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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Seoul's Housing Market Shows Signs of Recovery, Fueled by Easing Regulations: Seoul – After a period of stagnation due to complex domestic issues, Seoul's apartment prices have recently shown signs of r ...; Min Gyu Mi Reporter 2025.02.15

Luxury Apartments Evade Heavy Taxes Due to Outdated Law: Seoul – In the heart of Seoul's upscale Hannam neighborhood, where celebrities like G-Dragon and RM and Jimin of BTS reside, ...; Desk 2025.02.15

Jeonbuk Province to Establish Advanced Science and Technology Complex: JEONBUK, South Korea – Jeonbuk Province is taking a significant leap into the future with the development of a cutting-edge ...; Hee Chan Kim Reporter 2025.02.15

Gangwon, Gyeonggi Provinces to Co-Fund Construction of Nolmijae Tunnel: GANGWON/GYEONGGI – Gangwon and Gyeonggi provinces have announced a collaborative agreement to jointly finance the constructi ...; Yim Kwangsoo Correspondent 2025.02.15

New Highway Opens Up a New Era for Commuters in Gyeonggi Province: As the saying goes, "People make roads, and roads make people." The opening of the Anseong-Guri section of the Sejong-Pocheon Expr ...; Desk 2025.02.15

Yangpyeong County to Revitalize Yanggang Island Area with Y-Shaped Suspension Bridge: Yangpyeong, South Korea – Yangpyeong County is set to embark on a project to transform the Yanggang Island area into a premi ...; Min Gyu Mi Reporter 2025.02.15

Korean Research Team Develops Microorganism to Decompose Agricultural Waste Vinyl: A research team from the Rural Development Administration (RDA) and Gyeongsang National University has announced the development o ...; Hwang Sujin Reporter 2025.02.14

Peru Seeks Public Input on Draft Regulations for Small-Scale Mining Formalization: LIMA – The Ministry of Energy and Mines (Minem) has taken a significant step towards the formalization of small-scale and ar ...; Pedro Espinola Special Correspondent 2025.02.14

Intradeco Holdings Powers Up El Salvador with Solar Energy and Community Development: Apopa, El Salvador – Intradeco Holdings, a leading global apparel manufacturer, has announced the completion of Phase 2 of i ...; Eugenio Rodolfo Sanabria Reporter 2025.02.14

Cheonan's Signature 'Sky Green Melon' Makes Its First Planting of the Year: Cheonan, South Korea – The Cheonan Agricultural Technology Center announced on February 10th that the first 4,400 seedlings ...; HONG MOON HWA Senior Reporter 2025.02.14

Ulsan to Welcome Its First Urban Railway: A New Era for the Real Estate Market: Ulsan, the only metropolitan city in South Korea without a subway system, is set to undergo a significant transformation with the ...; Min Gyu Mi Reporter 2025.02.14

South Korean Construction Industry Faces Mounting Financial Challenges: SEOUL – The South Korean construction industry is facing a growing financial crisis due to a combination of factors, includi ...; Min Gyu Mi Reporter 2025.02.14

Korean Scientists Develop Gene Chip for Native Chicken and Duck Breeds: Seoul, South Korea – The Rural Development Administration (RDA) has announced the development of a new gene chip that contai ...; Desk 2025.02.13

Jeonbuk to Become Hub for Renewable Energy with Massive Offshore Wind Farm: Jeonju, South Korea – Jeonbuk Province is poised to become a leader in renewable energy with the development of a 1.4 gigawa ...; Yim Kwangsoo Correspondent 2025.02.13

Netmarble Updates 'Tower of God: New World' with New Characters and Events: Netmarble has announced an update to their collection-based anime RPG, 'Tower of God: New World', introducing two new characters: ...; ONLINE TEAM 2025.02.13

K-Beauty's Global Appeal Fuels M&A Frenzy: Seoul, South Korea – The Korean beauty (K-beauty) industry is experiencing an unprecedented wave of mergers and acquisitions ...; Hwang Sujin Reporter 2025.02.13

Nexen Tire Develops Tire with 70% Sustainable Materials: Seoul, South Korea – Nexen Tire announced on February 12th that it has successfully developed a tire with 70% sustainable ma ...; Desk 2025.02.12

Samsung Electronics Partners with Yoochang E&C to Expand AI Smart Modular Building Market: Samsung Electronics is joining forces with Yoochang E&C, South Korea's largest modular building manufacturer, to expand the AI ...; Desk 2025.02.12

Gyeonggi-do Housing Market Freezes Over Since New Year... Concerns Over Prolonged Contraction Due to Possible Early Presidential Election: The Gyeonggi-do housing market has frozen over since the new year. It has been found that the number of private apartments for sal ...; Hwang Sujin Reporter 2025.02.12

Aiden Robotics Selected for Samsung's C-Lab Outside Program: Aiden Robotics, a company specializing in robot sensors, has been selected for Samsung Electronics' startup incubation program, C- ...; ONLINE TEAM 2025.02.12