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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Hyundai E&C Wins Gold at Asia Design Prize for Innovative Housing Model: Seoul, South Korea – Hyundai Engineering & Construction (E&C) has been awarded the Gold Winner in the Space & Ar ...; Desk 2025.02.24

The US battery industry is facing a new turning point through the expansion of large-scale production facilities.: InsideEVs, an electric vehicle media outlet, reported on the 23rd (local time) that 10 new battery plants in the US are scheduled ...; Ana Fernanda Reporter 2025.02.24

Polestar 4 Tops Import EV Sales in January, Overtaking Tesla Model Y: Swedish premium electric vehicle brand Polestar's Polestar 4 topped import EV sales in January, surpassing Tesla. According to the ...; Graciela Maria Reporter 2025.02.23

Korean Researchers Develop AI Model That Can Control Lighting Effects in Photos and Videos With Text Input: A research team at the Ulsan Institute of Science and Technology (UNIST) in South Korea has developed an artificial intelligence ( ...; Hwang Sujin Reporter 2025.02.23

Ulsan City to Trademark Tap Water 'Goraesu' and Build Bottling Facility: Ulsan City is moving forward with plans to trademark its tap water as 'Goraesu' and establish a facility to bottle it. The 'Gorae ...; Hwang Sujin Reporter 2025.02.22

LG Display Achieves Record OLED Sales Proportion, Eyeing Profitability in 2025: SEOUL – LG Display, a leading innovator in display technology, announced on February 22nd that its organic light-emitting di ...; Global Economic Times Reporter 2025.02.22

Trump's 25% Tariff Threat Puts South Korean Auto Industry on Edge: Seoul - The South Korean auto industry is on high alert after former US President Donald Trump mentioned a 25% tariff on imported ...; Yim Kwangsoo Correspondent 2025.02.21

Samsung Electronics Employees' Average Annual Salary Estimated to Be Around ₩128 Million: Seoul, South Korea – According to a recent analysis by the corporate analysis firm Korea CXO Institute, the average annual s ...; KO YONG-CHUL Reporter 2025.02.21

Renault Korea's Grand Koleos Named '2025 SUV of the Year': Renault Korea announced on the 21st that its mid-sized SUV, the Grand Koleos, was named '2025 SUV of the Year' at the '2025 Korea ...; Desk 2025.02.21

KG Mobility Unveils Hybrid Technology for Upcoming Torres SUV: SEOUL – KG Mobility (KGM) has released details about the hybrid technology that will power its upcoming Torres SUV. The comp ...; Yim Kwangsoo Correspondent 2025.02.21

Volvo to Unveil ES90, its Next-Generation Electric Flagship Sedan, on March 5: Volvo Cars has revealed key technological details of its highly anticipated next-generation electric flagship sedan, the Volvo ES9 ...; Yim Kwangsoo Correspondent 2025.02.21

Mercedes-Benz Korea Unveils the All-New Mercedes-AMG SL 43 Roadster: SEOUL – Mercedes-Benz Korea has officially launched the latest addition to its lineup of luxury roadsters, the Mercedes-AMG ...; KO YONG-CHUL Reporter 2025.02.21

Daejeon City Accelerates Implementation of Space and Aviation Regulatory Free Zone Demonstration: Daejeon City held a Regulatory Free Zone Demonstration Item Deliberation Committee on the 14th to establish a specific demonstrati ...; HONG MOON HWA Senior Reporter 2025.02.21

Chungcheongnam-do to Establish Drone Park in Nonsan: Nonsan, South Korea – Chungcheongnam-do province has announced plans to establish a drone park in Nonsan to boost the local ...; HONG MOON HWA Senior Reporter 2025.02.21

Gyeongin Expressway Underground Project to Boost Real Estate Market in Incheon and Seoul: The recent approval of the preliminary feasibility study for the Gyeongin Expressway underground project is expected to bring posi ...; Min Gyu Mi Reporter 2025.02.21

Panamanian Construction Sector Seeks Extension of Preferential Interest Law: PANAMA CITY – The Panamanian Chamber of Construction (Capac) recently convened a meeting with housing promoters and develope ...; Ana Fernanda Reporter 2025.02.21

Vietnam Boosts Legal Support for SMEs in 2025: HANOI — The Ministry of Industry and Trade (MoIT) has unveiled a support plan for small and medium-sized enterprises (SMEs) ...; Ana Fernanda Reporter 2025.02.21

HMM Emerges as Frontrunner in SK Shipping's Partial Asset Acquisition: Seoul, South Korea – HMM Co., Ltd. [011200] has been identified as the preferred bidder for the acquisition of select busine ...; Desk 2025.02.20

Despite Economic Slowdown, Ad Agencies Affiliated with Major Conglomerates Enjoy Record Profits: SEOUL – Major advertising agencies affiliated with South Korea's largest conglomerates, such as Samsung and Hyundai, have an ...; Desk 2025.02.20

Cotton Prices Plummet, Impact on the Apparel Industry?: Cotton prices are plummeting due to increased production in major cotton producing areas around the world and decreased demand for ...; Ana Fernanda Reporter 2025.02.19