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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U.S.-China Tariff War Triggers Dramatic Cargo Drop, Disrupting Trade Flows: The intensifying tariff battle between the United States and China is wreaking havoc on global trade flows, leading to a precipito ...; Greace Nunez Correspondent 2025.04.28

Incheon-Dandong Ferry Service Restarts Passenger Operations After Over Five-Year Hiatus: INCHEON, South Korea – The maritime connection between South Korea and China has been revitalized as the Incheon-Dandong fer ...; Min Gyu Mi Reporter 2025.04.28

Lee Soo-man's Zalpha-Pop Takes Root in US Market with Debut of A2O MAY: SEOUL & BEIJING – Music industry mogul Lee Soo-man, the pioneering force behind the global phenomenon of K-pop through h ...; Hwang Sujin Reporter 2025.04.28

KHIDI Facilitates Chinese Market Entry for Promising South Korean Biopharma Firms in Collaboration with AstraZeneca: SEOUL, South Korea – The Korea Health Industry Development Institute (KHIDI) has recently concluded a successful initiative ...; KIM YOUNG MIN 2025.04.28

Gyeongbuk Province Intensifies Efforts to Attract Chinese Tourists with Emotional Tourism Appeal: Gyeongsangbuk-do Province and its tourism arm, the Gyeongbuk Culture & Tourism Organization, are strategically positioning the ...; Global Economic Times Reporter 2025.04.28

Shein Hikes U.S. Prices by Up to 377% as Tariff Deadline Looms: In a dramatic shift, Chinese online retail giant Shein has significantly increased prices on its U.S. product listings, with some ...; Ana Fernanda Reporter 2025.04.28

China Rolls Out Enhanced Tax Refund Scheme to Spur Foreign Tourism and Spending: Beijing, China – In a significant move aimed at revitalizing its tourism sector and boosting foreign consumption, China has ...; Kim Sungmoon Reporter 2025.04.28

Arensia Intensifies Japan Market Push with LOFT COSFES Participation and Ginza Pop-Up: SEOUL, SOUTH KOREA – Korean beauty brand Arensia is making significant strides in its global expansion strategy, with a stro ...; Hwang Sujin Reporter 2025.04.28

South Korea's Supreme Court Broadens Definition of Unfair Labor Practices in Favor of Unionized Workers: Seoul, South Korea - In a significant ruling for labor rights, South Korea's Supreme Court has broadened the interpretation of unf ...; Hwang Sujin Reporter 2025.04.28

Hydrogen Vehicle Boom Faces Charging Infrastructure Bottleneck in South Korea: SEOUL, South Korea - South Korea's ambitious push towards a hydrogen-powered transportation future is encountering a significant h ...; KIM YOUNG MIN 2025.04.28

POSCO Group Honored with Double Win at Prestigious IR52 Jang Young-shil Awards: SEOUL, South Korea – POSCO Group has once again demonstrated its commitment to innovation and sustainability, securing two d ...; Yim Kwangsoo Correspondent 2025.04.28

South Korea Hikes Train Ticket Cancellation Fees and Fare Evasion Penalties on Peak Days: SEOUL, South Korea – In a move to combat "no-show" passengers and deter fare evasion, South Korea's Ministry of Land, Infras ...; KO YONG-CHUL Reporter 2025.04.28

Paraguay Records Unprecedented Employment Growth: Government Policies Prove Highly Effective: Paraguay has recently marked a remarkable employment surge, signaling a positive upturn in its economic vitality. The Paraguayan M ...; Greace Nunez Correspondent 2025.04.28

52nd Anniversary of the Itaipu Treaty: Paraguay and Brazil's Historic Cooperation and Foundation for Energy Independence: April 26, 2025, marks the 52nd anniversary of the signing of the Itaipu Treaty, which laid the groundwork for the construction of ...; Yim Kwangsoo Correspondent 2025.04.28

Paraguay's Construction Sector Drives Economic Recovery, Generating Over 220,000 Jobs in 2024: Paraguay's construction sector has emerged as a key driver of economic recovery, generating 221,369 jobs in 2024 thanks to proacti ...; Desk 2025.04.28

Regional Supermarket Federation Urges Reconsideration of Sanitary Registration Exemption: Expresses Concern Over Allowed Exemptions for Imported Food and Beverages: The regional supermarket industry has voiced deep concern regarding local measures that suspend and allow exemptions from the sani ...; Ana Fernanda Reporter 2025.04.28

Seeking International Cooperation for the Reconstruction of the Philippine Shipbuilding Industry: Denmark-Philippines Joint Webinar to be Held: The Embassy of Denmark in the Philippines, in cooperation with the Philippine Department of Transportation (DOTr) and the Anti-Red ...; Yim Kwangsoo Correspondent 2025.04.27

Singapore Hosts Successful Opening of GITEX ASIA x Ai Everything, Opening Doors for Asian Technology Collaboration: Singapore – Amidst weeks of fervent anticipation from the regional and international tech industries, the inaugural GITEX AS ...; Eugenio Rodolfo Sanabria Reporter 2025.04.27

Gyeonggi Province Invests $3.9 Million to Expand Coastal Road on Jebudo Island, Boosting Safety and Tourism: Gyeonggi Province has announced a significant investment of 5.2 billion KRW (approximately $3.9 million USD) to enhance the coasta ...; Kim Sungmoon Reporter 2025.04.27

Congestion at Incheon Coastal Ferry Docks and Terminals Hinders Island Accessibility: The Incheon coastal ferry docks and terminals, vital transportation hubs for accessing the city's islands, are facing severe conge ...; Hwang Sujin Reporter 2025.04.27