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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Daejeon City Significantly Lowers Threshold for Small Business Labor Cost Support: Daejeon City announced a significant easing of application criteria for its '2025 Small Business Labor Cost Support Program' to as ...; HONG MOON HWA Senior Reporter 2025.06.10

Chungnam Institute of Contents to Recruit Trainees for Accelerator (AC) Professional Training Program: CHUNGCHEONGNAM-DO – The Chungnam Institute of Contents (Director Kim Gok-mi) announced that it is recruiting trainees for th ...; HONG MOON HWA Senior Reporter 2025.06.10

Daejeon Mayor Lee Jang-woo Visits Quebec and Boston to Strengthen Global S&T Cooperation: DAEJEON – Daejeon Mayor Lee Jang-woo is embarking on a visit to Quebec, Canada, and Boston, USA, from June 10 to 18, to expa ...; HONG MOON HWA Senior Reporter 2025.06.10

Samcheok City Completes Preparations for 60th Gangwon Special Self-Governing Province Citizens' Sports Festival: Samcheok, Samcheok City in Gangwon Special Self-Governing Province has virtually completed its preparations for the 60th Gangwon S ...; KO YONG-CHUL Reporter 2025.06.10

Daejeon City to Provide Practical Employment Support for Unemployed Youth: Daejeon City is recruiting participants for its 'Youth Challenge Support Project' and 'Youth Growth Project' to help young people ...; HONG MOON HWA Senior Reporter 2025.06.10

Korean AI Tech Taps into Singapore's Public Sector, Forging a Bridge for Overseas Expansion: Korean artificial intelligence (AI) technology has successfully opened doors to Singapore's public sector, marking a significant t ...; KO YONG-CHUL Reporter 2025.06.09

Monetary Authority of Singapore Unveils Crypto Asset Due Diligence Guidelines: Paving the Way for Global Financial Regulation: As the digital revolution continuously reshapes the financial landscape, regulatory bodies worldwide face the challenging task of ...; KO YONG-CHUL Reporter 2025.06.09

Jeju-Singapore Direct Route Opens, Paving the Way for Activated Tourism and Expanded Exchange: The skies between Jeju and Singapore are set to become wider. T'way Air will launch a new direct regular flight service connecting ...; Hwang Sujin Reporter 2025.06.09

Jeju Hanwoo Paves Way for Singapore Export After WOAH Foot-and-Mouth Disease-Free Zone Recognition: Jeju-produced Hanwoo (Korean beef) is expected to begin exports to Singapore as early as the second half of this year. This develo ...; Hwang Sujin Reporter 2025.06.09

Airbus CEO Visits Singapore AATC, Emphasizing Contribution to Asia's Aviation Training and Sustainability: Singapore – The Airbus Asia Training Centre (AATC) recently welcomed Airbus CEO Guillaume Faury to Singapore, showcasing its ...; Desk 2025.06.09

Lotte Mart's 'Global Bridge in Indonesia' Forges US$9.5 Million in Export Deals, Bolstering Korean SME Expansion: Jakarta, Indonesia – Lotte Mart, a leading South Korean hypermarket chain, successfully concluded its "Global Bridge in Indo ...; Graciela Maria Reporter 2025.06.08

Indonesia's Hidden Gems Beckon Korean Travelers at Seoul International Tourism Fair: SEOUL – Indonesia is making a concerted effort to attract more Korean tourists by highlighting its lesser-known attractions, ...; Ana Fernanda Reporter 2025.06.08

KOSPO Wins Gold at International Invention Exhibition in Malaysia with AI-Powered Mobile Heat Exchanger: KUALA LUMPUR, Malaysia – June 5, 2025 – Korea Southern Power Co. (KOSPO) has been awarded a prestigious gold medal at ...; Global Economic Times Reporter 2025.06.08

Tous les Jours Re-Enters Malaysian Market After Eight-Year Hiatus: Kuala Lumpur, Malaysia – CJ Foodville, a leading South Korean food service company, has announced the grand opening of its n ...; Hwang Sujin Reporter 2025.06.08

Meet Park Ji-sung at COEX? Malaysia Airlines Brings Good Fortune to Seoul International Travel Fair: SEOUL, South Korea – Malaysia Airlines is making a significant splash at the 2025 Seoul International Travel Fair (SITF), he ...; Hwang Sujin Reporter 2025.06.08

NVIDIA's Unwavering Bet on China: A Strategic Imperative Amidst Geopolitical Tensions: "The U.S. based its policy on the assumption that China cannot make AI chips. That assumption was always questionable, and now it ...; KO YONG-CHUL Reporter 2025.06.08

DNIT Simplifies Registration Procedures for Customs-Related Parties: The Paraguayan Undersecretariat of State for Taxation (DNIT) is significantly streamlining the registration procedures for individ ...; Hwang Sujin Reporter 2025.06.06

Paraguay's Financial Sector: Loan and Deposit Growth Continues in April 2025: ASUNCION – In April 2025, the credit balance of Paraguay's banking and financial sector showed robust growth, increasing by ...; Greace Nunez Correspondent 2025.06.06

Itaipu Remits Over USD 235 Million to Paraguayan Government, Bolstering Local Governments and ANDE (January-May 2025): ASUNCIÓN – Itaipu Binacional announced that from January to May 2025, it paid a total of USD 234,673,800 (approximate ...; Graciela Maria Reporter 2025.06.06

Government Pays Over $12 Million to Suppliers Today (June 6): Asunción, Paraguay – The Paraguayan Ministry of Finance and Economy announced today (June 6) that the Treasury has di ...; Graciela Maria Reporter 2025.06.06