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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South Korea Sees Surge in Youth Unemployment as Mismatch Between Jobs and Skills Worsens: Seoul, South Korea – A growing number of South Korean youth are choosing to remain unemployed despite being capable of worki ...; Desk 2025.01.29

South Korea's Consumer Goods Exports to China Face Steep Decline: Seoul, South Korea – South Korea's dominance in the Chinese consumer goods market is waning, as the nation grapples with a s ...; KO YONG-CHUL Reporter 2025.01.28

South Korea's Coffee Consumption Hits Record High: Seoul, South Korea – South Korea's love affair with coffee continues to deepen, as new data reveals a surge in coffee import ...; KO YONG-CHUL Reporter 2025.01.28

Samsung Pay Poised to Follow Suit as Apple Pay Expands in South Korea: Seoul, South Korea – The convenience of mobile payments is set to become even more competitive in South Korea as major credi ...; ONLINE TEAM 2025.01.28

South Korean Automakers Ramp Up Electric SUV Launches to Revitalize Domestic Market: Seoul, South Korea – Domestic automakers are gearing up to launch a slew of new electric SUVs in a bid to revitalize the sag ...; Desk 2025.01.28

Kia Recalls Over 80,000 Niro Vehicles Due to Wiring Issue: Kia is recalling over 80,000 Niro vehicles due to a wiring issue that could potentially affect the deployment of airbags and seat ...; Sharon Yoon Correspondent 2025.01.27

Vietnam-Singapore Trade Surges to Record High in 2024: SINGAPORE — Bilateral trade between Vietnam and Singapore reached an all-time high in 2024, exceeding SG$31.67 billion (appr ...; Eugenio Rodolfo Sanabria Reporter 2025.01.26

South Korea's E-commerce Landscape: Coupang Dominates Amidst Economic Downturn: Seoul, South Korea – Despite intense competition from Chinese e-commerce platforms last year, South Korean retailers SSG.com ...; Global Economic Times Reporter 2025.01.26

South Korea's Food Giants Expand: 11 Companies Surpass $3 Billion in Annual Sales: Seoul, South Korea – South Korea's food industry is experiencing unprecedented growth, with a record number of companies sur ...; Hwang Sujin Reporter 2025.01.26

South Korean Electronics Giants Sweep US Large-Capacity Washing Machine Market: Seoul, South Korea – LG Electronics and Samsung Electronics have once again solidified their dominance in the US premium app ...; Hannah Yeh Reporter 2025.01.26

South Korea's Automotive Exports Face Headwinds as Electric Vehicle Sales Slump: Seoul, South Korea – South Korea's automotive export prices experienced their first decline since 2016, primarily driven by ...; Desk 2025.01.26

Seoul to Experiment with New Wage Models for Taxi Drivers Amidst Industry Struggles: Seoul, South Korea – Seoul Metropolitan Government is accelerating efforts to implement a new wage system for corporate taxi ...; Hwang Sujin Reporter 2025.01.26

El Salvador's Stock Market Sees Robust Growth in 2024: San Salvador, El Salvador – El Salvador's stock market experienced significant growth in 2024, as reported by the Superinten ...; Pedro Espinola Special Correspondent 2025.01.25

Samsung Launches Galaxy S25 Series in Tanzania, Ushering in a New Era of AI-Powered Mobile Technology: Dar es Salaam - Samsung has unveiled its revolutionary Galaxy S25 Series in Tanzania, marking a significant step forward in the co ...; Hee Chan Kim Reporter 2025.01.25

Hyundai Department Store Group Boosts Stakes in Key Subsidiaries to Enhance Value: Seoul, South Korea – Hyundai Department Store Group, a leading retail conglomerate in South Korea, announced today that its ...; Global Economic Times Reporter 2025.01.25

Japan Rate Hike Stabilizes Korean Markets, but Uncertainty Remains: Seoul, South Korea – The Bank of Japan's decision to raise its benchmark interest rate on January 24th has had a stabilizing ...; KO YONG-CHUL Reporter 2025.01.25

Krafton's BGMI Partners with Mahindra to Introduce Electric SUV in-game: Krafton's popular mobile game, Battlegrounds Mobile India (BGMI), has announced a new partnership with Indian automotive giant Mah ...; Global Economic Times Reporter 2025.01.25

South Korean Government Steps Up Job Creation Efforts Amidst Rising Unemployment: Seoul, South Korea – The South Korean government is accelerating its job creation programs in response to a recent surge in ...; Global Economic Times Reporter 2025.01.24

UK Competition Watchdog Probes Apple and Google's Mobile Dominance: London, UK – The UK Competition and Markets Authority (CMA) has launched a formal investigation into the market dominance of ...; Eugenio Rodolfo Sanabria Reporter 2025.01.24

HUG Overhauls Rent Deposit Guarantee Premium System: Seoul, South Korea – The Housing & Urban Guarantee Corporation (HUG) announced today a significant overhaul of its rent ...; ONLINE TEAM 2025.01.24