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 Aims to Build 2.7 Million New Homes Amidst Housing Crisis: Seoul, South Korea – The South Korean government has unveiled an ambitious plan to construct 2.7 million new homes over the ...; Hwang Sujin Reporter 2025.01.27

Vietnam Accelerates Semiconductor Industry Development: HÀ NỘI — The Ministry of Industry and Trade (MoIT) is accelerating efforts to fast-track the country's semiconductor ...; Graciela Maria Reporter 2025.01.26

Vietnam's Electronics Industry Booms in 2024: Vietnam's electronics industry experienced a remarkable surge in 2024, with exports reaching a staggering $126.5 billion. This imp ...; Global Economic Times Reporter 2025.01.26

South Jeolla Province to Build Major Space Launch Complex: Goheung, South Korea – South Jeolla Province announced on January 25 that it will begin construction of a major space launch ...; Global Economic Times Reporter 2025.01.26

Chinese Shipbuilders Overtake South Korea Amidst Global Shipbuilding Boom: Seoul, South Korea – A recent report from Clarksons Research has revealed a significant shift in the global shipbuilding la ...; JEONG CHAN MYEONG Senior Reporter 2025.01.26

Seoul's Luxury Apartment Market Soars as Prices Hit Record Highs: Seoul, South Korea – The South Korean capital's luxury apartment market has experienced a dramatic surge, with over half of ...; Hwang Sujin Reporter 2025.01.26

Korean Air Introduces New Airbus A350-900 Aircraft: Seoul, South Korea – Korean Air announced today that it will be introducing its first two Airbus A350-900 aircraft into serv ...; Global Economic Times Reporter 2025.01.26

Peruvian Anchovy Fishing Season Exceeds Expectations, Boosting Exports: Lima, Peru – January 23, 2025 – Peru’s second anchovy fishing season has concluded with record-breaking results, ...; Eugenio Rodolfo Sanabria Reporter 2025.01.25

Salvadoran Brewery Invests $60 Million, Citing Government's Pro-Business Reforms: San Salvador, El Salvador – Cervecería Salvadoreña, one of the country's leading breweries, is set to invest $ ...; Pedro Espinola Special Correspondent 2025.01.25

El Salvador's EDP Power Plant Delivers Significant Savings and Environmental Benefits: San Salvador, El Salvador – Energía del Pacífico (EDP), a privately-owned liquefied natural gas (LNG) power ge ...; Pedro Espinola Special Correspondent 2025.01.25

Genesis Unveils Revolutionary GV60 Concept for Extreme Conditions: Davos, Switzerland – Genesis, Hyundai Motor Group’s luxury brand, has unveiled its latest concept vehicle, the GV60 Mo ...; Eugenio Rodolfo Sanabria Reporter 2025.01.25

South Korea Sees Uptick in Population Migration Amid Housing Market Boom: Seoul, South Korea – South Korea experienced a resurgence in population migration last year, driven by an increase in home s ...; Desk 2025.01.25

Chinese EV Makers Sue EU Over High Tariffs: Three of China's leading electric vehicle (EV) manufacturers, BYD, Geely, and SAIC Motor, have filed a lawsuit against the Europea ...; Eugenio Rodolfo Sanabria Reporter 2025.01.24

Soaring Rent in Seoul Amid Housing Shortage and Fraud Scandals: Seoul, South Korea – Rent prices for apartments, villas, and officetels in Seoul have been steadily climbing due to a combin ...; ONLINE TEAM 2025.01.22

El Salvador to Build Five Skyscrapers in 2025: San Salvador - El Salvador is set to embark on an ambitious construction project, with five new skyscrapers over 35 stories slated ...; Graciela Maria Reporter 2025.01.22

South Korean Drone Startups Soar Towards IPO: Several South Korean drone startups are poised to take flight on the public market, as they gear up for Initial Public Offerings ( ...; KO YONG-CHUL Reporter 2025.01.20

South Korea to Expand Mid-Sized Urban Living Housing to Accommodate Growing Families: Seoul, South Korea – South Korea's Ministry of Land, Infrastructure, and Transport announced on January 20 that it will rela ...; KO YONG-CHUL Reporter 2025.01.20

GoYoung's Stock Jumps on US FDA Approval for Medical Robot: Seoul, South Korea – GoYoung, a leading South Korean semiconductor inspection equipment manufacturer, saw its stock price sk ...; Global Economic Times Reporter 2025.01.20

Daejeon City Launches Film Industry Promotion Committee to Foster Growth: Daejeon, South Korea – Daejeon City has taken a significant step towards becoming a leading hub for the film industry. On [D ...; HONG MOON HWA Senior Reporter 2025.01.17

Panama Takes Major Step Towards David-Panama Train: Panama City - In a landmark development for the nation, the Panamanian government has signed a contract with AECOM USA for the dev ...; Global Economic Times Reporter 2025.01.17