Global Economic Times

2025.10.22 (Wed)
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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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POSCO Establishes Core Resources Research Institute in Australia to Bolster Mineral Security and Technological Prowess: Kim Sungmoon Reporter; 2025.06.01

Chungnam's K-Products Make Inroads in Australia, Bolstering Export Drive: HONG MOON HWA Senior Reporter; 2025.06.01

New Zealand Opens Doors to South Korean Doctors: A Strategy to Bolster Healthcare Workforce: Hwang Sujin Reporter; 2025.06.01

Korean Business Council in New Zealand to Boost Growth and Connectivity: Kim Sungmoon Reporter; 2025.06.01

Malaysia Teams Up with Korea Expressway Corporation for 'Smart Highways' Initiative: Hee Chan Kim Reporter; 2025.06.01

Yeongcheon City Holds Export Consultation in Indonesia, Signs MOU with Korean Association: Kim Sungmoon Reporter; 2025.06.01

Busan Port Authority Promotes Digital Logistics Systems in Indonesia at Inaugural Maritime Week: Yim Kwangsoo Correspondent; 2025.06.01

Cambodia-Based No-Show Scams on the Rise: Businesses Warned to Be Vigilant: Hwang Sujin Reporter; 2025.06.01

Goyang City Hosts Cambodia for International Exchange on Urban Planning and Lake Park Management: Kim Sungmoon Reporter; 2025.06.01

Apple Expands India Presence with New Bengaluru Store Amidst Geopolitical Tensions: Desk; 2025.06.01

Woongjin Compass Partners with Saudi Education Firm to Strengthen Middle East Presence: KO YONG-CHUL Reporter; 2025.05.31

Outback Steakhouse Korea Reaches 100 Stores, Navigating Market Shifts: Hwang Sujin Reporter; 2025.05.31

Busan Bank Leads Regional Banks in Social Contribution, Spending ₩59.9 Billion in 2023: Hwang Sujin Reporter; 2025.05.31

White House Moves to Effectively Ban Chinese Drones in US Market Amid Security Concerns: Desk; 2025.05.31

Gangneung City's Workation Hub, 'Business Workation Support Center,' Under Smooth Construction: Hwang Sujin Reporter; 2025.05.31

Anseong City Expects to Solve Commuting Difficulties for Workers and Revitalize the Local Economy by Operating Free Commuter Buses in Donghang Industrial Complex: Kim Sungmoon Reporter; 2025.05.31

Anseong City Successfully Penetrates Hungarian Market, Securing Export Channels to Europe: Hwang Sujin Reporter; 2025.05.31

Pyeongtaek City's Successful Export Consultation in Eastern Europe Signals Green Light for SME Global Expansion: Yim Kwangsoo Correspondent; 2025.05.31

Ansan City to Revitalize Local Economy by Discovering "Unique Restaurants": Hwang Sujin Reporter; 2025.05.31

Suwon City Recruits Participants for '2025 Suwon Business IR Day Suwon PANN' 5th Cohort, Accelerating the Nurturing of Innovation-Based Startups: Kim Sungmoon Reporter; 2025.05.31