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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South Korea's Joint Housing Official Prices Rise 3.65%... Seoul's Increase More Than Double the National Average: This year, the average official price of joint housing has risen by 3.65% compared to last year. Although the apartment official p ...; Desk 2025.03.13

Doosan Enerbility Secures $1.65 Billion Contract for Saudi Arabian Gas-Fired Power Plants: Seoul, South Korea – March 13, 2025 – Doosan Enerbility has announced the signing of a significant contract valued at ...; KO YONG-CHUL Reporter 2025.03.13

South Korea Vows Swift Action on Housing Market Surge, Threatens Reinstatement of Land Transaction Permit Zones: Seoul, South Korea – In a concerted effort to stabilize the housing market, the South Korean government and the Seoul Metrop ...; ONLINE TEAM 2025.03.13

Ignitis Group Expands Green Energy Portfolio with Landmark Hybrid Power Plant Acquisition in Lithuania: VILNIUS – Ignitis Group, a leading international energy company, has announced a significant expansion of its renewable ener ...; Eugenio Rodolfo Sanabria Reporter 2025.03.13

Libya Development Fund Awards Major University Reconstruction Contract to Turkish Firm: AL-BEIDA, Libya – The Libya Development and Reconstruction Fund (LDRF), under the direction of Director General Belgassem Kh ...; Pedro Espinola Special Correspondent 2025.03.13

Libya Launches 2025 Bidding Round for 22 Oil and Gas Exploration Areas: Launched on March 3, 2025, the bid round includes 22 exploration areas, covering major oil and gas basins which the Libyan player ...; Pedro Espinola Special Correspondent 2025.03.13

Kuwait Oil Sector Poised for Profit Surge Amid OPEC+ Production Increase: KUWAIT CITY – Kuwait's oil sector is anticipating a significant rebound in profits for the 2025/2026 fiscal year, according ...; KO YONG-CHUL Reporter 2025.03.13

Kenya's Forests Under Siege: Logging Resumes Amidst Development Plans and Climate Concerns: Nairobi, Kenya – The Kenyan government's decision to lift a six-year moratorium on logging in public and community forests i ...; KO YONG-CHUL Reporter 2025.03.13

Telkom Kenya Partners with Rakuten Symphony and Airspan Networks to Pioneer Open RAN in Africa: Nairobi, Kenya – "Telkom Kenya has partnered with mobile equipment vendors Rakuten Symphony, a leading service-based technol ...; Hee Chan Kim Reporter 2025.03.13

OLA Energy Kenya Announces Major Restructuring to Drive Growth and Profitability: Nairobi, Kenya – OLA Energy has unveiled a comprehensive strategic business restructuring plan aimed at significantly boosti ...; Hee Chan Kim Reporter 2025.03.13

Paraguayan Products Gain Global Recognition at Foodex Japan 2025: Paraguayan products are making significant strides in the global market, showcased at international events like the prestigious Fo ...; Graciela Maria Reporter 2025.03.13

Singapore Launches Ambitious National Space Strategy, Paving Way for Enhanced Global Collaboration: SINGAPORE – Singapore has officially unveiled its inaugural National Space Strategy, marking a significant milestone in its ...; Global Economic Times Reporter 2025.03.13

2027 Nonsan World Strawberry Industry Expo Advances in International Event Review: The '2027 Nonsan World Strawberry Industry Expo' has successfully passed a critical milestone towards its successful hosting. Nons ...; KO YONG-CHUL Reporter 2025.03.13

South Korea, KAI Shoulder Burden as Indonesia's KF-21 Contribution Dwindles: SEOUL – The intricate partnership between South Korea and Indonesia in the development of the KF-21 Boramae fighter jet has ...; KO YONG-CHUL Reporter 2025.03.12

Air India Flight Forced to Return to Chicago After Toilets Clogged with Unusual Objects: Chicago, IL – An Air India flight bound for New Delhi was compelled to make an unscheduled return to Chicago's O'Hare Intern ...; Ana Fernanda Reporter 2025.03.12

Chungnam Province Pushes Forward with Jicheon Dam Project, Emphasizing Regional Development and Support: Chungnam Province has reiterated its firm stance on proceeding with the Jicheon Dam construction, positioning it as a pivotal proj ...; HONG MOON HWA Senior Reporter 2025.03.12

South Korea Aims for Top 5 Global Bio Powerhouse: Focus on Innovative Drug Development: Daejeon, South Korea – South Korea is intensifying its efforts to secure a position among the world's top five bio powerhous ...; HONG MOON HWA Senior Reporter 2025.03.12

Daejeon City Recruits 20 'Safety and Health Guardians' to Enhance Industrial Accident Prevention: Daejeon, South Korea – Daejeon City is actively recruiting 20 'Safety and Health Guardians' to bolster its efforts in preven ...; HONG MOON HWA Senior Reporter 2025.03.12

Daejeon Pioneers Nationwide with Medical Drone Delivery and 3D Traffic Control: Daejeon, South Korea – Daejeon is solidifying its position as a leading city in drone innovation, having been selected for t ...; HONG MOON HWA Senior Reporter 2025.03.12

Paraguay Shifts Energy Policy, Accelerating Integration of Solar and Diverse Renewables: Asunción, Paraguay – Paraguay is undergoing a significant energy policy shift, moving away from its traditional relia ...; Pedro Espinola Special Correspondent 2025.03.11