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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Hyundai Motor Group to Invest Record $24.3 Billion in South Korea: Hyundai Motor Group announced today that it will invest a record 24.3 trillion won (approximately $24.3 billion) in South Korea th ...; KO YONG-CHUL Reporter 2025.01.12

Formosa Plastics Group Posts Slim Profit Amidst Sluggish Demand and Chinese Overproduction: Taipei - Taiwan's largest industrial conglomerate, Formosa Plastics Group, reported a modest profit of NT$715 million (US$21.69 mi ...; Ana Fernanda Reporter 2025.01.11

Nepal Oil Corporation Faces Diversification Challenge Amidst Declining Petroleum Demand: Kathmandu: Nepal Oil Corporation (NOC) may face an existential crisis if it fails to diversify its business, warned Minister for I ...; Eugenio Rodolfo Sanabria Reporter 2025.01.11

Vietnam on Track to Join Top 20 Global Economies, Driving Collaboration Between SOEs and Private Sector: HANOI - Vietnam is poised for significant economic growth, with projections placing it among the top 15 Asian economies by 2025 an ...; Eugenio Rodolfo Sanabria Reporter 2025.01.11

New Expressway to Boost Connectivity in South Korea: Boeun, South Korea – A new expressway is set to revolutionize transportation in South Korea's central region. The Yeongdong- ...; KO YONG-CHUL Reporter 2025.01.11

Gyeongnam Province Spearheads Digital Transformation for Industrial Revitalization: Gyeongnam Province, a longstanding industrial hub in South Korea, is embarking on an ambitious plan to modernize its manufacturing ...; Desk 2025.01.11

aT Recognized for Sixth Consecutive Year in Community Contribution: Seoul, South Korea – [Date] – Korea Agro-Fisheries & Food Trade Corporation (aT) has once again been honored for i ...; Global Economic Times Reporter 2025.01.10

Wireless Tech and Solar-Powered Cars Shine at CES 2025: Las Vegas, NV – CES 2025 showcased a wave of innovative technologies that seamlessly blend the familiar with the cutting-edg ...; Sharon Yoon Correspondent 2025.01.10

Nostalgia-Driven Food Revival: Discontinued Products Make a Comeback: Seoul, South Korea – Food companies are tapping into consumers' nostalgic cravings by reintroducing discontinued products th ...; ONLINE TEAM 2025.01.09

Coffee Prices Hit Record Highs Amidst Climate Change Concerns: The global coffee market is experiencing unprecedented volatility as prices have soared to record highs. Extreme weather events, p ...; KO YONG-CHUL Reporter 2025.01.09

South Korea Tightens Mortgage Rules to Curb Household Debt: Seoul, South Korea – The South Korean government is set to tighten its grip on household debt by imposing stricter regulatio ...; Hwang Sujin Reporter 2025.01.09

North Jeolla Province Boosts Small Business Funding to 300 Billion Won: Jeonju, South Korea – North Jeolla Province announced today a significant increase in its small business funding program for ...; ONLINE TEAM 2025.01.09

Samsung Electronics Posts Disappointing Q4 Earnings Amid Chip Slump: Seoul, South Korea – Samsung Electronics, a global technology giant, reported a significant decline in its operating profit ...; Desk 2025.01.09

Soaring Prices Plunge: Baegod New Town Faces Development Delays: Shiheung, South Korea – The once-booming real estate market in Baegod New Town, Shiheung, has experienced a dramatic downtur ...; Hwang Sujin Reporter 2025.01.09

LH to Offer 2,814 Affordable Rental Homes for Young Adults and Newlyweds: Seoul, South Korea – The Korea Land and Housing Corporation (LH) announced on [Date] that it will begin accepting applicatio ...; Hwang Sujin Reporter 2025.01.08

South Korea Unveils Comprehensive Plan for Underground Railway Development: Seoul, South Korea – The Ministry of Land, Infrastructure and Transport has announced a comprehensive plan to expedite the u ...; KO YONG-CHUL Reporter 2025.01.08

Mokpo City Launches South Korea's First Public Bus System: Mokpo, South Korea – In a significant step towards improving public transportation, Mokpo City has become the first city in ...; Global Economic Times Reporter 2025.01.08

Vintage is the New Vogue: Young People Drive Sustainable Fashion Trend: Vintage shopping is no longer just a trend; it's a movement. Young people, particularly those belonging to the Gen Z and millennia ...; Global Economic Times Reporter 2025.01.08

PaxcelBio Selected as a Recipient of the G-Rex Grant Program: Seoul, South Korea – PaxcelBio, a leading biopharmaceutical company specializing in the development of immunotherapies, has ...; Global Economic Times Reporter 2025.01.08

Affordable Public Housing in Seongnam Draws High Demand: Seongnam, South Korea – A new public housing project in Seongnam's Gumoto district is generating significant buzz among pote ...; Global Economic Times Reporter 2025.01.08