Industry - Global Economic Times

2026.11.11 (Wed)
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Hyundai Motor Deepens Tech Alliances with Samsung and Nvidia to Pioneer the Physical AI Era

SEOUL — South Korea’s industrial landscape is witnessing a profound transformation as traditional manufacturing giants forge tight-knit technology alliances. Building upon high-profile lea
Gimhae Airport Smashes 10 Million International Passenger Milestone Ahead of Schedule

BUSAN — Gimhae International Airport has reached a historic milestone, with total passenger traffic surpassing 15 million and international travelers exceeding 10 million between January and Oct

Rising Demand for Japan Routes Sparks Debate Over Busan-Haneda Regular Flights

SEOUL — South Korea's aviation sector continues to ride a wave of robust travel demand to Japan, with passenger volume outpacing flight capacity expansions and repeatedly setting historic re

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Samsung Electronics and SK Hynix's Q1 Performance to Be Determined by HBM Business: SEOUL – The first quarter (Q1) performance of Samsung Electronics and SK Hynix is expected to be uneven, depending on their ...; Global Economic Times Reporter 2025.02.07

First Exploration Drilling for 'Great Whale' Gas Field Deemed Unprofitable: Sejong, South Korea – The first exploration drilling for the 'Great Whale' gas field, which began on December 20th of last y ...; HONG MOON HWA Senior Reporter 2025.02.07

Sam Altman, CEO of OpenAI, Visits India and Expresses Willingness to Cooperate in Developing Low-Cost AI Systems: Sam Altman, CEO of OpenAI, visited India on the 5th (local time) after visiting Japan and South Korea to consolidate leadership in ...; Eugenio Rodolfo Sanabria Reporter 2025.02.06

Tesla's Shares Plummet Amidst Declining Sales and Market Share: New York, NY – Tesla Inc. saw its shares tumble by over 3% on Tuesday as reports emerged of significant declines in the elec ...; PETER KO 2025.02.06

South Korea to Establish Massive Fund for Advanced Industries: Seoul – The South Korean government has announced plans to create a multi-billion dollar fund to support the development of ...; KO YONG-CHUL Reporter 2025.02.06

Petroperú Expands Natural Gas Service to Industrial Park in Arequipa: AREQUIPA, Peru – Petróleos del Perú (Petroperú) has announced a significant step in its effort to bring ...; Pedro Espinola Special Correspondent 2025.02.05

Tanzanian MPs Call for Aircraft Ownership Transfer to Bolster National Airline: DODOMA – Members of Parliament in Tanzania have urged the government to transfer ownership of aircraft operated by Air Tanza ...; Hee Chan Kim Reporter 2025.02.05

Seoul's Most Expensive Apartments Remain in 'Land Transaction Permit Zones': Seoul - An analysis of apartment sales prices in Seoul over the past decade has revealed that the most expensive areas remain conc ...; Hwang Sujin Reporter 2025.02.04

Japan's Machinery Orders Surge, Signaling Robust Investment: Japan's November machinery orders have defied expectations, posting a robust 3.4% month-on-month increase, according to the Cabine ...; Graciela Maria Reporter 2025.02.04

Honda's Electric Gamble in India: A Smart Bet on Two Wheels?: Honda Motor Co.'s recent announcement of a dedicated electric motorcycle plant in Bengaluru, India, signals a significant strategi ...; Graciela Maria Reporter 2025.02.04

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