Global Economic Times

2026.05.08 (Fri)
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Samsung Electronics Shifts Strategy in China: Moving from Hardware Sales to Platform-Based Business

SEOUL – Samsung Electronics is undertaking a major restructuring of its home appliance business in China, marking a significant pivot 34 years after first entering the market. The move is seen a
Tesla Model Y Becomes First to Pass Grueling New U.S. Autonomous Safety Tests

WASHINGTON D.C. — Tesla’s flagship SUV, the Model Y, has made history as the first vehicle to pass the United States government’s newly implemented safety tests for advanced driver-a

Celltrion’s Zymfentra Sees Explosive 300% Growth, Hits Record Quarterly Prescriptions in the U.S.

[NEW YORK] – Celltrion’s strategic push into the United States is yielding unprecedented results. Zymfentra (marketed as Remsima SC outside the U.S.), the world's first and only subcut

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Brazil's Central Bank Hikes Key Rate to 19-Year High Amid Persistent Inflation Concerns: Brasília, Brazil – In a resolute move to combat persistent inflationary pressures, the Central Bank of Brazil's Monet ...; Ana Fernanda Reporter 2025.05.08

China Pivots to Australia and India for Livestock Feed as Trade Spat with Canada Escalates: Beijing – China is actively forging new trade partnerships with Australia and India to secure alternative sources for crucia ...; Eugenio Rodolfo Sanabria Reporter 2025.05.08

South Korean Shipbuilding Giants HD Hyundai Heavy Industries and Hanwha Ocean Forge Alliance for Canada's Multi-Billion Dollar Submarine Overhaul: Seoul, South Korea – In a significant move signaling a powerful alliance in the global defense sector, South Korean shipbuil ...; Desk 2025.05.08

China's Booming Bioreagent Market Driven by Rapid Life Science Advancements: The burgeoning field of life sciences in China is acting as a significant catalyst for the nation's bioreagent market, a sector vi ...; Pedro Espinola Special Correspondent 2025.05.08

Korean Pet Industry Eyes Booming Italian Market with Debut at ZOOMARK 2025: BOLOGNA, ITALY – Ten South Korean pet industry companies are making a concerted push into the burgeoning Italian pet market, ...; Hwang Sujin Reporter 2025.05.08

Samsung Heavy Industries Unveils Advanced Deepwater FLNG Solution, Garners Key Certifications to Spearhead Offshore Gas Development: Samsung Heavy Industries (SHI), a global leader in shipbuilding and offshore engineering, has announced a significant breakthrough ...; Greace Nunez Correspondent 2025.05.08

Hyundai Bets on Humanoid Robotics to Revolutionize US Auto Manufacturing at Georgia Megafactory: Seoul, South Korea – Hyundai Motor Group is making a bold leap into the future of automotive manufacturing with the planned ...; KO YONG-CHUL Reporter 2025.05.07

K-Beauty's Global Ascendancy: US Emerges as Potential Top Export Destination Amidst Robust Growth: Seoul, South Korea – The allure of K-Beauty continues its powerful global expansion, evidenced by the latest trade figures r ...; Graciela Maria Reporter 2025.05.07

Woori Bank Establishes Polish Branch to Back Korean Water Industry SMEs Amidst Eastern European Expansion: Seoul, South Korea – Woori Bank, a prominent South Korean financial institution, has officially inaugurated its branch in Wa ...; KO YONG-CHUL Reporter 2025.05.07

BioFriends Expands into Indonesian Clean Energy Market with Local Subsidiary and DME Plant Project: Seoul, South Korea – BioFriends Co., Ltd., a prominent climate technology innovator, has solidified its presence in the burg ...; Graciela Maria Reporter 2025.05.07

South Jeolla Province Aggressively Pursues Indonesia's Burgeoning Renewable Energy Market, Securing Initial Deals and Strategic Partnerships: South Jeolla Province, a burgeoning hub for clean energy in South Korea, is making significant strides in its ambition to penetrat ...; Yim Kwangsoo Correspondent 2025.05.07

Uber Navigates Global Landscape with Strategic Partnerships Amid Shifting Economic Winds and AV Race: San Francisco, CA – As Uber gears up for its first-quarter earnings report, the ride-hailing and delivery giant is strategic ...; Eugenio Rodolfo Sanabria Reporter 2025.05.07

Vietnam's Agricultural and Fisheries Sector Flourishes with Robust Export Growth Amidst Rising Global Prices: Hanoi, Vietnam – Vietnam's agricultural and fisheries sector is experiencing a period of significant prosperity, with export ...; Eugenio Rodolfo Sanabria Reporter 2025.05.07

HiteJinro Navigates US-Vietnam Tariff Talks with High Stakes for Soju's Global Ambitions: Seoul, South Korea – The initiation of trade negotiations between Vietnam and the United States, prompted by tariffs imposed ...; ONLINE TEAM 2025.05.07

Dongbu Construction Wins Top Prize at Drone-Utilizing Construction Safety Innovation Contest: Dongbu Construction (KRW 4,150, down KRW 25 or 0.60%) announced on the 7th that it won the top prize (Excellence Award), the first ...; KO YONG-CHUL Reporter 2025.05.07

Daejeon Unveils Ambitious Strategy to Dominate Future Secondary Battery Market: Daejeon Metropolitan City, a hub of scientific research and technological innovation in South Korea, has announced a comprehensive ...; HONG MOON HWA Senior Reporter 2025.05.07

South Korean Construction Sector Grapples with Existential Crisis as Closures Soar and New Entrants Dwindle: The South Korean construction industry is facing a deepening crisis, evidenced by a 14-year high in business closures and a record ...; Desk 2025.05.06

Obligado's Family Farming Fair Cultivates Community and Economy: OBLIGADO, PARAGUAY - A vibrant weekly family farming fair has blossomed into a cornerstone of community development in the Municip ...; Pedro Espinola Special Correspondent 2025.05.06

Paraguay Sesame Harvest Starts Early with "Very Good" Quality and Yields… Focusing on Expanding Sales Channels Amid Export Market Competition: The Paraguayan Sesame Exporters' Association (Capexse) has announced that this year's sesame harvest in Paraguay began earlier tha ...; Graciela Maria Reporter 2025.05.06

Paraguay Accelerates Semiconductor Industry Talent Development… 25 Engineers Embark on Training in Taiwan: Paraguay is actively promoting the development of specialized personnel in the semiconductor industry, which is attracting attenti ...; Eugenio Rodolfo Sanabria Reporter 2025.05.06