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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New Expressway to Boost Connectivity in Yongin: Yongin, South Korea – A major new transportation artery, the Sejong-Pocheon Expressway, is set to open on January 1st, revol ...; Desk 2025.01.01

Nostalgic Gyeonggi Line to Resume Operations After 20 Years: After a 20-year hiatus, the nostalgic Gyeonggi Line, connecting Goyang, Yangju, and Uijeongbu in northern Gyeonggi Province, is se ...; Desk 2025.01.01

Decades-Long Legal Battle Over Hot Spring Clears Way for Urban Development in Ansan: Ansan, South Korea – A protracted legal dispute over a hot spring that has stalled the development of a 80,000 square-meter ...; Desk 2025.01.01

Anyang City to Transform Gwanak Boulevard into a Thriving Business District: Anyang, South Korea – Anyang City has announced ambitious plans to redevelop the area surrounding Gwanak Boulevard, transfor ...; KO YONG-CHUL Reporter 2025.01.01

Travel and Food Service Industries in Gangwon-do Face Double Blow: Gangwon-do, South Korea – The travel and food service industries in Gangwon-do are facing a double blow following a recent a ...; Desk 2025.01.01

Gyeongnam Shipbuilders Bounce Back Amidst Global Challenges: Gyeongnam’s shipbuilding industry has experienced a resurgence in 2024, bolstered by government support and a recovering glo ...; Desk 2025.01.01

SK Gas and Korea Western Power Join Forces to Create Environmentally Friendly Heat Supply Business: Seoul, South Korea – SK Gas, a leading energy company, and Korea Western Power have announced a groundbreaking partnership t ...; Desk 2024.12.31

South Korean Ferry Companies Receive Significant Tax Relief: Seoul, South Korea – The South Korean Shipping Association (KSA) has secured a major victory for the nation's ferry industry ...; Global Economic Times Reporter 2024.12.31

Gyeongnam Province Recognizes 5 Companies for Outstanding Safety Practices: Changwon, South Korea – Gyeongnam Province has honored five companies for their exceptional efforts in preventing industrial ...; Desk 2024.12.31

South Korea to Standardize Charging Ports to USB-C, Streamline Job Applications: Seoul, South Korea – Starting February 2025, South Korea will mandate the use of USB-C charging ports for a wide range of el ...; Global Economic Times Reporter 2024.12.31

SH Corporation Seeks Designs for Guryong Village Redevelopment: Seoul, South Korea – The Seoul Housing Corporation (SH Corporation) announced today that it is seeking design proposals for ...; ONLINE TEAM 2024.12.31

Hwaseong International Theme Park Gets Green Light, Set to Become Asia's Next Landmark: Hwaseong, South Korea – Shinsegae Hwaseong, a subsidiary of Shinsegae Group, announced today that its highly anticipated Hwa ...; ONLINE TEAM 2024.12.30

Lotte Construction Secures Prestigious Yongsan Redevelopment Project: Seoul, South Korea – Lotte Construction has been awarded the contract to redevelop the iconic Yongsan Sanho Apartment, solid ...; Hwang Sujin Reporter 2024.12.30

Seoul's Hotel Redevelopment Boom Fuels Billions in Financing: Seoul, South Korea – A wave of hotel redevelopment projects in Seoul is set to bring billions of dollars into the city&rsquo ...; Desk 2024.12.30

Hanwha Breaks Ground on Seoul Station North Redevelopment Project: Seoul, South Korea – Hanwha Corporation, one of South Korea’s leading conglomerates, and Seoul Station North Redevelop ...; KO YONG-CHUL Reporter 2024.12.30

South Korea Pledges to Build World-Class New Airport: Busan, South Korea – The South Korean government and local governments of Busan, Ulsan, and Gyeongnam have joined forces to ...; KO YONG-CHUL Reporter 2024.12.30

Hyundai Engineering & Construction Pioneers Noise-Free Apartment Living with Industry-Leading Technology: Seoul, South Korea – Hyundai Engineering & Construction (H&E) has announced its groundbreaking achievement in the fi ...; ONLINE TEAM 2024.12.30

South Korea's Job Market Shows Mixed Signals in November: Seoul, South Korea – December 30, 2024 – South Korea's job market exhibited a complex picture in November, marked by b ...; ONLINE TEAM 2024.12.30

35 Vehicles Vying for South Korea's 'Car of the Year' Title: Seoul, South Korea – A diverse range of 35 vehicles, including electric vehicles, hybrids, and traditional internal combusti ...; Desk 2024.12.30

Hyundai Ioniq 5 Sets New Guinness World Record with Epic Indian Road Trip: Hyundai Motor Company has announced that its all-electric Ioniq 5 has set a new Guinness World Record for the greatest altitude ch ...; Eugenio Rodolfo Sanabria Reporter 2024.12.30