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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Volkswagen: From Automaker to Sausage King?: Wolfsburg, Germany – Volkswagen, the German automotive giant, is making headlines not just for its cars, but for its burgeon ...; Desk 2025.05.31

Argentina's Economic Outlook for 2025: Navigating Growth Amidst Challenges: As 2025 progresses, Argentina is poised for significant economic growth, with various international organizations and local analys ...; Greace Nunez Correspondent 2025.05.31

US GDP Shrinks in Q1 as Trump Tariffs Take Their Toll: The world's largest economy contracted at an annualized quarterly rate of 0.2% in the first quarter of 2025, a tenth of a percenta ...; Greace Nunez Correspondent 2025.05.31

Trump Doubles Down on Tariffs, Vows 50% Levy on Steel and Aluminum Imports: Pittsburgh, Pennsylvania – In a significant escalation of his protectionist trade agenda, President Donald Trump today annou ...; Global Economic Times Reporter 2025.05.31

Hyundai Delivers First IONIQ 9 to U.S. Customers, Kicking Off Marketing Push: FOUNTAIN VALLEY, CA – Hyundai Motor America today announced the momentous first delivery of its highly anticipated large ele ...; Eunsil Ju Reporter 2025.05.31

US Most Favored Nation Drug Pricing Policy Could Significantly Impact Korean Biopharmaceutical Companies: The U.S. government's push to implement a "Most Favored Nation (MFN)" policy for drug pricing is poised to have a substantial impa ...; Pedro Espinola Special Correspondent 2025.05.31

"Squid are Back"... East Coast of Korea Revitalized, Local Economy 'Bouncing': The return of squid to Korea's East Coast has brought much-needed vibrancy to local businesses. After a long fishing ban, abundant ...; Hwang Sujin Reporter 2025.05.31

Seoul's Housing Market Overheats: Average Sales Price Exceeds KRW 1 Billion, Gangnam-Gangbuk Gap Reaches "All-Time High": Seoul's average home sales price has surpassed KRW 1 billion for the first time, signaling a deepening overheating of the housing ...; Hwang Sujin Reporter 2025.05.31

SPC Samlip Halts 'KBO Bread' Production and Initiates Comprehensive Safety Reinforcement After Fatal Accident at Siheung Plant: SPC Samlip has announced a halt in the production of its popular 'KBO Bread' (KBO-ppang) and the implementation of comprehensive s ...; ONLINE TEAM 2025.05.31

Ansan City Designated as Specialized Cluster for Root Industries, Expected to Emerge as a Hub for Manufacturing Innovation: Ansan City has been ultimately selected for the leading project of the Ministry of Trade, Industry and Energy's '2025 Root Industr ...; Kim Sungmoon Reporter 2025.05.31

Brazil's Tourism Industry Reaches All-Time High, Setting Economic Milestone with WTTC Forecast: Brasília – Brazil's tourism industry is experiencing an unprecedented resurgence, fueled by strong demand from key in ...; Graciela Maria Reporter 2025.05.30

Viracopos International Airport Crowned Brazil's Best Airport… Five-Time Recipient of Passenger Satisfaction Award: Campinas, Brazil – Viracopos International Airport, located in Campinas, São Paulo, has once again solidified its sta ...; Global Economic Times Reporter 2025.05.30

Paraguay's Plywood Exports Exceed $2.3 Million, Timber Industry Booming: In April, Paraguay's plywood exports hit an annual high for the second consecutive month, reaching 2,769 tons, a 5.45% increase fr ...; Ana Fernanda Reporter 2025.05.30

Space Technology in Daejeon! Selected for Ministry of Science and ICT's Innovation Research Center Program: Daejeon Metropolitan City announced on May 28 that KAIST's "Space Service and Manufacturing Research Center" was ultimately select ...; KO YONG-CHUL Reporter 2025.05.30

Chungcheongnam-do Attracts Taiwanese Tourists: Chungcheongnam-do (South Chungcheong Province) participated in the '2025 Korea Travel Expo,' held in Taiwan from May 23-26, to int ...; HONG MOON HWA Senior Reporter 2025.05.30

Argentina Approves New Airport Service Operator: 'Handyway Cargo S.A.' Enters Aviation Market After 21 Years: A new competitor has emerged in Argentina's air transport market. The Undersecretariat of Air Transport of the Ministry of Economy ...; Ana Fernanda Reporter 2025.05.29

Argentina Successfully Hosts 22nd 'Jornadas Chemotecnica,' Opening New Horizons for the Pest Control Industry: BUENOS AIRES, Argentina – The 22nd 'Jornadas Chemotecnica' event concluded successfully on May 28th at the Catholic Universi ...; Hwang Sujin Reporter 2025.05.29

Queensland University Professor Leads Sustainability in Argentine Film Industry: Dr. Paula Serafini, Senior Lecturer in Creative and Cultural Industries at the University of Queensland Business School in London, ...; Greace Nunez Correspondent 2025.05.29

Qatar-Argentina Deepen Economic Ties Through Tech Cooperation: Argentine technology companies are exploring investment opportunities in Qatar, opening a new chapter in economic cooperation betw ...; ONLINE TEAM 2025.05.29

Argentina Successfully Launches Homegrown 'Scorpio' Rocket, Soaring Towards Space Sovereignty: Argentina has solidified its position as a space technology powerhouse with the successful test launch of its indigenously develop ...; Yim Kwangsoo Correspondent 2025.05.29