Global Economic Times

2025.10.22 (Wed)
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Kia Inaugurates New CKD Plant in Kazakhstan, Accelerating Global Supply Chain Diversification

Kostanay, Kazakhstan — Kia Corporation officially opened its second Complete Knock-Down (CKD) joint assembly plant in Kostanay, Kazakhstan, on October 21, 2025, marking a significant step in div
Gmarket Challenges E-Commerce Leaders Coupang and Naver with 700 Billion Won Investment and Alibaba Synergy

Gmarket, now a subsidiary of the joint venture (JV) between Shinsegae Group and Alibaba Group, has unveiled an ambitious plan to inject 700 billion won (approximately $492 million) into its operations

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

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IMC Forms Joint Venture with Kentucky Foods Chile for KFC Brazil Operations: SÃO PAULO - Brazilian restaurant franchise operator International Meal Company (IMC) announced on Wednesday that it has ent ...; ONLINE TEAM 2025.03.30

Vietnam and Chile's Antofagasta Region Explore Enhanced Cooperation: Buenos Aires – Vietnam is actively seeking to strengthen its ties with the Antofagasta region in northern Chile, a significa ...; Graciela Maria Reporter 2025.03.30

Vietnamese Conglomerate Vingroup Aims for Multi-Billion Dollar Clean Energy Push: Vietnam - Vietnamese conglomerate Vingroup, best known for its expansive property developments and burgeoning electric vehicle man ...; Eunsil Ju Reporter 2025.03.29

Vietnam's Thirsty Market: Whisky Consumption Set to Surge Amidst Global Shifts: Vietnam - Defying trends in more established markets, Vietnam's whisky market is experiencing a remarkable boom, projected to reac ...; ONLINE TEAM 2025.03.29

Vietnam Moves to Ease Trade Tensions with US by Cutting Import Duties: Hanoi, Vietnam – In a proactive move aimed at mitigating potential trade friction with the United States, the Vietnamese gov ...; KO YONG-CHUL Reporter 2025.03.29

Cainiao Smart Logistics Hub to Supercharge Vietnam's E-commerce Boom: Ho Chi Minh City, Vietnam – Cainiao Smart Logistics Network, the logistics arm of Alibaba Group, has significantly bolstered ...; ONLINE TEAM 2025.03.29

Vietnam: More Than Just a Backdoor for Chinese Exports: Vietnam - Concerns have been mounting in the United States that Vietnam's booming exports to America are not entirely what they se ...; Global Economic Times Reporter 2025.03.29

Kenya Becomes Africa's Top Importer of Second-Hand Clothing, Raising Concerns for Local Textile Industry: Kenya - Kenya has now become the leading importer of second-hand clothes across Africa, surpassing Nigeria in a development that h ...; Eugenio Rodolfo Sanabria Reporter 2025.03.29

Dunkin' Doubles Down on Costa Rica: Eight New Stores Planned by 2025: Costa Rica - Just over a year after its successful launch in Costa Rica in July 2024, Dunkin' is significantly accelerating its ex ...; KO YONG-CHUL Reporter 2025.03.29

Costa Rica's Eco-Conscious Resorts Redefine Luxury Travel: Reserva Conchal, Guanacaste, Costa Rica - Stepping onto the sun-drenched grounds of the W Hotel at Costa Rica’s Reserva Conc ...; Yim Kwangsoo Correspondent 2025.03.29

Costa Rica's Poás Volcano on High Alert Amid Increased Gas Emissions: San José, Costa Rica - Authorities in Costa Rica have maintained an orange alert for the Poás Volcano, a popular tou ...; Desk 2025.03.29

Consumer Alert Issued on Sangjo (Korean funeral service plan) Bundled with Appliances: Unexpected Penalties for Contract Cancellation: Bucheon, Gyeonggi Province, South Korea – The Fair Trade Commission (FTC) has issued a consumer advisory regarding a growing ...; Global Economic Times Reporter 2025.03.29

Malaysia's WF Holding Makes Nasdaq Debut After US$8 Million IPO: KUALA LUMPUR & NEW YORK – Malaysian fiberglass reinforced plastic (FRP) manufacturer WF Holding Ltd (NASDAQ: WFH) today ...; Ana Fernanda Reporter 2025.03.28

Boeing Reaffirms Malaysia's Central Role in Southeast Asian Growth Strategy: KUALA LUMPUR: Aerospace giant Boeing has underscored its strong commitment to Malaysia as a pivotal partner in its long-term growt ...; Desk 2025.03.28

Fears of 18% Drop in Exports to the US... Entire Automotive Industry, from Finished Cars to Parts Suppliers, Staggering: The domestic industry is on high alert as US President Donald Trump formalized the imposition of a 25% tariff on imported cars on ...; KO YONG-CHUL Reporter 2025.03.28

"Use Our Wedding Venue for Free"… Seoul Water Regeneration Facility Corporation Offers Free Park Rental: An outdoor park where prospective couples residing or working in Seoul can hold their wedding ceremony for free is opening to alle ...; Min Gyu Mi Reporter 2025.03.28

Bank of Korea Reports Second-Highest Net Profit Ever, Pays KRW 2.6 Trillion in Corporate Tax: The Bank of Korea (BOK) recorded its second-highest net profit last year, driven by the surge in the U.S. stock market, increased ...; KIM YOUNG MIN Specialized Reporter 2025.03.28

Minor Hotels to Launch Luxury NH Collection Hotel in Asunción, Paraguay: ASUNCIÓN, Paraguay – Global hospitality group Minor Hotels has announced its entry into the Paraguayan market with pl ...; KO YONG-CHUL Reporter 2025.03.28

Bitfarms Completes Sale of Paraguay Data Center, Accelerating North American Business Restructuring: TORONTO, ONTARIO – Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin mining and vertically integrated data center company, ...; KO YONG-CHUL Reporter 2025.03.28

Peru Strengthens Strategic Economic Cooperation with Paraguay: Trade Mission to Asunción on April 8-9: Peru is actively working to strengthen its strategic economic cooperation with Paraguay. The Peruvian Embassy in Paraguay has anno ...; KO YONG-CHUL Reporter 2025.03.28