Global Economic Times

2025.10.24 (Fri)
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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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Uber's Q4 Revenue Beats Expectations, But Earnings Fall Short: SAN FRANCISCO – Uber Technologies Inc. released its fourth-quarter earnings on Tuesday, reporting revenue of $11.96 billion, ...; PETER KO 2025.02.06

Disney's Q1 2025 Earnings Exceed Expectations, But Streaming Subscriber Decline Impacts Stock: Los Angeles - The Walt Disney Company (DIS) reported its first-quarter fiscal year 2025 (October-December 2024) earnings on Tuesda ...; Sharon Yoon Correspondent 2025.02.06

Shinsegae Department Store to Hold '5-Mazing Card Festa': Shinsegae Department Store announced on the 6th that it will be holding the '5-Mazing Card Festa' from the 6th to the 16th in part ...; Min Gyu Mi Reporter 2025.02.06

Wall Street Rebounds on Trade War Optimism: NEW YORK, NY - U.S. stocks rallied on Tuesday, overcoming earlier losses triggered by Alphabet's lackluster earnings report. The D ...; Hannah Yeh Reporter 2025.02.06

South Korean Investors Flock to Overseas Stocks as Domestic Market Lags: SEOUL – South Korean investors are increasingly turning their attention to overseas stock markets, particularly in the Unite ...; KO YONG-CHUL Reporter 2025.02.06

K-Food Companies on Edge as US-China Trade War Heats Up: The US-China trade war is escalating, with both countries imposing additional tariffs on each other's goods. This is causing jitte ...; Min Gyu Mi Reporter 2025.02.06

Colombia's Leather and Footwear Industry Takes Center Stage at IFLS and EICI Trade Shows: BOGOTA – The Colombian Association of Footwear, Leather and Manufactures (Acicam) kicked off its annual International Footwe ...; Eugenio Rodolfo Sanabria Reporter 2025.02.05

Valentine's Day Spending in Peru Projected to Reach $165 Million: LIMA, Peru – Valentine's Day is a significant date for retailers in Peru, and this year is no exception. The Lima Chamber of ...; Ana Fernanda Reporter 2025.02.05

Egyptian Trade Delegation to Explore Opportunities in Tanzania: DAR ES SALAAM – A delegation of 23 leading Egyptian companies is set to visit Tanzania from February 1st to 6th, 2025, in a ...; Hee Chan Kim Reporter 2025.02.05

Vietnam Tech Startup Funding Plummets in 2024, Though Late-Stage Investments Show Promise: HANOI – Vietnamese tech startups experienced a significant downturn in funding in 2024, raising just over US$120 million, ac ...; Graciela Maria Reporter 2025.02.05

Vietnam's Stock Market Poised for Growth in 2025: Industrial Real Estate and Steel Sectors in Focus: HANOI – Vietnam's stock market is anticipating a surge of activity in 2025, with significant transformations unfolding acros ...; Ana Fernanda Reporter 2025.02.05

Vietnam's Billionaire Count Bounces Back to Six: HANOI – Vietnam's roster of billionaires has climbed back to six with the re-inclusion of Masan Group Chairman Nguyen Dang Q ...; Ana Fernanda Reporter 2025.02.05

Vietnam Stock Market Rebounds, But Caution Advised Amidst Foreign Investor Sell-Off: HANOI – The Vietnamese stock market saw a strong rebound on Tuesday, with the VN-Index nearing the 1,265-point mark. Improve ...; Global Economic Times Reporter 2025.02.05

Egypt Secures $1.7 Billion in Financing from Islamic Development Bank Group: Cairo, Egypt – Egypt has solidified its partnership with the Islamic Development Bank (IsDB) Group, securing $1.7 billion in ...; Eugenio Rodolfo Sanabria Reporter 2025.02.05

SK Telecom Joins MIT's GenAI Impact Consortium as Founding Member: Seoul, South Korea – SK Telecom (SKT), a leading South Korean telecommunications company, has announced its participation as ...; ONLINE TEAM 2025.02.04

Gyeongnam Province to Accelerate Electric Vehicle Supply Project: Gyeongsangnam-do Province announced on the 4th that it will begin its electric vehicle (EV) supply project earlier than usual this ...; Hwang Sujin Reporter 2025.02.04

Financial Supervisory Service Uncovers Massive Illegal Loans at Major Banks: SEOUL – The Financial Supervisory Service (FSS) of South Korea has revealed a staggering 387.5 billion won ($295 million USD ...; KO YONG-CHUL Reporter 2025.02.04

HD Hyundai to Unveil Next-Generation Construction Equipment at 2025 Seoul Mobility Show: SEOUL – HD Hyundai, a leading construction equipment manufacturer, announced its participation in the 2025 Seoul Mobility Sh ...; Desk 2025.02.04

Starbucks Japan's Location-Based Pricing: A Sign of Things to Come?: Starbucks Coffee Japan, Ltd. recently announced a move that could signal a shift in how businesses approach pricing strategies: lo ...; Eugenio Rodolfo Sanabria Reporter 2025.02.04

Strengthening Japan's Investment Security: A Necessary Step: Japan is taking proactive measures to safeguard its national security by expanding scrutiny of foreign investments. As reported by ...; Eugenio Rodolfo Sanabria Reporter 2025.02.04