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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South Korea's Era of Localism Expo Kicks Off in Ulsan, Charting Future Course for Balanced Growth: Ulsan, South Korea – The '2025 Era of Localism Expo,' a major event dedicated to discussing balanced growth and sustainable ...; Global Economic Times Reporter 2025.11.19

SK Hynix Earnings Forecast Soars: Kiwoom Securities Raises Target Price to KRW 730,000: Kiwoom Securities announced a significant upgrade to its outlook for SK Hynix on November 19, 2025, raising the chipmaker's 2026 o ...; Global Economic Times Reporter 2025.11.19

EU Accelerates 'Battery Independence' with Multi-Trillion Won Public Fund Injection: (C) LG Energy Slution The European Union (EU) is accelerating its drive for battery independence by allocating a massive € ...; Graciela Maria Reporter 2025.11.19

South Korea Joins 'Powering Past Coal Alliance,' Pledges Halt to New Coal Plants: (C) France24 South Korea has officially joined the Powering Past Coal Alliance (PPCA), an international coalition urging a swif ...; Global Economic Times Reporter 2025.11.18

Massive Fire Engulfs E-Land Fashion Logistics Center in Cheonan, Causing Major Shipping Delays: (C) LatetLY CHEONAN, South Chungcheong Province – A major fire erupted at the E-Land Fashion logistics center in Cheonan ...; Hwang Sujin Reporter 2025.11.16

KAIST Deep Tech Startup Secures $10 Million Investment for MRI-Quality Ultrasound Diagnosis: KAIST, the Korea Advanced Institute of Science and Technology, has once again proven its prowess in fostering deep tech innovation ...; Shin Yeju Intern Reporter 2025.11.13

Korean Logistics Tech Firm GLEC to Enter Global Market with CES 2026 Innovation Award: SEOUL, South Korea – GLEC Co., Ltd., a Korean logistics technology company, is accelerating its entry into the global market ...; KO YONG-CHUL Reporter 2025.11.12

"Baby Shark" Swims to Kosdaq: The Pinkfong Company IPO Nets Trillions in Subscriptions: (C) Plagiarism Today SEOUL - The Pinkfong Company, the global family entertainment enterprise behind the viral sensation "Baby ...; Hwang Sujin Reporter 2025.11.08

China's Narwal Leapfrogs LG and Samsung in Robot Vacuum War: China's Narwal Leapfrogs LG and Samsung in Robot Vacuum War (C) Big W SEOUL—The global robot vacuum market, long domina ...; Eugenio Rodolfo Sanabria Reporter 2025.11.05

Tech Titans Continue Cuts: IBM Announces Layoffs Amid Software Pivot: Following in the footsteps of industry giants like Amazon and Meta, IBM has announced its plan to reduce its global workforce by t ...; Global Economic Times Reporter 2025.11.05

Protina, Samsung Bioepis, and Seoul National University Forge AI Partnership to Accelerate Antibody Drug Development: SEOUL—A powerful consortium comprising the drug discovery company Protina, biotech giant Samsung Bioepis, and researchers fr ...; Global Economic Times Reporter 2025.11.05

HD Hyundai’s Q3 Operating Profit Soars 295% on Shipbuilding and Transformer Boom: SEOUL, South Korea – HD Hyundai has announced a substantial surge in its third-quarter earnings, driven by a thriving shipbu ...; Hwang Sujin Reporter 2025.11.03

Musk Teases 'Flying Car' Prototype, Promises Unforgettable Reveal by Year-End 2025: SAN FRANCISCO—Tesla CEO Elon Musk has ignited fresh speculation about the future of transportation, hinting that the company ...; Eugenio Rodolfo Sanabria Reporter 2025.11.02

LG Electronics Launches 'ThinQ ON' AI Home Hub to Lead Smart Home Market: LG Electronics has announced the domestic launch of its Artificial Intelligence (AI) home hub, the 'LG ThinQ ON,' priced in the 20 ...; Global Economic Times Reporter 2025.10.22

Supersonic 'Hyperloop' Poised to Shrink South Korea, Cutting Seoul-Busan Trip to 20 Minutes: SEOUL — A revolution in transportation is on the horizon as South Korea throws its weight behind the development of the Hype ...; Hwang Sujin Reporter 2025.10.22

US Ships to be Built in South Korea: Washington Considers Easing Protective Maritime Laws for Alliance Shipbuilding Cooperation: The Donald Trump administration is reportedly giving serious consideration to a measure that would partially open the US shipbuild ...; KO YONG-CHUL Reporter 2025.10.21

South Korea to Drastically Increase Domestic LNG Shipping Rate to 70%: SEOUL — The South Korean government is pushing a bold plan to mandate that domestic shipping companies handle 70% or more of ...; Global Economic Times Reporter 2025.10.21

Hyundai Motor Rises to Global Top Tier, Ranks 33rd in TIME's 'World's Best Companies 2025': Hyundai Motor Company has dramatically affirmed its heightened international competitiveness by securing the 33rd position in TIME ...; Global Economic Times Reporter 2025.10.20

57-Year Wait Ends: Jeju-Qingdao Sea Route Opens, Boosting Island's Global Trade: Jeju Port has welcomed its first international regular container ship in 57 years, marking a historic milestone since its designat ...; Global Economic Times Reporter 2025.10.19

Specialty Alloy Market Booms, Korean Giants SeAH and Poongsan Accelerate Investment: Driven by the growth in the defense and rocket markets, South Korean steel giants like SeAH and Poongsan, known as "strong players ...; Global Economic Times Reporter 2025.10.19