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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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

Korean Conglomerates Intensify Focus on India and Indonesia Amidst Global Trade Turbulence: In an era marked by increasing unpredictability in the global trade landscape, largely stemming from unilateral tariff measures re ...; KO YONG-CHUL Reporter 2025.05.05

Namwon, Imsil, and Jangsu to Build 'Half-Price Housing' for Young Couples and Newlyweds: In a proactive move to address the escalating crisis of population decline in its rural regions, Jeollabuk-do Province in South Ko ...; Yim Kwangsoo Correspondent 2025.05.05

Kia Sorento Leads Domestic Passenger Car Sales in South Korea Amidst Strong SUV Demand; Hyundai Avante Dominates Sedan Segment as Entry-Level Choice: Seoul, South Korea – New sales figures released by Hyundai and Kia on May 5th reveal a fascinating snapshot of the South Kor ...; Hwang Sujin Reporter 2025.05.05

Over Half of South Korea's 2024 Workplace Fatalities Strike Workers Aged 60 and Above, Small Businesses Bear Disproportionate Burden: Seoul – A sobering report released by South Korea's Ministry of Employment and Labor paints a concerning picture of workplac ...; Desk 2025.05.05

Brazil Stakes Its Claim in the AI Era: Leveraging Renewable Energy to Attract Data Centers: The discourse surrounding energy and climate change over the past year has become inextricably linked with the burgeoning advancem ...; Desk 2025.05.05

Subsea7 Secures Landmark Deepwater Contract for Brazil's Giant Búzios Field Development: In a significant stride for both the company and Brazil's burgeoning offshore energy sector, Subsea7, a global leader in seabed-to ...; Pedro Espinola Special Correspondent 2025.05.05

Colombian Coffee Exports Brew Record First-Quarter Success Amidst Global Headwinds: Against a backdrop of persistent global logistical snarls and simmering geopolitical tensions, Colombia's coffee industry has deli ...; Greace Nunez Correspondent 2025.05.05