Nuclear Power Plant Project: Hyundai Engineering & Construction (Hyundai E&C) has won a bid to construct a new nuclear power plant in Bulgaria, marking ...; ONLINE TEAM 2024.11.06

Nexon to Expand Global Market with Strengthened IP Franchises: Nexon, celebrating its 30th anniversary this year, has announced plans to expand its global market presence by strengthening its i ...; Desk 2024.11.02

Microsoft Reports Strong Q3 Earnings, Fueled by AI Growth: Microsoft has reported better-than-expected third-quarter earnings, driven by strong growth in its cloud computing business. The c ...; Pedro Espinola Special Correspondent 2024.11.02

Sungsimdang makes ‘Daejeon bread’ with wheat grown directly… Planning a wheat field festival: Daejeon's famous Sungsimdang has launched a new business linking local agriculture and tourism. On the 1st, Sungsimdang signed a & ...; Hwang Sujin Reporter 2024.11.02

Korea & Company completes acquisition of Hanon Systems... Hyeonbeom Cho, 10-year plan comes to fruition: Korea & Company Group successfully completed the acquisition of Hanon Systems, expanding its influence in the global auto part ...; Global Economic Times Reporter 2024.11.01

A Twosome Place targets the holiday season by launching a new product, ‘Schoosaeng’: A Twosome Place has begun full-fledged year-end marketing by launching a number of new products for the 2024 holiday season. In pa ...; Hwang Sujin Reporter 2024.11.01

Just like the first taste without any smell... Kimchi, was this possible?: As classical music played quietly in the Gangnam Gallery Lounge, the familiar yet unfamiliar scent of kimchi passed my nose. It wa ...; Pedro Espinola Special Correspondent 2024.11.01

Unmanned ramen shop in Danyang, North Chungcheong Province, provides jobs for underprivileged people: A special unmanned ramen store has opened in Danyang, North Chungcheong Province, to help the underprivileged achieve economic ind ...; Hwang Sujin Reporter 2024.11.01

Korean Air celebrates 30th anniversary of service to San Francisco... Passenger events ‘plentiful’, including airline ticket giveaways: Korean Air celebrated its 30th anniversary of serving San Francisco, USA. On the 29th (local time), Korean Air held a ‘com ...; Global Economic Times Reporter 2024.10.31

Doosan Yonkang Foundation presents the 2024 Doosan Yonkang Pediatrics Academic Award: On the 24th, the Doosan Yonkang Foundation (Chairman Yonghyun Park) held an awards ceremony for the '2024 Doosan Yonkang Pediatric ...; Global Economic Times Reporter 2024.10.31