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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Paraguay-Argentina Actively Discuss Gas Pipeline Project Targeting Brazil Supply: BUENOS AIRES & ASUNCIÓN – On June 3, Paraguay and Argentina formally began discussions on the Bioceanic Gas Pipel ...; ONLINE TEAM 2025.06.04

Turning Point in Eradicating Illegal Gambling: DNIT Secures Authority to Raid Slot Machines: ASUNCIÓN, PARAGUAY – The Paraguayan National Directorate of Tax Revenue (DNIT) has reached a new turning point in gam ...; KO YONG-CHUL Reporter 2025.06.04

AirAsia MOVE Explains Airfare Display Error: "Third-Party Data Synchronization Issue": MANILA, Philippines – AirAsia MOVE, an online travel agency (OTA), has issued an official statement regarding recent discrep ...; ONLINE TEAM 2025.06.03

Singapore Sets June 30 Deadline for Digital Token Service Providers to Cease Overseas Customer Services: Singapore, Republic of Korea – Singapore is tightening its grip on unlicensed Digital Token Service Providers (DTSPs). The M ...; Pedro Espinola Special Correspondent 2025.06.03

CIMB Singapore and Wing Bank Forge Strategic Partnership to Enhance Financial Services Between Singapore and Cambodia: Singapore and Phnom Penh, Cambodia – CIMB Singapore and Wing Bank (Cambodia) Plc have signed a Memorandum of Understanding ( ...; Ana Fernanda Reporter 2025.06.03

Equinix Singapore SG1 Data Center Suffers Outage During Maintenance, Disrupting Services for Singtel, StarHub, and Others: Singapore – On May 31, a major outage occurred at global data center company Equinix's SG1 data center in Singapore, causing ...; Global Economic Times Reporter 2025.06.03

Singapore-France Strengthen Advanced Technology Cooperation, Elevate to Comprehensive Strategic Partnership: SINGAPORE – In commemoration of their 60th diplomatic anniversary, Singapore and France have elevated their diplomatic relat ...; Eugenio Rodolfo Sanabria Reporter 2025.06.03

Samsung Electronics Accelerates U.S. Foundry Market Push by Recruiting Key TSMC Talent: SEOUL, South Korea – Samsung Electronics' Device Solutions (DS) Division is stepping up its efforts to penetrate the U.S. fo ...; Desk 2025.06.03

South Korean Public Finance Faces Crisis Over Investment in Mozambique Gas Field…Civil Society Files Injunction Application, Calling it "Ecological Genocide Promoting Climate Crisis": Plans for investment by the Export-Import Bank of Korea and the Korea Trade Insurance Corporation in an offshore gas field develop ...; Global Economic Times Reporter 2025.06.02

Japan's Leading Shipbuilder Tsuneishi Explores Re-entry into Paraguay: Paraguayan Government Delegation Meets Tsuneishi Executives During Asia Tour: A Paraguayan government delegation recently met with executives from Tsuneishi, a leading Japanese shipyard, as part of their Asia ...; Yim Kwangsoo Correspondent 2025.06.01

Paraguay Seeks New Horizon for Industrial Financing Through MIC-AFD-BID Collaboration: ASUNCIÓN – Paraguay's Ministry of Industry and Commerce (MIC), the Agence Française de Développement (A ...; Greace Nunez Correspondent 2025.06.01

2025 SMM South American Lithium Resource Field Trip - Fourth Stop: Tibet Summit Resources and Argentina Lithium & Potash: On May 31, 2025, the Shanghai Metals Market (SMM) visited Argentina Lithium & Potash Co., Ltd., effectively controlled by Tibe ...; Desk 2025.06.01

Vietnam Airlines Expands European Network with Direct Ho Chi Minh City-Copenhagen Route: Copenhagen, Denmark – Vietnam Airlines, the flag carrier of Vietnam, is set to significantly enhance its European footprint ...; Desk 2025.06.01

South Korea's Exports Decline Amidst US Tariff Shocks, Despite Semiconductor Boom: South Korea's exports experienced a downturn in May, registering a 1.3% year-on-year decrease to $57.27 billion, marking the first ...; KO YONG-CHUL Reporter 2025.06.01

Hanwha Defense Australia Appoints Ben Hudson as New Managing Director: Melbourne, Australia – Hanwha Defense Australia (HDA) has announced the official appointment of Ben Hudson as its new Managi ...; KO YONG-CHUL Reporter 2025.06.01

Australia Condemns Trump's Proposed 50% Steel Tariff, Calls It "Not the Act of a Friend": CANBERRA, Australia – Australia has strongly condemned President Donald Trump's recent announcement to potentially double ta ...; Ana Fernanda Reporter 2025.06.01

India's $10 Billion Shipbuilding Ambition Sparks Hope for South Korean Shipbuilders: SEOUL, South Korea – The South Korean shipbuilding industry is witnessing a surge of optimism as India unveils an ambitious ...; Ana Fernanda Reporter 2025.06.01

South Korea Surpasses Pre-Pandemic Tourist Levels in April, Driven by Diverse Inflows: Seoul, South Korea – South Korea's tourism sector is experiencing a robust recovery, with the number of foreign visitors in ...; Desk 2025.05.31

Hyundai E&C Withdraws from Gadeokdo New Airport Land Reclamation Project, Citing Unrealistic Deadline: SEOUL, South Korea – Hyundai Engineering & Construction (Hyundai E&C) announced on May 30 that it will not participa ...; Hwang Sujin Reporter 2025.05.31

Northern Gyeonggi's Gyooe Line Begins Facility Upgrade Design, Set for Completion by End of Next Year: SEOUL, South Korea – The National Rail Authority (Korea National Railway, KNR) Seoul Metropolitan Regional Headquarters anno ...; KO YONG-CHUL Reporter 2025.05.31