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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Local Startup PhilSang Secures Significant Funding to Revolutionize Mobile Security: Daejeon, South Korea – PhilSang, a leading startup specializing in AI-powered cybersecurity solutions, has secured significa ...; HONG MOON HWA Senior Reporter 2024.12.16

GS Construction to Launch Prestigious 'Asan Tangjung Zay First City': Asan, South Korea – GS Construction, a leading South Korean construction company, is set to launch the highly anticipated "A ...; HONG MOON HWA Senior Reporter 2024.12.16

Cheonan City Ushers in a New Era of Smart Agriculture: Cheonan, South Korea – [Date] – Cheonan City has made a significant stride towards modernizing its agricultural sector ...; HONG MOON HWA Senior Reporter 2024.12.16

Seoul and Gyeonggi Villa Rental Market: Monthly Rents Surge Amidst Jeonse Fraud Concerns: Seoul, South Korea – The South Korean villa rental market is undergoing a dramatic transformation as more tenants opt for mo ...; Hwang Sujin Reporter 2024.12.16

Seoul and Gyeonggi Villa Rental Market Shifts to Monthly Rent as Jeonse Fraud Concerns Rise: Seoul, South Korea – The proportion of monthly rent contracts in Seoul and Gyeonggi-do's villa rental market has surpassed 5 ...; Hwang Sujin Reporter 2024.12.16

Upbit Leads in Corporate Social Responsibility Among South Korean Cryptocurrency Exchanges: Seoul, South Korea – A recent study conducted by Data n Research has revealed that Upbit, operated by Dunamu, is leading the ...; ONLINE TEAM 2024.12.16

SAS to Temporarily Halt Production Amidst Market Slump: Hsinchu, Taiwan – Sino-American Silicon Products Inc. (SAS) announced plans to temporarily suspend production at its Yilan C ...; Hwang Sujin Reporter 2024.12.15

New Mineral Deposits Discovered in Kazakhstan: Astana, Kazakhstan – Kazakhstan has made significant strides in its geological exploration efforts, leading to the discovery ...; Yim Kwangsoo Correspondent 2024.12.14

Four Seasons to Debut in Puerto Rico, Transforming Bahía Beach Resort: Río Grande, Puerto Rico – Four Seasons Hotels and Resorts, in partnership with Paulson Puerto Rico, announced today a ...; Eugenio Rodolfo Sanabria Reporter 2024.12.14

Egypt’s steel industry giant EZZ Steel to delist its shares from EGX: The delisting process is contingent upon approval from the EGA, with the company's chairman authorized to call the meeting to vote ...; Global Economic Times Reporter 2024.12.13

Bosch to Cut up to 10,000 Jobs in Germany: Stuttgart, Germany – German automotive supplier Bosch is set to reduce its workforce in Germany by up to 10,000 jobs, accord ...; Pedro Espinola Special Correspondent 2024.12.12

GM Pulls the Plug on Cruise Robotaxi Investment, Leaving Waymo and Tesla in Pole Position: Detroit – General Motors (GM) has announced a major shift in its autonomous vehicle strategy, halting further investment in ...; Hannah Yeh Reporter 2024.12.12

Korean Air Completes Asiana Airlines Acquisition, Creating Global Aviation Giant: Seoul — Korean Air has officially acquired Asiana Airlines, culminating a four-year merger process and reshaping the South K ...; Hwang Sujin Reporter 2024.12.12

Daejeon Begins Construction on Long-Awaited Subway Line 2 Tram: Daejeon, South Korea – After nearly three decades of planning, Daejeon has finally broken ground on its much-anticipated Sub ...; HONG MOON HWA Senior Reporter 2024.12.12

BMW’s Debrecen Plant: Construction on Track, Series Production Imminent: Debrecen, Hungary – BMW’s new plant in Debrecen, Hungary, is progressing according to plan, with series production sch ...; Graciela Maria Reporter 2024.12.11

Puerto Rico Tourism Sees Record Spending in 2023-2024: San Juan, Puerto Rico – Visitors to Puerto Rico spent over $2 billion during the 2023-2024 fiscal year, according to the lat ...; Eugenio Rodolfo Sanabria Reporter 2024.12.11

Avon Products to Make a Comeback in Puerto Rico: San Juan, Puerto Rico – Avon products are set to make a triumphant return to the Puerto Rican market, announced Luis Garrat& ...; Graciela Maria Reporter 2024.12.11

Busan Port to Become a Global Shipping Hub with $14 Billion Investment: Busan, South Korea – The South Korean government has unveiled a comprehensive plan to transform Busan Port into one of the w ...; ONLINE TEAM 2024.12.11

SK Chemicals and Hyundai-Kia Partner to Revolutionize Automotive Recycling: Seoul, South Korea – SK Chemicals, a leading South Korean chemical company, announced today that it has successfully integra ...; Desk 2024.12.11

GTX-A North Section to Open, Dramatically Cutting Travel Time: Seoul, South Korea – The Ministry of Land, Infrastructure and Transport announced that the northern section of the GTX-A exp ...; KO YONG-CHUL Reporter 2024.12.11