Global Economic Times

2025.10.25 (Sat)
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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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Shinsegae Department Store's Sweet Park Celebrates First Anniversary with Dessert Festival: Shinsegae Department Store announced on the 13th that its dessert specialty hall, Sweet Park, located in its Gangnam branch, has c ...; Hwang Sujin Reporter 2025.02.13

Hyundai surpasses Toyota in Brazil's car sales, ranking 4th: Hyundai Motor has overtaken Toyota in car sales in the Brazilian market, rising to 4th place. According to the automotive industr ...; Graciela Maria Reporter 2025.02.12

Yuhan Corporation Achieves Record Sales of 2 Trillion KRW: Yuhan Corporation announced on February 12th that its consolidated sales for the past year were provisionally estimated at 2,067.8 ...; Desk 2025.02.12

T'way Air Opens Recruitment for Experienced Pilots: T'way Air announced on the 12th that it will be recruiting experienced flight attendants through the official T'way Air recruitmen ...; KO YONG-CHUL Reporter 2025.02.12

Meta in Talks to Acquire Korean AI Chip Startup FuriosaAI: Meta Platforms is reportedly in discussions to acquire FuriosaAI, a South Korean AI chip design startup. The acquisition could hel ...; Sharon Yoon Correspondent 2025.02.12

Incheon and Lotte World Partner to Boost Foreign Tourism: Incheon, South Korea – The Incheon Tourism Organization and Lotte World have announced a strategic partnership aimed at attr ...; Global Economic Times Reporter 2025.02.12

Yanolja and CJ OliveNetworks Partner to Offer Enhanced Point Accumulation Benefits: Seoul, South Korea – Yanolja, a leading travel platform operated by NOL Universe, has announced a new partnership with CJ Ol ...; Hwang Sujin Reporter 2025.02.12

Woongjin County Launches Initiative to Ease Delivery Costs for Island Residents: INCHEON – Residents of Woongjin County's islands will soon receive some relief from high delivery fees, thanks to a new init ...; Hwang Sujin Reporter 2025.02.12

Incheon IP Center to Support SMEs with '2025 IP Narae Program': INCHEON – The Incheon Intellectual Property Center of the Incheon Chamber of Commerce and Industry is launching the '2025 IP ...; Min Gyu Mi Reporter 2025.02.12

Valentine's Day Trends: Practical Gifts and Character Goods in Focus Amidst Economic Downturn: The prolonged economic challenges of high prices, high oil costs, and high exchange rates are impacting even the way couples expre ...; Hwang Sujin Reporter 2025.02.12

Incheon Invests 17.2 Billion Won to Revitalize Traditional Markets: Incheon, South Korea – Incheon City has announced a significant investment of 17.2 billion won (approximately 13 million USD ...; Min Gyu Mi Reporter 2025.02.12

GS25 and Musinsa Join Forces to Sell 'Musinsa Standard' Clothing at Convenience Stores: GS25, a major convenience store chain in South Korea, has announced a strategic partnership with Musinsa, the country's leading on ...; Hwang Sujin Reporter 2025.02.12

Korean Securities Gain Momentum Amidst Value-Up Plan and Dividend Expectations: Securities stocks in Korea are gaining momentum. Following the recent earnings announcements where several brokerage firms reporte ...; Global Economic Times Reporter 2025.02.12

South Korean Listed Companies Ramp Up Share Buybacks and Cancellations in 2024: SEOUL – South Korean listed companies have significantly increased their share buyback and cancellation activities in 2024, ...; Global Economic Times Reporter 2025.02.12

Bitcoin's Identity Crisis: Digital Gold or Risky Asset?: Bitcoin has been trading sideways around the $100,000 mark for the past three months, sparking a debate about its true nature as a ...; ONLINE TEAM 2025.02.12

Senior Citizens and Those with Pre-existing Conditions to Gain Access to Health Insurance: Seoul, South Korea – Starting this April, elderly individuals aged 90 and above, as well as those with pre-existing health c ...; KO YONG-CHUL Reporter 2025.02.12

Dongwon F&B Achieves Significant Profit Growth in 2024, Driven by Overseas Exports: SEOUL – Dongwon F&B, a leading South Korean food company, announced on February 11th that it has achieved significant pr ...; ONLINE TEAM 2025.02.11

C-commerce offensive intensifies, Chinese direct purchases exceed 60% of Korean market: Chinese e-commerce, represented by 'Ali·Te·Shi' (AliExpress, Temu, Shein), continues to expand its presence in Korea ...; Hwang Sujin Reporter 2025.02.11

DBS Rewards Staff with Second Bonus After Record-Breaking Year: DBS Group announced on Monday (Feb 10) a second round of bonuses for its employees following a record-breaking financial performan ...; Ana Fernanda Reporter 2025.02.11

Korean Air Takes Top Spot as Airline of the Year 2025, Thanks to Spacious Seating: Korean Air has ascended to the pinnacle of aviation, earning the title of Airline of the Year for 2025, as declared by AirlineRati ...; KO YONG-CHUL Reporter 2025.02.11