Global Economic Times

2026.06.28 (Sun)
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Kia’s Strategic Pivot: Accelerating Electrification Through SDV, PBV, and EREV Innovation

At the 2026 Busan Mobility Show held on June 26, Kia Corporation unveiled a comprehensive future mobility strategy centered on three core pillars: Software-Defined Vehicles (SDV), Purpose-Built Vehicl
Hyundai Motor Prioritizes "Customer Experience" Over Pricing: Aiming for Lifelong Loyalty with the New Avante

BUSAN, South Korea — At the 2026 Busan Mobility Show held at BEXCO on June 26, José Muñoz, President and CEO of Hyundai Motor Company, unveiled a bold vision for the future of the

Incheon Port Authority Overhauls Incentive Program to Boost Cargo Throughput

The Incheon Port Authority (IPA) has announced a significant restructuring of its long-standing incentive program, aiming to reinvigorate cargo traffic and solidify the port’s position as a prem

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Pet-Friendly Platform Pet Friends' "Butler Life" Community Service Explodes in Popularity, Driving Sales Growth: Pet Friends, a leading pet platform in Korea, announced on June 1st that its community service, "Butler Life," has seen a 29-fold ...; Desk 2025.02.02

South Korea's Oil Refineries Achieve Record-Breaking Gasoline and Diesel Exports in 2024: Seoul, South Korea – South Korea's oil refining industry has marked a new milestone with record-breaking exports of gasoline ...; KO YONG-CHUL Reporter 2025.02.02

South Korea's Youth Unemployment Crisis: A Looming Time Bomb By James Smith: SEOUL – South Korea is facing a growing crisis of youth unemployment, with young people increasingly struggling to find stab ...; ONLINE TEAM 2025.02.02

Seoul's Seocho District Tops Average Apartment Transaction Price in 2024: Seoul – According to data provided by the Korea Real Estate Board to Rep. Lee Yeon-hee of the Democratic Party of Korea's La ...; Min Gyu Mi Reporter 2025.01.31

Jajangmyeon Prices Soar Over the Past Decade, Leading 'Noodle-flation': Among popular dining-out options in South Korea, the price of jajangmyeon (black bean noodles) has seen the most significant incre ...; Desk 2025.01.31

Tesla to Launch Fully Autonomous Robotaxi Service in June, Plans for Low-Cost EV: Tesla is set to revolutionize urban transportation with the launch of its robotaxi service in June. CEO Elon Musk announced the am ...; Yim Kwangsoo Correspondent 2025.01.31

China's AI Offensive Intensifies, Challenging US Dominance: The reverberations of DeepSeek, a Chinese AI model delivering ChatGPT-level performance at a fraction of the cost, continue to sha ...; KO YONG-CHUL Reporter 2025.01.31

Korean Memory Industry Closely Monitoring Global Market Trends Following the Emergence of Chinese AI Model 'DeepSeek R1': The Korean memory industry is closely monitoring global market trends following the emergence of the Chinese artificial intelligen ...; KO YONG-CHUL Reporter 2025.01.31

Chợ Lách: A Blossoming Hub of Horticultural Excellence: Bến Tre's Chợ Lách District, renowned as the "kingdom of seedlings, flowers, and ornamental plants," is a vital center for ...; Eugenio Rodolfo Sanabria Reporter 2025.01.30

Hải Phòng Seaport Targets 112 Million Tonnes Cargo Handling in 2025: HẢI PHÒNG – The Hải Phòng seaport system aims to handle 112 million tonnes of cargo in 2025, according to Dire ...; Global Economic Times Reporter 2025.01.30

Busan Emerges as a Global Hub for Green Shipbuilding R&D: Busan, South Korea – The coastal city of Busan is rapidly positioning itself as a global leader in green shipbuilding and ad ...; JEONG CHAN MYEONG Senior Reporter 2025.01.30

Senior Employment in South Korea Reaches Record High: Seoul, South Korea – South Korea’s aging population has led to a surge in senior employment, with the economic partici ...; KO YONG-CHUL Reporter 2025.01.30

AI-Generated Content Revolutionizes Game Development: Seoul, South Korea – The gaming industry is undergoing a significant transformation as generative AI accelerates game develo ...; Min Gyu Mi Reporter 2025.01.30

Soaring Debt Among South Korean Self-Employed Amidst Economic Downturn: Seoul, South Korea – The number of self-employed South Koreans struggling to repay their loans has surged by over 40% in the ...; Desk 2025.01.30

South Korea's 40s Workforce Shrinks to 20-Year Low: Seoul, South Korea – South Korea's 40-year-old workforce, a critical pillar of the nation's economy, has continued to declin ...; ONLINE TEAM 2025.01.30

Gravity Shampoo Achieves 4 Consecutive Sell-Outs on Lotte Home Shopping: Seoul, South Korea – Gravity, a functional hair care brand developed by Polyphenol Factory, a startup founded by Kaist chemi ...; Hwang Sujin Reporter 2025.01.30

Everobot's Bedding Robot Vacuum Cleaner Drives Sales Growth: Seoul, South Korea – Everobot, a leading AI service robot company, is experiencing a surge in sales expectations following t ...; Desk 2025.01.29

China Builds Massive Laser Fusion Facility: China is constructing a massive laser fusion research facility in Mianyang, southwestern China, according to satellite imagery ana ...; KO YONG-CHUL Reporter 2025.01.29

Seoul Apartment Rents Surge Amidst Villa Rental Decline: Seoul, South Korea – A recent surge in rental prices for small apartments in Seoul and other parts of the metropolitan area ...; Hwang Sujin Reporter 2025.01.29

Incheon Motels Fined for Price-Fixing and Amenity Fees: Incheon, South Korea – A group of motel operators in Incheon's Jung-gu district have been fined by the Fair Trade Commission ...; KO YONG-CHUL Reporter 2025.01.28