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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Bean Voyage and Starbucks Foundation Expand Program to Empower Women Coffee Farmers in Costa Rica: Costa Rica – Bean Voyage, in partnership with The Starbucks Foundation, has announced the continuation and expansion of its ...; Yim Kwangsoo Correspondent 2025.03.09

Chile Gradually Reduces Working Hours with Landmark "40-Hour Law": Santiago, Chile – In a significant move towards enhancing workers' quality of life, Chile is progressively implementing Law ...; Desk 2025.03.09

Industrial Fishing Threatens Peru's Protected Marine Reserves: Paracas National Reserve, Peru - Tensions are rising in Peru as industrial fishing fleets encroach on protected marine reserves, t ...; Eugenio Rodolfo Sanabria Reporter 2025.03.09

Vancouver Housing Market Poised to Outperform Toronto Amid Sluggish Start to 2025, TD Economics Reports: Toronto, ON – Canada's two most expensive housing markets have begun 2025 with notable sluggishness, but a recent report fro ...; Graciela Maria Reporter 2025.03.09

Canadian Housing Market Cools Amid Trade War Fears, Harsh Weather: TORONTO – Canada's housing market experienced a sharp downturn in February, as fears surrounding the U.S. trade war and seve ...; Ana Fernanda Reporter 2025.03.09

Daewoong Pharmaceutical Accelerates Latin American Market Penetration with Nabota Launch in Ecuador: Daewoong Pharmaceutical is accelerating its penetration into the Latin American market by launching its botulinum toxin product, N ...; KO YONG-CHUL Reporter 2025.03.08

Uzbek National Purchases Luxury Apartment in Seoul's Banpo for Record $5.6 Million in Cash: A high-profile real estate transaction has recently made headlines in South Korea, as a large luxury apartment in the prestigious ...; ONLINE TEAM 2025.03.08

CNC Planet Accelerates Global Market Penetration with Acquisition of Filflo and Launch of Three Innovative Patch Products: Global cosmetics distribution and consulting company CNC Planet has acquired skincare brand Filflo, strengthening its own brand co ...; Hwang Sujin Reporter 2025.03.08

Tanzania Breaks Ground on Kidunda Dam, Prioritizing Water Security and Environmental Conservation: MOROGORO, Tanzania – Prime Minister Kassim Majaliwa ceremoniously laid the foundation stone for the long-awaited Kidunda Dam ...; Hee Chan Kim Reporter 2025.03.08

Tanzania Boosts Water Management with New Hydrological Monitoring Stations: DODOMA, Tanzania – In a landmark move towards ensuring the sustainable management of its vital water resources, Tanzania has ...; Hee Chan Kim Reporter 2025.03.08

Tanzania's Transportation Tug-of-War: SGR's Speed vs. Buses' Flexibility: DAR ES SALAAM – Tanzania's Standard Gauge Railway (SGR) has undeniably revolutionized long-distance travel, offering a moder ...; Hee Chan Kim Reporter 2025.03.08

Jeju Expands Drone Delivery Services to Remote Islands: Jeju Special Self-Governing Province has been selected for the Ministry of Land, Infrastructure, and Transport's '2025 Drone Demon ...; ONLINE TEAM 2025.03.07

GS Caltex Shifts Focus to Eco-Friendly Energy, Investing Heavily in Bio and Hydrogen: Since its inception in 1967, amidst the burgeoning South Korean industrial landscape, GS Caltex has risen to become a national ene ...; Desk 2025.03.07

Thousands Flock to Apply for Incheon's "Thousand-Won Housing" Project: INCHEON, South Korea – Hundreds of newlyweds flocked to Incheon City Hall on March 6th, eager to apply for the city's innova ...; Min Gyu Mi Reporter 2025.03.07

Cheolwon County Accelerates Construction of Park Golf Courses to Meet Residents' Needs: Cheolwon County is expediting the construction of park golf courses, a long-awaited project for its residents. The county recently ...; Desk 2025.03.07

AI's Sensory Revolution: From Drug Detection to Digital Gastronomy: As the era of physical AI dawns, enabling interactions based on real-world spatial data, AI technologies are rapidly incorporating ...; ONLINE TEAM 2025.03.06

U.S. Private Sector Job Growth Halves Expectations Amid Economic Slowdown Concerns: Washington D.C. – U.S. private sector employment saw a significantly lower-than-expected increase in February, raising conce ...; Hannah Yeh Reporter 2025.03.06

South Korea to Introduce Foreign Caregivers and 'Top-Tier Visa' to Address Aging Population and Attract Tech Talent: The South Korean government is set to introduce foreign caregivers and a 'top-tier visa' to tackle the rapidly increasing demand f ...; Desk 2025.03.05

South Korean Mid-Sized Firms Foresee Export Decline Amid Global Economic Slowdown: Nearly four out of ten South Korean mid-sized companies anticipate a decrease in their export performance during the first half of ...; ONLINE TEAM 2025.03.05

Financial Supervisory Service to Intensify Oversight of Insurers' Unsound Business Practices: The Financial Supervisory Service (FSS) announced on the 5th that it will intensify its supervision and inspection of unsound busi ...; ONLINE TEAM 2025.03.05