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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Daejeon City Launches 5th Survey on Treatment of Social Welfare Facility Workers: Daejeon City will conduct its '5th Survey on the Treatment of Social Welfare Facility Workers' starting on the 21st, aiming to com ...; HONG MOON HWA Senior Reporter 2025.07.17

Aero K Accelerates Expansion of Japan Routes with New Cheongju-Hiroshima Service: Aero K Airlines further expanded its Japan routes to eight with the new launch of its Cheongju-Hiroshima service on July 16th. Thi ...; HONG MOON HWA Senior Reporter 2025.07.17

Low-Cost Carrier Flybondi Resumes Paraguay Operations, Pursues Direct Flights to Encarnación: Buenos Aires – Argentina's low-cost airline Flybondi has expressed a strong commitment to resuming its routes to Paraguay, a ...; ONLINE TEAM 2025.07.16

No Doctor Salary Increase Expected in 2026 Due to Public Sector Guidelines: ASUNCIÓN, PARAGUAY – On July 15, 2025, the Paraguayan Ministry of Public Health (MSP) officially announced that there ...; Hwang Sujin Reporter 2025.07.16

E. coli Contamination Triggers Recall of Chef Lee Yeon-bok's Beef Brisket and Bracken Soup: SEOUL, South Korea– A popular instant meal, "Lee Yeon-bok's Bokjumoni Hanwoo Ugeoji Gukbap" (Beef Brisket and Bracken Soup), ...; Hwang Sujin Reporter 2025.07.16

Paraguay's Ley 60/90 Investments See Strong Rebound in First Half: Investments under Paraguay's Ley 60/90 reached $267 million in the first half of 2025, a robust 58% increase year-on-year. This on ...; Graciela Maria Reporter 2025.07.15

Incheon City to Provide ₩150 Billion in Funding to SMEs Exporting to the U.S. to Stabilize Management: Amid rising trade barriers from the United States, Incheon City has rolled up its sleeves to promote management stability for smal ...; Hwang Sujin Reporter 2025.07.14

CJ CheilJedang Accelerates K-Food Territory Expansion in Australia… 'Bibigo Chicken' Debuts Locally: CJ CheilJedang, at the forefront of K-Food globalization, is accelerating its push into the Australian market. Based on its local ...; HONG MOON HWA Senior Reporter 2025.07.14

Sanitation Worker's High Salary Controversy: The Shadow of 92 Hours of Overtime: The high salaries of sanitation workers are once again a hot topic online. Recently, a pay stub of an 11-year veteran sanitation w ...; Desk 2025.07.13

Daegu City Recruiting Candidates for '2025 Small and Medium Business Awards' to Discover Leading Companies for Regional Economic Growth: Daegu City is currently accepting applications for the '2025 Daegu Small and Medium Business Awards' until August 8th, aiming to r ...; Hee Chan Kim Reporter 2025.07.13

Cheonan Municipal Museum Recruits Participants for Exhibition Docent Training Program: The Cheonan Cultural Foundation (CEO Ahn Dong-soon, hereinafter referred to as the Foundation) announced on the 11th that it will ...; Kim Sungmoon Reporter 2025.07.12

Canada's June Employment Surges by 83,000, Cooling Rate Cut Expectations: Canada's labor market saw an unexpected surge in employment in June, significantly lowering the likelihood of an interest rate cut ...; Pedro Espinola Special Correspondent 2025.07.12

17,000 Won Japan Trip? Aviation Industry in "Emergency"…Plummeting Travel Demand Intensifies Price War: Recently, the travel industry has been thrown into an emergency as online travel agencies (OTAs) and low-cost carriers (LCCs) are ...; KO YONG-CHUL Reporter 2025.07.11

Bucheon City: From Platform to Distribution… Connecting Investment and Distribution Opportunities for Content Companies: Bucheon City held the ‘2025 Bucheon Content Enterprise Demoday’ at the Webtoon Convergence Center on the 8th. The even ...; KO YONG-CHUL Reporter 2025.07.11

"Get Discounts, Plus Free Gifts!": Bucheon City announced that it is holding an event where customers who pay with Bucheon Pay (local currency) at 'Bucheon Pay Addit ...; Hwang Sujin Reporter 2025.07.11

Bucheon Mayor Cho Yong-ik Discusses Implementing National Policy Directives of the Lee Jae-myung Government with Working-Level Officials: Policy meeting with about 20 working-level officials in economic sectors, including local economy, corporate support, and job crea ...; Global Economic Times Reporter 2025.07.11

"Not Many Opportunities Right Now": Recent Graduate Faces Job Market Challenges, Takes Contract Position: SINGAPORE – Recent and soon-to-be graduates are struggling in a tough job market. With it becoming increasingly difficult to ...; KO YONG-CHUL Reporter 2025.07.10

'Tens of Thousands of Jobs with a Monthly Salary of 10 Million Won'... Singapore's 'Super-Rich Black Hole' Strategy Surpasses New York and Hong Kong: Singapore is rapidly emerging as a 'black hole' attracting super-rich individuals from around the world. In particular, it is domi ...; ONLINE TEAM 2025.07.10

2.6 Million Job Seekers Successfully Employed Through Local Philippine Employment Service Offices (PESOs) Since 2024: MANILA, Philippines – The Philippine Bureau of Local Employment (BLE) announced on Wednesday, July 9, that over 2.6 million ...; Kim Sungmoon Reporter 2025.07.10

Philippines Approves Import of 424,000 Tons of Sugar…Full Efforts to Stabilize Supply: On July 9, 2025, the Philippine Sugar Regulatory Administration (SRA) approved the import of 424,000 metric tons (MT) of refined s ...; Hwang Sujin Reporter 2025.07.10

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