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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Ueno Bank and Última Hora Breathe New Life into Paraguayan Education with the 'Reading Educators' Project: The 'Formando Lectores 2' (Reading Educators) project, a joint initiative by Ueno Bank and the daily newspaper Última Hora, ...; Global Economic Times Reporter 2025.09.08

EU and Mercosur Target FTA Signing This Year, Creating a Unified Market of 700 Million: MEXICO CITY — The European Union (EU) and the Southern Common Market (MERCOSUR) are accelerating efforts to formally sign a ...; Yim Kwangsoo Correspondent 2025.09.06

US Energy Secretary: “We'll Double LNG Exports Under Trump, South Korea is a Big Market”: WASHINGTON – U.S. Energy Secretary Chris Wright announced on Monday that the United States aims to double its liquefied natu ...; Hwang Sujin Reporter 2025.09.06

Canadian Boycott Hits Jack Daniel’s Hard, Brown-Forman Sales Plummet 62%: LOUISVILLE, KY — Brown-Forman, the parent company of iconic American brands like Jack Daniel's Tennessee Whiskey and Woodfor ...; Global Economic Times Reporter 2025.09.04

HawaiianMiles Program Enters ‘Deep Freeze’ as Alaska Airlines Merger Nears: HONOLULU—Hawaiian Airlines has confirmed that its long-standing loyalty program, HawaiianMiles, will undergo a five-day susp ...; Ana Fernanda Reporter 2025.09.04

SKT, Shinsegae, and Six Others Maintain 102 Consecutive Quarters of Profit Since 2000: A recent report by corporate data research firm CEO Score reveals that eight major South Korean companies—KT&G, SK Telec ...; Global Economic Times Reporter 2025.09.03

Trade Minister Discusses 'Key Mineral Supply Chain Cooperation' with Latin American Ambassadors: Yeo Han-koo, Minister for Trade of the Ministry of Trade, Industry and Energy, met with ambassadors from Latin American countries ...; Hwang Sujin Reporter 2025.09.03

Delinquent Construction Loans at Top 5 Banks Double in Six Months: SEOUL – Delinquent loans in the construction sector have reportedly more than doubled at South Korea's five largest banks in ...; KO YONG-CHUL Reporter 2025.09.03

Developing Nations Shift Away from Dollar Debt Amid High U.S. Interest Rates: SEOUL - A growing number of developing nations are turning away from U.S. dollar-denominated debt and opting for loans in other cu ...; Pedro Espinola Special Correspondent 2025.09.02

Tesla's India Debut Stumbles, Raising Concerns About Global Growth: NEW DELHI—Tesla's highly anticipated entry into the Indian market appears to be off to a sluggish start, with the company re ...; Graciela Maria Reporter 2025.09.02

Foreign Investors Shift Strategy: Selling Samsung Electronics, Buying Kakao and Hyundai Motor: SEOUL – Foreign investors have shifted their strategy in the South Korean stock market, turning to a net-sell position on th ...; Graciela Maria Reporter 2025.09.01

EU Achieves Historic Trade Surplus with Russia Amid Sanctions: BRUSSELS — The European Union has recorded a trade surplus with Russia for the first time on record, a historic reversal of ...; Eugenio Rodolfo Sanabria Reporter 2025.09.01

South Korean Duty-Free Sales Plummet Despite Tourism Boom: Seoul, South Korea — South Korea's duty-free industry faces a major downturn as per-person spending by foreign tourists shar ...; KO YONG-CHUL Reporter 2025.09.01

NVIDIA's Strong Q2 Earnings Beat Market Expectations, Fueled by AI Growth: SAN FRANCISCO — AI powerhouse NVIDIA announced on August 27 that its second-quarter (May-July) revenue and earnings per shar ...; Global Economic Times Reporter 2025.08.28

Hyundai Motor Group Announces $5 Billion Surge in US Investment: SEOUL—Hyundai Motor Group has announced an additional $5 billion (approximately ₩7 trillion) investment in the United States ...; KO YONG-CHUL Reporter 2025.08.26

U.S. Government Acquires Controlling Stake in Intel, Signaling New Era of State-Corporate Alliance: WASHINGTON, D.C. — In a dramatic shift in economic policy, the United States government has taken a 10% ownership stake in I ...; Ana Fernanda Reporter 2025.08.23

New Low-Cost Air Route: Asunción-Rio de Janeiro Launched: ASUNCIÓN — The low-cost airline JetSMART has announced the launch of a new direct route connecting Asunción, t ...; Hwang Sujin Reporter 2025.08.22

Paraguayan Chamber of Commerce and Services Unveils New Economic Forecast Indicator: The Paraguayan Chamber of Commerce and Services (CNCSP) is introducing a new tool to gauge the future of the economy. Set to be re ...; Yim Kwangsoo Correspondent 2025.08.22

From Korean Farms to Dubai Tables: A Royal Endorsement Spurs New Culinary Chapter for Hanwoo Beef: Seoul—A new era of culinary diplomacy is underway as Korea’s esteemed Hoengseong Hanwoo beef prepares for its grand de ...; LEE YEON SIL Reporter 2025.08.21

"Salam Seoul Restaurant": A Restaurant Guide for Muslims traveling in Seoul: Among the problems Muslims face when traveling to non-Islamic countries in East Asia such as Korea, Japan, China, and Taiwan, the ...; LEE YEON SIL Reporter 2025.08.21

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