Global Economic Times

2025.10.21 (Tue)
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Kering Sells Beauty Division to L'Oréal for €4 Billion Amid Gucci Slump

Paris – French luxury conglomerate Kering, owner of major brands including Gucci, Bottega Veneta, and Balenciaga, has announced the sale of its beauty business to French cosmetics giant L'Or
South Korean Department Store Industry Intensifies Competition for AI-Based 'Hyper-Personalized' Shopping

The South Korean department store industry is accelerating the development of 'hyper-personalized' custom services using Artificial Intelligence (AI). Leading this trend, Hyundai Department St

From Formal to 'Fine-Casual': Asia Pacific Embraces Culinary Comfort and Experience

SEOUL, South Korea — A seismic shift is underway in the Asia Pacific dining scene, with traditional fine dining making way for a trend dubbed "casual luxury." This is the core findin

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Samsung Soars with Three-Year High Operating Profit, Driven by Memory and Mobile Momentum: SEOUL, South Korea – Samsung Electronics Co., Ltd. announced a preliminary consolidated operating profit of approximately 12 ...; KO YONG-CHUL Reporter 2025.10.15

Vietnam Pomelo Makes Official Debut in Australian Market, Opening New Horizons for Agricultural Exports: HANOI – Vietnamese fresh pomelo has achieved a breakthrough by being officially exported to the Australian market, marking a ...; Graciela Maria Reporter 2025.10.09

Argentina Emerges as a 'Strategic Partner' in Caribbean Agricultural Innovation: Pledges to Deepen Cooperation at 2025 Caribbean Week of Agriculture (CWA) to Support Goal of 25% Reduction in Food Import Dependen ...; Pedro Espinola Special Correspondent 2025.10.08

Millicom Completes $440 Million Telefónica Acquisition, Enters Uruguayan Telecom Market: Millicom International Cellular S.A. (NASDAQ: TIGO) has finalized the acquisition of Telefónica Móviles del Uruguay ...; Graciela Maria Reporter 2025.10.08

Seong Gyeong Foods Launches Power Bank in Latest Dokdo Support Drive: SEOUL — Seong Gyeong Foods, the maker of the widely-known ‘Jidopyo Seong Gyeong Kim’ seaweed, has unveiled a uni ...; Global Economic Times Reporter 2025.10.06

Global Semiconductor Industry Converges in Phoenix for Record-Breaking SEMICON West 2025: PHOENIX, Arizona—The global semiconductor materials and equipment sector is gathering in Phoenix, Arizona, from October 7 to ...; Global Economic Times Reporter 2025.10.05

Korean Apparel Giant Sae-A Trading Acquires Swisstex Facilities to Bolster North American Footprint: SEOUL/LOS ANGELES – In a move widely seen as a strategic response to increasing global trade tensions, including U.S. tariff ...; Yim Kwangsoo Correspondent 2025.10.02

South Korea's Musinsa Standard Hits 30 Offline Stores, Accelerating Nationwide and Global Expansion: SEOUL – Musinsa Standard, the in-house modern basic casual wear brand of South Korean fashion platform Musinsa, has achieved ...; Shin Yeju Intern Reporter 2025.10.02

Caregen Leads the Charge in South American Metabolic Disease Market, Securing Exclusive Supply of 3 Peptide Health Supplements to Peru and Paraguay: Caregen (214370), a peptide-specialized bio-company, has secured a bridgehead for preempting the South American metabolic disease ...; Graciela Maria Reporter 2025.10.02

Indefinite Airport Strike Threatens to Ground South Korea's Golden Holiday Travel: SEOUL — South Korea's highly anticipated "Golden Holiday"—a long stretch encompassing National Foundation Day and the ...; Hwang Sujin Reporter 2025.10.01

CJ CheilJedang Offloads Feed Unit to Royal De Heus in $900M Deal: SEOUL—South Korean food and beverage giant CJ CheilJedang is poised to divest its livestock and feed subsidiary, CJ Feed& ...; Kim Sungmoon Reporter 2025.10.01

South Korea's Aggressive Bid for AI Talent: High-Stakes 'InnoCORE' Program Attracts 159 Global PhDs: SEOUL — South Korea has launched an aggressive new strategy to reverse its chronic "brain drain" and position itself as a gl ...; Shin Yeju Intern Reporter 2025.09.30

US Tariffs to Fully Hit Japanese Heavy Trucks, Exemption on Pharmaceuticals Expected: The United States is set to fully impose its newly announced 25% tariff on imported heavy trucks on Japan, starting October 1, acc ...; Graciela Maria Reporter 2025.09.28

Apple Escalates Feud with EU, Demands Repeal of Digital Markets Act: BRUSSELS — The long-running conflict between Apple and the European Union reached a boiling point this week as the tech gian ...; Ana Fernanda Reporter 2025.09.26

The Fierce Battle for Streaming Dominance: Coupang Play's Sports Bet and Disney+'s Aggressive Discount: The competition in South Korea's Over-the-Top (OTT) streaming market is heating up, with major players adopting unique strategies ...; Hwang Sujin Reporter 2025.09.25

Trump's H-1B Fee Hike Sends Shockwaves Through Wall Street Banks: NEW YORK — A proposed H-1B visa fee hike by the Trump administration to a staggering $100,000 is causing widespread alarm, n ...; Pedro Espinola Special Correspondent 2025.09.25

South Korean Department Stores Make Inroads into Japan Amid K-Wave Boom: TOKYO – In a strategic move to combat domestic stagnation and capitalize on the surging popularity of Korean culture, major ...; Global Economic Times Reporter 2025.09.25

2025 Materials, Parts, and Equipment International Investment Conference Concludes Successfully in Daejeon: DAEJEON, South Korea – Daejeon, a city poised to become a global hub for advanced industries, successfully hosted the 2025 M ...; HONG MOON HWA Senior Reporter 2025.09.25

Apple Stock Surges on iPhone 17's Surprise Success, Nearing Record High: Apple's stock is soaring, propelled by the unexpected sales success of its new iPhone 17 series, with shares now approaching an al ...; Ana Fernanda Reporter 2025.09.24

Paraquayan Law for SMEs: Growth and Challenges: ASUNCIÓN, PARAGUAY – A new law for small and medium-sized enterprises (SMEs) in Paraguay is raising expectations amon ...; Hwang Sujin Reporter 2025.09.23

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