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's Hydropower Emerges as Key Driver for Hive's Bitcoin Mining Expansion: Global cryptocurrency firm Hive Digital Technologies re-evaluates US strategy amid heightened geopolitical tensions… Focusi ...; Pedro Espinola Special Correspondent 2025.05.09

New Brazil-Paraguay Bridge Emerges as Key to Trans-Atlantic-Pacific Trade Route: Paraná, Brazil-Paraguay Border – A large new bridge connecting Brazil and Paraguay is nearing completion, forming a c ...; Greace Nunez Correspondent 2025.05.09

ATIS Group Expands Paraguayan Telecommunications Infrastructure… Acquires Approximately 300 Telecommunications Towers from Millicom: BUENOS AIRES, Argentina – ATIS Group (“ATIS”), a leading digital infrastructure provider in Latin America, today ...; Global Economic Times Reporter 2025.05.09

Argentina Dreams of Becoming a New Global Star in the Copper Industry: A Report from the San Juan Mine Development Site: A helicopter powerfully ascends towards the peaks of the Andes Mountains in South America. The experienced pilot flies as close as ...; Eugenio Rodolfo Sanabria Reporter 2025.05.09

Argentina's Salta Province Pre-Awards $145 Million Road Construction Contract, Expected to Boost Local Economy: The government of Salta Province in northwestern Argentina has announced the pre-award of a $145 million (approximately 195 billio ...; KO YONG-CHUL Reporter 2025.05.09

Cannes Film Market Selects Brazil as 'Country of Honor': Minister of Culture to Attend, Focus on Co-Production and Investment Discussions: CANNES – The Marché du Film, the world's largest film industry marketplace held alongside the 78th Cannes Film Festiv ...; Desk 2025.05.09

Brazil Raises Coffee Production Forecast, Expecting Record High Despite "Low Production" Year: According to the latest report released by Brazil's National Supply Company (Conab), an agency under the Ministry of Agriculture, ...; Desk 2025.05.09

Gyeongnam Culture & Arts Foundation to Support Local Game Companies' Global Expansion: The Gyeongsangnam-do Province and the Gyeongnam Culture & Arts Foundation (President Kim Jong-bu) are accepting applications u ...; Hwang Sujin Reporter 2025.05.08

Gyeongsangnam-do Province Fully Committed to Normal Opening of Gadeokdo New Airport by 2029: Gyeongsangnam-do Province (Governor Park Wan-soo) announced on the 8th that the normal opening of the Gadeokdo New Airport by 2029 ...; ONLINE TEAM 2025.05.08

Gyeongsangnam-do to Develop Southern Coastline into a 'Marine Leisure Hub': Gyeongsangnam-do Province is set to actively promote the marine leisure tourism industry following the transfer of authority for t ...; KO YONG-CHUL Reporter 2025.05.08

Shanghai Set to Unveil China's Inaugural and World's Largest Legoland on July 5th: Shanghai, China – The highly anticipated Shanghai Legoland, marking the first foray of the iconic brick-based entertainment ...; Global Economic Times Reporter 2025.05.08

KB Financial Group Champions Korean Innovation, Facilitates Singaporean Foothold for 15 Promising Startups: Seoul, South Korea – KB Financial Group, a leading South Korean financial conglomerate, is significantly bolstering the glob ...; Hwang Sujin Reporter 2025.05.08

Mongolia Unveils Ambitious Tourism Strategy: Aiming for 2 Million Visitors and 10% GDP Contribution by 2030: Ulaanbaatar, Mongolia – Riding a wave of increasing international interest, Mongolia has announced a bold and comprehensive ...; Hwang Sujin Reporter 2025.05.08

Brazil's Central Bank Hikes Key Rate to 19-Year High Amid Persistent Inflation Concerns: Brasília, Brazil – In a resolute move to combat persistent inflationary pressures, the Central Bank of Brazil's Monet ...; Ana Fernanda Reporter 2025.05.08

China Pivots to Australia and India for Livestock Feed as Trade Spat with Canada Escalates: Beijing – China is actively forging new trade partnerships with Australia and India to secure alternative sources for crucia ...; Eugenio Rodolfo Sanabria Reporter 2025.05.08

South Korean Shipbuilding Giants HD Hyundai Heavy Industries and Hanwha Ocean Forge Alliance for Canada's Multi-Billion Dollar Submarine Overhaul: Seoul, South Korea – In a significant move signaling a powerful alliance in the global defense sector, South Korean shipbuil ...; Desk 2025.05.08

China's Booming Bioreagent Market Driven by Rapid Life Science Advancements: The burgeoning field of life sciences in China is acting as a significant catalyst for the nation's bioreagent market, a sector vi ...; Pedro Espinola Special Correspondent 2025.05.08

Korean Pet Industry Eyes Booming Italian Market with Debut at ZOOMARK 2025: BOLOGNA, ITALY – Ten South Korean pet industry companies are making a concerted push into the burgeoning Italian pet market, ...; Hwang Sujin Reporter 2025.05.08

Samsung Heavy Industries Unveils Advanced Deepwater FLNG Solution, Garners Key Certifications to Spearhead Offshore Gas Development: Samsung Heavy Industries (SHI), a global leader in shipbuilding and offshore engineering, has announced a significant breakthrough ...; Greace Nunez Correspondent 2025.05.08

Hyundai Bets on Humanoid Robotics to Revolutionize US Auto Manufacturing at Georgia Megafactory: Seoul, South Korea – Hyundai Motor Group is making a bold leap into the future of automotive manufacturing with the planned ...; KO YONG-CHUL Reporter 2025.05.07