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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Chong Kun Dang Considers Major Investment in Bio R&D and Production Facility in Siheung Baegot District: Chong Kun Dang is considering establishing a research institute and biopharmaceutical production plant in the Baegot district of S ...; KO YONG-CHUL Reporter 2025.03.01

Delta Air Lines Celebrates 100 Years: From Crop Duster to Global Aviation Giant: Atlanta-based Delta Air Lines is set to celebrate its 100th anniversary on June 2, 2025. As the world's number one airline in reve ...; Eugenio Rodolfo Sanabria Reporter 2025.03.01

Yuhan-Kimberly Unveils Eco-Conscious 'Pure Baby' Bottle, Setting New Standards for Sustainable Baby Care: SEOUL, South Korea – Yuhan-Kimberly, a leading consumer goods company, has launched its groundbreaking 'Pure Baby' bottle un ...; Hwang Sujin Reporter 2025.03.01

U.S. Congress Votes to Repeal Methane Fee on Oil and Gas Producers: The U.S. Congress voted on Thursday to repeal a federal fee on oil and gas producers who release high levels of methane, undoing a ...; Eunsil Ju Reporter 2025.02.28

El Salvador Launches National Dairy Brand to Boost Local Economy: San Salvador, El Salvador – The Salvadoran government, in a collaborative effort with the private sector, has unveiled "L&aa ...; Eugenio Rodolfo Sanabria Reporter 2025.02.28

Zueitina Oil Revives Al-Sabah Field After Decade-Long Hiatus, Boosting Libyan Production: Tripoli, Libya – Zueitina Oil Company has successfully restarted operations at the Al-Sabah oil field, marking a significant ...; Ana Fernanda Reporter 2025.02.28

Kia and Samsung Electronics Partner to Integrate SmartThings Pro into PBVs: Following Hyundai Motor Company, Kia is also strengthening its collaboration with Samsung Electronics. Kia announced on February 2 ...; Hwang Sujin Reporter 2025.02.28

Korean Pharmaceutical and Biotech Companies Accelerate Expansion of Production Facilities to Secure Global Competitiveness: Seoul, South Korea – Korean pharmaceutical and biotech companies are fiercely competing to expand their production facilitie ...; Hwang Sujin Reporter 2025.02.27

Kia and Samsung Electronics Partner to Revolutionize Business Mobility with AI-Powered PBV: Tarragona, Spain – Kia Corporation and Samsung Electronics have announced a strategic partnership to integrate Samsung&rsquo ...; Desk 2025.02.27

Kenya Coffee Farmers Earn Sh.1.8 Billion in Auction Despite Volume and Price Dip: Nairobi, Kenya – The Nairobi Coffee Exchange (NCE) auction generated Sh.1.8 billion for Kenyan coffee farmers and estates, d ...; Hee Chan Kim Reporter 2025.02.27

Philippines Bolsters Gaming Industry Amidst Rising Regional Competition: MANILA – The Philippine Amusement and Gaming Corp. (PAGCOR) is implementing stricter regulations and accelerating its privat ...; Eugenio Rodolfo Sanabria Reporter 2025.02.27

Philippines Accelerates Renewable Energy and Industrial Growth with Major Investments: MANILA – The Philippines is making significant strides in bolstering its renewable energy sector and industrial landscape, a ...; Eugenio Rodolfo Sanabria Reporter 2025.02.27

Seogwipo City Begins Accepting Applications for Farmer's Allowance Support Project to Stabilize Farm Management and Revitalize the Local Economy: Seogwipo City has announced that it will begin accepting applications for the 'Farmer's Allowance Support Project' from March 4th ...; KO YONG-CHUL Reporter 2025.02.27

KIGAM Develops Cost-Effective and Efficient Lithium Extraction Technology from Brine: A research team led by Dr. Park In-soo at the Korea Institute of Geoscience and Mineral Resources (KIGAM) has developed a novel te ...; HONG MOON HWA Senior Reporter 2025.02.27

Renault Korea to Increase Production of the New Renault Grand Coleos Due to High Popularity: Renault Korea's new Renault Grand Coleos has been making waves in the mid-sized SUV segment, selling an average of 6,000 units per ...; KO YONG-CHUL Reporter 2025.02.26

Yuanta Securities Issues 'Buy' Rating for Shift Up, Citing Strong Growth Potential in China and Beyond: Yuanta Securities has issued a 'buy' rating for Shift Up, a South Korean game developer, with a target price of 90,000 won. This r ...; ONLINE TEAM 2025.02.26

Hyundai Motor Group and Samsung SDI Join Forces to Develop High-Performance Batteries for Robots: Hyundai Motor Group and Samsung SDI have announced a partnership to jointly develop high-performance batteries for robots. The col ...; Desk 2025.02.26

Ulsan Businesses Discuss Participation in Post-War Reconstruction of Ukraine: The Ulsan Chamber of Commerce and Industry announced on February 25th that it had discussed ways for Ulsan-based companies to part ...; LEE YEON SIL Reporter 2025.02.25

Codelco and Anglo American Forge Mega-Alliance to Boost Copper Production: Santiago, Chile – In a landmark move for the Chilean mining industry, state-owned copper giant Codelco and global mining pow ...; Global Economic Times Reporter 2025.02.25

LG Display Pioneers Mass Production of 40-Inch Automotive Displays for Sony Honda Mobility's 'Afeela': SEOUL – LG Display announced on February 24th that it has become the first in the industry to mass produce 40-inch automotiv ...; Yim Kwangsoo Correspondent 2025.02.24