Industry - Global Economic Times

2026.11.11 (Wed)
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Gimhae Airport Smashes 10 Million International Passenger Milestone Ahead of Schedule

BUSAN — Gimhae International Airport has reached a historic milestone, with total passenger traffic surpassing 15 million and international travelers exceeding 10 million between January and Oct
Rising Demand for Japan Routes Sparks Debate Over Busan-Haneda Regular Flights

SEOUL — South Korea's aviation sector continues to ride a wave of robust travel demand to Japan, with passenger volume outpacing flight capacity expansions and repeatedly setting historic re

Genesis Enters Ultra-Luxury EV Segment with Flagship GV90 and Neolun SUVs

SEOUL — South Korea’s premier luxury carmaker, Genesis, has officially entered the ultra-luxury electric vehicle market with the domestic debut of its flagship GV90 series. The launch intr

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Daewoo Consortium Begins Detailed Design for Gadeokdo New Airport Amid Environmental Backlash: BUSAN — The controversial project to build the Gadeokdo New Airport entered its execution phase on November 10 as a consorti ...; Kim Young Min Reporter 2026.11.10

Buyeo Tomato Farms Secure Vital Recovery Path with National Emergency Control Measures: BUYEO, South Korea — The Buyeo County government in South Chungcheong Province announced on November 10 that 141 local tomat ...; Global Economic Times Reporter 2026.11.10

Chungnam Accelerates High-Tech Industries and Expands Regional Transit Networks in Cheonan: CHEONAN — The Chungnam Provincial Government is doubling down on its efforts to foster high-tech industries, expand metropol ...; HONG MOON HWA Senior Reporter 2026.11.10

Sejong City’s First Public Facility Complex Plot Breaks Ground for New Space Center: SEJONG — WalkerInSpace, a pioneering South Korean space company, has officially broken ground on its new Assembly, Integrati ...; KO YONG-CHUL Reporter 2026.11.10

Samcheok Unveils Cutting-Edge Rental Smart Farm Complex to Empower Young Agricultural Entrepreneurs: SAMCHEOK — In a major push to revitalize its aging agricultural sector and attract the next generation of growers, Samcheok ...; HONG MOON HWA Senior Reporter 2026.11.10

Global Industry Briefing: KTR Opens Osong Research Center to Drive Clean Cosmetics Growth: OSONG — South Korea is stepping up its push into the global eco-friendly beauty sector with the opening of a state-of-the-ar ...; Hwang Sujin Reporter 2026.11.10

Chungnam Province Introduces Low-Calorie Cherry Tomato Confection Crafted with Allulose: HONGSEONG — In an effort to boost the economic value of regional crops, agricultural authorities in Chungnam Province have s ...; Kim Sungmoon Reporter 2026.11.09

Andong Rebounds: JEO Food Launches State-of-the-Art Facility 595 Days After Wildfire: ANDONG — Nearly two years after a catastrophic wildfire reduced its facilities to ashes, Korean meat-processing firm JEO Foo ...; KO YONG-CHUL Reporter 2026.11.09

Gyeongsangbuk-do Pushes to Transform Yeongilman Port into Strategic Material and Eco-Friendly Energy Hub: Gyeongsangbuk-do announced a comprehensive blueprint to develop Pohang’s Yeongilman Port into a specialized hub for critical ...; Kim Young Min Reporter 2026.11.09

Chungnam Urges Class 4 & 5 Facilities to Install IoT Monitors by Year-End, Offering Subsidies: HONGSEONG — South Chungcheong Province is ramping up its efforts to ensure that thousands of small-scale factories comply wi ...; Kim Sungmoon Reporter 2026.11.09

Chungnam Province Launches Safety Inspections Across Six Major Port Facilities: CHUNGCHEONGNAM-DO — The Chungcheongnam-do provincial government announced on Monday that it has initiated comprehensive safe ...; Hwang Sujin Reporter 2026.11.09

Chungnam Province Aims to Boost Seocheon’s Marine Bio Industry and Eco-Tourism Competitiveness: SEOCHEON — Chungnam Province is stepping up efforts to expand Seocheon’s marine bio industry foundation while strength ...; HONG MOON HWA Senior Reporter 2026.11.09

Elon Musk’s Tesla and SpaceX Push Forward with "TeraFab" Semiconductor Plant, Sourcing from Japan: Austin, Texas — In a bold move toward vertical integration, Elon Musk’s automotive and aerospace ventures are laying t ...; Pedro Espinola Special Correspondent 2026.11.09

South Chungcheong Province Steps Up Response to Tomato Virus Outbreak: As a new virus spreads among tomato farms in Chungcheongnam-do, causing continuous damage, Governor Park Soo-hyun visited local fa ...; HONG MOON HWA Senior Reporter 2026.11.09

AI Tsunami: Cutting Jobs Despite Record Profits—Microsoft Announces Third Round of Laydowns This Year: US tech giant Microsoft announced the implementation of a "voluntary retirement incentive" program. The target group includes appr ...; Pedro Espinola Special Correspondent 2026.11.07

Industrial Heat Pumps Expand Their Applications by Supplying 115°C Process Heat Using Waste Heat: Factory waste heat is being transformed into high-temperature heat sources of up to 115°C, while low-temperature waste heat ar ...; Global Economic Times Reporter 2026.11.07

Hanmi Pharmaceutical and Samsung Securities Team Up to Host Second Bio Innovation Forum: SEOUL — South Korea’s Hanmi Pharmaceutical is doubling down on its commitment to nurturing the domestic biotech ecosys ...; HONG MOON HWA Senior Reporter 2026.11.06

"A 6.0 Billion Won Gamble" ... Buyeo County Mayor Lee Yong-woo Opens the Era of Hydrogen Economy and Carbon Neutrality: Buyeo County, South Chungcheong Province, has held a completion ceremony for a hydrogen charging station built with a project cost ...; KO YONG-CHUL Reporter 2026.11.06

South Korea Proposes Major Overhaul to Drug Review and Approval Fees: SEOUL — South Korea’s primary drug regulator is moving forward with a significant restructuring of its approval and ev ...; Global Economic Times Reporter 2026.11.06

‘The Future of Chungnam Exports’ — Experts Seek Solutions: To respond to the rapidly changing international trade environment and enhance the competitiveness of local exporting companies, C ...; HONG MOON HWA Senior Reporter 2026.11.06

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