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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Korean Air Wins Multiple Awards at 2024 Global Traveler Tested Reader Survey Awards: Seoul, South Korea – Korean Air has been recognized for its exceptional service and amenities in the 2024 Global Traveler Te ...; Hwang Sujin Reporter 2024.12.11

Kumho Construction Rides High on Successful New Residential Brand and Plant Projects: Seoul, South Korea – Kumho Construction is experiencing a significant upswing, driven by the consecutive sellouts of its new ...; Desk 2024.12.09

Saudi Aramco Boosts Power Efficiency with COPA-DATA's zenon at Shaybah Field: Riyadh, Saudi Arabia – Saudi Aramco, a global leader in the energy industry, has significantly enhanced the efficiency of it ...; Desk 2024.12.09

WasteEnergySolution Showcases Innovative Plastic Recycling at the 2024 Circular Economy Festival: Seoul, South Korea – WasteEnergySolution, a leading South Korean company specializing in plastic recycling technology, has h ...; Global Economic Times Reporter 2024.12.09

Reclaimed Wheels: A New Spin on Sustainability: Seoul, South Korea – A South Korean company, APM, has unveiled a groundbreaking solution for sustainable automotive manufact ...; Desk 2024.12.09

Boeing Machinists Return to Work, Boosting Local Economies: Renton, WA – After a seven-week strike, Boeing machinists have returned to work, bringing relief to both workers and local b ...; Hannah Yeh Reporter 2024.12.07

Eni to Resume Drilling in Egypt's Zohr Gas Field: Cairo, Egypt – Italian energy giant Eni plans to restart drilling operations in Egypt's Zohr gas field by the end of 2024. T ...; Pedro Espinola Special Correspondent 2024.12.06

BP Accelerates Oil and Gas Production in Egypt: Cairo, Egypt – BP, a global energy giant, is ramping up its operations in Egypt as the country seeks to bolster its energy s ...; Eugenio Rodolfo Sanabria Reporter 2024.12.06

LS Electric Completes Korea's First HVDC Subsea Cable Project: Jeju, South Korea – LS Electric, a leading global power equipment manufacturer, has successfully completed Korea's first hig ...; KO YONG-CHUL Reporter 2024.12.06

Ad Agencies Shift Focus to Experiential Marketing Amidst Traditional Media Slowdown: Seoul, South Korea – As the traditional advertising market, including TV, newspapers, radio, and magazines, continues to slo ...; Desk 2024.12.06

South Korea Tightens Export Controls on Advanced Technologies: Seoul, South Korea – South Korea’s Ministry of Trade, Industry, and Energy announced on Tuesday that it will be expand ...; Hwang Sujin Reporter 2024.12.06

South Korea's Current Account Surplus Continues Amidst Moderating Export Growth: Seoul, South Korea – South Korea's current account posted a surplus for the sixth consecutive month in October, driven by st ...; Hwang Sujin Reporter 2024.12.06

Citrus Prices Soar Amidst Climate Change and Supply Shortages: Seoul, South Korea – The cost of citrus fruits, a staple of Korean winters, has skyrocketed due to a combination of adverse ...; Desk 2024.12.06

Saudi Arabia's NSG Acquires Airbus' UP42 to Boost Geospatial Capabilities: JEDDAH: Saudi Arabia's Neo Space Group (NSG) has made a significant stride towards its Vision 2030 goals by finalizing an agreemen ...; Eugenio Rodolfo Sanabria Reporter 2024.12.05

Pahang's Golden Promise: State Records Significant Gold Production: Kuantan, Pahang: Pahang state, located in Malaysia, has emerged as a significant gold-producing region, with seven active operatio ...; Ana Fernanda Reporter 2024.12.05

China Sets New Solar Power Record Despite Industry Struggles: Yibin, China – China is poised to shatter its annual solar power installation record once again, despite the industry grappl ...; Ana Fernanda Reporter 2024.12.05

Sugarcane Farmers in Nepal Face Unpaid Dues, Low Support Prices: Kathmandu, Nepal – Sugarcane farmers in Nepal are facing a persistent issue of unpaid dues and low support prices, despite g ...; Graciela Maria Reporter 2024.12.05

MG Unveils S5 Electric SUV, Boasting Ultra-Thin Battery and Competitive Range: SHANGHAI – MG Motor has officially launched its newest electric SUV, the MG S5, marking a significant step forward in its el ...; Ana Fernanda Reporter 2024.12.05

OpenAI Teams Up with Anduril to Bolster Drone Defense: San Francisco, CA – OpenAI, a leading artificial intelligence research laboratory, has announced a new partnership with defe ...; KO YONG-CHUL Reporter 2024.12.05

South Korea Unveils Comprehensive Plan to Combat Climate Change Impact on Fisheries: Seoul, South Korea – The South Korean Ministry of Oceans and Fisheries has unveiled a comprehensive plan aimed at mitigating ...; ONLINE TEAM 2024.12.05