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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The Keumyoung Co., Ltd. Inaugurates State-of-the-Art Headquarters in Daejeon, Signaling Growth in Advanced Industrial Sector: DAEJEON, SOUTH KOREA – The Keumyoung Co., Ltd. [(주)더금영], a prominent South Korean firm specializing in the design and manufa ...; HONG MOON HWA Senior Reporter 2025.04.20

Daejeon City First Recipient of the 2025 National Industry Award in the Space Industry Leading City Category: Recognized for achievements in strengthening the competitiveness of space companies through the Daejeon SAT Project, Regulatory Sa ...; HONG MOON HWA Senior Reporter 2025.04.20

LG Innotek's Dream Factory: Pioneering AI-Powered FC-BGA Production to Challenge Global Leaders: GUMI, South Korea – On a recent visit to LG Innotek's "Dream Factory" in Gumi, North Gyeongsang Province, the state-of-the-a ...; KO YONG-CHUL Reporter 2025.04.20

Gmarket Broadens Guaranteed Delivery Service to Empower Third-Party Sellers and Enhance Customer Satisfaction: Gmarket, a prominent e-commerce platform under the South Korean retail giant Shinsegae Group, has announced a significant expansio ...; KO YONG-CHUL Reporter 2025.04.20

Busan's Shipbuilding Equipment Firms Set Sail for China's Massive Market: Busan's shipbuilding equipment manufacturers are intensifying their efforts to penetrate the world's largest shipbuilding market, ...; Yim Kwangsoo Correspondent 2025.04.19

Sejong City's Apartment Market Heats Up Amid Presidential Office Relocation Discussions Ahead of June Election: Sejong City's real estate market is experiencing a notable surge, particularly in its apartment sector, as discussions surrounding ...; HONG MOON HWA Senior Reporter 2025.04.19

Pyeongtaek City Selected for Ministry of SMEs and Startups' 'Neighborhood Commercial District Development Center' Network Project: Pyeongtaek City has been chosen as one of the recipients of the Ministry of SMEs and Startups' (MSS) "Neighborhood Commercial Dist ...; Hwang Sujin Reporter 2025.04.19

New Air Link to Connect Ulsan and Remote Ulleungdo, Boosting Regional Accessibility and Tourism: Ulsan, South Korea – Residents of Ulsan and those eager to explore the captivating natural beauty of Ulleungdo Island will s ...; KIM YOUNG MIN 2025.04.19

Jeju Province Unveils Draft Ordinance Amendments to Spur Economic Growth and Ease Construction Regulations: JEJU SPECIAL AUTONOMOUS PROVINCE – In a bid to revitalize the regional economy and alleviate long-standing grievances relate ...; KO YONG-CHUL Reporter 2025.04.19

Jeju Island Enhances Water and Wastewater Infrastructure in Key Offshore Islands to Improve Quality of Life: Jeju Special Self-Governing Province announced on April 17th its ongoing commitment to significantly improving the living environm ...; KO YONG-CHUL Reporter 2025.04.19

Jeju Island's "Regional Innovation Project" Aims to Boost Tourism Jobs and Premium Experiences: Jeju Island, a jewel of South Korea renowned for its stunning natural landscapes and unique cultural heritage, is embarking on an ...; Yim Kwangsoo Correspondent 2025.04.19

Delayed Bloom Expected for Jeju Open-Field Mandarin Oranges, Prompting Farmer Adaptations: JEJU, South Korea – The anticipated blooming period for open-field mandarin oranges (Citrus unshiu) in Jeju Island is projec ...; KIM YOUNG MIN 2025.04.19

Centuries of Tradition Thrive as Yangyang Traditional Market Welcomes the Spring Season: Nestled in a picturesque locale where the majestic Seoraksan Mountain meets the vast East Sea and the serene Namdaecheon Stream fl ...; Hwang Sujin Reporter 2025.04.19

Incheon Gears Up for New Era of Auto Sports with Innovative Racing Facilities: Incheon is poised to become a burgeoning hub for auto sports enthusiasts with the upcoming development of two distinct and excitin ...; KO YONG-CHUL Reporter 2025.04.19

Incheon Airport Overwhelmed by Record-Breaking International Passenger Traffic Ahead of Golden Holiday: Incheon International Airport is experiencing an unprecedented surge in international passenger traffic, with figures for the firs ...; Hwang Sujin Reporter 2025.04.19

South Korea Faces Agricultural Crisis as Farm Household Population Expected to Fall Below One Million: South Korea's agricultural sector is facing a deepening crisis as the farm household population is projected to drop below the one ...; Hwang Sujin Reporter 2025.04.19

Hyundai Dominates U.S. News & World Report's 2025 Best Hybrid and Electric Vehicle Awards: Hyundai Motor Company has announced its remarkable success at the U.S. News & World Report's 2025 Best Hybrid and Electric Veh ...; Yim Kwangsoo Correspondent 2025.04.19

Pennsylvania's Federal Workforce Shrinks Significantly Amid Trump-Era Cuts: New data released by the U.S. Bureau of Labor Statistics (BLS) reveals that Pennsylvania is experiencing a disproportionately larg ...; Desk 2025.04.19

Suwon City to Showcase Local SMEs at IFA 2025 in Berlin: Suwon City, a hub of innovation in Gyeonggi Province, South Korea, has announced an exciting opportunity for its burgeoning small ...; KO YONG-CHUL Reporter 2025.04.18

South Korean Auto Parts Maker Dasung Expands Mexico Plant, Strengthening Ties with GM Amidst US Tariff Relief: SAN LUIS POTOSI, MEXICO – South Korean automotive component manufacturer Dasung is doubling down on its investment in Mexico ...; KO YONG-CHUL Reporter 2025.04.18