Global Economic Times

2026.06.28 (Sun)
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Kia’s Strategic Pivot: Accelerating Electrification Through SDV, PBV, and EREV Innovation

At the 2026 Busan Mobility Show held on June 26, Kia Corporation unveiled a comprehensive future mobility strategy centered on three core pillars: Software-Defined Vehicles (SDV), Purpose-Built Vehicl
Hyundai Motor Prioritizes "Customer Experience" Over Pricing: Aiming for Lifelong Loyalty with the New Avante

BUSAN, South Korea — At the 2026 Busan Mobility Show held at BEXCO on June 26, José Muñoz, President and CEO of Hyundai Motor Company, unveiled a bold vision for the future of the

Incheon Port Authority Overhauls Incentive Program to Boost Cargo Throughput

The Incheon Port Authority (IPA) has announced a significant restructuring of its long-standing incentive program, aiming to reinvigorate cargo traffic and solidify the port’s position as a prem

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Indonesian Ministry of Transportation Denies Receiving Permit Applications from 'Indonesia Airlines': JAKARTA – The Indonesian Ministry of Transportation has issued a statement clarifying that it has not received any applicati ...; Hee Chan Kim Reporter 2025.03.25

Qatar Invests Billions in Indonesia's Affordable Housing, Facing Cultural and Logistical Hurdles: JAKARTA – In a landmark move to address Indonesia's burgeoning housing crisis, Qatar has pledged to invest between $16 billi ...; Ana Fernanda Reporter 2025.03.25

Airport Dimensions Expands into Indonesia with Blue Sky Group Partnership: MAKASSAR, INDONESIA – Airport Dimensions, a global leader in airport experiences, has announced a significant expansion into ...; Eugenio Rodolfo Sanabria Reporter 2025.03.25

Indonesia's LNG Push Sparks Surge in Small-Scale Carrier Demand: JAKARTA – Indonesia's ambitious $1.5 billion initiative to replace diesel with liquefied natural gas (LNG) in its power sect ...; Eugenio Rodolfo Sanabria Reporter 2025.03.25

Hyundai Steel to Build $5.8 Billion Electric Arc Furnace Steel Mill in Louisiana, US: Hyundai Steel announced on March 25th its plan to establish a 2.7 million-ton electric arc furnace (EAF) steel mill in Louisiana, ...; KO YONG-CHUL Reporter 2025.03.25

South Korea's Middle-Aged Workforce Hits Crisis Point as Employment Plummets: Seoul, South Korea - South Korea's economic stability is under threat as employment figures for individuals in their 40s and 50s, ...; ONLINE TEAM 2025.03.25

Songdo Landmark City to Break Ground Next Year: The Incheon Free Economic Zone Authority announced on the 24th that the revised development plan for the 'Songdo Landmark City' pr ...; KO YONG-CHUL Reporter 2025.03.25

Kakao Entertainment Fined 390 Million Won for 8 Years of Covert Online Advertising: The Fair Trade Commission (FTC) has imposed a fine of 390 million won on Kakao Entertainment, South Korea's leading music distribu ...; Desk 2025.03.25

Cement Industry in Crisis: Shipments Plunge to 1980s Levels Amid Construction Slump: SEOUL - South Korea's cement industry is grappling with a severe downturn, as shipment figures have plummeted since the beginning ...; ONLINE TEAM 2025.03.25

Hyundai Motor Group Announces $21 Billion Investment in the U.S. by 2028: Hyundai Motor Group Chairman Euisun Chung, accompanied by President Trump, announced on the 24th (local time) at the White House t ...; KO YONG-CHUL Reporter 2025.03.25

LX Corporation to Modernize Mongolia's Address Information System: SEOUL, South Korea - The Korea Land and Geospatial Informatix Corporation (LX Corporation), under the leadership of CEO Eom Myeong ...; Global Economic Times Reporter 2025.03.25

Jeonbuk NAQS Intensifies Crackdown on Origin Labeling in Government Restaurants: JEONJU, South Korea – The Jeonbuk branch of the National Agricultural Products Quality Management Service (NAQS) has launche ...; Yim Kwangsoo Correspondent 2025.03.25

Jeonbuk Economic Promotion Agency (JEPA) Drives Global E-commerce Growth for Local SMEs with New Support Program: JEONJU, South Korea – In a strategic move to amplify the international presence of regional businesses, the Jeonbuk Economic ...; Yim Kwangsoo Correspondent 2025.03.25

2025 Gyeongnam Tourism Expo: Showcasing the Beautiful Four Seasons and Abundant Attractions of Gyeongnam: The '2025 Gyeongnam Tourism Expo' recently concluded its successful three-day run from March 20th to 22nd at the Changwon Conventi ...; ONLINE TEAM 2025.03.25

Jeju Fishermen Suffer Heavy Losses as Hairtail Catch Plummets Off Taiwan Coast: JEJU ISLAND – Fishermen from Jeju Island are facing severe financial hardships as hairtail catches have drastically declined ...; Yim Kwangsoo Correspondent 2025.03.25

Plummeting Prices and Shipment Delays Plague Jeju Mandarin Growers, NH Launches Consumption Promotion Events: Jeju mandarin growers are facing significant difficulties this year due to a sharp drop in prices and shipment delays. In particul ...; Min Gyu Mi Reporter 2025.03.25

SK Broadband to Build New Trans-Pacific Subsea Cable, 'E2A': SK Broadband has announced plans to construct a new international subsea cable, named 'E2A' (East Asia To North America), connecti ...; Desk 2025.03.24

Home Shopping Giants Battle for Delivery Supremacy with 7-Day Services: The Korean home shopping landscape is undergoing a rapid transformation, with '7-day delivery' services becoming the new battlegro ...; Hwang Sujin Reporter 2025.03.24

Paraguay Pursues Joining TIR System to Boost International Trade: Expected to Overcome Limited Maritime Accessibility and Enhance Export Competitiveness: Paraguay is considering joining the UN-supported International Road Transport (TIR) system as a strategic move to improve internat ...; KO YONG-CHUL Reporter 2025.03.24

Paraguay's Maquila Industry Drives Economic Vitality with Growth in Employment and Exports: Early 2025 Sees Paraguay's Maquila Industry Exports Grow by 23%, Reaching $197 Million Paraguay's maquila industry (assembly and ...; Yim Kwangsoo Correspondent 2025.03.24