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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Bonghwa County Bets on 'Bongt'nam': A Unique Cultural Tourism Venture Bridging Korea and Vietnam: Bonghwa County, nestled in the inland region of North Gyeongsang Province, South Korea, is embarking on an ambitious tourism devel ...; Yim Kwangsoo Correspondent 2025.05.07

Up to 30% Discount on 'Seoul Delivery+' ('Ddanggyeo-yo') Orders in Gangnam, Gwanak, and Yeongdeungpo Districts: Residents in the Gangnam, Gwanak, and Yeongdeungpo districts of Seoul can receive up to a 30% discount when ordering food through ...; Hwang Sujin Reporter 2025.05.07

Gyeonggi Province Initiative Aims to Foster "Happy Workplaces" for Migrant Workers Amidst Persistent Challenges: In a significant move to address the often-precarious working conditions faced by migrant laborers, the Gyeonggi Job Foundation ha ...; Desk 2025.05.07

Airline Stocks Surge as Investors Flock in Response to Falling Won-Dollar Exchange Rate: Airline stocks are experiencing a broad rally on the South Korean stock market today, buoyed by a sharp decline in the Korean won- ...; Desk 2025.05.07

Paraguayan Ministry of Economy and Finance Suspends Payments to 8,000 Pensioners for Not Participating in Mandatory Census: The Paraguayan Ministry of Economy and Finance (MEF) has announced the temporary suspension of pension payments to over 8,000 pens ...; Graciela Maria Reporter 2025.05.06

T-shirts Featuring Paraguayan History, the Shining Idea of a Young Designer: Cristina León, a young designer from San Lorenzo, has combined her passion for history and design to create a cultural proj ...; Eugenio Rodolfo Sanabria Reporter 2025.05.06

Parking Fee Implementation in Encarnación Faces Strong Opposition, Demands for Suspension Flood In: The recently introduced parking fee policy in the city of Encarnación, Paraguay, is facing strong opposition from citizens, ...; Eugenio Rodolfo Sanabria Reporter 2025.05.06

Samsung Challenges India's $1.3 Billion Tariff and Penalty, Setting Stage for Legal Showdown: Samsung Electronics has mounted a vigorous legal challenge against the Indian government's demand for a staggering ₹14.8 billion ( ...; KO YONG-CHUL Reporter 2025.05.05

Booming Vietnamese Medical Device Market Poised to Surpass $1.7 Billion, Offering Significant Opportunities for South Korean Exporters: Vietnam's burgeoning medical device market is on track to exceed a substantial $1.7 billion (approximately ₩2.55 trillion) in 2024 ...; Ana Fernanda Reporter 2025.05.05

Goheung County's Seaweed Exports to Indonesia Gain Momentum, Targeting Broader Southeast Asian, Middle Eastern, and Indian Markets: Goheung County in Jeollanam-do Province, South Korea, is making significant strides in penetrating the Indonesian market with its ...; Yim Kwangsoo Correspondent 2025.05.05

Seoul Metropolitan Government to Develop Popular Local Eatery Menus into Meal Kits Based on Citizen Recommendations: The Seoul Metropolitan Government will develop popular menus from traditional markets into convenient meal kits that can be easily ...; Hwang Sujin Reporter 2025.05.05

Chungbuk Province Intensifies Efforts to Attract Japanese and Taiwanese Tourists, Capitalizing on Hallyu Wave: Chungcheongbuk-do Province, a region in South Korea known for its scenic beauty and cultural heritage, is strategically targeting ...; HONG MOON HWA Senior Reporter 2025.05.05

Mercosur Certificate of Origin: The Engine of Export Competitiveness for Paraguay's Maquila Industry: The Southern Common Market, Mercosur (Mercado Común del Sur), stands as a significant economic bloc in South America, compr ...; Yim Kwangsoo Correspondent 2025.05.05

Hana Bank Signs MOU with the Vietnamese Association in Korea: Hana Bank announced on May 2nd that it had signed a Memorandum of Understanding (MOU) with the Vietnamese Association in Korea on ...; Desk 2025.05.03

Korean Ramen Empire Expands Globally, Capitalizing on K-Culture Wave: AGUAS CALIENTES, PERU - High in the Peruvian Andes, on the winding path leading to the ancient Inca citadel of Machu Picchu, an un ...; Global Economic Times Reporter 2025.05.03

Global Backlash Against Trump Policies Manifests in Coca-Cola Boycotts in Denmark and Mexico: The ripple effects of discontent stemming from the foreign policy, trade impositions, and immigration stances of the U.S. Presiden ...; Yim Kwangsoo Correspondent 2025.05.03

Lotteria Sets Sights on US Market with First Fullerton Outlet: South Korean fast-food giant Lotteria is making a bold move into the competitive US market, selecting Fullerton, California, for i ...; Sharon Yoon Correspondent 2025.05.03

Chungnam Province Unveils Ambitious RISE Initiative, Investing ₩140.3 Billion to Revitalize Regional Higher Education and Economy: Chungcheongnam-do (South Chungcheong Province) has taken a significant step towards regional revitalization with the selection of ...; HONG MOON HWA Senior Reporter 2025.05.03

Daejeon City Selects 10 'D-Unicorn Companies' for 2025: Daejeon Metropolitan City has finalized the selection of 10 promising local venture and startup companies for the '2025 D-Unicorn ...; KO YONG-CHUL Reporter 2025.05.03

Chungcheongnam-do Province Expands Support for Exporting Companies Amid US Tariff Measures: Chungcheongnam-do is significantly increasing its trade insurance support for exporting companies in response to recent US tariff ...; HONG MOON HWA Senior Reporter 2025.05.03