Global Economic Times

2026.06.27 (Sat)
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Kia’s Strategic Pivot: Accelerating Electrification Through SDV, PBV, and EREV Innovation

At the 2026 Busan Mobility Show held on June 26, Kia Corporation unveiled a comprehensive future mobility strategy centered on three core pillars: Software-Defined Vehicles (SDV), Purpose-Built Vehicl
Hyundai Motor Prioritizes "Customer Experience" Over Pricing: Aiming for Lifelong Loyalty with the New Avante

BUSAN, South Korea — At the 2026 Busan Mobility Show held at BEXCO on June 26, José Muñoz, President and CEO of Hyundai Motor Company, unveiled a bold vision for the future of the

Incheon Port Authority Overhauls Incentive Program to Boost Cargo Throughput

The Incheon Port Authority (IPA) has announced a significant restructuring of its long-standing incentive program, aiming to reinvigorate cargo traffic and solidify the port’s position as a prem

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Starbucks Initiates $1 Billion North American Overhaul Amidst Performance Woes: SEATTLE — Global coffee behemoth Starbucks has announced a sweeping $1 billion restructuring plan for its North American ope ...; Desk 2025.09.26

Chinese Electric Commercial Vehicles Accelerate Entry into Korean Market with NCM Batteries: Chinese electric commercial vehicle manufacturers are rapidly increasing their presence in the South Korean market, a trend that f ...; Shin Yeju 2025.09.25

Imported Car Brands Spark a Fierce Discount War in South Korea: SEOUL — South Korea’s imported car market is currently at the center of a heated discount war. As brands head into the ...; Shin Yeju 2025.09.25

S. Korea's Petrochemical Giants Face Restructuring Test Amid Debt Crisis: SEOUL—South Korea's petrochemical industry, burdened by an astonishing 32.8 trillion won ($24.6 billion) in bank loans as of ...; Yim Kwangsoo Correspondent 2025.09.25

Kia Counters U.S. Tariffs on Mexican Cars with Latin American Strategy: SEOUL – Amid stalled follow-up tariff negotiations between South Korea and the U.S., the American decision to impose high ta ...; Desk 2025.09.24

NOV Secures Contract for Argentina's First FLNG Project: Oilfield services company NOV has secured a contract to provide a mooring solution for Argentina's first-ever floating liquefied n ...; Pedro Espinola Special Correspondent 2025.09.23

The Impact of Argentina's Vaca Muerta Growth Scenarios on the Supply Chain: The acceleration of Argentina's Vaca Muerta shale development presents both challenges and opportunities for the supplier ecosyste ...; Pedro Espinola Special Correspondent 2025.09.23

Chile unveils draft critical minerals strategy... a step towards securing 'future food': The Chilean government is emerging as a new center in the global mineral market, as it establishes a critical minerals supply stra ...; Graciela Maria Reporter 2025.09.23

Chilean Cherry Producers Accelerate Diversification Efforts to Reduce Reliance on Chinese Market: The Chilean cherry industry is gearing up for a new season, seeking to overcome the challenges of oversupply and difficult sales e ...; Global Economic Times Reporter 2025.09.23

Nissan and Mitsubishi to Produce New EVs for European Market in France: Douai, France — In a landmark visit to the Renault ElectriCity plant in Douai, the CEOs of Nissan and Mitsubishi Motors, Iva ...; Eugenio Rodolfo Sanabria Reporter 2025.09.19

Spanish "Bicinete" Hybrid Vehicle Vies for Top European Design Award: Copenhagen, Denmark — The innovative "Bicinete," a hybrid of a bicycle and a scooter, is vying for one of Europe's most pres ...; Yim Kwangsoo Correspondent 2025.09.19

Aviation Industry Urges Governments to Prioritize Sustainable Fuel Production: Montreal, Canada — The International Air Transport Association (IATA) is calling on governments to shift their focus from ma ...; KO YONG-CHUL Reporter 2025.09.19

Chile's Startup Ecosystem and the Shadow of 'Invisible Costs': A Burnout Alert: A dark shadow is being cast over Chile's startup ecosystem, once heralded as a symbol of innovation and growth. While a dazzling n ...; Pedro Espinola Special Correspondent 2025.09.16

Paraguay's Construction Industry Expresses Concern over Reduced Infrastructure Investment in 2026 Government Budget: Despite recent vigorous construction projects in the residential, corporate, and industrial sectors, the construction industry is ...; Pedro Espinola Special Correspondent 2025.09.15

First Fan Export Success... $5 Million Export Deal Secured in Argentina: A new vitality is emerging in Paraguay's home appliance industry. On the 14th, local company Goldmund marked a significant milesto ...; Pedro Espinola Special Correspondent 2025.09.15

Expo Norte: Economic Ripple Effects with a Glimmer of Hope: CONCEPCIÓN – Expo Norte, recently held in Concepción, was more than just a dazzling showcase for large corpora ...; Eugenio Rodolfo Sanabria Reporter 2025.09.15

S. Korea's Supreme Court Rules Existing Pharmacies Can Sue Over New Rival's Location: SEOUL – The Supreme Court of South Korea has issued a landmark ruling, granting existing pharmacists the legal standing to f ...; Hwang Sujin Reporter 2025.09.13

FDA to Conduct Surprise Inspections of Overseas Drug Factories, Including South Korea: The U.S. Food and Drug Administration (FDA) has announced a significant shift in its policy, stating it will begin conducting unan ...; Graciela Maria Reporter 2025.09.13

U.S. Coffee Prices Soar to 28-Year High Amid Brazilian Tariff and Supply Woes: NEW YORK — The aroma of freshly brewed coffee, once a simple comfort, now carries the scent of economic turbulence for milli ...; Sharon Yoon Correspondent 2025.09.12

Itaipu Makes History with 3.1 Billion MWh of Energy Produced: The Itaipu Hydroelectric Power Plant, one of the world's largest hydroelectric dams located on the border between Paraguay and Bra ...; Hwang Sujin Reporter 2025.09.10