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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Paraguay Tightens Regulations on Biofuel Industry to Combat Illicit Activities: Asunción, Paraguay – The Paraguayan Congress has passed a new law aimed at cracking down on illegal activities within ...; KO YONG-CHUL Reporter 2024.11.20

Hyundai Unveils High-Performance Avante N TCR Edition, Bringing Race Track Technology to the Streets: Seoul, South Korea – Hyundai Motor has unveiled the highly anticipated Avante N TCR Edition, a limited-edition model that br ...; Desk 2024.11.18

South Korea's Housing Market Shows Mixed Signals in October: Seoul, South Korea – The Korean Real Estate Board's latest housing price index for October reveals a mixed bag of results. W ...; KO YONG-CHUL Reporter 2024.11.18

Sejong City Hosts Expo to Tackle Soaring Commercial Vacancy Rates: Sejong City, South Korea – In a bid to address its skyrocketing commercial vacancy rates, Sejong City is hosting a two-day e ...; Desk 2024.11.18

South Korea's Housing Guarantee Corporation Faces Mounting Losses Amidst Soaring Rent Deposit Defaults: Seoul, South Korea – The Housing & Urban Guarantee Corporation (HUG) is facing a mounting financial crisis as the number ...; Hwang Sujin Reporter 2024.11.18

Samsung Unveils Bespoke AI Combo at IFA 2024, Revolutionizing Laundry Experience: Berlin, Germany – Samsung Electronics, a global leader in consumer electronics, has introduced its innovative Bespoke AI Com ...; Ana Fernanda Reporter 2024.11.18

Cement Industry Faces Slump Amidst Construction Downturn: Seoul, South Korea – Despite entering the peak season for cement demand, major South Korean cement manufacturers are scaling ...; KO YONG-CHUL Reporter 2024.11.18

South Korea's Top 10 Construction Firms Face $14 Billion in Uncollected Payments: Seoul, South Korea – South Korea's ten largest construction companies are collectively grappling with a significant amount o ...; KO YONG-CHUL Reporter 2024.11.17

Kia Unveils EV3 Study Car, A Sustainable Experiment in Automotive Design: Seoul, South Korea – Kia Corporation, a leading global automaker, has unveiled its EV3 Study Car, an eco-friendly experiment ...; Graciela Maria Reporter 2024.11.17

Egypt Revives State-Owned Carmaker El-Nasr: Egyptian Prime Minister Mostafa Madbouly has stated that the revival of the decades-old state-owned carmaker, El-Nasr, showcases t ...; Graciela Maria Reporter 2024.11.17

Renault Korea's Grand Koleos Captures 30% of Mid-size Hybrid SUV Market in South Korea: Seoul, South Korea – Renault Korea's Grand Koleos has made a significant impact on the South Korean mid-size hybrid SUV mark ...; Eugenio Rodolfo Sanabria Reporter 2024.11.16

South Korea Sees Decline in Female Executives in Public Institutions: Seoul, South Korea – A recent study by the Leaders Index has revealed a concerning decline in the number of female executive ...; Hwang Sujin Reporter 2024.11.16

South Korean Food Companies Show Mixed Results in Q3: Seoul, South Korea – South Korea's food industry has reported mixed results for the third quarter of this year. While compan ...; Hwang Sujin Reporter 2024.11.16

Louis Vuitton's Construction Site Steals the Show in NYC: New York City – While Louis Vuitton has recently opened a temporary flagship store on Manhattan's 57th Street, it's the cons ...; Eugenio Rodolfo Sanabria Reporter 2024.11.16

Grip Surpasses 10 Million Downloads, Revolutionizing Live Commerce in South Korea: Seoul, South Korea - Grip, South Korea's pioneering live commerce platform, has announced that it has surpassed 10 million downloa ...; Desk 2024.11.16

Samduk Corporation Rises from the Ashes of Kaesong Industrial Complex: Seoul, South Korea – Samduk Corporation, a South Korean footwear manufacturer, has made a remarkable recovery after losing i ...; KO YONG-CHUL Reporter 2024.11.16

Harim's First Kitchen: A Seamless Journey from Farm to Table: Iksan, South Korea – Harim, a leading food company in South Korea, has unveiled its state-of-the-art “First Kitchen&rd ...; Hwang Sujin Reporter 2024.11.16

South Korea's Property Tax Burden to Rise Amidst Government Policy Changes: Seoul, South Korea – The South Korean government's decision to adjust property assessment values based solely on market fluc ...; Hwang Sujin Reporter 2024.11.16

Korea to Cultivate Halal Tourism Experts Amid Growing Muslim Visitor Market: SEOUL, South Korea – The Korea Halal Industry Research Institute (KIHI) is launching a halal tourism evaluator training prog ...; LEE YEON SIL Reporter 2024.11.15

LG Chem Tops Online Interest Among South Korea's Petrochemical Companies: Seoul, South Korea – A recent data analysis by Data & Research has revealed that LG Chem garnered the most online attent ...; Desk 2024.11.15