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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U.S. Businesses Brace for Supply Chain Disruptions Amidst Potential Trump Tariffs: WASHINGTON D.C. - A significant majority of U.S. business owners are expressing heightened concern over potential supply chain dis ...; Eunsil Ju Reporter 2025.06.04

Shinhan Card Announces Early Retirement Offer Amidst Declining Profitability and Loss of Industry Leadership: SEOUL, South Korea – Shinhan Card, once a dominant force in South Korea's credit card market, is once again offering a volun ...; Hee Chan Kim Reporter 2025.06.04

South Korea's Job Market Sees Record Low Entrants and Movers, Signaling Tightening Conditions: SEOUL, South Korea – South Korea's job market is experiencing an unprecedented tightening, with the number of new entrants a ...; KIM YOUNG MIN Specialized Reporter 2025.06.04

Sedeco Fines Express Supermarket 'Biggie': Repeated Violations, Consumer Rights Infringement Controversy: ASUNCION, PARAGUAY – The Paraguayan Secretariat of Consumer and User Protection (Sedeco) has imposed a fine of G. 107,627,00 ...; Ana Fernanda Reporter 2025.06.04

INCOOP Announces Credit Card and Loan Interest Rate Ceilings for June 2025: Asunción, Paraguay – The Paraguayan Cooperatives Institute (INCOOP) has officially announced the maximum interest rat ...; Yim Kwangsoo Correspondent 2025.06.04

SAFasia, Emerging Fuels Technology (EFT) Sign Agreement for Philippines SAF Development: Opening New Horizons for Southeast Asia's Sustainable Aviation Fuel Market: MANILA, Philippines – SAFasia, a leader in Sustainable Aviation Fuel (SAF) production and supply, and Emerging Fuels Technol ...; Kim Sungmoon Reporter 2025.06.03

Philippines' Hotel101 on the Cusp of Nasdaq Listing, Poised to Lead Global 'Condotel' Market: SINGAPORE / NEW YORK, USA – Hotel101 Global Holdings Corp., a subsidiary of the major Philippine real estate developer Doubl ...; KO YONG-CHUL Reporter 2025.06.03

Singapore's Top-Rated Bonds Gain Favor as U.S. Treasury Appeal Wanes: MELBOURNE – The allure of top-rated Asian bonds from Singapore and Australia is growing as the appeal of U.S. Treasuries dim ...; Desk 2025.06.03

Haenyeo Cafe Operations and Experiential Programs Draw Local Taiwanese Attention: The Jeju booth was operated under the unique concept of 'Jeju Haenyeo Cafe.' Visitors who participated in a Jeju travel survey or ...; KO YONG-CHUL Reporter 2025.06.03

GS Retail and Chungcheongnam-do Collaborate Strategically for Successful 'Visit Chungnam Year': Chungcheongnam-do has partnered with the major retail conglomerate GS Retail to successfully promote the '2025-2026 Visit Chungnam ...; HONG MOON HWA Senior Reporter 2025.06.02

Chungcheongnam-do and Hebei Province Deepen Economic Cooperation Discussions: Chungcheongnam-do (South Chungcheong Province) and China's Hebei Province have engaged in discussions to deepen economic cooperati ...; HONG MOON HWA Senior Reporter 2025.06.02

HD Hyundai Strengthens Submarine Development and MRO Cooperation with Portuguese Navy, Accelerating Global Defense Market Expansion: HD Hyundai is establishing a multifaceted cooperative relationship with the Portuguese Navy through a strategic partnership that e ...; KO YONG-CHUL Reporter 2025.06.02

UAE-Syria Resume Civilian Flights: A Signal of Improving Relations: Dubai – Civilian flights between the United Arab Emirates (UAE) and Syria have resumed after approximately one year, marking ...; Ana Fernanda Reporter 2025.06.02

GC Genome Accelerates Entry into UAE Non-Invasive Prenatal Testing Market with GeniFit Supply Agreement: GC Genome, a company specializing in genomic analysis, has officially entered the Middle Eastern market by signing a supply agreem ...; Ana Fernanda Reporter 2025.06.02

3-Day Investment Relations Successfully Completed with Key Local Investors in Hong Kong and Singapore… Explained Board Composition and Operation Plans, Discussed Governance Improvements: Shinhan Financial Group Chairman Yoon Jae-won visited Hong Kong and Singapore for three days starting on May 27, actively conducti ...; Hwang Sujin Reporter 2025.06.01

"The Magic of the Green Bottle" in the Philippines: Soju's Journey to Popularity on the Back of the Korean Wave: MANILA, Philippines – The Philippines is completely captivated by soju, especially Hitejinro's "Chamisul" green bottle. With ...; Kim Sungmoon Reporter 2025.06.01

South America's First Premium-Only Airline, Preparing for Takeoff in Argentina: Plans to operate only Business and Premium Economy class on long-haul international routes, including Buenos Aires to Miami. The ...; Eugenio Rodolfo Sanabria Reporter 2025.06.01

Vietnam Urges Oman to Boost Investment Fund to $1 Billion, Eyeing Strategic Sectors: Hanoi, Vietnam – Prime Minister Pham Minh Chinh recently called on Oman to significantly increase the capital of the Vietnam ...; Eugenio Rodolfo Sanabria Reporter 2025.06.01

Korean-Made DAP Fertilizer: Cadmium Levels Trigger Vietnamese Durian Export Ban to China: HANOI, Vietnam – A burgeoning international food safety scandal is unfolding as China has completely blocked imports of Viet ...; Hwang Sujin Reporter 2025.06.01

South Korea's NAAS and Switzerland's FiBL Partner for Regenerative Organic Agriculture Advancement: SUWON, SOUTH KOREA / FRICK, SWITZERLAND – The National Academy of Agricultural Science (NAAS), an affiliate of South Korea's ...; KO YONG-CHUL Reporter 2025.06.01