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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Korean Startup's Sleep-Tracking Ring Dominates Japan's Amazon, Signaling a Shift in Wearable Tech: Seoul, South Korea – A South Korean wearable tech startup, Apposter, is making waves in Japan with its innovative smart ring ...; KO YONG-CHUL Reporter 2025.05.12

Red Alert for Regional Airports: Mounting Deficits Threaten Safety and Sustainability: Seoul, South Korea – A stark financial reality is casting a long shadow over South Korea's regional airports, raising seriou ...; Graciela Maria Reporter 2025.05.12

Korean Card Giants Vie for Dominance in Booming Overseas Payment Market: Seoul, South Korea – The burgeoning appetite for international travel among Koreans is igniting a fierce battle for market s ...; Global Economic Times Reporter 2025.05.12

Woori Financial Commits KRW 2 Trillion to Fuel South Korea's Burgeoning Aerospace Sector: Seoul, South Korea – Woori Financial Group has announced a substantial commitment of KRW 2 trillion (approximately USD 1.5 b ...; Global Economic Times Reporter 2025.05.12

South Korea Assembles 'K-Shipbuilding Dream Team' in Ambitious Quest for Dominance in Liquid Hydrogen Carrier Technology: Busan, South Korea – In a bold move to spearhead the next generation of maritime transport, South Korea has officially launc ...; Ana Fernanda Reporter 2025.05.12

Dominican Republic's Low-Cost Carrier Arajet Launches New Boston Route, Accelerating Expansion in the Americas: BUENOS AIRES, ARGENTINA - Arajet, the burgeoning low-cost airline from the Dominican Republic, has officially announced the launch ...; Greace Nunez Correspondent 2025.05.11

Argentine State Oil Company YPF Reports Strong Q1 Performance Driven by Vaca Muerta Surge: BUENOS AIRES - Argentina's state-owned energy giant YPF has announced a significant surge in its first-quarter performance for 202 ...; Pedro Espinola Special Correspondent 2025.05.11

Lotte Shopping Defies Consumption Slump with Strong 'Quality Growth', Q1 Operating Profit Jumps 29%: Lotte Shopping has demonstrated the success of its "quality growth" strategy by achieving remarkable first-quarter results amidst ...; Desk 2025.05.11

Paraguay Ends State Monopoly on Gambling, Opens Doors to Private Operators: Asunción, Paraguay – In a landmark move set to reshape its gambling industry, Paraguay has dismantled its decades-lon ...; Pedro Espinola Special Correspondent 2025.05.11

UK and Switzerland Explore Direct Rail Link, Aiming to Expand European Connectivity: Bern, Switzerland - The United Kingdom and Switzerland have taken a significant step towards enhancing their connectivity with the ...; KO YONG-CHUL Reporter 2025.05.11

Swedish Data Center Firm Bahnhof to Transform WWII Bunker into Underground Fortress of Data: Gothenburg, Sweden - Swedish data center specialist Bahnhof is turning heads in the industry with its ambitious plan to construct ...; Ana Fernanda Reporter 2025.05.11

Sweden Signals Caution on Hydrogen Car Era, Champions Diesel-Electric Hybrids for Tangible Carbon Reduction: As the world largely focuses on hydrogen as the future's clean fuel, Sweden is making waves by proposing a carbon-neutral solution ...; Desk 2025.05.11

Mokpo Explores AI-Driven Industrial Ecosystem Innovation: The Challenge of Practical Application Strategies: Mokpo, South Korea – Businesses forming the backbone of the Jeollanam-do province's economy in Mokpo recently convened to de ...; Yim Kwangsoo Correspondent 2025.05.10

CJ Logistics Forges Alliance with Saudi Logistics Giant Naqel Express to Conquer Middle East Delivery Market: SEOUL, South Korea – CJ Logistics, South Korea's leading logistics company, is making a bold move to seize a significant sha ...; Hwang Sujin Reporter 2025.05.10

Trump's Policies and Rhetoric Cast Shadow Over California's Tourism Boom: Los Angeles, CA – California's vibrant tourism industry, a cornerstone of the state's economy, is bracing for an unexpected ...; Myung Sun Yim Correspondent 2025.05.10

Daejeon Advances Ambitious Urban Rail Expansion: A Blueprint for Sustainable Growth and Connectivity: Daejeon, South Korea – Daejeon Metropolitan City has laid out a comprehensive vision for the future of its public transporta ...; KO YONG-CHUL Reporter 2025.05.09

DP World Opens First Logistics Warehouse in Singapore, Accelerating Efforts to Strengthen Logistics Capabilities in Asia: Global supply chain solutions provider DP World has further strengthened its logistics network in the Asia Pacific region by openi ...; Kim Sungmoon Reporter 2025.05.09

CPChem Sells Singapore Business Unit to Aster Chemicals & Energy… Restructuring Asia Market Strategy: U.S. petrochemical company Chevron Phillips Chemical (CPChem) has announced the sale of its 100% stake in its Singaporean business ...; Global Economic Times Reporter 2025.05.09

Leading the Asian Smart Port Revolution: Singapore, China, and South Korea Redefine Maritime Infrastructure Through Digital Transformation and Green Innovation: The imperative for decarbonization and the integration of Artificial Intelligence (AI) are laying the essential groundwork for sma ...; Hwang Sujin Reporter 2025.05.09

Taiwan's Energy Crisis Emerges as an Existential Threat to National Survival: In a recent analysis piece titled "Taiwan's Energy Crisis Could Become an Existential Threat," published by the U.S. energy news o ...; Hwang Sujin Reporter 2025.05.09