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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Taeyoung E&C Secures 76.6 Billion KRW Contract for Cheongju Multipurpose Indoor Gymnasium: Taeyoung E&C has announced its first contract win of the year, securing a 76.6 billion KRW project to construct the Cheongju M ...; Hwang Sujin Reporter 2025.03.05

South Korea Grapples with Escalating Vacant Housing Crisis: 8 Out of 100 Homes Empty: A recent report by the Construction Economy Research Institute of Korea reveals a deepening vacant housing crisis in South Korea. ...; ONLINE TEAM 2025.03.05

Korean Pharmaceutical and Biotech Companies Accelerate Development of Obesity Treatments: The Korean pharmaceutical and biotech industry is accelerating the development of new obesity treatments. Hanmi Pharmaceutical is ...; Eugenio Rodolfo Sanabria Reporter 2025.03.04

Young Adults' Past High Inflation Experiences Drive Increased Real Estate Demand: A recent study by the Bank of Korea (BOK) reveals that young adults' experiences with high inflation have significantly influenced ...; Yim Kwangsoo Correspondent 2025.03.04

Myrrh-Based Microbial Fertilizer 'Carve' Brings Hope to Strawberry Farmers: The Mir Life, the sales corporation for Carve, announced on the 2nd that they have received numerous success stories from farmers ...; Desk 2025.03.03

NAQS Intensifies Crackdown on Misleading Origin Labels in Online Food Market: SEOUL, South Korea – The National Agricultural Products Quality Management Service (NAQS) has launched a rigorous crackdown ...; KO YONG-CHUL Reporter 2025.03.03

Samsung Display to Unveil 'OLED Magic' at MWC 2025: Barcelona, Spain – Samsung Display has announced its plans to showcase a range of cutting-edge OLED technologies at the upco ...; Ana Fernanda Reporter 2025.03.03

Netflix Sees Surge in Korean Content, Positioned as Third Most Prevalent Language: Seoul, South Korea - Korean language content on Netflix has experienced a significant surge, now holding the third-largest share a ...; Hwang Sujin Reporter 2025.03.03

SEOULCon 2024 Attracts 61,000 Visitors, Generates $53.6 Billion in Economic Impact: Seoul, South Korea – The '2024 SEOULCon' influencer fair, held at the Dongdaemun Design Plaza (DDP) in Seoul at the end of l ...; Hwang Sujin Reporter 2025.03.03

South Korean Manufacturers Eye Alternative Power Sources Amid Rising Electricity Costs: SEOUL – A recent survey by the Korea Chamber of Commerce and Industry (KCCI) reveals that nearly 40% of South Korean manufac ...; KO YONG-CHUL Reporter 2025.03.03

2025 Korea Job Fair: Major Companies Offer Employment Opportunities: The Ministry of Employment and Labor will host the "2025 Korea Job Fair" at the aT Center in Seocho-gu, Seoul, from March 19th to ...; Desk 2025.03.03

Cryptocurrency Market Plummets Amidst Triple Whammy: Investor Sentiment Freezes: Recently, the cryptocurrency market has experienced a sharp decline alongside major global stock markets, causing increased anxiet ...; Desk 2025.03.02

Turning Trash into Treasure: South Korea's Plasma Breakthrough: In a significant stride towards sustainable waste management and clean energy production, South Korean researchers at the Korea In ...; KO YONG-CHUL Reporter 2025.03.02

The Rise of Subculture Games: No Longer a Niche in the Korean Gaming Market: "The beautiful artwork caught my eye, and I thought, 'Why not give it a try?' I started casually, but now I've been playing for ov ...; Hwang Sujin Reporter 2025.03.02

Yeouido's Skyline Set for Transformation: Daegyo Apartment Reconstruction Gains Momentum: Seoul's Yeouido district is poised for a significant transformation as the Daegyo Apartment reconstruction project has successfull ...; Hwang Sujin Reporter 2025.03.02

A New Era of Maritime Alliance: ROK-U.S. Shipbuilding Partnership: The recent summit between South Korean and U.S. industry ministers marks a pivotal moment in our bilateral relations, with shipbui ...; Yim Kwangsoo Correspondent 2025.03.02

Portugal's Housing Crisis: A Record-Breaking Affordability Plunge: Portugal is facing an unprecedented housing crisis, with new data from the OECD revealing the nation as the least affordable place ...; Graciela Maria Reporter 2025.03.01

Portugal's Housing Market Hits Record Highs: A Deep Dive into January's Surge: Portugal's housing market has kicked off the new year with a significant surge, as evidenced by the latest data from the National ...; Eugenio Rodolfo Sanabria Reporter 2025.03.01

Portugal's Lithium Mine Debate: Parliament Demands Oversight Amidst Local Resistance: Portugal's quest for a stake in the burgeoning lithium market has ignited a fierce debate, pitting economic ambitions against envi ...; Ana Fernanda Reporter 2025.03.01

Daejeon Pioneers New Affordable Housing Model: Regionally Tailored Public-Private Rentals: Daejeon is set to become a model for innovative, affordable housing solutions with the introduction of the "Regionally Proposed Pu ...; HONG MOON HWA Senior Reporter 2025.03.01