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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Paraguay's Labor Cost Spending in 2025: Fiscal Pressure Intensifies: Paraguay's public sector labor cost spending is experiencing an uncontrollable increase, placing a significant burden on the natio ...; Desk 2025.09.23

Conatel: "5G Bidding Will Prevent Rate Hikes": A new Paraguayan policy aimed at preventing telecommunication rate increases and improving citizens' access to technology through ...; Yim Kwangsoo Correspondent 2025.09.23

Argentina Opens the Door to the Satellite Internet Era with Starlink: In Argentina's internet communications market, satellite broadband is showing rapid growth and establishing a new trend. In contra ...; Yim Kwangsoo Correspondent 2025.09.23

South Korean Company Hyosung Heavy Industries Secures Landmark Deal for U.S. Power Grid: MEMPHIS, TN - In a historic first for a South Korean firm, Hyosung Heavy Industries has secured a major contract to supply a full ...; Eugenio Rodolfo Sanabria Reporter 2025.09.19

TTC AgriS and BADP Korea Sign Strategic MOU in Ho Chi Minh City on the 15th: AgriS, a leading Vietnamese agricultural company that cultivates a massive 72,000 hectares of farmland, has partnered with BADP Ko ...; KO YONG-CHUL Reporter 2025.09.18

"Daejeon Successfully Hosts '2025 Startup Korea Investment Week,' Leaping Toward Becoming a Global Startup Hub": The "2025 Startup Korea Investment Week," jointly hosted by Daejeon City and the Ministry of SMEs and Startups, successfully kicke ...; HONG MOON HWA Senior Reporter 2025.09.16

Korean Air Launches 'Incheon Airport Preview' Service on Mobile App: Korean Air has launched a new 'Incheon Airport Preview' service on its mobile app to enhance the convenience of passengers using I ...; Desk 2025.09.15

1st Philippine Tourism Awards Honors Industry Pioneers and Institutions: Manila – The Department of Tourism (DOT) hosted the first Philippine Tourism Awards on September 8 to honor individuals and ...; Global Economic Times Reporter 2025.09.15

DOT Refutes Report on Philippines Having Lowest Tourism ROI: The Department of Tourism (DOT) has strongly refuted a recent report that labeled the Philippines as having the "lowest return on ...; Pedro Espinola Special Correspondent 2025.09.15

False Bulk Order Scam Alert: New Scam Impersonating Soldiers, Serial Victims Among Small Business Owners: Small business owners in Singapore are suffering significant losses from a new type of scam where individuals impersonating soldie ...; Eugenio Rodolfo Sanabria Reporter 2025.09.15

World-OKTA Expands Its Global Reach with Three New Chapters in Central and South America: The World Federation of Overseas Korean Traders Association, known as World-OKTA, has further solidified its global presence by es ...; KO YONG-CHUL Reporter 2025.09.14

The Soaring Cost of Farm Produce: The Shocking Truth of Distribution: The high price of agricultural products in Korea is largely due to the rising costs of distribution, which now account for nearly ...; Desk 2025.09.14

KT to Sell All Owned Robots, Pivots to Platform-Centric Business: South Korean telecommunications giant KT is selling its entire inventory of robots, a strategic move aimed at restructuring its bu ...; Min Gyu Mi Reporter 2025.09.13

A Sweet Tour of Mokpo: From Historic Bakeries to Modern Delights: Mokpo, a city known for its beautiful coastline and rich history, has also become a pilgrimage site for dessert lovers. The city&r ...; Kim Sungmoon Reporter 2025.09.13

BLACKPINK's Jennie Teams Up with Stanley for a Highly Anticipated Tumbler Collaboration: Global icon Jennie of BLACKPINK is collaborating with Stanley, the popular tumbler brand, to release an exclusive new product. Sta ...; Hwang Sujin Reporter 2025.09.13

Paraguay abre el camino para la exportación de carne de res, cerdo y aves a Filipinas.: Paraguay ha logrado ingresar al mercado filipino de carne, estableciendo un importante punto de apoyo para la expansión en ...; Yim Kwangsoo Correspondent 2025.09.12

Driver-Led Protests Demand Labor Rights in Anticipation of Transportation Reform Bill: On September 8, public transit drivers announced they will protest in front of the legislature to demand secure working conditions ...; Yim Kwangsoo Correspondent 2025.09.10

Paraguay Hosts Largest-Ever Business Week, Aiming to Accelerate Economic Growth: The inaugural Paraguay Business Week, the largest business event in the country's history, was successfully held from September 8 ...; KO YONG-CHUL Reporter 2025.09.10

Paraguayan Pub and Bar Industry 'Gleeful' as National Football Team Qualifies for World Cup: The confirmation of the Paraguayan national football team's qualification for the 2026 World Cup has sparked a nationwide celebrat ...; Global Economic Times Reporter 2025.09.10

Incheon Airport and Shilla Duty Free Clash Over Rent: Court Mandates 25% Cut, Airport to Object: INCHEON – A significant dispute has erupted between the Incheon International Airport Corporation and Shilla Duty Free, afte ...; Hwang Sujin Reporter 2025.09.08

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