Global Economic Times

2026.05.08 (Fri)
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Hyundai Motor Group Bets $700 Million on Mexico Amid Trade Policy Volatility

MEXICO CITY — In a bold move that defies growing geopolitical tension and fluctuating trade policies, Hyundai Motor Group (HMG) is significantly ramping up its investment in Mexico. While other
Kakao Hits Record Q1 Performance: Operating Profit Surges 66% as Focus Shifts to "Agentic AI"

SEOUL — Kakao, the South Korean tech giant behind the country’s ubiquitous messaging app, announced today that it has achieved its highest-ever first-quarter results. Driven by the robust

Honda Halts $15B Canada EV Plant Plans Amid Strategic Pivot to Hybrids

(C) Investopedia TOKYO – Japanese automaker Honda Motor Co. has indefinitely suspended its plans to build an electric vehicle (EV) and battery manufacturing hub in Ontario, Canada, as the compa

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Coupang’s Dominance Drives Food Giants into a Corner: The High Price of "Rocket Delivery": SEOUL — In the rapidly evolving landscape of South Korea’s e-commerce market, Coupang has cemented its status as an un ...; Global Economic Times Reporter 2026.01.01

Bando Construction Secures Gadeokdo New Airport Construction Authority for 'Ivy Planet' in Busan Eco Delta City: (C) Gadeokdo New Airport Construction Authority BUSAN — In a landmark move for the regional economy, Bando Construction h ...; Hee Chan Kim Reporter 2026.01.01

Toward the Era of $1 Trillion in Exports: South Korea Hits the $700 Billion Milestone: (C) The Investor PYEONGTAEK, South Korea — South Korea has officially entered the elite ranks of the world’s top expo ...; KO YONG-CHUL Reporter 2026.01.01

SpaceX, Blue Origin, and Rocket Lab: 2026 to Mark a New Era for Global Space Launch Market: (C) Teslarati As 2026 approaches, the global space launch industry is poised for an unprecedented phase of expansion, led by tita ...; Eugenio Rodolfo Sanabria Reporter 2026.01.01

Chronic Labor Shortage Hits Korea’s Tech Sector: "Hiring Newcomers is No Longer an Option, But a Necessity": (C) Samsung Despite a steady increase in the number of industrial technical workers, South Korea’s tech sectors continue to ...; KO YONG-CHUL Reporter 2026.01.01

KT Announces Compensation Plan for Massive Cyber Breach: Termination Fee Waivers and 100GB Data Bonus: (C) KT Enterprise KT Corporation, one of South Korea’s leading telecommunications giants, officially announced a comprehe ...; Global Economic Times Reporter 2025.12.30

Hyundai Likely to Forfeit Buyback Option on Russian Plant Amid Geopolitical Stasis: (C) bne IntelliNews SEOUL — Hyundai Motor Company is facing a grim reality regarding its production future in Russia. Accor ...; Graciela Maria Reporter 2025.12.30

From Symbol of Decline to Epicenter of Revival: Hanwha Philly Shipyard Emerges as the Cornerstone of Trump’s Naval Ambitions: (C) The Virginian Pilot PHILADELPHIA – On a cold December afternoon at the historic Philadelphia Navy Yard, the rhythmic cl ...; KO YONG-CHUL Reporter 2025.12.30

S. Korea to Revoke ‘ISMS-P’ Security Certifications for Breaches Affecting Over 10 Million Users: SEOUL – The South Korean government has announced a stringent overhaul of the national information security certification sy ...; Hwang Sujin Reporter 2025.12.29

Yongin Semiconductor Cluster Gains Momentum as Land Compensation Begins; Construction Slated for Late 2026: (C) Venture square YONGIN, South Korea — The ambitious project to establish the "Yongin Advanced System Semiconductor Nat ...; Min Gyu Mi Reporter 2025.12.29

Homeplus Submits Rehabilitation Plan Featuring Split-Off Sales and Store Closures: SEOUL – Homeplus, currently undergoing corporate rehabilitation, has submitted a "Structural Innovation Rehabilitation Plan" ...; Kim Sungmoon Reporter 2025.12.29

Samsung Electronics Signals Comeback in Robot Vacuum Market, Overtaking Chinese Rival Roborock in Online Buzz: (C) Yicai Global SEOUL — Samsung Electronics is gearing up for a major showdown to reclaim its home turf from Chinese domin ...; Hwang Sujin Reporter 2025.12.29

The Era of Private Space Stations: Voyager, Airbus, and Mitsubishi Join Forces for 'Starlab': (C) Aero Times The race for the next generation of orbital outposts is heating up as global aerospace giants solidify their par ...; Ana Fernanda Reporter 2025.12.29

New Food Trends: From Creamy Fusion Noodles to Traditional Korean Pickles: (C) Hong Kong Banjom SEOUL — South Korea’s vibrant food and beverage industry continues to evolve as major players in ...; Kim Sungmoon Reporter 2025.12.27

Energy Giant Samchully Acquires 'Sunggyung Food' for 120 Billion Won to Boost Food Business: SEOUL — Samchully Group, South Korea's leading city gas provider, is set to acquire Sunggyung Food, the manufacturer of the ...; KO YONG-CHUL Reporter 2025.12.27

Korea’s Minimum Wage Surpasses "Employment Danger Zone," IMF Warns of Job Losses: (C) Working Times SEOUL – Small business owners in South Korea are increasingly vocal about the financial strain caused by ...; Shin Yeju Intern Reporter 2025.12.27

China Becomes ‘Graveyard for Imported Cars’ as German Luxury Brands Plummet: (C) PCAuto BEIJING – The once-dominant reign of global premium automakers in China is facing a structural crisis. As domest ...; Yim Kwangsoo Correspondent 2025.12.27

HD Hyundai Heavy Industries Nears 20-Vessel Export Milestone with Philippine Corvette Deal: (C) HD Hyundai Heavy Industries (HD HHI) SEOUL — HD Hyundai Heavy Industries (HD HHI) is on the verge of reaching a histori ...; Hwang Sujin Reporter 2025.12.27

Jeonbuk State Achieves Milestone: First Non-Metropolitan Region to Break 1 Trillion Won Venture Fund Mark: JEONJU – Jeonbuk Special Self-Governing State has made history by becoming the first non-metropolitan region in South Korea ...; KIM YOUNG MIN 2025.12.25

NCSoft Launches Year-End 'PC Cafe Festival' with Multi-Game Rewards: (C) KED Global SEOUL – NCSoft, a leading South Korean game developer and publisher, announced on Wednesday the launch of it ...; Global Economic Times Reporter 2025.12.25

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