Global Economic Times

2026.05.08 (Fri)
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Hyundai Motor Group Bets $700 Million on Mexico Amid Trade Policy Volatility

MEXICO CITY — In a bold move that defies growing geopolitical tension and fluctuating trade policies, Hyundai Motor Group (HMG) is significantly ramping up its investment in Mexico. While other
Kakao Hits Record Q1 Performance: Operating Profit Surges 66% as Focus Shifts to "Agentic AI"

SEOUL — Kakao, the South Korean tech giant behind the country’s ubiquitous messaging app, announced today that it has achieved its highest-ever first-quarter results. Driven by the robust

Honda Halts $15B Canada EV Plant Plans Amid Strategic Pivot to Hybrids

(C) Investopedia TOKYO – Japanese automaker Honda Motor Co. has indefinitely suspended its plans to build an electric vehicle (EV) and battery manufacturing hub in Ontario, Canada, as the compa

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A New Approach to Workplace Safety: Balancing Enforcement and Prevention: The South Korean government, under the strong leadership of President Lee Jae-myung, is considering new and stringent penalties fo ...; Hwang Sujin Reporter 2025.08.20

South Korean Industries Brace for Impact as US Expands Steel Tariffs: Washington, D.C. - The U.S. government has expanded its Section 232 tariffs on imported steel and aluminum products, a move that i ...; Sharon Yoon Correspondent 2025.08.18

"K-wave's Next Chapter: A Global Gold Rush Challenges South Korea's Creative Dominance": LOS ANGELES – The global fanfare for the Netflix film "K-pop Demon Hunters" (often stylized as "Kedeheon" in South Korea) ha ...; Hwang Sujin Reporter 2025.08.16

Gyeongnam Province Rolls Out 'Stay-and-Explore' Packages to Woo Chinese Tourists: CHANGWON, South Korea — Gyeongsangnam-do (Gyeongnam) Province has launched a series of new, immersive tour packages designed ...; Hee Chan Kim Reporter 2025.08.13

US Tariffs on 1kg Gold Bars Shake Global Market: NEW YORK – In a move that has surprised the global gold industry, the U.S. government has begun imposing tariffs on imported ...; Graciela Maria Reporter 2025.08.11

NVIDIA, AMD to Pay 15% of China Revenue for Export License, Report Says: WASHINGTON – In a move described as "unprecedented," tech giants Nvidia and AMD have reportedly struck a deal with the U.S. ...; Eugenio Rodolfo Sanabria Reporter 2025.08.11

Ilhwa Accelerates Southeast Asian Expansion with Vietnamese Market Entry: SEOUL – In a strategic move to solidify its presence in the burgeoning Southeast Asian market, Ilhwa, a prominent South Kore ...; Desk 2025.08.11

Record-Breaking Panama Geisha Coffee Sells for Over $30,000 Per Kilogram at Auction: BOQUETE, PANAMA – Panama's world-renowned Geisha coffee, often hailed as the "God of coffee," has once again captured global ...; Greace Nunez Correspondent 2025.08.11

South Korea's Job Market Hits 26-Year Low Amid Manufacturing Slump: SEJONG – South Korea's job market is experiencing its most significant downturn in a generation, with the number of job open ...; KO YONG-CHUL Reporter 2025.08.11

Apple Announces Additional $100 Billion U.S. Investment, Unveils New Partnership With Samsung: CUPERTINO, CA — In a significant expansion of its domestic manufacturing commitments, Apple announced on August 6 that it wi ...; Ana Fernanda Reporter 2025.08.07

President Trump Announces Sweeping 100% Tariff on Imported Semiconductors: WASHINGTON — In a dramatic move aimed at revitalizing domestic manufacturing, President Donald Trump announced on Wednesday ...; Eugenio Rodolfo Sanabria Reporter 2025.08.07

Paraguay's Development Finance Agency (AFD) Announces Focus on Green and Road Construction Projects: ASUNCIÓN – The Development Finance Agency (AFD) of Paraguay has announced its plan to concentrate investments on gree ...; Yim Kwangsoo Correspondent 2025.08.06

Samsung C&T Enters Buenos Aires Subway Construction Project: Following Saudi Arabia, Samsung C&T's Engineering & Construction Group is accelerating its global business expansion by bi ...; Ana Fernanda Reporter 2025.08.06

Brazil's Coffee Industry Accelerates 'De-Americanization' After US Slaps 50% Tariff Bomb; China Emerges as New 'Savior': Recently, the US imposed a high tariff of 50% on imported Brazilian goods, putting the export front of Brazil, the world's largest ...; Ana Fernanda Reporter 2025.08.06

Philippines-India Tourism Cooperation, Seeking New Opportunities: MANILA – Philippine Tourism Secretary Christina Garcia Frasco accompanied President Ferdinand R. Marcos Jr. on a state visit ...; KO YONG-CHUL Reporter 2025.08.05

Will the Luzon International Container Terminal in Batangas Become the New Heart of the CALABARZON Economy?: A major infrastructure project is underway in the CALABARZON region (Cavite, Laguna, Batangas, Rizal, Quezon), a key economic hub ...; Eugenio Rodolfo Sanabria Reporter 2025.08.05

South Korean Semiconductor and Pharmaceutical Industries Relieved by MFN Treatment in U.S. Tariff Negotiations: The Korean semiconductor and pharmaceutical industries are breathing a collective sigh of relief following an agreement with the U ...; Desk 2025.08.01

American Energy Drink 'Celsius' Products Accidentally Mixed with Vodka... FDA Issues Immediate Disposal Warning: A shocking incident has occurred where certain products of the popular American energy drink brand Celsius were mistakenly mixed w ...; Hwang Sujin Reporter 2025.08.01

South Koreans in Their 20s to 50s Average 2.3 OTT Subscriptions, Driven by Original Content: SEOUL – A recent survey reveals that South Koreans aged 20 to 50 who use Over-the-Top (OTT) streaming services subscribe to ...; Hwang Sujin Reporter 2025.07.30

US Decision to Allow NVIDIA H20 AI Chip Sales to China Ignites Fierce Debate: WASHINGTON D.C. — The Trump administration's decision to permit NVIDIA to resume sales of its H20 artificial intelligence (A ...; Pedro Espinola Special Correspondent 2025.07.30