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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Indian Retail Investors Burned by Market Crash After Pandemic Euphoria: NEW DELHI – A wave of young, inexperienced Indian retail investors, lured by social media hype and easy online trading durin ...; Pedro Espinola Special Correspondent 2025.03.25

Indonesia and South Korea Strengthen Ties in Clean Energy and EV Sectors: JAKARTA – Indonesia is accelerating its transition to clean energy and electric vehicle (EV) technologies through enhanced p ...; Graciela Maria Reporter 2025.03.25

South Korea, Indonesia Reaffirm Commitment to KF-21 Fighter Jet Project: JAKARTA – South Korean and Indonesian defense officials have solidified their commitment to the joint development of the KF- ...; Ana Fernanda Reporter 2025.03.25

Korean Securities Firms' Net Profits Approach 7 Trillion Won, Driven by Surge in Overseas Stock Trading: Seoul, South Korea – South Korean securities firms reported a significant increase in net profits for the past year, approac ...; Desk 2025.03.25

Gyeonggi Province Drives Open Innovation, Connecting Startups with Major Corporations: Gyeonggi Province, South Korea, is spearheading an initiative to bridge the gap between burgeoning startups and established large ...; Min Gyu Mi Reporter 2025.03.25

Seafood Prices Soar as Production of Popular Fish Plummets: Seoul, South Korea – The cost of staple seafood items like mackerel, squid, and hairtail has surged in South Korea, placing ...; Hwang Sujin Reporter 2025.03.25

Twosome Place Increases Prices by Average 4.9%... 58 Items Including Coffee and Cakes Affected: On the 24th, Cafe Twosome Place announced that it will raise the prices of some products by an average of 4.9% starting from the 2 ...; Hwang Sujin Reporter 2025.03.25

Auto Insurance Loss Ratio Skyrockets Amidst Cold Wave and Premium Cuts: SEOUL — The auto insurance sector is facing mounting challenges as the loss ratio for major insurers surged to 88.7% in Febr ...; Desk 2025.03.25

Jeonbuk Bank Launches Mobile Foreigner Registration Card-Based Financial Transactions: Jeonbuk Bank, a member of the JB Financial Group, has become the first financial institution in South Korea to introduce both in-p ...; KO YONG-CHUL Reporter 2025.03.25

Jeonbuk Businesses Lag in ESG Adoption, Urgent Need for Corporate Support: A recent survey has revealed that the adoption rate of ESG (Environmental, Social, and Governance) management among businesses in ...; ONLINE TEAM 2025.03.25

NH NongHyup Jeju to Hire 40 New Employees in First Half of 2025: JEJU, South Korea – NH NongHyup Jeju Headquarters and the Jeju Regional Agricultural and Livestock Cooperatives Personnel Af ...; Yim Kwangsoo Correspondent 2025.03.25

Jeju Tourism Corporation's Seongsan Duty-Free Shop Reopens After 4.5 Years: Seogwipo, Jeju, March 21, 2025 – Jeju Tourism Corporation (President Ko Seung-cheol) announced today that it reopened the Se ...; Min Gyu Mi Reporter 2025.03.25

Kakao, Naver Pay, and NHN Payco Halt Sales and Exchanges of Culture Gift Certificates, Raising Concerns of "Second Mezzopoint" Incident: The number of places accepting gift certificates issued by "Culture Gift Certificate Co., Ltd." is rapidly decreasing. Kakao has c ...; Hwang Sujin Reporter 2025.03.24

Major Food Prices in Korea Rise, Burdening Citizens' Economy: Recently, the prices of essential food items in Korea, such as ramen, dumplings, snacks, beer, and coffee, have been steadily incr ...; Hwang Sujin Reporter 2025.03.24

Paraguay is on the verge of finalizing a contract to export 2,500 heads of cattle to Morocco, marking a significant step in its efforts to penetrate the African market.: Paraguay has established a foothold for entering the African market. Ramiro Maluff, President of the Paraguayan Meat Production an ...; Yim Kwangsoo Correspondent 2025.03.24

Blue Bottle Coffee to Open First Southeast Asia Cafe in Singapore: Blue Bottle Coffee, a global specialty coffee brand that started as a small coffee cart in Oakland, California, USA, has announced ...; KO YONG-CHUL Reporter 2025.03.24

Fore Coffee Targets Southeast Asia Market, Using Singapore as Strategic Hub: Indonesian coffee chain Fore Coffee is strategically positioning Singapore as its launchpad for Southeast Asia market expansion. T ...; KO YONG-CHUL Reporter 2025.03.24

CLIO's 'Essential Lip Cheek Tab' Takes the Japanese Market by Storm...Accelerating Offline Store Expansion: CLIO's 'Essential Lip Cheek Tab,' launched in Japan, is receiving an enthusiastic response from local consumers, leading to a rapi ...; KO YONG-CHUL Reporter 2025.03.24

Soybean Producers in Northern Brazil Face Shipping Crisis: Soybean producers in northern Brazil are struggling to ship their grain due to a major bottleneck at the main loading dock in the ...; Pedro Espinola Special Correspondent 2025.03.23

Brazil Navigates Trade Tensions with U.S. Over Steel Tariffs: Rio de Janeiro, Brazil – The Brazilian government, under President Luiz Inácio Lula da Silva, is prioritizing negotia ...; Global Economic Times Reporter 2025.03.23