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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Gunsan City Boosts Renewable Energy Adoption with New Subsidy Program: Gunsan City, South Korea – Gunsan City has unveiled its 2025 subsidy program aimed at increasing the adoption of residential ...; Yim Kwangsoo Correspondent 2025.03.16

1.2 Million Young People in Korea are Unemployed or Inactive, Severe Youth Unemployment: The number of young people in Korea who are unemployed, preparing for employment, or simply resting at home reached 1.2 million la ...; Desk 2025.03.16

Ayala Land's $500M Bet on Philippine Tourism Boom: Doubling Hotel Portfolio by 2030: MANILA – Ayala Land, a leading Philippine real estate giant, is injecting a substantial $500 million into its hospitality di ...; Desk 2025.03.15

Tobacco Season Opens with High Prices, Promising Prosperity for Farmers: Philippines – The 2024–2025 tobacco crop season has officially commenced, with the National Tobacco Administration (NT ...; KO YONG-CHUL Reporter 2025.03.15

South Korea's Import Prices Drop After Five Months, Driven by Lower Oil Prices and Exchange Rates: Seoul, South Korea – South Korea's import prices experienced a decline in February, marking the first drop in five months, p ...; Global Economic Times Reporter 2025.03.15

eBay Japan Aims to Foster 120 K-Beauty Companies Worth $22 Billion in Three Years: Koo Ja-hyun, CEO of eBay Japan, unveiled an ambitious project to cultivate 20 K-beauty companies valued at 100 billion yen (approx ...; Yim Kwangsoo Correspondent 2025.03.15

Mercedes-Benz Unveils Next-Generation CLA: A Leap in AI and Electric Mobility: Mercedes-Benz has set a new benchmark in the compact sedan segment with the world premiere of the all-new CLA on September 13, 202 ...; Hwang Sujin Reporter 2025.03.15

SkyIntelligence and POP Collaborate on AI-Driven Fashion Trend Model: Shanghai, China – SkyIntelligence, a leader in 3D modeling and generative AI content creation, has announced a partnership w ...; Desk 2025.03.15

Hyundai Steel Enters Emergency Management Amidst Mounting Challenges: Hyundai Steel, a major player in the South Korean steel industry, has declared an emergency management system in response to a con ...; KO YONG-CHUL Reporter 2025.03.15

Moroccan Superapp ORA Technologies Secures $1.9 Million in Pre-Series A Funding, Fueling Fintech Growth: Casablanca, Morocco – ORA Technologies, a leading Moroccan superapp developer, has announced a significant $1.9 million pre- ...; Graciela Maria Reporter 2025.03.14

NEA Director-General Advocates for Nuclear Energy Development in Mongolia: ULAANBAATAR, Mongolia – William D. Magwood, IV, Director-General of the Nuclear Energy Agency (NEA), recently concluded a tw ...; Global Economic Times Reporter 2025.03.14

South Korea and Mongolia Forge Stronger Ties in Rare Metal Supply Chains: Seoul, South Korea – March 12, 2024 – The Ministry of Trade, Industry and Energy of South Korea and Mongolia have soli ...; Desk 2025.03.14

Trump's Steel and Aluminum Tariffs: A Double-Edged Sword for Mexico: Washington D.C. – Former U.S. President Donald Trump's decision to impose sweeping 25% tariffs on all steel and aluminum imp ...; Hannah Yeh Reporter 2025.03.14

Malaysia Braces for Surge of Up to 400,000 Muslim Tourists This Ramadan: KUALA LUMPUR – Malaysia is preparing to welcome a significant influx of Muslim tourists this Ramadan, with projections estim ...; Pedro Espinola Special Correspondent 2025.03.14

Malaysia Launches Major Tourism Drive in Guangzhou to Woo Chinese Visitors for VM2026: Guangzhou, China – Tourism Malaysia has reignited its efforts to attract Chinese tourists with a landmark consumer event in ...; KO YONG-CHUL Reporter 2025.03.14

Paraguay and El Salvador Forge Alliance to Tighten Reins on Digital Asset Services: Asunción & San Salvador - In a move to bolster oversight and regulation of Digital Asset Service Providers (DASPs), Par ...; Yim Kwangsoo Correspondent 2025.03.13

Paraguay Launches $400 Million Project to Combat Hazardous Waste and Boost Recycling: Paraguay is embarking on a comprehensive, five-year project valued at $400 million to significantly reduce hazardous waste and exp ...; Graciela Maria Reporter 2025.03.13

Paraguay's Hirona S.A. Revolutionizes River Transport with Cutting-Edge "Veronica V" Tugboat: ASUNCIÓN, Paraguay – Hirona S.A. - Rio Sur Transport and Logistics, a cornerstone of Paraguay's maritime and logistic ...; Graciela Maria Reporter 2025.03.13

Paraguay's Maquila Industry Celebrates 25 Years of Growth, Eyes Global Expansion: Asunción, Paraguay – The Paraguayan Chamber of Maquila Industries (CEMAP) is set to commemorate its 25th anniversary ...; Ana Fernanda Reporter 2025.03.13

Paraguay Aims to Modernize Industrial Park Regulations by Benchmarking Argentina's Success: The Paraguayan Ministry of Industry and Commerce (MIC) is actively pursuing the modernization of its industrial park regulations b ...; Eugenio Rodolfo Sanabria Reporter 2025.03.13