Global Economic Times

2025.10.22 (Wed)
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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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POSCO Establishes Core Resources Research Institute in Australia to Bolster Mineral Security and Technological Prowess: Perth, Australia – POSCO Group has inaugurated its Australia Core Resources Research Institute in Perth, a strategic move to ...; Kim Sungmoon Reporter 2025.06.01

Chungnam's K-Products Make Inroads in Australia, Bolstering Export Drive: SYDNEY, Australia – Products from Chungcheongnam-do (Chungnam) Province are making a significant impact on the global stage, ...; HONG MOON HWA Senior Reporter 2025.06.01

New Zealand Opens Doors to South Korean Doctors: A Strategy to Bolster Healthcare Workforce: Wellington, New Zealand – In a significant move to address its ongoing healthcare workforce shortages, New Zealand has strea ...; Hwang Sujin Reporter 2025.06.01

Korean Business Council in New Zealand to Boost Growth and Connectivity: Auckland, New Zealand – The Korean business community in New Zealand is setting the stage for enhanced growth and solidarity ...; Kim Sungmoon Reporter 2025.06.01

Malaysia Teams Up with Korea Expressway Corporation for 'Smart Highways' Initiative: Kuala Lumpur, Malaysia – Malaysia is embarking on an ambitious journey to develop "smart highways" across the nation, partne ...; Hee Chan Kim Reporter 2025.06.01

Yeongcheon City Holds Export Consultation in Indonesia, Signs MOU with Korean Association: Yeongcheon City, South Korea – A trade delegation from Yeongcheon City, led by Mayor Choi Ki-moon, successfully hosted an ex ...; Kim Sungmoon Reporter 2025.06.01

Busan Port Authority Promotes Digital Logistics Systems in Indonesia at Inaugural Maritime Week: Busan Port Authority (BPA) showcased its advanced digital logistics systems at the first-ever 'Indonesia Maritime Week 2025,' held ...; Yim Kwangsoo Correspondent 2025.06.01

Cambodia-Based No-Show Scams on the Rise: Businesses Warned to Be Vigilant: SEOUL, South Korea – Police are issuing a stern warning to South Korean businesses about a sophisticated "no-show scam" orig ...; Hwang Sujin Reporter 2025.06.01

Goyang City Hosts Cambodia for International Exchange on Urban Planning and Lake Park Management: Goyang City, Gyeonggi Province – Goyang City recently held an international exchange meeting with a high-level Cambodian del ...; Kim Sungmoon Reporter 2025.06.01

Apple Expands India Presence with New Bengaluru Store Amidst Geopolitical Tensions: Bengaluru, India – Apple is further solidifying its footprint in the burgeoning Indian market with the upcoming launch of it ...; Desk 2025.06.01

Woongjin Compass Partners with Saudi Education Firm to Strengthen Middle East Presence: Seoul, South Korea / Riyadh, Saudi Arabia – Woongjin Compass, a leading English education specialist based in South Korea, a ...; KO YONG-CHUL Reporter 2025.05.31

Outback Steakhouse Korea Reaches 100 Stores, Navigating Market Shifts: Seoul, South Korea – Outback Steakhouse, operated by Dine Brands Group, has announced the reopening of its 100th location in ...; Hwang Sujin Reporter 2025.05.31

Busan Bank Leads Regional Banks in Social Contribution, Spending ₩59.9 Billion in 2023: Busan Bank has solidified its position as a leader in social contribution among regional banks in South Korea, having spent ₩59.9 ...; Hwang Sujin Reporter 2025.05.31

White House Moves to Effectively Ban Chinese Drones in US Market Amid Security Concerns: Washington D.C. – The White House is reportedly preparing a series of executive orders that would effectively prohibit the s ...; Desk 2025.05.31

Gangneung City's Workation Hub, 'Business Workation Support Center,' Under Smooth Construction: Gangneung City is accelerating the construction of the 'Business Workation Support Center,' a key infrastructure aimed at attracti ...; Hwang Sujin Reporter 2025.05.31

Anseong City Expects to Solve Commuting Difficulties for Workers and Revitalize the Local Economy by Operating Free Commuter Buses in Donghang Industrial Complex: Anseong City will begin operating free commuter buses for workers in the Donghang and Donghang 2 General Industrial Complexes star ...; Kim Sungmoon Reporter 2025.05.31

Anseong City Successfully Penetrates Hungarian Market, Securing Export Channels to Europe: Anseong City has taken a significant step toward developing the Eastern European market. In collaboration with the Gyeonggi Provin ...; Hwang Sujin Reporter 2025.05.31

Pyeongtaek City's Successful Export Consultation in Eastern Europe Signals Green Light for SME Global Expansion: Pyeongtaek City has successfully held an export consultation in Eastern Europe, marking a significant step in helping small and me ...; Yim Kwangsoo Correspondent 2025.05.31

Ansan City to Revitalize Local Economy by Discovering "Unique Restaurants": Ansan City has begun accepting recommendations for hidden local restaurants until June 10th. The "Ansan's Best Restaurants" select ...; Hwang Sujin Reporter 2025.05.31

Suwon City Recruits Participants for '2025 Suwon Business IR Day Suwon PANN' 5th Cohort, Accelerating the Nurturing of Innovation-Based Startups: Suwon Special City – Suwon Special City announced on the 29th that it is recruiting companies to participate in the 5th coho ...; Kim Sungmoon Reporter 2025.05.31