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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Incheon International Airport expected to reach capacity in 2033... Urgently need to promote the 5th phase expansion project: It is argued that the '5th phase expansion project' to build the 3rd passenger terminal and the 5th runway should be expedited as ...; Hwang Sujin Reporter 2025.02.12

SMBA Incheon to Invest 174.1 Billion Won in SME Support in 2025: INCHEON – The Incheon Regional Headquarters of the Small and Medium Business Administration (SMBA) announced that it will in ...; Min Gyu Mi Reporter 2025.02.12

Trump's Tariff Threat Rattles Korean Industry: Following President Trump's announcement of a 25% tariff on steel and aluminum products, the possibility of additional tariffs on ...; Desk 2025.02.12

Tesla's Bold Bet in China: A New Megafactory Amidst Trade Tensions: Tesla has officially launched its first overseas Megafactory in Shanghai, China, marking a significant milestone in the company's ...; Sharon Yoon Correspondent 2025.02.12

Spacebay, a Korean satellite separation system and launch service provider, has partnered with German launch service provider Exolaunch to enter the small satellite commercial launch service market.: Spacebay, founded in 2017 by a researcher from the KAIST Artificial Satellite Research Institute, is the only company in Korea tha ...; KO YONG-CHUL Reporter 2025.02.11

Wemade Launches 'Golf Super Crew' Globally: Wemade has announced the global launch of its new mobile golf game, 'Golf Super Crew'. Developed by Two Hands Games, a studio comp ...; Desk 2025.02.11

GICON Secures Additional Funding for ICT Innovation Square Project: Gwangju, South Korea – The Gwangju Information & Culture Industry Promotion Agency (GICON) announced on November 11th th ...; Desk 2025.02.11

Kidney Disease Drug Finerenone Shows Promise in Reducing Diabetes Risk: A recent study has shown that the kidney disease drug finerenone (Kerendia) may also be effective in reducing the risk of developi ...; Hwang Sujin Reporter 2025.02.11

South Korea Boosts Nuclear Power Investment Amid Growing Global Demand: SEOUL – South Korea is significantly increasing its investment in the nuclear power industry, earmarking 150 billion won ($1 ...; Yim Kwangsoo Correspondent 2025.02.11

South Korea to Expand Agricultural Aid to 50 Nations by 2029: SEOUL – South Korea has announced a significant expansion of its official development assistance (ODA) program in the agricu ...; Eugenio Rodolfo Sanabria Reporter 2025.02.11

POSCO's High Manganese Steel: A Game Changer for LNG and Beyond: Seoul, South Korea – POSCO, the leading South Korean steelmaker, has announced significant progress with its independently d ...; KO YONG-CHUL Reporter 2025.02.11

BYD's Entry into Korean EV Market Sparks Data Leak Concerns: SEOUL – The recent arrival of Chinese electric vehicle (EV) maker BYD in the South Korean passenger car market has ignited c ...; KO YONG-CHUL Reporter 2025.02.11

Jeju Agricultural Technology Center to Supply 7 Tons of Hydroponic Seed Potatoes for Spring Crops in 2025: Jeju Agricultural Technology Center (Director Koh Sang-hwan) announced on the 10th that it will supply 7 tons of hydroponic seed p ...; Yim Kwangsoo Correspondent 2025.02.10

Hyundai Launches Casper Electric Cross with Off-Road Design: SEOUL – Hyundai Motor Company unveiled the Casper Electric Cross on February 10th, a new model of its popular Casper Electri ...; KO YONG-CHUL Reporter 2025.02.10

LG Energy Solution to Operate Korea's Largest Offshore Wind Farm: SEOUL – LG Energy Solution has been selected as the operator of the renewable energy bidding service for the Jeju Hallim Off ...; ONLINE TEAM 2025.02.10

EyesVision and Playzy Partner to Launch Customized Plan for Kids Watch Phones: EyesVision announced on the 10th that it has launched a customized plan for kids watch phone users, the "Playzy Exclusive Plan," i ...; Desk 2025.02.10

Korean Battery Trio Pin Hopes on North America After Q4 Slump: The Korean battery industry is facing a crisis as the nation's three major players, LG Energy Solution, Samsung SDI, and SK On, al ...; Eunsil Ju Reporter 2025.02.10

The average sale price of apartments nationwide has fallen to its lowest level in 22 months, but industry officials say it is a temporary phenomenon.: According to data from Real Estate R114, the average sale price of apartments nationwide in January was 16.28 million won per 3.3㎡ ...; ONLINE TEAM 2025.02.10

Korea Zinc Strengthens Strategic Mineral Production Amidst Global Supply Chain Concerns: Ulsan, South Korea – Following a recent extraordinary shareholders' meeting focused on internal cohesion and productivity en ...; ONLINE TEAM 2025.02.10

Ulsan Port Authority Recognized for Integrity, Blocks Access to DeepSeek AI: Ulsan, South Korea – The Ulsan Port Authority (UPA) announced on February 9th that it has been selected as an exemplary inst ...; Global Economic Times Reporter 2025.02.10