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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Yongin Chip Hub Faces Water Crisis as Dam Project Hits Local Resistance: Yongin, South Korea – A critical water supply project intended to feed the ambitious Yongin Semiconductor Cluster has encoun ...; KIM YOUNG MIN 2025.05.17

Singapore MPA Strengthens Guidelines on ECDIS and ENC Usage, Emphasizing Safe Navigation and Regulatory Compliance: The Maritime and Port Authority of Singapore (MPA) has issued guidelines encouraging shipowners, managers, masters, and officers t ...; KO YONG-CHUL Reporter 2025.05.17

Ambitious Expansion of the World's Best Airport: Singapore Changi International Airport Breaks Ground on Terminal 5: Singapore Changi International Airport, having swept prestigious awards in the aviation industry and been named the 'World's Best ...; KO YONG-CHUL Reporter 2025.05.17

Singapore Airlines Sees Cargo Revenue Rise but Profitability Declines Amidst Intensified Competition… Monitoring Global Trade Environment: Singapore – Singapore Airlines (SIA) Group announced on May 15th that its cargo revenue for the fiscal year 2024/25 increase ...; KO YONG-CHUL Reporter 2025.05.17

Mitsubishi Delivers First Rubber-Tired Light Rail Vehicles to Singapore, Accelerating Public Transportation Modernization: Japanese comprehensive heavy machinery manufacturer Mitsubishi Heavy Industries has successfully delivered the first two sets of r ...; KO YONG-CHUL Reporter 2025.05.17

Paraguayan Region of San Estanislao Obtains Quality Certification for 4 Tons of Papaya: Showcasing a Success Story for Small-Scale Farmers: A farmer in the San Estanislao district of San Pedro Department in northern Paraguay has achieved a significant milestone in local ...; Ana Fernanda Reporter 2025.05.17

Serious Flaws in Paraguay's Industrial Policy Revealed: Lack of Long-Term National Strategy Pointed Out: A recently published report argues that Paraguay urgently needs to establish a long-term national industrial policy, independent o ...; Ana Fernanda Reporter 2025.05.17

Lotte Mart Leverages PB Competitiveness for Bold Entry into Singapore, Accelerating Southeast Asian Market Expansion: Lotte Mart is aggressively expanding its presence in Southeast Asia, making a significant entry into the Singaporean market on the ...; KO YONG-CHUL Reporter 2025.05.15

RoboRobo Targets South American Education Market with BETT Brasil 2025 Participation: RoboRobo, a leading South Korean educational robot company, is accelerating its expansion into Brazil, the largest education marke ...; Hwang Sujin Reporter 2025.05.15

Lotte Tour Development Launches Ultra-Premium 18-Day Business Class Package to Four South American Nations, Promising a "Once-in-a-Lifetime" Special Experience: Lotte Tour Development has ambitiously unveiled an 18-day business class package tour to South America through its premium brand ' ...; Hwang Sujin Reporter 2025.05.15

Paraguay's Bleak Labor Reality: The Pervasive Problem of Informal Employment and the Threat to the Future: The streetscapes of Asunción, Paraguay's capital, and other major cities starkly illustrate the severe problem of informal ...; Pedro Espinola Special Correspondent 2025.05.13

CPChem Sells Singapore HDPE Plant to Aster Chemicals, Signaling Potential Shift in Asia Strategy: U.S. petrochemical giant Chevron Phillips Chemical Co. (CPChem) has officially announced the sale of its entire Singapore business ...; Kim Sungmoon Reporter 2025.05.13

JetBlue-United Collaboration on the Horizon? Industry Eyes Boston Event, Brazil and Singapore Earnings Loom: The 20th week of 2025 could bring a significant shift in the landscape of the U.S. airline industry, with potential discussions fo ...; Hwang Sujin Reporter 2025.05.13

Singapore Steps Up Deployment of Robot Dogs for Future City Security, Guidance, and Patrol Amidst Rapidly Growing Robotics Industry: Singapore is aggressively pursuing the adoption of robot dogs to bolster the safety of its future city, enhance citizen convenienc ...; Graciela Maria Reporter 2025.05.13

Taiwan's Energy Security Dilemma: Retreating Self-Reliance Amidst China Blockade Threat: Contrary to expectations that Taiwan, facing the potential of a Chinese blockade, would be doubling down on securing energy self-s ...; Desk 2025.05.13

US and China Signal Trade War Truce with Agreement to Substantially Reduce Tariffs: Geneva, Switzerland – In a development that offers a glimmer of hope to the global economy, the United States and China have ...; Global Economic Times Reporter 2025.05.12

South Korea's Renewable Energy Breakthrough: Surpassing 10% Amid Grid Modernization Imperative: Seoul, South Korea – A significant milestone has been reached in South Korea's energy landscape as renewable energy sources, ...; Desk 2025.05.12

Korail's Initiative Offers a Lifeline: Providing Employment and Hope to Seoul's Homeless Population: Seoul, South Korea – In a commendable move that underscores the potential for public corporations to address pressing social ...; ONLINE TEAM 2025.05.12

Soaring Pork Prices Drive South Korean Consumers Towards Chicken as a Budget-Friendly Alternative: Seoul, South Korea – The escalating cost of pork in South Korea, fueled by a significant surge in overall livestock prices l ...; Hwang Sujin Reporter 2025.05.12

South Korea's Construction Sector Faces Unprecedented Crisis, Echoing Post-IMF Turmoil: Seoul, South Korea – The South Korean construction industry is grappling with a severe and unprecedented downturn, as eviden ...; Hwang Sujin Reporter 2025.05.12