Global Economic Times

2026.05.08 (Fri)
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Hyundai Motor Group Bets $700 Million on Mexico Amid Trade Policy Volatility

MEXICO CITY — In a bold move that defies growing geopolitical tension and fluctuating trade policies, Hyundai Motor Group (HMG) is significantly ramping up its investment in Mexico. While other
Kakao Hits Record Q1 Performance: Operating Profit Surges 66% as Focus Shifts to "Agentic AI"

SEOUL — Kakao, the South Korean tech giant behind the country’s ubiquitous messaging app, announced today that it has achieved its highest-ever first-quarter results. Driven by the robust

Honda Halts $15B Canada EV Plant Plans Amid Strategic Pivot to Hybrids

(C) Investopedia TOKYO – Japanese automaker Honda Motor Co. has indefinitely suspended its plans to build an electric vehicle (EV) and battery manufacturing hub in Ontario, Canada, as the compa

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11th Street Launches 'Grand 11th Day' Shopping Festival: A Strategic Move to Dominate South Korea's Mid-Year Retail Market: SEOUL, South Korea – 11th Street (11st), one of South Korea’s leading e-commerce platforms, officially announced on Ma ...; Min Gyu Mi Reporter 2026.05.05

GIST Develops Next-Generation Transparent Protective Film Resistant to Scratches and Impacts: GWANGJU, South Korea – A research team at the Gwangju Institute of Science and Technology (GIST) has announced the developme ...; Hwang Sujin Reporter 2026.05.05

Samsung Heavy Industries Secures 484.8 Billion KRW Order for LNG-FSRU Amid Global Energy Surge: (C) Offshore Energy SEOUL – Samsung Heavy Industries (SHI) announced on May 4, 2026, that it has successfully secured a c ...; KO YONG-CHUL Reporter 2026.05.05

The AI Paradox: Half of Korean Office Workers Report Hiring Slumps and Downsizing Fears Amid Automation Surge: SEOUL — As Artificial Intelligence (AI) cements its role in the modern workplace, the initial promise of increased efficienc ...; Global Economic Times Reporter 2026.05.04

‘K-Satellite’ Takes Flight: South Korea Ushers in Private-Led Space Era with Successful Launch of CAS500-2: SEOUL – South Korea has officially expanded its "space territory" as the Next-Generation Medium Satellite No. 2 (CAS500-2) s ...; KO YONG-CHUL Reporter 2026.05.04

President Lee Commemorates Labor Day: "Breaking the Dichotomy Between Pro-Business and Pro-Labor for 'Genuine Growth'": SEOUL – In a historic move, President Lee Jae-myung hosted the first-ever Labor Day ceremony at the Blue House Yeongbingwan ...; Hwang Sujin Reporter 2026.05.02

TUKorea Bolsters Competitiveness in Semiconductor Hands-on Education, Beyond Simple Quota Increases: As nurturing talent in high-tech sectors like semiconductors and Artificial Intelligence (AI) becomes a top priority for higher ed ...; Hwang Sujin Reporter 2026.04.21

FORCS to Unveil 'eformsign AI Assistant' at WIS 2026: A Revolution in AI-Powered Electronic Documents: FORCS, the leading provider of electronic document and contract solutions, announced today that it will unveil the "AI Assistant" ...; Global Economic Times Reporter 2026.04.21

“Printing Lenses Like Newspapers”: Korean Researchers Unveil Game-Changing Mass Production for Metalenses: SEOUL – In a breakthrough that promises to reshape the global optical industry, South Korean researchers have developed a wo ...; Desk 2026.04.16

ASML Sees Surge in South Korean Revenue as Samsung and SK Hynix Accelerate Next-Gen Fab Operations: SEOUL – The global semiconductor landscape is witnessing a decisive shift toward South Korea. ASML, the world’s sole p ...; Desk 2026.04.16

Japanese Business Leaders Praise SK Chemicals’ "Ready-to-Use" Plastic Recycling Tech: ULSAN, South Korea – A high-level delegation from Japan’s influential business organization, the Kansai Association of ...; KIM YOUNG MIN 2026.04.14

Ethereum Emerges as Prime Beneficiary of Stablecoin Surge with Record $180B Supply: Ethereum is solidifying its position as the critical infrastructure for the stablecoin market. The supply of Ethereum-based stable ...; Desk 2026.04.13

K-Platform Power: Olive Young and Musinsa to Spearhead Global Expansion for SMEs: SEOUL — South Korea is accelerating its "K-Export" momentum by leveraging the global reach of its dominant retail platforms. ...; Desk 2026.04.13

The Great Incursion: Chinese EV Titans Set to Flood South Korean Market: SEOUL – The South Korean automotive landscape is bracing for a seismic shift as China’s leading electric vehicle (EV) ...; Global Economic Times Reporter 2026.04.13

Anthropic Explores In-House AI Chip Development to Break Hardware Bottlenecks: SAN FRANCISCO — Anthropic, the high-profile artificial intelligence startup backed by industry titans such as Amazon and Goo ...; Global Economic Times Reporter 2026.04.10

Sustainable Home Appliances Take Center Stage as LG Best Shop Sees Surge in Spring Shoppers: As the spring wedding and moving season reaches its peak, LG Electronics Best Shops across South Korea are bustling with activity. ...; KO YONG-CHUL Reporter 2026.04.10

Daedong Ushers in the Era of 'Agricultural Field Robots' with Korea’s First AI Tractor: SEOUL — Daedong (Co-CEOs Kim Joon-shik and Won Yu-hyun) announced on April 9th the official launch of South Korea’s fi ...; KIM YOUNG MIN 2026.04.09

Middle East Risks Expose Logistics Vulnerabilities: The Rising Imperative for South Korea’s Participation in IMEC: SEOUL — The recent blockade of the Strait of Hormuz, triggered by escalating Middle East conflicts, has sent shockwaves thro ...; Kim Sungmoon Reporter 2026.04.09

Beyond Instant Noodles: South Korea Launches ‘Global NEXT K-Food Project’ to Cultivate the Next Export Giant: SEOUL – Following the unprecedented global success of "Ramyeon" (instant noodles), the South Korean government is setting it ...; Global Economic Times Reporter 2026.04.09

BYD Hits 10,000-Unit Milestone in South Korea Within One Year, Eyes Exclusive "10,000 Club" Entry: (C) BYD USA SEOUL — BYD Korea has achieved a historic milestone in the South Korean automotive landscape, surpassing 10,000 ...; Hwang Sujin Reporter 2026.04.08

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